Polymers Petrochemicals BOPET Bioplastic 01-07-2019
Polymers Petrochemicals BOPET Bioplastic
Crude Oil Prices Trend
Up to 50,000 tonnes of single-use waste targeted
SET-listed PTT Global Chemical (PTTGC) is teaming up with Alpla Packaging to build a recycling plant for plastic waste in Rayong with an initial budget of 1 billion baht (1 THB = 0.0287 €).
The recycling plant is at Rayong’s Asia Industrial Estate. Construction has begun and is to be completed in the next 18 months.
President and chief executive Supattanapong Punmeechaow said PTTGC is negotiating investment details with Alpla and the agreement will be announced soon.
The future of plastics isn’t what it used to be.
The invention of plastics in the early twentieth century promised to change the world. It did — and then some. The pliable, convenient material’s near-exponential growth has enabled modern life, but its lack of designed-in end-of-life considerations has created a global waste crisis.
At GreenBiz’s circular economy conference, Circularity 19, in Minneapolis last week, Valerie Craig, deputy to the chief scientist and vice president of impact initiatives at National Geographic Society, said on the main stage: “Plastics have undeniably changed our lives — in a lot of ways for the better — but we have created a pollution crisis of almost an unfathomable scale.”
However, flexible plastic still has a place in a circular economy that’s fighting climate change — to protect food from spoiling, or decomposing, a process that produces the potent greenhouse gas methane; to create lighter, smaller products that optimize space and reduce emissions while transporting them, Craig noted.
The market for polybutylene terephthalate (PBT) is expected to grow at a CAGR of more than 5% during the forecast period of 2019 2024.
Rising demand for lightweight automobiles and the growing demand for PBT in electrical applications are the major factors driving the market studied.
During his first meeting with top Korean business executives in Seoul, U.S. President Donald Trump expressed his gratitude towards Korean firms and urged them to invest more.
“Hyundai, Samsung, and CJ, Doosan, and SK Group all here this morning, they are all here represented by their top people. And I really appreciate it, they have very large investments in our country, including the companies that are represented in the room. It created more than 50,000 brand new jobs in the United States.”
CEVA-XC DSP powers MorningCore’s Software Defined Radio (SDR) chip platform targeting 4G/5G wireless terminals and cellular v2x modems
CEVA, Inc. , the leading licensor of signal processing platforms and artificial intelligence processors for smarter, connected devices, announced today that MorningCore Technology Co., Ltd, a subsidiary of China Information and Communication Technologies Group Corp (CICT), has licensed and deployed the CEVA-XC DSP in its family of software-defined radio (SDR) processors and platforms targeting high performance 4G/5G wireless and cellular vehicle-to-everything (C-V2X) applications. Polymers Petrochemicals BOPET Bioplastic
€400 million investment is first expansion phase of a €1 billion growth plan
The Lenzing Group is substantially increasing its production of lyocell fibers to meet the strong demand for these products and further strengthening its position as an industry leader in specialty fibers.
Over the next years, it plans to invest more than €1 billion in new production facilities for lyocell fibers.
The first expansion phase of this ambitious growth plan, the construction of a state-of-the art lyocell fiber production plant in Prachinburi (Thailand), has now been approved.
The plant will have a capacity of 100,000 tons and feature investments of approximately €400 million.
Uster is launching the Uster Q-Bar 2 and Uster Fabriq Expert for fabric manufacturers at ITMA 2019, in hall 6, booth D201. ITMA is the trendsetting textile and garment technology platform which is being held from June 20-26, 2019, in Barcelona, Spain. Uster, from Switzerland, is the leading provider of quality management solutions from fibre to fabric.
Uster Fabriq Expert and Uster Q-Bar 2 aim to support textile mills in guaranteeing the delivery of the desired roll quality, using the best technology available for monitoring and improving production at the earliest-possible stage.
“Demand for technology that facilitates a circular economy is growing rapidly and we are at the forefront of providing global players an efficient alternative that protects the environment.”
US green chemistry company Carbios has announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for an additional U.S. patent for its proprietary process of recycling PET plastic waste.
The patent application recognises Carbios for its invention of a proprietary method of recycling complex plastics, including coloured, opaque, and multi-layer products containing a mix of PET and at least one additional component.
Themed ‘Innovating the World of Textiles’, the 18th edition of ITMA concluded successfully in Barcelona, Spain recently. Many new technologies were launched, ranging from 3D weaving and knitting to hi-tech nonwovens processes, sustainable chemicals and state-of-the-art garment-making technologies, and wide range of software-powered automation solutions.
ITMA, the world’s most established textile and garment technology exhibition, featured technologies including those that leverage the Internet of Things (IoT) by 1717 exhibitors from 45 countries, according to a press release by ITMA.
Oil ministers meeting this coming week are expected to continue an agreement to reduce production.
The Organization of the Petroleum Exporting Countries doesn’t stir as much fear in oil markets it once did, but it still has the power to shake up oil prices.
On Monday, officials from OPEC and other oil producers including Russia will begin two days of meetings in Vienna.