Polymers Petrochemicals Bioplastic Polyester 08-07-2019
Crude Oil Prices Trend Polymers Petrochemicals Bioplastic Polyester
Iran’s parliament last week passed a draft bill allowing for a massive increase in the number of oil and gas condensates refineries in the country, to be funded from investment from private sector companies and regional banks.
Although the U.S. recently extended sanctions to Iran’s largest petrochemical group, Persian Gulf Petrochemical Industries Company, citing its ties to the Islamic Revolutionary Guards Corps (IRGC), together with a further 39 subsidiary companies and foreign-based sales agents, Tehran still believes that the petchems sector is its best bet to avoid the full focus of the U.S.’s renewed sanctions impetus.
SABIC first in the industry to scale-up innovative chemical recycling process to return mixed plastic waste back to the original polymer to help drive circular economy
SABIC has formed downstream collaborations with brand-leading customers Unilever, Tupperware Brands, Vinventions and Walki Group to develop new, high-quality consumer products
SABIC is using feedstock made from mixed plastic waste to produce certified circular polymers at its Geleen production site in The Netherlands
Certified circular polymers are one of many highlights from SABIC at K 2019, Hall 6 Booth D42 Polymers Petrochemicals Bioplastic Polyester
Invista’s technology and licensing group, Invista Performance Technologies (IPT), Sichuan Shengda Chemical New Material Co, Ltd (Sichuan Shengda) and Sichuan Energy Investment Chemical New Material Co, Ltd (Sichuan Energy) have announced start-up of Sichuan Shengda’s purified terephthalic acid (PTA) plant. On-specification production was achieved on May 24.
The plant located in Nanchong, Sichuan province, utilises Invista’s proprietary P7 PTA process technology, with a nameplate capacity of one million metric tonnes per year. The plant also uses Invista’s proprietary R2R technology for production of benzoic acid as co-product.
The latest addition to the battenfeld-cincinnati Germany GmbH technical centre in Bad Oeynhausen is a multifunctional thermoforming sheet line.
The complete extrusion line is equipped with cutting-edge machine components and can produce sheets and thin boards made from new materials, recycled materials, bioplastics, and combinations of materials.
“The new lab line will enable our customers to develop new types of sheets or optimise their existing products – something that is becoming increasingly important in the context of “design for recycling”,” says CTO Dr. Henning Stieglitz.
Prices of European polyvinyl chloride (PVC) for July shipments to the CIS markets dropped slightly although to a lesser extent than those for Europe’s ethylene monthly contract prices, according to a MRC Price report.
The European ethylene contract price settled down by €75/tonne.
Theoretically, the fall should lead to a decrease of €37/tonne in PVC production costs.
However, despite the significant decrease in feedstock prices, some European producers limited the reduction in export prices of PVC to be shipped to the CIS countries by €10-25/tonne, although in some cases, prices rolled over.
Transparent barrier films prevent permeation of gases including water vapor, electron beam physical vapor deposition and plasma-enhanced chemical vapor deposition.
Transparent barrier films delivers superior barrier performance attained through a combination of vapor deposition and coating technologies.
KraussMaffei is reinventing itself.
KraussMaffei, the world’s only provider of ready-to-use system solutions for injection moulding, extrusion and reaction process technology (IMM, EXT, RPM), is now consolidating all business divisions and its previous brands KraussMaffei, KraussMaffei Berstorff and Netstal within a single, unified brand: KraussMaffei.
This repositioning is in line with the ‘Compass’ corporate strategy, which has already brought about fundamental changes with the launch of the Digital & Service Solutions (DSS) business unit. Polymers Petrochemicals Bioplastic Polyester
The US Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield.
The administration of US President Donald Trump is discussing issuing China a waiver to a 2012 US act on Iranian sanctions that would allow Beijing—Iran’s single biggest oil customer—to import oil from Iran, Oil Price reported.
The discussions revolve around giving China a waiver to import Iranian oil in exchange for investments that China’s Sinopec has made in an oilfield in Iran.
“America & our allies will continue to prevent regimes in Tehran & Damascus from profiting off this illicit trade,” Bolton said on Twitter.
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.
The Grace 1 tanker was impounded in the British territory on the southern tip of Spain after sailing around Africa, the long route from the Middle East to the mouth of the Mediterranean. Polymers Petrochemicals Bioplastic Polyester