Petrochemicals Graphene AdipicAcid PEF 14-07-2020

Petrochemicals Graphene AdipicAcid PEF

-Iran will develop oil industry despite U.S. sanctions, Iranian oil minister says

“We will not surrender under any circumstances … We have to increase our capacity so that when necessary with full strength we can enter the market and revive our market share,” said Iranian Oil Minister Bijan Zanganeh.

Hit by reimposed U.S. sanctions since Washington exited Iran’s 2015 nuclear deal in 2018, Iran’s oil exports are estimated at 100,000 to 200,000 barrels per day, down from more than 2.5 million bpd that Iran shipped in April 2018.

The Islamic Republic’s crude production has halved to around 2 million bpd.

Petrochemicals Graphene AdipicAcid PEF

-The PEF is getting closer to a market introduction in France (French Language Only)
Launched in 2017 and coordinated by Toray Films Europe, the PEFpack project provides promising results.

If several aspects remain to be mastered, pilot productions could see the light of day in 2022. –
Polyethylene furanoate (PEF), a bio-based alternative – derived from fructose contained in wheat starch, beets or agricultural waste – to polyethylene terephthalate (PET)? The idea is gaining ground.

In any case, the intermediate results of the PEFpack project are “promising”, according to the partners of this research program.

Five industrialists

Launched in 2017 in France, the project aims to define an industrial process for the synthesis of PEF, to develop specific grades for its transformation by injection, extrusion and thermoforming, to identify the main performance requirements of applications, including barriers as well as mechanical and thermal properties, and to study its recycling. Petrochemicals Graphene AdipicAcid PEF

Coordinated by Toray Films Europe, it brings together two Lyon university laboratories, the technical center for the conservation of agricultural products (CTCPA), and four other industrialists, Ava Biochem, CGL Pack (now Faerch), Herplast and Paprec.

Petrochemicals Graphene AdipicAcid PEF

-Biodegradation and synthesis of plastics using selected enzymes and microorganisms

AIMPLAS, Plastics Technology Centre

Thanks to the advantages of plastic materials, their use has steadily increased last decades due to their enhanced properties. This fact is reflected in global polymer production, which amounted to 359 million tonnes in 2018, a 3.2% increase over the previous year. Bioplastics currently represent only 1% of all plastics produced annually, but demand is on the rise, given the many options for diversification due to the emergence of increasingly more sophisticated applications and products. According to the latest market research by European Bioplastics, in cooperation with NovaInstitute, global bioplastic production capacity is expected to grow from 2.11 million tonnes in 2019 to 2.43 million by 2024. Petrochemicals Graphene AdipicAcid PEF

However, one of the greatest challenges to face  associated with the use of plastics is environmental pollution if they are not managed properly. Because most plastics have very low biodegradation rates, they accumulate in the environment at the end of their shelf life. Many plastics also end up in landfills, since no methods are currently available for proper waste treatment and recycling.

Petrochemicals Graphene AdipicAcid PEF

-Cortec invests to close loop on its films

Plastic film producer accepts back discarded product to use in its own manufacturing process.

St. Paul, Minnesota-based Cortec Corp. says it is using up to 20 percent recycled content in the production of its vapor corrosion inhibitor (VCI) plastic film packaging. The firm says it patented the technology for making the VCI film using recycled plastic resin more than 20 years ago. Petrochemicals Graphene AdipicAcid PEF

Cortec  says it now operates “a vibrant recycling program that produces VCI film, which goes by the VpCI brand, with up to 20 percent recycled film content–a level at which Cortec says it can ensure the quality of newly made VpCI product.”

The company says it “regularly manufactures” VpCI film with 15 percent pre- and postconsumer recycled content. This level is “significantly outpacing recent American Recyclable Plastic Bag Alliance (ARPBA) milestone goals of reaching 10 percent recycled content shopping bags by 2021 and 15 percent recycled content bags by 2023,” states the firm.

Petrochemicals Graphene AdipicAcid PEF

-NRT launches color-based optical sorter with Al

The NRT ColorPlus with Max-AI combines high-resolution color and AI technologies.

Nashville, Tennessee-based National Recovery Technologies (NRT), a subsidiary of Bulk Handling Systems (BHS), Eugene, Oregon, has released the ColorPlus with Max-AI. The ColorPlus with Max-AI integrates artificial intelligence (AI) with NRT’s ColorPlus sorter. According to a news release from NRT, the additional layer of AI creates new sorting capabilities by combining the ColorPlus sorter’s high-volume and high-confidence capabilities with Max-AI’s person-like identification decisions.

The ColorPlus sorter employs a high-resolution RGB color line-scan sensor to identify and sort recyclables by color. Max-AI technology employs a camera and deep-learning-based AI to identify recyclables similar to the way a person does.

Max-AI technology, launched by BHS in 2017, is already at work in more than 100 installations, according to NRT. Petrochemicals Graphene AdipicAcid PEF

While most of these installations use the technology in collaboration with robotic sorters, the Max-AI VIS (Visual Identification System) is also installed as stand-alone equipment and has already been integrated into the NRT SpydIR with Max-AI.

