Polymers Petrochemicals Circular Economy 29-04-2019
Crude Oil Prices Trend
The contract price of monoethylene glycol (MEG) for April in Europe was finally agreed at the level of EUR775 per tonne, which corresponds to the level of the previous month, ICIS reported.
The contract price of the MEG for February shipments was agreed on the terms of delivery FD NWE (with delivery to North-Western Europe).
On 10 February, in the Moscow Region, in the Special Economic Zone (SEZ) “Stupino Square” began construction of a plant owned by the Indian company Uflex Group, reports the press service of the SEZ.
The Russian plant Uflex Group received in the SEZ an area of 100 thousand sq. M. t (10 hectares) and plans to produce a biodegradable film that meets all modern environmental requirements, the press service of the SEZ. The opening of the plant is scheduled for 2020. By this time, about 150 jobs will be created at the plant, and investments in the project will amount to more than USD75 million.
Karl Mayer, Germany’s leading textile machinery company, will be presenting state-of-the art technology and best-of-textile solutions for warp knitting, warp preparation, and technical textiles at ITMA 2019, in stand 8.0/B107. ITMA, the leading international textiles and garment technology exhibition will be held from June 20-26, 2019, in Barcelona, Spain.
The visitors can expect a display of highly efficient, complete solutions for production, which will give them the edge over their competitors in the long term. The show includes flexible, trendsetting machines with excellent cost:benefit ratios for use in warp knitting, innovations in warp sampling, and direct warping for the warp preparation sector, a completely new machine for composite materials, and new products of the software trendsetter of the industry, KM.ON.
Eastman is hoping that the US-China trade dispute will be settled at some point in the second quarter, thus removing uncertainties over the outlook for the Chinese economy, executives of the US-headquartered specialty chemicals producer said on Friday.
Containers at the port of Qingdao, China. Source: Sipa Asia/REX/Shutterstock
The trade issues affected Eastman in the first quarter, in particular its advanced materials, fibres, and additives & functional products segments, CEO Mark Costa and CFO Curt Espeland told analysts during the company’s Q1 earnings call.
A study conducted by Exal Corp. and Boston Consulting Group shows that a majority of Americans are willing to pay more for beverages with eco-friendly packaging.
According to the report, 55% of survey participants said they are willing to pay least 5% more for beverages contained in green packaging, while 47% were willing to pay that much more for personal care products that come in environmentally friendly packaging.
Russia’s new restrictions on Ukrainian light industry imports would affect the export volume of these goods, operation of enterprises and jobs as despite export of light industry products to Russia falling by 26 per cent last year compared to 2017, it totaled $73.6 million, which was 6 per cent of the total such exports of the country, according to Ukrlegprom.
In 2018, the key groups of goods exported to Russia were knitted clothing (20.9 per cent), shoes (20.5 per cent), cotton wool and non-woven materials (17.8 per cent), synthetic and artificial fabrics (11.6 per cent), household textiles (11.4 per cent), carpets (3.3 per cent) and textile clothing (2.7 per cent), Ukrlegprom, the Ukrainian Association of enterprises of textile and leather industry, said on its website.
Tricon Energy has unveiled a new sustainability initiative called Eco-Tricon, said Pierre Baron, CEO of Tricon Do Brazil, on the sidelines of this year’s Feiplastic.
The new initiative is part of the company’s corporate social responsibility and will make several additions to the company’s operations in Brazil.
These will include monthly lectures about segregation, recycling, water pollution and contamination and the impact of plastic waste on the environment. These educational efforts will start with Tricon employees and then expand to neighbourhoods and communities.
Tricon has also introduced recycling containers in cooperation with local municipal authorities which will be placed in Tricon’s office building as well as throughout the neighbourhood.
Gerber is set to display its industry-leading, end-to-end solution to support on-demand bespoke design through production as well as mass production at Texprocess expo, in hall 4.0, stand B31. The company will also participate in the Smart Textiles Micro-Factory exhibit. Texprocess is a leading trade fair for processing textile and flexible materials.
Gerber is pioneering the end-to-end process by providing their customers with a full suite of cutting-edge solutions that increase creativity, productivity and efficiency. The 50-year-old industry leader will be showcasing how their end-to-end solutions passed a real world test as they reveal the Waldrip Collection by Gerber. The collection is a collaboration between Gerber and designer Stephanie London.
