Polymers Petrochemicals Nylon Biobased 18-03-2019 - Arhive

Polymers Polyammide Terephthalate Petrochemical Prices

Polymers Petrochemicals Nylon Biobased

Crude Oil Prices Trend

Kate Bailey who is running the Ecocycle which is a nonprofit recycling organization based in Colorado has put some light on this matter.

China has stopped accepting any plastic trash from the U.S., making the conditions worst for everybody.

All the trash which was generated went to China in order to get recycled or reused. India also imposed a ban on the acceptance of plastic trash as they are trying to reduce the pollution in their country also. India’s ban will come in the picture after August.

The U.S. has been sending the hazardous and highly contaminated waste which contributed to the pollution in other countries.

Now obviously recycling expense is increased in the U.S. and people are not ready to spend that sum of amount and they are opting to throw it in landfills.

Polymers Petrochemicals Nylon Biobased

Oil prices last week rose to 2019 highs as a result of the tightening oil market that reflects lower inventories levels with a combined fall in both crude oil and refined products, though US crude exports reached record high levels.

The Energy Information Administration (EIA) reported total US petroleum stockpiles were the lowest since December 2018; this implies that the oil market is under-supplied.

Brent crude hit $68 for the first time this year and settled at $67.16 per barrel by week closing. WTI rose to $58.52 per barrel.

OPEC is ready to produce at full capacity if the NOPEC (No Oil Producing and Exporting Cartels Act) bill is passed in Washington, an action that would likely kill the cash intensive US shale industry.

The oil minister of the UAE, Suhail al-Mazrouei, reportedly told lenders at the meeting that if the bill was made into law that made OPEC members liable to US anti-cartel legislation, the group, which is to all intents and purposes indeed a cartel, would break up and every member would boost production to its maximum.

“Namthip Thinking Water”, a leading environmentally-friendly drinking water brand by The Coca-Cola system in Thailand, on Friday launched its new brand identity with a newly designed and more transparent label.

In a press release on Friday, the company said the shade of green used for the leaf logo and cap has been changed to a darker hue to harmonise with the colour of nature. This reflects the brand’s commitment to keeping innovation and environment in mind while continuing to promote consumer engagement to help make the world a better place. Namthip maintains its use of light-weight PET that consumes 35 per cent less plastic than the previous design while remaining in line with Coca-Cola’s highest standards. The new packaging can be crushed after use in order to reduce space for the recycling process.

Stockpiling of chemicals in the UK continues as clarity on the model for Brexit remains as elusive as ever, while producers from the rest of Europe are eyeing their portfolios in light of the potential for a UK Reach regulatory system.

– Brexit date likely to be extended, but little clarity on when

– UK Reach could cause European sellers to stop exports of some products

The need to ensure stability of supply along chains spanning the UK and mainland Europe, despite any disruption that may accompany the UK’s projected 29 March departure from the EU – an outcome that seems less likely after votes in parliament this week – means that storage space is at a premium, particularly specialist warehouse space.

Eastman Chemical is eliminating jobs because of trade disputes and a slowing economy in China and Europe, the company said on Friday.

“We are operating in a difficult business environment and had hoped and expected to see stronger signs of economic recovery by now,” according to a statement from the company.

“Unfortunately, the ongoing US-China trade dispute and the associated economic slowdown in China and Europe have created tremendous uncertainty, which has resulted in reduced demand for our products.”

Eastman did not specify how many jobs would be cut or where the cuts would be made. The Tennessee-based producer said it will manage its costs on two fronts.

Upward pressure eases in Philippines while prices fall in Malaysia

Inflation is tapering off across Asia’s emerging economies as crude oil prices stabilize and the currencies of developing nations regain their footing, giving room for the region’s central banks to step back from last year’s spate of monetary tightening.

Growth in consumer prices in India and the Philippines slowed for four straight months through February on a month-to-month basis, while Malaysia saw consumer prices fall 0.7% year on year in January, the first such decline in about nine years.

Though the slowdown in inflation removes a primary motivation for raising key interest rates, it is unclear whether the current stability will last, as goods prices remain highly prone to outside factors such as fuel prices and the actions of the U.S. Federal Reserve.

U.S. President Donald Trump, who has made the U.S. economy one of his top issues, has repeatedly tweeted about oil prices and the Organization of the Petroleum Producing Countries.

He has expressed concern about higher prices, including last month and ahead of OPEC’s meeting in December.

“Americans talk a lot and I advise them to talk less. They (have) caused tensions in the oil market for over a year now and they are responsible for it, and if this trend continues, the market will be more tense,” SHANA quoted Zanganeh as saying.

When the oil price began to fall in late 2014, guided by then Saudi oil minister Ali Al Nuaimi, the producers’ organisation judged that it was time to fight a price war

As the monitoring committee meets in Baku this Monday, they will see that compliance to production cuts has been high. AFP

As the monitoring committee meets in Baku this Monday, they will see that compliance to production cuts has been high. AFP

The deal between Opec and some non-Opec states has been an impressive achievement. As the monitoring committee meets in Baku on Monday, they will find that compliance to production cuts has been high, excess stockpiles have fallen to normal levels and prices have recovered from a low of $28 per barrel in January 2016 to above $80 per barrel in November. But does the deal’s very success undermine it?