Petrochemicals Graphene AdipicAcid PEF

-Canada’s Nova Chemicals and Enerkem to recycle municipal waste

Recycling municipal waste into ethylene

Two Canadian companies will collaborate on technology to close the loop on recycling and drive a plastics circular economy. Nova Chemicals Corporation, a producer of chemicals and plastic resins, and Enerkem, a waste to renewable fuels and chemicals producer, have entered into a joint development agreement to explore turning non-recyclable and non-compostable municipal waste into ethylene, a basic building block of plastics. Petrochemicals Graphene AdipicAcid PEF

Working together, the companies will research advanced recycling technology to transform hard-to-recycle municipal waste, including items such as plastics, household waste, and construction materials, into ethylene at full commercial scale. Ethylene, produced from waste, would advance a plastics circular economy and help meet consumer brand goals for recycled content in packaging.

Canada’s Nova Chemicals and Enerkem to recycle municipal waste

-China’s vehicle sales, production surge in June

China’s vehicle sales and production rose in June to the highest for the month since 2018, data from the China association of automobile manufacturers (CAAM) show.

Sales were higher by 11.6pc from a year earlier at 2.3mn in June, while production rose by 22.5pc to around 2.33mn over the same period.

The country’s January-June sales fell by 16.9pc from the year-earlier period, paring year-to-date declines of 22.6pc in May, 31.1pc in April and 43pc in March, on higher-than-expected domestic demand in response to local government stimulus measures to boost auto sales.  Petrochemicals Graphene AdipicAcid PEF

China’s January-June vehicle production also decreased by 16.8pc from a year earlier to 10.11mn.

China’s vehicle sales, production surge in June

-Europe PE margins rise on higher selling prices

Europe’s polyethylene (PE) producers’ margins increased week on week on the back of higher selling prices, although this was in part offset by a rise in feedstock costs, ICIS margin analysis showed on Monday. Petrochemicals Graphene AdipicAcid PEF

In the week to 10 July:

– Naphtha values rose by more than 6%

– LPG values increased by 2%

High density polyethylene (HDPE) contract margins rose by 2%, co-product credits increased

Europe PE margins rise on higher selling prices

-Germany passes through the deepest part of economic collapse – ministry

Germany has passed through the deepest part of the economic trough brought on by the coronavirus pandemic, the country’s economic ministry said on Monday, with activity increasing but capacity still underutilised.

The country’s key manufacturing industry increased production by 10.3% in May, month on month, driven particularly by automotive production and components, with further improvements expected for June. Petrochemicals Graphene AdipicAcid PEF

The data points to industrial production having bottomed out and starting to rebound, Germany’s Federal Ministry of Economics and Technology (BMWi) said, after a downturn that significantly pre-dated the pandemic and chilled conditions in wider eurozone manufacturing since the second half of 2019.

Stronger order books point to production increasing over the next few months, but risks still remain in terms of infection rates elsewhere, in turn  hitting demand growth from non-EU countries.

Germany passes through the deepest part of economic collapse - ministry

-Why clothes are so hard to recycle

Fast fashion is leading to a mountain of clothing being thrown away each year and has a huge impact on the environment, so can we turn our unwanted garments something useful? Petrochemicals Graphene AdipicAcid PEF

Open your wardrobe and be honest. How long was it since you last wore some of those clothes? Do you think it might be time for a clear out?

Languishing in the back of cupboards and bottom of drawers are outfits that don’t fit any more, items that have gone out of fashion, or even clothes that have never been worn. In fact, according to research conducted by sociologist Sophie Woodward at the University of Manchester, on average 12% of clothes in the wardrobes of women she studied could be considered “inactive”.

If you were brutal, you’ll probably manage to fill a bin-bag or two with clothes you no longer want or need. But what then?

-Why clothes are so hard to recycle

Petrochemicals Graphene AdipicAcid PEF

Petrochemicals Graphene AdipicAcid PHA 13-07-2020

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Petrochemicals Graphene AdipicAcid PHA 13-07-2020

Petrochemicals Graphene AdipicAcid PHA

Petrochemical Polymers PETBottles Naphtha Trend

Petrochemicals Graphene AdipicAcid PHA

Crude Oil Prices Trend  Crude Oil Prices Trend  

-New VARISORT+ sorting system from Sesotec combines sustainability and profitability

A majority of the plastic that exists will be used just once and will not be recycled. In Europe, only about 30 percent of the plastic produced in 2017 went on to be recycled.

Enormous amounts of plastic waste are disposed of in landfills or incinerators, practices that pose risks to air quality, wildlife, public health, and the food chain. On top of that, the oceans are suffering from a flood of plastics: of the estimated 150 million tons of trash floating in the world’s oceans, roughly a third of it is plastic.

In order to counteract this development and convert plastic waste into useable raw materials, the EU introduced legislation in October 2018 that requires all plastic packaging to be either reusable or easily recyclable by 2030.

As industry has begun to make adjustments to meet this 2030 deadline, the purity of recycled plastics has become a central issue. Petrochemicals Graphene AdipicAcid PHA

Recycling plant operators are having to implement preparation processes that can bring the purity of their recycled plastics up to a level suitable for reuse in food packaging and other sensitive applications. The goal is to produce recycled plastic granulate with the same quality as virgin plastics by sorting out the impurities.

Petrochemicals Graphene AdipicAcid PHA

-EPCA cancels 2020 in-person edition in Budapest

The European Petrochemical Association has formally cancelled the physical version of its 2020 edition in favour of a three-day virtual forum, the industry group confirmed on Friday.

Coronavirus pandemic-induced social distancing measures make impossible to hold such well-attended event, with the EPCA’s annual meeting  originally due to take place on 4-7 October in Budapest. Petrochemicals Graphene AdipicAcid PHA

In April, when Europe was the coronavirus pandemic’s epicentre, EPCA said it was mulling options for its annual edition.

