Polymers Petrochemicals Bioplastic Fabric 28-02-2019
- China – Polyethylene Terephthalate
PET and its chain are assessed mixed.
- Polyamide6 and its chain are steady.
PET Bottle grade export 1,030/1,075 $/ton – PET Bottle grade domestic market 8,200/8,300 yuan/ton – PET Filament grade SD domestic market 7,600/7,700 yuan/ton – PET Filament grade BR domestic market 7,600/7,700 yuan/ton
PTA Taiwan 850/860 $/ton – PTA domestic market 6,250/6,400 yuan/ton – MEG $ 610/620 $/ton – MEG domestic market 4,950/5,050 yuan/ton – PX Korea 1,085/1,095 $/ton
POY 150D/48F domestic market 8,150/8,300 yuan/ton – DTY 150D/48F domestic market 10,150/10,250 yuan/ton – PSF domestic market 8,700/8,800 yuan/ton
20,000 tons of virgin PET is imported to New Zealand annually. New Zealand government’s Waste Minimization Fund supports the project to reduce that environmental harm.
Flight Plastics installed a multi-sensor sorting line including two bottle sorters.
A grant enables the parent company Flight Group Ltd. to open New Zealand’s first PET recycling plant in Wellington and spend NZ$ 12 million (US$ 8.8 million) on a full upgrade at its facility including a wash plant for PET bottles.
Flight Group was established in 1907 and initially made leather luggage. It is still privately held by members of the original Osborne family owners. Flight moved into plastic production in the 1970s. It also has PET product manufacturing plants in Adelaide, Australia, and Romsey, England.
Crude Oil Prices Trend
Swiss textile innovator HeiQ launches HeiQ Fabric Lab, a new service to assist brands with fabric innovation so they can turn their product concepts into reality.
With HeiQ Fabric Lab, HeiQ takes a brand’s product idea and applies its expertise in fibre, yarn, fabric solutions, chemical technology, as well as its knowledge and sourcing partners to develop the brand partner’s future functional fabric.
In addition to fabric development, HeiQ Fabric Lab also offers additional services, such as fabric trend research, product marketing and materials education seminars for employees.
Chinese Shandong Lihuayi, a subsidiary of the Lihuayi Group, on February 21 raised the price offers of phenol in northern China by 200 yuan (CNY) or USD30 per tonne, ICIS reported.
Thus, the February prices of phenol companies are now at the level of CNY8 800 or USD1 309.5 per ton, EXWH (ex warehouse).
The spot prices of phenol in East China on February 20 were at the level of CNY8 600-8 800 per tonne, ex-tank (free tank), which is CNY150 per tonne higher in the upper part of the price range compared to the level of the previous day, according to ICIS.
- CARBIOS produces first PET-bottles from 100% recycled plastic waste using Company’s breakthrough technology
Process can repeatedly recycle all kinds of PET plastic waste
An industrial solution to achieve brand-owners’ sustainability goals
Innovative tech strives to help create a cleaner planet through a circular economy, resulting in less oil and gas consumption
CARBIOS ,a company pioneering new, bioindustrial solutions to reinvent the lifecycle of plastic and textile polymers, today announced it has successfully produced the first PET-bottles made with 100% Purified Terephthalic Acid (rPTA), through the enzymatic biorecycling of plastic waste. This major milestone is a world-first and confirms the potential of the company’s technology to engage the whole industry in a responsible transition towards a circular economy.
NEW YORK (Reuters) – Oil futures rose more than 2 percent on Wednesday after a surprising plunge in U.S. crude inventories and as OPEC’s de facto leader Saudi Arabia appeared unfazed by pressure from U.S. President Donald Trump to prevent oil prices from rising.
Crude inventories fell by 8.6 million barrels last week, compared with analysts’ expectations for an increase of 2.8 million barrels, the U.S. government reported. U.S. crude imports fell to an all-time low of 2.6 million bpd, in the wake of declining OPEC production and U.S. sanctions against Venezuela.
Filters feature ultrafine microperforations for melt filtration in PET recycling.
With filtration fineness of 60 µm, self-cleaning ECO melt filters by Ettlinger, Königsbrunn, Germany, part of Maag and Dover, Downers Grove, Illinois, are designed to facilitate treating recycled material for use in the film, packaging tape and fiber industries.