Analysts predict oil prices to rise by $5 per barrel if there was no extension on waivers

Oil prices are expected to rise by at least $5 per barrel if the US administration does not extend Iran sanction waivers granted to eight countries following the reimposition of sanctions on the Islamic Republic late last year, analysts said.

“If [US President Donald] Trump does not renew waivers and takes Iranian exports off the market, we expect oil prices to rise by approximately $5.

A final figure around this number also depends on the timing of disruptions from Venezuela,” said Jaafar Al Taie, managing director of Manaar Energy group.

Coca-Cola has admitted for the first time that it uses three million tons of plastic packaging annually.

The volume is equivalent to 108 billion 500ml plastic bottles.

The revelation was made in a report jointly compiled by a British foundation dedicated to environmental issues and the United Nations Environment Programme.

The document is based on figures reported from major European and US beverage and food makers.

The report revealed that the world’s largest food producer Nestle uses 1.7 million tons of plastics a year, while Danone uses 750,000 tons and Unilever uses 610,000 tons.

The possible legislation under the act was subject of frenzied discussion at CERAWeek

Virtual unanimity in Houston among industry representatives that NOPEC would threaten booming US oil industry

US oil industry leaders are concerned by the potential damage that could be done to their businesses if the Trump administration passes the so-called NOPEC act, opening up oil producers to legal action in the US.

An employee of the American Petroleum Institute (API), the trade organization for the US oil and gas industry, wrote: “The act’s extraterritorial overreach would harm core US economic and energy interests.”

The Karnataka Cooperative Milk Producer’s Federation (KMF) announced on Saturday that it will add PET bottles to its packaging lineup, indicating that it is tone-deaf to the debate raging over the impact of plastic on environment.

Speaking to Deccan Herald, M T Kulkarni, Director of Marketing, KMF, said the Federation has plans to package nearly all of its diary products in PET bottles in the near future. Currently, the Federation sells 38 lakh litres of milk each day through plastic sachets. With the development of a new manufacturing unit at Hassan, Kulkarni said that they will phase out sachet production by manufacturing 5 lakh PET bottles per day. The plant will be operational in July or August.

The Trump administration is considering imposing sanctions on companies from third countries that facilitate the shipment of Venezuelan oil to Cuba, a senior administration official told the Miami Herald.

“The interim president of Venezuela, Juan Guaidó, recognized by the U.S. and Europe, where most of these companies are from, has asked us to stop these shipments and we are considering everything to be supportive,” the official said.

The Venezuelan National Assembly, controlled by the opposition, agreed to suspend the shipment of crude oil to Cuba as part of a state of emergency decree approved on Monday to respond to the chaos caused by a major electrical blackout. Guaidó published on Twitter a chart estimating that the Nicolás Maduro regime sends 47,000 barrels of oil per day to Cuba, the equivalent of about $2.5 million under current world oil prices.

The world has laid the groundwork for a radical shift to a more sustainable future, where innovation will be harnessed to tackle environmental challenges, the use of throwaway plastics will be significantly reduced and development will no longer cost the earth.

After five days of talks at the Fourth UN Environment Assembly in this Kenyan capital, ministers from more than 170 UN member states on Friday delivered a bold blueprint for change, saying the world needed to speed up moves towards a new model of development in order to respect the vision laid out in the Sustainable Development Goals for 2030.

Maidenform and The LYCRA Company have partnered with Refinery29, a leading digital media and entertainment company for millennial women. The campaign, which highlights fail-safe looks, features social media influencer and model Aiyana Lewis wearing Maidenform Magic Slimming shapewear as part of a show-stopping evening outfit. Photo courtesy of Refinery29

Maidenform, America’s No. 1 shapewear brand owned by HanesBrands, in partnership with The LYCRA Company, has introduced the new Magic Slimming collection. The new shapewear provides innovative ultra-lightweight fabric, and targeted ultra-firm control powered by LYCRA ® FitSense™ technology.

Evonik A.G., a specialty chemicals company, is merging its specialty methacrylate monomers with its oil additives business to create a new oil additives business line.

“The integration just made sense since oil additives is the specialist for Polyalkylmethacrylate-based additives for the lubricant industry,” Matin Trocha, head of the application monomers product line said in a statement.

Trocha went on note that the combined businesses have a substantially larger specialty monomer production set-up, with capabilities that mesh well.


The German government has committed €40 million ($45 million) to the development of products that tackle the rise of drug-resistant bacteria.

German officials put up the money as part of their decision to join U.S. and U.K. authorities in the CARB-X partnership.

CARB-X, a global partnership against drug-resistant bacteria, is set to receive €39 million of the German money, bringing the total amount committed to the group up to €480 million.

The commitment from Germany’s Federal Ministry of Education and Research (BMBF) will support four years of antibiotic, vaccine and diagnostic early development.

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