On Friday, the industry group said due to persisting social distancing measures, the traditional format of event was not possible, creating instead the EPCA Community App for the conference attendees to still have “one-stop-shop” to be in touch and follow industry news.

Petrochemicals Graphene AdipicAcid PHA

-Air Products, Thyssenkrupp to collaborate on green hydrogen projects

Air Products says it has agreed to collaborate exclusively with Thyssenkrupp on the development of green hydrogen supplies for sustainable chemicals, transportation, and power generation projects, according to Chemweek. Petrochemicals Graphene AdipicAcid PHA

Thyssenkrupp’s subsidiary Uhde Chlorine Engineers, a leader in large-scale electrolysis plant technologies, will supply specific engineering, equipment, and technical services for water electrolysis plants to be built, owned and operated by Air Products.

The strategic agreement “is an important element of our value chain in developing, building, owning, and operating world-scale projects and supplying green hydrogen for mobility, energy and industrial applications,” says Air Products COO Samir Serhan.

Petrochemicals Graphene AdipicAcid PHA

-EU strategy places chemical industry at heart of future hydrogen economy

The European Commission’s newly-unveiled strategy to scale up renewable hydrogen projects to help meet the EU’s 2050 net-zero emissions goal places the chemical industry at the center of Europe’s future hydrogen economy, according to Cefic director general Marco Mensink, said Chemweek. Petrochemicals Graphene AdipicAcid PHA

“As one of the largest producers and consumers of hydrogen in Europe, it is a vital first step to see that these new strategies place our sector at the heart of Europe’s future hydrogen economy,” Mensink says, following the publication today of the EU’s hydrogen and energy sector integration strategies. “Next to being an alternative fuel and energy carrier, hydrogen can become an important low-carbon building block for the chemical industry’s production processes; using hydrogen as a feedstock is a viable option for our industry to reduce CO2 emissions further,” he says. The chemical sector supports the envisaged energy sector integration and is ready to share its knowledge of hydrogen production and consumption to help the commission and member states to implement the strategies, he adds.

Petrochemicals Graphene AdipicAcid PHA

-UMAC offers customers reconditioned recycling plants and components

Previously owned plastics recycling technology made by EREMA can also be used to produce stable, top-quality recycled pellets for high-quality new end products.

UMAC, a subsidiary of the EREMA Group, specialises in trading used recycling plants and components. Since the company’s founding in 2016, it has sold than 60 machines and components. Petrochemicals Graphene AdipicAcid PHA

One of them was recently delivered to Avangard Innovative’s Natura PCR recycling plant in Texas (USA).

The new recycling plant processes LDPE and LLDPE film into high-quality PCR recycled pellets. This is done by an INTAREMA 1714 TVEplus plant.

Petrochemicals Graphene AdipicAcid PHA

-US light naphtha prices hit four-month high: Update

US Gulf coast light naphtha prices rose to the highest since early March amid healthy demand, reduced refinery output and a strong pricing basis.

Light naphtha rose to 96.13¢/USG yesterday, nearly quadruple its 1 April low and the highest since 5 March. Demand has been strong from domestic gasoline blenders, particularly in the northeast. Logistical constraints have limited prompt gasoline availability in New York Harbor, which in turn raised demand for blending components like naphtha. Petrochemicals Graphene AdipicAcid PHA

The Colonial pipeline last month added segregated naphtha batches to ship the gasoline component from the Gulf coast to the Atlantic coast. However, there had not been any confirmed movement on the Colonial pipeline thus far.

Petrochemicals Graphene AdipicAcid PHA

-Libya: Haftar stipulates conditions to allow oil flow

Warlord Khalifa Haftar wants equal distribution of oil revenue and proceeds to be deposited in foreign bank

Renegade warlord Khalifa Haftar, leader of illegitimate armed militias in eastern Libya, said on Saturday that he will continue to block oil production until his conditions are accepted. Petrochemicals Graphene AdipicAcid PHA

Sharing a video message on social media, Ahmed al-Mismari, the spokesman for Haftar’s militia, while reading a written statement demanded a share in the revenue earned from oil production.

The conditions stipulated in the statement included to deposit oil revenues in the bank account located in a third country and to establish a mechanism to distribute proceeds equally. He also asked for conducting an audit of Libyan Central Bank.

Mismari said if the conditions are not met, his forces will continue to put a halt on oil production.

Libya’s National Oil Corporation (NOC) said on July 5 that it has video and sound recordings to prove that the Al-Sharara oil field has been occupied by foreign mercenaries.

Libya: Haftar stipulates conditions to allow oil flow

-Re-imposed lockdowns, rise in Covid-19 cases cast shadow on crude oil market – IEA

Re-imposed lockdowns in Latin and North America and the pandemic’s resurgence are “casting a shadow” over the outlook for global crude-oil rebalancing despite output continuing to fall at pace in June, the International Energy Agency (IEA) said on Friday.

The IEA certified that economic activity is recovering and the worst for the oil market may have passed after the historic falls in demand in April and May as up to 4bn people were placed under some sort of lockdown to contain the spread of the coronavirus.

However, the pandemic is far from over; in fact, the World Health Organization (WHO) warned on Friday it is accelerating. Petrochemicals Graphene AdipicAcid PHA

“The strong growth of new Covid-19 cases that has seen the re-imposition of lockdowns in some regions, including North and Latin America, is casting a shadow over the outlook [for the oil market],” said the IEA.

