Crude Oil Prices Trend
-Radici in Plastindia with a wider offer
In addition to the compounds already in its catalogue, the Bergamo-based group offers the technopolymers acquired from Ester Industries, which will be produced locally in the new plant.
On the occasion of Plastindia, scheduled in New Delhi from 1 to 5 February, the Radici group takes stock of its activities in India, where it operates through RadiciGroup High Performance Polymers.
The company, which will exhibit at the Indian fair, is completing the construction of a new production plant in Halol, in the province of Gujarat, the result of the acquisition of the engineering plastics activities of Ester Industries, which took place last autumn (see article). Recyclable-Compostable-Plastic
Once completed, the factory will be equipped with compounding lines and R&D laboratories, allowing the Bergamo-based group to more closely monitor the Indian market, where it has been present with commercial structures since 2006. The Radici compounds are thus joined by the Estoplast range acquired by Ester Industries, also including flame retardant products, certified UL 94.
-Why hydrogen cars are not the answer
Imagine an electric car which has a range of 400 miles, can be refuelled almost as fast as a petrol or diesel car yet emits only water. Those are the upsides of a hydrogen fuel cell car (known as a fuel cell electric vehicle, or FCEV). So why aren’t they everywhere?
There is a dedicated core of FCEV supporters who insist that hydrogen-powered EVs are better than battery-powered EVs, and that the world is crazy for ignoring them. Unfortunately, a hydrogen fuel cell offers few advantages over a battery, with several deal-breaking disadvantages. Recyclable-Compostable-Plastic
-China’s battery maker CATL plans $3.5 billion new project
Chinese battery giant CATL plans to build a new project to recover waste batteries and make lithium materials, with investment of up to 23.8 billion yuan ($3.5 billion), the company said on Sunday. Recyclable-Compostable-Plastic
Guangdong Bangpu Recycling Technology Co Ltd – a unit of CATL – will invest and build the facilities in Foshan city in Guangdong province, CATL said in a statement.
The project will have a capacity of recovering 500,000 tonnes of waste battery materials and make lithium iron materials and other materials, the company said.
-Archroma starts the FiberColors* revolution
Pratteln, Switzerland, 26 January 2023 – With the Earth population reaching 8 billion in November 2022, the need to address the issue of textile waste becomes more critical.
According to earth.org, 92 million tons of textile waste is produced every year, a number that is expected to soar to 134 million tons by the end of the decade. Around 85% of all textiles discarded in the US are said to end up in landfills, leading to land and water pollution impacting first and foremost local communities.
-EU trade with Russia declined strongly
EU trade with Russia has been strongly affected following Russia’s invasion of Ukraine, with the EU imposing import and export restrictions on several products. The effects of these measures have been particularly visible in the latest months.
Considering seasonally adjusted values, both exports and imports dropped considerably below the levels prior to Russia’s invasion. Russia’s share in extra-EU imports fell from 6.4% to 3.8% between February 2022 and September 2022. Over the same period, extra-EU exports to Russia dropped from 2.3% to 1.1%. The EU’s trade deficit with Russia, peaked in March 2022 at €19.6 billion. It then progressively decreased and in September 2022 stood at €9.7 billion.. Recyclable-Compostable-Plastic
When looking at Russia’s share in extra-EU imports for six key products, a strong decline is visible for coal, natural gas, petroleum oil, fertilisers, and iron & steel, while for nickel the share increased slightly. In particular, the highest drops have been recorded for coal (from 45% in 2021 to 13% in the third quarter of 2022), natural gas (from 36 % to 18 %), fertilisers (from 29% to 17%) and iron & steel (from 16% to 5%).
-Dow is cutting about 2,000 jobs, or 5% of workforce
Materials science company Dow is cutting about 2,000 jobs, or approximately 5% of its global workforce, as part of an effort to reach $1 billion in cost savings this year.
The Midland, Michigan-based company currently employs approximately 37,800 people.
Dow Inc. will take a charge of $550 million to $725 million in the first quarter. This mostly includes severance and related benefit costs; costs related to exit and disposal activities and asset write-downs and write-offs. Dow did not provide specifics but said it would evaluate assets with a focus on Europe. Recyclable-Compostable-Plastic
The company also reported a fourth-quarter profit of $613 million, or 85 cents per share. Its adjusted profit was 46 cents per share, below the 57 cents per share that analysts surveyed by Zacks Investment Research were calling for.
Revenue totaled $11.86 billion, missing Wall Street’s estimate of $12.03 billion.
“In the fourth quarter, Team Dow continued to proactively navigate slowing global growth, challenging energy markets, and destocking,” Jim Fitterling, chairman and CEO, said in a statement. “In response, we shifted our focus to cash generation in the quarter as we lowered operating rates, implemented cost-savings measures, and prioritized higher-value products where demand remained resilient.
Shares fell 3% before the market open.
-Easily Recyclable and Compostable – A New Plastic With Excellent Mechanical Stability
Researchers at the University of Konstanz have developed a new plastic that is highly stable, biodegradable, and readily recyclable.
How can plastics be designed so that they maintain their useful properties while also being more easily recyclable? Chemist Stefan Mecking and his research group at the University of Konstanz are focused on studying eco-friendly solutions for plastics. In their recent paper in the international edition of Angewandte Chemie, the team introduces a new polyester that exhibits material properties that are suitable for industrial use and environmentally responsible. Recyclable-Compostable-Plastic
Normally hardly compatible
Plastics are made of long chains of one or several chemical basic modules, so-called monomers. Plastics distinguished by high crystallinity and water repellency, therefore mechanically highly resilient and stable, are widely used. A well-known example is high-density polyethylene (HDPE), whose basic modules consist of non-polar hydrocarbon molecules. What may on the one side be advantageous properties for applications can also have adverse effects: It is very energy intensive and inefficient to recycle such plastics and recover the basic modules. Also, if such plastics leak into the environment, the degradation process is extremely long.