Polymers Petrochemicals carbon fibre Automotive 05-04-2019

Crude Oil Prices Trend

Polymers Petrochemicals carbon fibre Automotive

The US-China trade war could threaten feedstock supply for the newly-built propane dehydrogenation (PDH) unitsin China, an executive said on Thursday.

There have beenheavy investments in polypropylene (PP)plants in China, with almost 9.5m tonnes of capacity growth by 2020.

Sanjay Moolji, director for polymers and PP atUS-headquartered Tricon Energy, made his remarks when he was addressing the new developments in the business models for chemicals trading and distribution.

He was speaking at the 8th ICIS World Poylolefins Conference.

Polymers Petrochemicals carbon fibre Automotive

Trump ‘likely’ to announce summit plans at meeting with China’s vice premier

Oil prices resumed their climb Thursday, heading for what could be the fourth gain in the past five sessions, a move that had pushed the contract to roughly five-month highs.

The upside was limited in part amid broader financial market cautiousness as investors eagerly await what could be a breakthrough in the trade negotiations between China and the U.S., though but the final leg of negotiations has proven the most contentious, analysts said.

Plastics are too valuable to be thrown away but the industry needs to improvetheir circularity, an executive at European polymers major Borealis said on Thursday.

“We haven’t really improved our circularity [inthe plastics industry] very well,”said Guenter Stephan, head of circula reconomy at Borealis.

“We need to engage ourselves longer than the chain.”

Techtextil, the leading international trade fair for technical textiles and nonwovens, will once again open its doors in Frankfurt/Main, Germany from 14-17 May 2019.

Covestro will be presenting new and sustainable developments with INSQIN technology for aqueous textile coatings as well as a waterbased polyurethane dispersion enabling biodegradable textile coatings at Booth D22 in Hall 3.0. Visitors can also obtain information on skin-friendly coatings for medical textiles, on a new TPU fibre as well as on film solutions for smart textiles, for example.

One of the highlights this time is breathable yet waterproof outdoor clothing. It is intended to protect joggers or hikers from rain, but at the same time let sweat escape from their skin. With the INSQIN technology, textiles are coated with waterbased polyurethane (PU) dispersions without the use of solvents.

Mike Pompeo, U.S. secretary of state, speaks in the briefing room at the State Department in Washington, D.C., U.S., on Tuesday, Nov. 20, 2018. President Donald Trump said he wouldn’t downgrade U.S. relations with Saudi Arabia over the murder of columnist Jamal Khashoggi, regardless of whether Crown Prince Mohammed bin Salman ordered his death. Photographer: Al Drago/Bloomberg

One of the great energy security benefits that the U.S. shale revolution has provided us for petroleum, still easily our main source of energy, is the need to rely less on OPEC.

It’s a huge advantage for our country that continues to go mostly ignored.

Since the shale-era took flight in 2008, U.S. crude oil production has surged 140% to 12.1 million b/d.

In turn, U.S. oil imports from OPEC have been sliced in half to less than 3 million b/d.

Asian polyethylene (PE) buyers have paused after falls in the feedstock ethylene market, preferring to take a cautious approach.

Regional producers are more bullish and said a 3pc value-added tax cut to 13pc, effective 1 April, will boost domestic demand.

Ethylene prices are dipping below $1,000/t on a cfr northeast Asia basis, after hitting near $1,200/t in mid-February. Ethylene prices, which have been volatile since late February, were assessed at $990-1,010/t cfr northeast Asia yesterday, according to Argus data.

Techtextil and Texprocess expos are set to dedicate a separate themed area to life in the city of the future with the special event ‘Urban Living-City of the Future’. The leading international trade fairs for technical textiles and nonwovens, and the processing of textile and flexible materials will be held from May 14-17, 2019, in Frankfurt, Germany.

Taking centre stage this time are the Netherlands: supported by Creative Holland, an initiative of the Dutch creative industries, a special presentation area will examine the role that textiles and textile composites can play in the future of cities and highlight an array of outstanding examples of urban textile innovations from the Netherlands.

Timloc Building Products has made a considerable investment to purchase four Yizumi injection moulding machines from STV Machinery.

The significant investment in Yizumi machines and other state-of-the-art manufacturing equipment has been high on Timloc’s agenda, and has enabled the company to keep pace with increasing demand for its products and expand into new areas.

By 2050, almost 70 percent of the world’s population will be living in urban regions, metropolises and megacities, according to the United Nations. This poses new challenges for construction, mobility concepts and health services, as well as for smart fashion and functional clothing. With the special event “Urban Living – City of the Future” from 14-17 May 2019, Techtextil and Texprocess are dedicating a separate themed area to life in the city of the future

From 14-17 May 2019, “Urban Living – City of the Future” will be the key theme of Techtextil and Texprocess 2019 in Frankfurt am Main, the leading international trade fairs for technical textiles and nonwovens, and the processing of textile and flexible materials. Taking centre stage this time are the Netherlands: supported by Creative Holland, an initiative of the Dutch creative industries, a special presentation area will examine the role that textiles and textile composites can play in the future of cities and highlight an array of outstanding examples of urban textile innovations from the Netherlands.

This week, PP prices firmed in the Far East and South East Asian regions. Gains were attributed to strength in global crude and naphtha rates. The price rise was further supported by stronger import offers from overseas suppliers, firmer PP futures on the Dalian Commodity Exchange in China coupled with improved regional buying sentiments.