Re-imposed lockdowns, rise in Covid-19 cases cast shadow on crude oil market - IEA

-Braskem raised PE and PP prices in July

The only Brazilian producer of Braskem polyolefins increases PE and PP prices for deliveries in July amid rising quotes for raw materials, ICIS reports.

Another good reason for the growth this month was the recent appreciation of the US dollar against the Brazilian real, which led to a decrease in production profitability.

Braskem said that given previous price increases, LDPE prices rose in July by USD75 per tonne, HDPE film prices by USD113 per tonne, while HDPE prices for blow molding by USD56 per tonne. LDL prices rose by USD75 per tonne. Prices Prices for homopolymers and copolymers of PP increased by USD94 per ton. Petrochemicals Graphene AdipicAcid PHA

Economic conditions in Brazil are deteriorating as the incidence rate continues to rise. The number of people infected with coronavirus already exceeds 1.4 million and continues to grow rapidly. It is likely that the number of deaths this week will exceed 61 thousand, according to statistics from Johns Hopkins University.

Braskem raised PE and PP prices in July

Petrochemicals Graphene AdipicAcid PHA

Petrochemicals CrudeOil AdipicAcid PHA 11-07-2020

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Petrochemical Polymers PETBottles Naphtha Trend

Petrochemical Polymers PETBottles Naphtha

Petrochemical Polymers PETBottles Naphtha

Polyestertime
ITEM06/07/202013/07/2020+/-
Bottle grade PET chips domestic market5,400 yuan/ton5,300 yuan/ton-100
Bottle grade PET chips export market670 $/ton665 $/ton-5
Filament grade Semidull chips domestic market

Petrochemical Polymers PETBottles Naphtha

4,600 yuan/ton4,475 yuan/ton-125
Filament grade Bright chips domestic market4,700 yuan/ton4,575 yuan/ton-125
Pure Terephthalic Acid PTA domestic market3,575 yuan/ton3,520 yuan/ton-55
Pure Terephthalic Acid PTA export market
420 $/ton420 $/ton
Monoethyleneglycol MEG domestic market 3,510 yuan/ton3,430 yuan/ton-80
Monoethyleneglycol MEG export market422 $/ton415 $/ton--7
Paraxylene PX FOB  Taiwan market541 $/ton540 $/ton-1
Paraxylene PX FOB  Korea market523 $/ton522 $/ton-1
Paraxylene PX FOB EU market

Petrochemical Polymers PETBottles Naphtha

515 $/ton499 $/ton-16
Polyester filament POY 150D/48F domestic market5,100 yuan/ton4,900 yuan/ton
-200
Recycled Polyester filament POY  domestic market5,500 yuan/ton5,350 yuan/ton-150
Polyester filament DTY 150D/48 F domestic market6,700 yuan/ton6,600 yuan/ton-100
Polyester filament FDY 68D24F domestic market 6,350 yuan/ton6,150 yuan/ton-200
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers PETBottles Naphtha
5,500 yuan/ton5,400 yuan/ton-100
Polyester staple fiber 1.4D 38mm domestic market5,600 yuan/ton5,450 yuan/ton-150
Caprolactam CPL domestic market9,750 yuan/ton9,550 yuan/ton
-200
Caprolactam CPL overseas  market1,100 $/ton1,065 $/ton-35
Nylon6 chips overseas  market1,360 $/ton1,360 $/ton+20
Nylon6 chips conventional spinning domestic  market10,950 yuan/ton10,750 yuan/ton-200
Nylon6 chips  high speed spinning domestic  market11,150 yuan/ton10,800 yuan/ton-350
Nylon 6.6 chips domestic  market18,300 yuan/ton18,300 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers PETBottles Naphtha

13,400 yuan/ton13,150 yuan/ton-250
Nylon6 Filament DTY 70D/24F domestic  market16,150 yuan/ton15,800 yuan/ton-350
Nylon6 Filament FDY  70D/24F  domestic  market14,350 yuan/ton14,150 yuan/ton-200
Spandex 20D  domestic  market36,000 yuan/ton36,000 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market28,500 yuan/ton28,500 yuan/ton-500
Adipic Acid domestic market6,200 yuan/ton6,180 yuan/ton-20
Benzene domestic market3,300 yuan/ton3,230 yuan/ton-70
Benzene overseas  market422 $/ton415 $/ton
-7
Ethylene South East market790 $/ton750 $/ton-40
Ethylene NWE  market740 $/ton730 $/ton-10
Acrylonitrile ACN  domestic market8,100 yuan/ton7,200 yuan/ton-900
Acrylonitrile ACN  overseas market1,000 $/ton950 $/ton
Acrylic staple fiber ASF  domestic market11,500 yuan/ton11,500 yuan/ton
Viscose Staple Fiber VSF  domestic market8,500 yuan/ton8,500 yuan/ton
PP Powder domestic market7,300 yuan/ton7,500 yuan/ton+200
Naphtha overseas market 

