Polymers Petrochemicals Recycling Automotive 30-03-2019

Xenia Materials has launched the new series of Xecarb 11 short carbon-fiber filled PP grades.

Italian compounder Xenia Materials has developed a new series of short carbon-fiber filled PP thermoplastic composite grades under the XECARB 11 brand.

(The company has a partnership with PlastiComp, which was acquired last year by PolyOne, to develop innovative solutions based on PolyOne/PlastiComp’s Complēt long carbon fiber-reinforced thermoplastic composites and Xenia’s Xecarb short carbon fiber-reinforced thermoplastic composites.)

Polymers Petrochemicals Recycling Automotive

In April, Milliken & Company will begin building the largest clarifier plant in its history in Blacksburg, South Carolina. The world-class plant is due to begin operations in 2020 and will boost capacity of Milliken’s Millad® NX™ 8000 clarifier by approximately 50 percent. The expansion is needed to meet fast-growing global demand for this polypropylene additive that is helping users to realize significant sustainability and performance advantages.

“Brand owners and packaging producers are clearly seeing how Millad NX 8000 can contribute to improved environmental and manufacturing results

Saudi Aramco has agreed to purchase a 70% stake in local producer SABIC from the Public Investment Fund of Saudi Arabia in a deal valued at $69.1bn, the Saudi Arabia-headquartered oil and gas giant said on Wednesday.

The long-awaited agreement will see Aramco pay Saudi riyals (SR) 123.40 ($32.91) per share for the public investment fund’s position in the petrochemicals giant for a total of SR259.13bn. The remaining 30% of shares in SABIC are publicly traded, and Aramco has no plans to pick up those outstanding equity positions, the company added.

“SABIC will benefit from the additional scale, technology, investment potential, and growth opportunities Saudi Aramco will bring as a global leader in integrated energy and chemicals production,” said SABIC CEO Yousef Al-Benyan.

Stäubli, a leading textile machinery manufacturer, will exhibit at this year’s Techtextil in Frankfurt, informing visitors about the features, details, and advantages of the company’s latest machinery, systems and solutions for technical textiles production.

“The list of potential applications of technical textiles seems almost endless. Engineers and research institutes regularly find new and more demanding areas in which the use of textiles can lead to technical progress, weight reduction, cost savings, or other benefits,” the company reports.

After China’s Spring Festival, domestic inventories of some of the major petrochemicals continued to break historical highs, and the market as a whole operated with high inventory and low prices.

Now, traders may be looking for an upturn, but due to the slow recovery of demand, the foundations for price increases remain fragile.

Inventories are high for a range of petrochemicals, including ethylene glycol (EG), styrene, pure benzene, acetone, toluene, xylenes, methanol, acetic acid, polyolefins and more. According to ICIS inventory data, ethylene glycol, styrene, pure benzene, acetone and xylenes are typical products with high inventories.

A solvent-based process will be used to recover polymers from multilayer flexible packaging and fiber-reinforced plastics, and sorting technologies have been installed in New Zealand’s first PET recycling plant.

High-tech reclaimers partner: Circular Polymers, a California company using an advanced separation equipment to recover plastics from carpet, signed an off-take agreement with a startup commercializing a PP purification process. Circular Polymers, which was highlighted by Plastics Recycling Update in November, is producing a PP feedstock for use by PureCycle Technologies, a company that’s building a plant in southern Ohio to generate high-quality PP from post-consumer sources. PureCycle is commercializing technology developed by Procter & Gamble.

Nerves in the Turkish polyethylene (PE) and polypropylene (PP) are high ahead of Turkey’s local elections this weekend, with the lira already volatile this week.

The Turkish government has taken steps to prop up the lira by restricting trading on the offshore swap market and using its foreign currency reserves to prop up its value.

The currency has fallen from a high of TL5.33521 per US dollar on Tuesday to  TL5.65098 at the time of writing.

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The sale by the fund of 2,947,620 Aquafil shares, equal to 5.75% of the company’s capital, was realized through an accelerated order collection procedure reserved for institutional investors and was concluded at a sale price of 9, 66 euros per share.

Yesterday, the stock closed the session at € 10.50 and today is losing ground even though the overhang effect has been removed
Three Hills Capital Partners comes out of the capital of Aquafil. TH IV, a subsidiary of Three Hills Capital Partners, completed the sale of 2,947,620 Aquafil shares, equal to 5.75% of the company’s capital, which produces synthetic fibers.

The structural strength of the US economy relative to the EU, China and other countries on the global stage offers a persistent competitive advantage that can drive or support the chemical sector in the years ahead.

However, the US is certainly not immune to global headwinds, especially with its two main trading partners slowing considerably.

TruClean’s anti-static properties are demonstrated in a Unifi video.

A major consumer of U.S. PET bales has unveiled three products made with recycled polyester and nylon.

Greensboro, N.C.-based Unifi, which produces recycled fibers for use in textiles, released two recycled polyester products and one post-industrial nylon fiber product. The company launched them at the Outdoor Retailer Snow Show 2019, which was held Jan. 30 through Feb. 1, 2019 in Denver.

Unifi sells recycled polyester under the Repreve brand name to a variety of markets. The publicly traded company owns PET bottle recycling operations that produce recycled PET, some of which is sold on the market and some of which is used internally to produce Repreve.

TruClean’s anti-static properties are demonstrated in a Unifi video.

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