CFR Far East Asia, PP raffia and PP injection prices were assessed higher at the USD 1090/mt levels, a sharp week on week increase of USD 25/mt. PP film prices meanwhile were assessed at the USD 1125/mt levels while BOPP prices were also assessed at the USD 1125/mt levels, both up USD 30/mt from the previous week. PP block copolymer prices were assessed at the USD 1135/mt levels, a rise of USD 15/mt from the previous week.

Eastman announced on Wednesday a second innovation to address the world’s plastic waste problem.

In March, the Kingsport-based global specialty materials company announced plans to launch an advanced circular recycling technology breaking down polyester waste that cannot be recycled by current mechanical methods into basic polymer building blocks that can be reintroduced as new polyester-based polymers.

Wednesday’s announcement introduces a second Eastman innovation called carbon renewal technology, which is capable of recycling some of the most complex plastic waste, including non-polyester plastics and mixed plastics that cannot be recycled with conventional technologies.

Andrea Crespi, Managing Director, Eurojersey. © EurojerseyFounded in 1960, Eurojersey represents the Made in Italy style and creativity in warp knit fabrics. Through its Sensitive Fabrics portfolio, it is well established with major brands for sportswear, swimwear, intimate apparel and ready-to-wear.

Eurojersey began to market its Sensitive Fabrics products for the sports applications in 2005, which was followed by the launch of Sensitive Sculpt, a technical fabric specially designed for the shapewear, sportswear and swimwear sectors, in 2015.

In recent years, the manufacturer continued adding new technologies onto Sensitive Fabrics, such as bonding technology with merino wool, membranes and exclusive prints with bioceramics.

A plastic bottle takes more than 450 years to decompose. To highlight this stat, WWF is showing the decomposition of a plastic bottle in real-time – the longest live streaming ever.

The live stream was launched during earth hour on March 30, in the main square of Lisbon with the presence of several city officials and media outlets.

The live stream will continue for the next 450 years, or until the plastic bottle has decomposed.

The objective of the live stream is to raise awareness of the growing problem of plastic pollution and to raise 400,000 signatures for a petition that will be presented to key global leaders at the United Nations meeting on the environment.

the search for The most environmentally friendly raw material for PET bottles is in the hunt for the purest diamonds. In Europe, the cleanest PET-granules currently, the PET Recycling plant in the Glarus Bilten, which was opened yesterday Wednesday. Lord of the coveted raw materials, Casper van den Dungen (58), head of the company Poly Recycling AG.

“With the new technology, we improve the recyclate to the level of virgin material,” he says in front of mountains of color-sorted PET bottle bales.

desires of the beverage manufacturers

For drinks manufacturers such as Coca-Cola, Nestlé, Migros and Coop, which are due to the environmental pollution by plastic is increasingly under pressure, is such a PET-granulate is a highly sought-after raw material – was recycled this so-called rPET to 100 percent.

Polyethylene terephthalate (PET) producer Alpek said this week that it has closed on the purchase of a recycling plant in Indiana.

Speaking on the sidelines of the PLASTIMAGEN MEXICO 2019 conference here this week, a spokesman said DAK Americas closed on the purchase of Perpetual Recycling Solutions in Richmond, Indiana, on 31 January.

In January, Alpek announced the purchase of the plant, which has a capacity of 45,000 tonnes/year of high-quality recycled PET (R-PET) flakes.

Argex has continued negotiations with Hung Thinh with respect to a Joint Venture to be formed in Vietnam. Confirming contracts have proven difficult to generate because local government regulations and legal conditions are serious constraints. Periodic updates will be provided to the market as this process continues to conclusion.

“It is somewhat frustrating that getting our agreement with the top management of Hung Thinh into contract form that satisfies the regulations of local governments and conforms to the agreement reached between the parties in Singapore more than a month ago. Legal effort continues to resolve language differences in the contracts which will produce execution copies of these agreements.

At the Wood Mackenzie American Nylon Conference in Atlanta this week, INVISTA shared insights on the future growth of the nylon 6,6 value chain as well as updates on the company’s investments to bring additional adiponitrile (ADN) capacity to the market.

“INVISTA is investing billions of dollars to bring its latest ADN technology online as soon as possible at its existing facilities in addition to the new China ADN plant—all to help us meet both the short- and long-term needs of our customers and the value chains we support”

Eric Jones, managing director of commercial development for INVISTA, gave a presentation, “Supplying the Future of Nylon 6,6 Growth,” highlighting INVISTA’s perspective on the market and its strong commitment to the nylon 6,6 value chain. Jones also shared data on how the superior technical performance of nylon 6,6 will impact future growth in key sectors, including automotive, electrical and electronics applications.

In an effort to support a circular economy and save the environment, Braskem Idesa is sponsoring 15 BioBox machines at the PLASTIMAGEN MEXICO 2019 conference where attendees are able to recycle empty plastic bottles.

The idea to collect bottles stemmed from the low-waste recycling rate in Mexico, which is below 10%, representing about 10,000 tonnes of daily waste being sorted for recycling.

The BioBox project is intended to create awareness about the environment and increase recycling rates in the coming years.

The BioBox machine works like a “reversed vending machine”, which means that you deposit your empty bottle and get reward points in your account, tracked via a card or an application installed on a smart phone for use on Netflix or air time provided by other participating companies.

The BioBox machine is programmable to accept specific types and grades of plastics, and it is smart enough to reject bottles that are not empty of content.

In the case of the 15 machines placed at the PLASTIMAGEN event, they have been programmed to accept only polyethylene terephthalate (PET) bottles.

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