Petrochemical Polymers PETBottles Naphtha

388 $/ton404 $/ton
+16
Phenol domestic market 6,900 yuan/ton6,175 yuan/ton-725
PS Taiwan 5250 GPPS980 $/ton 980 $/ton
PS Taiwan 8250 HIPS1,120 $/ton 1,120 $/ton
LDPE CFR Far East 922 $/ton932 $/ton+10
LLDPE CFR Far East822 $/ton832 $/ton+10
LDPE   FOB Middle East884 $/ton924 $/ton+10
LLDPE FOB Middle East814 $/ton824 $/ton+10
HDPE CFR Far East884 $/ton803894 $/ton+10
LDPE FD Northwest Europe 868 €/ton928 €/ton-+60
LLDPE FD Northwest Europe 813 €/ton873 €/ton+60
Homopolymer PP CFR Far East900 $/ton910 $/ton+10
Homopolymer PP FD NWE821 €/ton861 €/ton+40

Petrochemical Polymers PETBottles Naphtha

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Petrochemicals CrudeOil AdipicAcid PHA 11-07-2020

Petrochemicals CrudeOil AdipicAcid PHA

-Pandemic encourages Europe chems ‘never-ending’ move to specialties – bank

European chemicals “never-ending move” away from commoditised chemicals towards specialties remains the primary driver for the industry, with the coronavirus pandemic increasing the focus on the resilience of business models, analysts at Credit Suisse said on Thursday.

The majority of European chemicals firms have pushed further downstream to defend against large-scale basic chemicals capacities coming onstream in lower-priced feedstock regions.

At the same time, the weak demand brought on by the economic collapse this year has increased focus on defensive stocks.

Investors have also moved to focus on safe havens during the unrest of 2020 so far, as evidenced by the rock-bottom of even negative interest rates seen for debt issued by some mature economies, and this has continued to drive up the pricing of specialised chemicals stocks against cyclical peers.

Petrochemicals CrudeOil AdipicAcid PHA

-Carbonlite expands capacity at Dallas Plant

CarbonLITE, the world’s largest recycler of plastic beverage bottles, has expanded capacity at its Dallas plant in order to provide more recycled PET to its customers.

The company, with additional facilities in Riverside, CA and Reading, PA, collectively processes a total of over 7 billion bottles annually, producing recycled PET that is made into new bottles in a closed-loop, bottle-to-bottle system.

New equipment in the 220,000 square-foot, $62 million Dallas plant, opened in 2017, includes an additional extrusion line, a critical step in the recycling process, that has enabled CarbonLITE to increase the plant’s capacity by 20 percent.

The company’s customers include Coca-Cola, Nestle Waters North America and PepsiCo.

Petrochemicals CrudeOil AdipicAcid PHA

Petrochemicals CrudeOil AdipicAcid PHA

-Polypropylene Recycling Coalition aims to enhance circularity in US

National non-profit organisation The Recycling Partnership has launched a new industry collaboration to enhance circularity in the US.

The initiative, Polypropylene Recycling Coalition, has an initial funding target of $35m over five years. Petrochemicals CrudeOil AdipicAcid PHA

It is part of The Recycling Partnership’s Pathway to Circularity Initiative.

The industry collaboration was created to improve polypropylene recovery and recycling in the country. It is expected to support the development of the end-market of high-quality recycled polypropylene.

Keurig Dr Pepper, Braskem, and the Walmart Foundation are the founding members of the coalition.

Petrochemicals CrudeOil AdipicAcid PHA

-Reprocessors demand overhaul of ‘outdated’ PRN system

Plastics reprocessing firms across the UK have joined forces to call on the government to overhaul the “outdated” packaging recovery note (PRN) compliance system as a matter of urgency.

Firms including Bright Green Plastics, which recycles more than 40,000 tonnes of plastics waste a year, believe that the current PRN and packaging export recovery note (PERN) system will, if left unchecked, jeopardise the future of the recycling industry, make a mockery of the upcoming plastics tax, and potentially have a lasting impact on both the environment and jobs. Petrochemicals CrudeOil AdipicAcid PHA

In another body blow to the plastics reprocessing industry, due to lockdown, the price of crude oil has dropped in recent months, drastically bringing down the price of virgin plastics.

Petrochemicals CrudeOil AdipicAcid PHA

-Effort seeks to examine PET thermoform recycling

A group organized by the Foodservice Packaging Institute seeks to define the most cost-effective and practical ways to recover this material.

The Foodservice Packaging Institute (FPI) Falls Church, Virginia, has organized a group that will examine polyethylene terephthalate (PET) thermoform packaging recycling, noting that it is conducting a study on the PET thermoform packaging stream and defining the most cost-effective and practical pathways for recovery. Through the study, the group says it hopes to establish a common understanding of the most significant opportunities to increase PET thermoform recycling.

According to a report from Grand View Research, the global thermoform packaging market was estimated at $39.86 billion in 2018, growing at a compound annual growth rate of 4.7 percent from 2019 through 2025. PET accounted for the largest share in the material segment of the global thermoform packaging market in 2018. The plastic is used in cups, lids, clamshells, bowls, produce, deli, bakery and take-out containers, as well as other types of consumer packaging. Petrochemicals CrudeOil AdipicAcid PHA

Petrochemicals CrudeOil AdipicAcid PHA

-Questions & Answers: A European strategy for plastics

Why do we need a European strategy for plastics?

Plastics are everywhere but too much of it is used only once before thrown away. It ends up polluting the environment, depriving the economy of a valuable resource.

According to estimates, only 5% of the value of plastic packaging material retains in the economy, the rest is lost after a very short first-use. The annual bill accounts for between €70 and €105 billion. Europe cannot afford this.