Skeleton Technologies, an Estonia-based company that produces graphene-based supercapacitors and energy storage systems, is to invest €25 million in its plant located in the German state of Saxony. With this investment, Skeleton aims to expand its research and development as well as scale its production.
Skeleton Technologies to invest €25 million in German plant
“In 2017, we announced our first stage in Saxony — €6.2 million were invested in the production of ultracapacitors in Großröhrsdorf,” Skeleton co-founder and CEO Taavi Madiberk said in a press release. “We have successfully entered the market and helped save fuel and reduce emissions from buses, trucks, railway vehicles and industrial machinery”.
The New York Times editorial board recently published an editorial bemoaning corporations’ continued interest in investing in Saudi Arabia.
The article highlighted a few reasons for Saudi Arabia’s attractiveness to foreign capital, but provided little context to those reasons, which may be why the board remains puzzled.
Here is a little more on what makes Saudi Arabia eye-catching to foreign investors.
To start with, it is instructive to see what investors think about when they consider investing in a foreign country.
There are two main questions that investors ask themselves.
The United States has announced it will not renew the exemptions given to eight countries, including India and China, that enable them to buy Iranian oil.
The United States has unnerved the world oil market by ramping up the pressure in its long-running dispute with Iran.
It has announced that, after May 1, it will not renew the exemptions given to eight countries that enable them to buy Iranian oil.
Those affected, including China, India, Japan, Italy and South Korea, will face sanctions from Washington if they do not comply.
The move will likely squeeze global oil supply at a time when it is already struggling from disruptions in Venezuela, Libya and Nigeria.
We have all seen the damage plastic waste is doing around the world – but sales of bottled water have continued to grow
For all the innovation and choice that define the food and drink industries, if you want to make money, you could do a lot worse than bung some water in a bottle and flog it.
A litre of tap water, the stuff we have ingeniously piped into our homes, costs less than half a penny.
A litre of bottled water can cost well over a pound, especially for something fancy that has been sucked through a mountain.
On Monday, in a decision that rocked oil market participants around the world, the Trump administration announced that they will not be renewing or extending oil waivers they had granted to eight counties allowing them to continue purchasing Iranian oil in reduced quantities despite U.S. sanctions.
The original six-month grace period granted by these “significant reduction exceptions” ends on May 1, and Washington is demanding that the nations previously allowed to continue buying Iranian crude immediately and unilaterally cut Tehran off.
For many, the decision came as a shock, and many nations dependent on Iranian oil are now scrambling to determine just what that means for the future.
Foreign Minister Javad Zarif tells state broadcaster that authorities are considering “numerous” options in response to U.S. ending waivers for import of oil from Iran. Meanwhile, Iran’s chief of staff says U.S. Navy has not changed its protocol regarding the now-blacklisted Revolutionary Guards.
Iran said on Sunday it could quit a treaty against the spread of nuclear weapons after the United States tightens sanctions, while an Iranian general said the U.S. Navy was interacting as before with an elite military unit blacklisted by Washington.
The Ministry of Climate Change and Environment, MOCCAE, has formed a coalition teaming up with several government and private bodies in order to advance a circular economy in the capital of the UAE.
The coalition will pilot a closed loop recycling model for plastic bottles, beverage cartons, and other packaging in Abu Dhabi.
The cooperating companies and entities include BASF, Borouge, Tetra Pak, Carrefour, Coca-Cola, Dow Chemicals, Environment Agency Abu Dhabi, Gulf Petrochemicals and Chemicals Association, McDonald’s UAE, Nestlé, Procter &Gamble, PepsiCo, Unilever and Emirates Nature – WWF.
President Elena Miroglio: we want to grow across the border. The model is the Turkish and Russian agreements
The results of the restyling and of the new openings for 430 shops. Another 120 interventions this year
The dispute with the cousins: “It is a groundless action and has no impact on operations”
Last week Miroglio Fashion, the Miroglio group company (parent company of the family) dedicated to fashion brands (from Elena Mirò to Oltre, from Motivi to Fiorella Rubino and Luisa Viola, among others) changed its CEO, with the release of Hans Hoegstedt and the entrance of Gaetano Sallorenzo.
If Hoegstedt had the task of repositioning the brands and revising the distribution structure, Sallorenzo has today instead of «transforming the structure making it leaner and accompanying brands towards greater autonomy, digitization and internationalization», says Elena Miroglio , president of Miroglio Fashion.