Polymers Petrochemicals Carbon Fibre 20-02-2019
China – Polyethylene Terephthalate
PET and its chain are steady,but weak .
Polyamide 6 and its chain are assessed mixed.
PET Bottle grade export 1,040/1,080 $/ton – PET Bottle grade domestic market 8,250/8,350 yuan/ton – PET Filament grade SD domestic market 7,800/7,900 yuan/ton – PET Filament grade BR domestic market 7,750/7,900 yuan/ton
PTA Taiwan 850/860 $/ton – PTA domestic market 6,350/6,500 yuan/ton – MEG $ 595/610 $/ton – MEG domestic market 4,850/4,950 yuan/ton – PX Korea 1,085/1,095 $/ton
POY 150D/48F domestic market 8,400/8,550 yuan/ton – DTY 150D/48F domestic market 10,350/10,450 yuan/ton – PSF domestic market 8,850/8,950 yuan/ton
Crude Oil Prices Trend
Actions will promote the reuse of post-consumer plastics by manufacturers
Seeking solutions that contribute to the circular economy and to sustainable development, Braskem announces new partnerships for the development of chemical recycling, with a focus on transforming post-consumer plastics, such as grocery bags and packaging films for snacks and cookies, once again into chemical products that can be used by various different value chains and will benefit the general public.
Braskem, the recognized leader in innovation with a successful record in renewable chemicals, has applied its knowledge and commitment once again to move the industry towards the circular economy.
The following are brief reports of items discussed at the environment and climate change committee of Dysart et al council held Feb. 7.
Dysart is planning to change the way we look at bottled water and single use plastics, starting in its facilities and with its staff.
“We have an entire class delving into research on reducing single use plastic, particularly focused on water bottles,” said Dysart’s environmental co-ordinator Mallory Bishop.
The class is organized through U-Links Centre for Community Based Research through Trent University. They are researching alternatives to plastic and how best to convince people to make the switch.
An oil discovery in a remote corner of northwestern China could trigger a surge in shale drilling, benefiting service companies and providing a needed output boost for the world’s biggest importer, according to analysts at Morgan Stanley.
PetroChina has achieved daily output of 733 bbl oil at a test well in the Jimsar field in Xinjiang province, suggesting that shale oil has strong commercial potential in the nation for the first time, analysts including Andy Meng said in a Feb. 18 note.
China has had some success in producing shale gas, but advancing on shale oil would be a particular help to the world’s largest crude importer, which has seen output decline since 2015 even as the country’s leadership extols the virtues of energy self-sufficiency. Still, it’s unlikely China will be able to scale the heights of U.S. shale, which accounts for about half of American production, Morgan Stanley said.
Britain is to set out plans to overhaul its recycling system on Monday, including making plastic packaging producers pay the full cost of dealing with their waste and introducing a deposit return scheme for cans and bottles.
The plans, which also aim to make household rubbish collections more consistent around the country, will be introduced by environment secretary Michael Gove and go out for consultation for three months.
‘We will introduce a world-leading tax to boost recycled content in plastic packaging, make producers foot the bill for handling their packaging waste, and end the confusion over household recycling,’ Gove said in a statement.
Materials Materials Suppliers Solvay SA Legal
Belgian speciality chemicals company Solvay SA has filed a lawsuit for patent infringement against Chinese chemicals company Beijing Tiangang Auxiliary Co. Ltd.
In a Feb. 18 statement, the Brussels-based chemicals supplier said it had filed the complaint with the Beijing intellectual property court on behalf of its wholly owned subsidiary, Cytec Industries Inc., and its Polymer Additives business unit “following a lengthy investigation.”
Polyethylene terephthalate, or PET, is a very commonly used polyester ever since its discovery in 1941. The easiest way to recognize PET in commercial use is to look for the “#1” sign on the plastic, which is the global indicator of the polyester. The two key physical properties of PET that make it so popular are its strength and nontoxic nature. PET products are highly durable, long lasting, light in weight, resistant to several types of mild chemicals, resistant to breakage or shattering, and are also recyclable.
In fact, PET is nearly 100 percent recyclable, as a new PET product can be made from an older PET product of the same volume, and this process can be essentially repeated an infinite number of times.
“Danone brand Evian will be looking to increase the amount of recycled PET it uses in its drink bottles (picture courtesy of Evian).Loop Industries has developed a technology that enables a continuous loop for recycling at large scale.”
French food group Danone has expanded a PET supply agreement with US technology provider Loop Industries to boost the amount of recycled PET it uses across its brands. Earlier this year, Danone entered into a partnership with Loop Industries to enable its drinks brand Evian to meet a “100% recycled plastic” target by 2025.
Under the new agreement, Danone will purchase 100% upcycled Loop-branded PET from Loop’s US joint venture facility with Indorama Ventures for use in brands across its portfolio including Evian.
Higher feedstock prices, some pre-buying in the UK, several planned cracker outages, and a force majeure at a major plant are leading some polyethylene (PE) sellers in Europe to expect higher prices in March.
VARIOUSNet prices are also lower than the ethylene contract in some cases.
A couple of producers have already closed order books on some PE grades, and one has said extra volumes for February will incur a surcharge of €50/tonne.
Some spot prices are looking up, but sentiment is also weighed down by fresh import volumes from the US, and not all sellers are convinced prices will go up in March.
Brent crude prices have increased steadily in recent weeks and, while naphtha has been lagging behind, an upturn has been seen there too.
Motan-colortronic India Privat, a wholly owned subsidiary of the motan group has moved to its modern larger premises in Chennai, India.
The new company building was festively inaugurated, in the presence of Karin Stoll, the Consul General for the Federal Republic of Germany.
The building was opened with a celebratory speech, which made clear that the quality standard “made by motan” is being realised globally. The local suppliers play a big part in this and they, as well as the other guests, then had the opportunity to view the new building.
“Untitled design – 2019-02-19T161251.879The acquisition of Synova is a concrete proof of our commitment to developing plastic recycling.”
Oil giant Total has announced that it has acquired Synova, a French manufacturer of recycled polypropylene for the automotive sector. Combining Synova’s recycling expertise and Total’s polymers know-how will increase the supply of recycled polypropylene for automotive applications that deliver the same performance as virgin polymers, Total claimed in a statement.
Synova produces around 20,000 tonnes per year of recycled polypropylene for automakers.
“By contributing to the lighter weight of vehicles, plastics improve their energy efficiency and reduce CO2 emissions. Producing them from recycled materials will also meet the challenge of managing their end of life,” said Bernard Pinatel, President Refining & Chemicals, Total (@Total).