Furthermore, unrecycled plastic takes hundreds of years to break down. The million tonnes of plastic litter that end up in the oceans every year are one of their most visible and alarming signs of the plastics problem, causing growing public concern. And with a single market for goods, this is a problem that necessarily requires a joint European response.  Petrochemicals CrudeOil AdipicAcid PHA

Questions & Answers: A European strategy for plastics

-Chemical recycling makes useful product from waste bioplastic

A faster, more efficient way of recycling plant-based “bioplastics” has been developed by a team of scientists at the Universities of Birmingham and Bath.

The team has shown how their chemical recycling method not only speeds up the process, it can also be converted into a new product — a biodegradable solvent — which can be sold for use in a wide variety of industries including cosmetics and pharmaceuticals. Petrochemicals CrudeOil AdipicAcid PHA

Bioplastics, made from polylactic acid (PLA), are becoming increasingly common in products such as disposable cups, packaging materials and even children’s toys. Typically, once they reach the end of their useful life, they are disposed of in landfill or composted, biodegrading over periods of up to several months.

Chemical recycling makes useful product from waste bioplastic

-European project to reduce marine plastic litter

A European project to develop biodegradable and biorecyclable textile fibres and coatings to be used in fishing gear and clothing has been initiated by 14 partners from nine European countries. The four-year project, Glaukos, financed with over € 4.1 million from the Bio-based Industries Joint Undertaking (BBI JU), aims to reduce marine plastic pollution. Petrochemicals CrudeOil AdipicAcid PHA

BBI JU is a public-private partnership between the European Commission (Horizon 2020 programme) and the Bio-based Industries Consortium (BIC).

Abandoned, lost or discarded fishing gear (ALDFG) accounts for about 27 per cent of all marine litter found in European oceans, the equivalent of 11.000 tons ALDFG entering the marine environment each year. Evidence has been mounting that the synthetic fibres which make up much of the clothing and fishing gear, are also a major source of textile-related microplastic pollution in marine environments. Clothes simply wear off during use and in particular during washing. It was found that in a typical wash, up to 700.000 microparticles can be released.

European project to reduce marine plastic litter

-Rialti patents compounding process

Petrochemicals CrudeOil AdipicAcid PHA

-Plastics as a materials system in a circular economy

Plastics have transformed our modern world. With a range of outstanding properties, they are used in an ever-widening range of applications. However, the linear economy of their use means that a large volume of plastics is discarded after use.

It is believed that approximately 80% of the estimated total 6.3 Bt of plastics ever produced have been discarded, representing not only a huge loss of valuable resources, but mismanaged waste is also the origin of an ever-increasing environmental disaster.

Strategies to prevent loss of materials resources and damage to the environment are elements of a circular plastics economy that aims to maintain plastics at their highest value for the longest time possible and at the same time improve the economy and prevent detrimental environmental impact.Petrochemicals CrudeOil AdipicAcid PHA

The latter in particular is driving recent changes in policies and legislation across the world that are rapidly being introduced in order to solve these environmental issues.

The achievement of a circular economy will require not only innovative technical developments, but also major economic investment and changes to business practice coupled with significant changes in social behaviour.

This paper summarizes the complex and highly interrelated technical issues and provides an overview of the major challenges, potential solutions and opportunities required to achieve and operate a circular plastics economy.

Plastics as a materials system in a circular economy

Petrochemicals CrudeOil AdipicAcid PHA

Petrochemicals CrudeOil Oxodegradable PHA 10-07-2020

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Petrochemicals CrudeOil Oxodegradable PHA 10-07-2020

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-High-tech Thermoplastics for Vehicles of the Future

Laxness

High-tech Thermoplastics for Vehicles of the Future

Lanxess will showcase motorcycle tank made from polyamide 6 as a cost-effective single-material solution, brake pedal in composite design for electric sports cars, continuous-fiber-reinforced thermoplastic composites for components in high-voltage batteries, and broad range of products for charging plugs at virtual VDI Congress.

Lanxess will have several emphases during its appearance at the VDI Congress Plastics in Automotive Engineering (PIAE), which is being held virtually due to the COVID-19 pandemic.

Petrochemicals CrudeOil Oxodegradable PHA

-Europe PE margins rise week on week on the back of higher co-product credits

Producers of polyethylene (PE) in Europe saw their margins increase week on week on the back of higher co-products values, ICIS margin analysis showed on Wednesday.

Increasing ethylene prices weighed on standalone operators, forcing margins down.

In the week to 3 July:

– Naphtha values rose by more than 2%

– LPG values fell by more than 3%  Petrochemicals CrudeOil Oxodegradable PHA

Petrochemicals CrudeOil Oxodegradable PHA

-UK’s £3bn stimulus for green policies to benefit plastics, chems – trade groups

The UK’s cabinet plans to spend £3bn in green policies announced on Wednesday could provide respite for chemicals and plastics in the wake of the pandemic-induced recession, according to trade groups.

The minister for the economy, Chancellor of the Exchequer Rishi Sunak, earmarked £2bn in grants for homeowners to increase energy efficiency.

The scheme could increase energy efficiency in more than 650,000 homes, while creating around 140,000 jobs in the sector.  Petrochemicals CrudeOil Oxodegradable PHA

Petrochemicals CrudeOil Oxodegradable PHA

-Amcor advances sustainability agenda

Amcor has published results from its latest research into consumer perceptions of sustainability and packaging.

The proprietary insights give Amcor and its customers a unique understanding of evolving preferences, including a willingness to pay more for differentiated products from top brands.