The filters help plastic recyclers remove challenging contaminants, such as paints, silicones, barrier materials, cross-linked fractions and gels, from the melt.
In particular, the new filter screens will enable cost-efficient conversion of postconsumer polyethylene terephthalate (PET) bottle flakes and fines into recycled material, according to the manufacturer.
The Kroger Company (KR: NYSE) has been around since the late 1800s. It has developed into a major retailer of a broad range of food products in its supermarkets that also feature specialty sections such as pet centers, electronics, apparel, toys, and pharmacies. Kroger stock is selling at a bargain multiple of 6.6 times trailing earnings.
The 2.0% current dividend yield is icing on Kroger’s cake.
Kroger is distinguished among other grocery retailers with its pledge to achieve zero waste.
The company is aiming to recycle or reuse at least 90% of its waste. Sustainable product packaging is a central part of its zero waste plan.
For example, Kroger is using a new plastic milk jug that requires 10% less plastic compared to regular plastic jugs.
The company is also revising instructions on its Our Brands private label to promote recycling.
As consumer demand for plastic-free and plant-based products soars, large consumer goods firms are prioritising vegan products and recyclable packaging over low-carbon innovation, new research by CDP has concluded.
CDP’s new ‘fast-moving consumers’ report, which ranks 16 of the world’s largest consumer goods companies on their readiness for the transition to a low-carbon economy, reveals that 60% have begun investing in biodegradable plastic alternatives and recycling infrastructure, with Danone leading the charge.
The report attributes this trend to a “tide of consumer activism” on plastic packaging, which has resulted in the consumer goods sector facing increased pressure to develop circular or zero-waste offers, while noting that the demand for plant-based products is now following a comparable trajectory.
Leading specialist weaver of technical textiles Arville will once again take its place among the sector’s biggest names and innovators at Techtextil in Frankfurt, from 14-17 May. Representatives from the firm’s Sales and Technical teams will fly to Germany for the four-day event to meet and talk to customers and partners, old and new, from across the globe.
Arville will headline its integrated manufacturing capabilities, covering the design, weaving, coating and fabrication of bespoke textiles – suitable for demanding end applications in a wide range of industries including defence, aerospace, pharmaceutical, and automotive sectors.
Groundbreaking New Product Offers Reduced Environmental Impact and Lower Costs
Now Plastics, one of the world’s largest suppliers of films and aluminum foil, is now targeting European markets with a groundbreaking line of films made from 60 to 90% PCR PET resin. The European Union has recently outlined a stringent policy on single-use plastics as part of its transition to a more circular economy for plastics. As a result, Germany, France and the United Kingdom have all taken steps to heighten restrictions on all plastics used in food packaging.
The PCR PET films offered by Now Plastics are especially geared to the consumer packaged goods (CPG) industry and will enable European converters and manufacturers to comply with the new sustainability goals. The films use an extremely high content of recycled PET materials which have been fully sanitized and reconfigured into film grade resin, making it environmentally sensitive and 100% compliant with sustainability requirements.
Oil prices rise after Saudi Arabia appeared undaunted after President Donald Trump called on OPEC to slacken its restrictions on crude production.
Saudi Energy Minister Khalid al-Falih said OPEC and its partners were “taking it easy” in response to the tweet from Trump.
U.S. crude stockpiles plunged by 8.6 million barrels last week, the Energy Information Administration reports.
Oil prices surged more than 2 percent on Wednesday after government data showed an unexpected and sharp drop in U.S. crude stockpiles.
Prices were already higher after Saudi Arabia’s influential energy minister brushed aside pressure from President Donald Trump to tread carefully as OPEC and its allies cut output.
- Teijin to Acquire Renegade and Expand Carbon Fiber Intermediate Material Business for Aerospace Applications
Teijin Limited announced today that it has agreed to acquire Renegade Materials Corporation (Renegade), a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. Renegade will become a wholly-owned subsidiary of Teijin.
The shares of Renegade will be purchased by Teijin Holdings USA Inc., the Teijin Group’s holding company in the United States. The acquisition is anticipated to be completed this spring after customary closing conditions have been satisfied including receipt of regulatory approvals.