Michael Zacka, Amcor’s chief commercial officer, said consumers are increasingly making buying decisions that factor in environmental considerations and expect brands to provide more responsible packaging options. Petrochemicals CrudeOil Oxodegradable PHA

Petrochemicals CrudeOil Oxodegradable PHA

-Messe Frankfurt France to provide digital platform from September 2020

To meet the expectations and needs of all fashion industry professionals, the organiser of international textile fairs Messe Frankfurt France, and Foursource, a specialist in digital textile sourcing solutions, are launching a digital platform in the colours of The Fairyland for Fashion fairs: Apparel Sourcing, Avantex, Leatherworld, Shawls&Scarves, Texworld and Texworld Denim Paris.  Petrochemicals CrudeOil Oxodegradable PHA

The platform will enable exhibitors from Messe Frankfurt France tradeshows, textiles and clothing manufacturers, brands and accessory manufacturers to present their collections and their know-how to international buyers through a complete digital networking solution: virtual showroom, matchmaking and definition of needs. Buyers will also profit from a specific section to define their requests and build their collection based on selection criteria designed for the textile world – country, minimum quantities, type of service and certificates.

Petrochemicals CrudeOil Oxodegradable PHA

-China PFY market review in the first half of 2020

Price: descended rapidly under the pandemic and rebounded by 1,000yuan/mt driven by bottom-fishing, but the durability was limited.

Normal sales of PFY resumed lately affected by the pandemic. PFY companies were on holiday mood before late-Feb as the Spring Festival holiday was extended and many companies did not resume normal production and sales even after holiday impacted by the COVID-19.  Petrochemicals CrudeOil Oxodegradable PHA

Production successively resumed from mid-Feb, and PFY companies intensively cut price in late-Feb, but the consumption recovery of PFY was unsmooth. In addition, stocks of PFY have accumulated on extended Spring Festival holiday, and crude oil and polyester cost rapidly dipped. As a result, price of PFY continued hitting new low. The lowest price emerged in end-Mar and early-Apr. The yearly lowest trading price of POY150D was around 4,400-4,500yuan/mt, and that of FDY150D was near 4,900-5,000yuan/mt.

China PFY market review in the first half of 2020

-Europe PE buyers face large hikes in uncertain market

Polyethylene (PE) buyers face significant increases in the early stages of July discussions, although retroactive business means that final numbers will not be settled for some weeks.

The high level of uncertainty, particularly for August, has led to a wide range of views on how the market is faring.  Petrochemicals CrudeOil Oxodegradable PHA

Packaging demand has been very strong in the past three months but there are doubts as to how long this can be sustained.

The July ethylene contract rose by €84/tonne, and many buyers said they have been offered increases of €60-85/tonne, depending on the grade, the origin of material and the producer concerned.

A couple of producers were separately said to be asking for plus €100/tonne, although buyers are eyeing this target with scepticism.

Some early settlers have confirmed that they have accepted plus €80/tonne for the month, depending on the grade, size of account and seller.

Europe PE buyers face large hikes in uncertain market

-Lindner develops new Film Examiner

Lindner Washtech has launched the Film Examiner, the latest in a series of developments for PE film recycling from.

It is placed directly in front of the extrusion phase as a final process to improve the product quality. Petrochemicals CrudeOil Oxodegradable PHA

The device reliably separates small hard contamination particles which are extremely difficult to remove using traditional methods within the washing line due to their specific density and size. These include in particular rigid plastic particles of PP or HDPE, and in addition light aluminium particles and small wood flakes.

Lindner develops new Film Examiner

-Voluntary cuts push Opec June output to record low

Opec production was the lowest on record in June, when three Mideast Gulf countries made additional voluntary cuts and others improved their output restraint.

Overall group output fell by 1.82mn b/d from May to 22.28mn b/d in June, the most depleted level since Argus began keeping records in January 1998.

The decline came as Saudi Arabia, the UAE and Kuwait pledged combined extra cuts that took their respective ceilings under the Opec+ deal down to 7.49mn b/d, 2.35mn b/d and 2.09mn b/d for the month. Petrochemicals CrudeOil Oxodegradable PHA

This commitment prompted Saudi Arabia and Kuwait to interrupt production at the recently restarted offshore 300,000 b/d Khafji field in the shared Neutral Zone throughout June.

Voluntary cuts push Opec June output to record low

-Packing a sustainable punch: how Europe is forming a new relationship with plastic

Business Planet heads to Austria to see how one large family firm is attempting to turn the problem of plastic pollution from packaging into a sustainable business opportunity.

Today’s modern economy would not function without plastic, but the waste it generates has created a public backlash because of concerns over its environmental impact. Innovative ways of producing, reusing and recycling plastic are therefore needed if we are to change our relationship with this essential material.

Putting the fantastic back into plastic   Petrochemicals CrudeOil Oxodegradable PHA

ALPLA is a major converter and recycler of plastics. A global leader, the Austrian company is committed to developing innovative sustainable packaging systems. One of its core products is a bottle made from so-called PET, (polyethylene terephthalate) already recycled plastic that can be used again and again.

Packing a sustainable punch: how Europe is forming a new relationship with plastic

Petrochemicals CrudeOil Oxodegradable PHA

Petrochemicals CrudeOil Oxodegradable PX 09-07-2020

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Petrochemicals CrudeOil Oxodegradable PX 09-07-2020

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-Danone India aims to achieve 100% recyclable packaging by 2025

French dairy and nutrition company Danone has revealed its aim to make packaging in India 100% recyclable by 2025, said Packaging-gateway.

The ambition is part of the company’s ‘One Planet. One Health’ frame of action commitment. The strategic initiatives under the frame of action are intended to boost Danone’s capacity across the food supply chain.

According to the company, its One Planet. One Health agenda is based on the idea that health of people and planet are linked to each other. Additionally, the company will work on innovating and developing products and solutions to expand its portfolio to offer healthier diets that address local nutritional needs.

Danone India managing director Himanshu Bakshi said: “In today’s times, consumers are increasingly shifting their attention to healthier products and brands which have a positive impact on the environment. “At Danone, we believe that food companies have a critical role to address the ever-changing needs of the consumers and that we can change the world through food.

Petrochemicals CrudeOil Oxodegradable PX

-Thyssenkrupp to build PET plant in Turkey

German machine engineering company Thyssenkrupp Industrial Solutions said it has won an order from Turkish packaging producer Koksan Pet Packaging Ind Co to build a polyethylene terephthalate (PET) plant in Gaziantep, in the southeast of the country, said the company. Petrochemicals CrudeOil Oxodegradable PX

Thyssenkrupp will supervise the construction and commissioning of the plant and provide the main equipment, engineering works, licence and staff training, the German company said in a statement.

The plant will be built next to an existing production site built by Thyssenkrupp back in 2013. The two facilities are expected to have a production capacity of 432,000 tonnes of PET resin per year. The plant will use the Melt-To-Resin (MTR) process patented by Thyssenkrupp’s subsidiary Uhde Inventa Fischer to produce various grades of resin.

Completion and commissioning are planned for 2022. The value of the contract remained undisclosed.

Petrochemicals CrudeOil Oxodegradable PX

-What next for PepsiCo’s sustainability drive?

st week, PepsiCo released its 2019 sustainability report, in which it highlights the progress it is making in the fields of carbon reduction and circularity. Fin Slater spoke with Archana Jagannathan, senior director for packaging sustainability in Europe, to unpack the key findings of the report, and discover what they mean for the future of the company. Petrochemicals CrudeOil Oxodegradable PX

From carbon emissions to rPET usage, PepsiCo has set ambitious sustainability goals across a variety of sectors. What is motivating your company to identify and implement these changes?

As a large, global business, we know we have a responsibility to use our scale and reach to reduce our impact on the environment while also helping others do the same. We all need to do our part to help bring about a sustainable food system. What’s more, the success of our company and the protection of our environment go hand-in-hand, so a focus on sustainability will always be a core part of our business strategy.

Petrochemicals CrudeOil Oxodegradable PX

-Evian’s new 100% recycled plastic bottle comes without a label

The bottle, which has the brand name engraved onto the recycled plastic, is part of Evian’s effort to become fully circular by 2025.

When a plastic bottle ends up in a recycling plant, the label attached to it usually isn’t recycled. That’s why a new bottle from Evian was designed to eliminate the label entirely, with the brand name and other details carved into the bottle itself.

“The benefit of being label-free is that our new bottle is a circular packaging solution, meaning there is no waste and all plastic is kept in the economy,” says Shweta Harit, global brand vice president at Evian. The brand is aiming to become fully “circular,” with the goal that all of its bottles will be made from 100% recycled plastic, by 2025. Ultimately, it wants every bottle it makes to end up back in the recycling system in a closed loop.  Petrochemicals CrudeOil Oxodegradable PX

Petrochemicals CrudeOil Oxodegradable PX

-Julius Group, Noble Biomaterials to make antiviral PPE

Julius Group, an innovative manufacturer that combines the latest technologies with heritage craftsmanship to produce gloves and fashion accessories, and Noble Biomaterials, leader in antimicrobial and conductivity solutions for soft-surface applications, have joined hands to produce reusable antiviral/antibacterial gloves and masks for consumer use.

In a strategic partnership, Julius Group will manufacture PPE using Noble Biomaterials’ powerful Ionic+ antimicrobial technology.  Petrochemicals CrudeOil Oxodegradable PX

The reusable antimicrobial gloves and masks will be made with fabric that incorporates 99.9 per cent pure silver, which provides a drastic reduction in virus infectivity on soft surfaces. These consumer products will be released through InnoTier, a company recently launched by Julius Group. InnoTier is an innovation-driven company with a mission to develop products that help people live a more sustainable life.

Petrochemicals CrudeOil Oxodegradable PX

-Biesterfeld and SK Chemicals extend partnership to the cosmetic packaging segment

Biesterfeld Plastic and SK Chemicals are extending their long-term strategic partnership to target the cosmetic packaging segment.

With effect from 1 August 2020, a new distribution agreement is in force between the partners, which now also includes the distribution of copolyesters from SK Chemicals within the cosmetic packaging market segment.  Petrochemicals CrudeOil Oxodegradable PX

This new agreement means that Biesterfeld now holds the distributions rights for all segments of SK Chemicals’ copolyester business in Europe, Brazil and North Africa.

Biesterfeld and SK Chemicals extend partnership to the cosmetic packaging segment

-Veolia launches new plastic recycling report highlighting key role of plastic recycling in achieving carbon net zero targets

Commissioned by Veolia and published by Imperial College, a new report titled ‘Examining material evidence – the carbon fingerprint’, highlights the importance of plastic as a material compared to alternatives when examining the carbon emissions.

The report analysed over 70 life-cycle assessments to evaluate the environmental impacts of packaging alternatives over their life-time, including impacts from mining, manufacturing, logistics, usage and end-of-life management covering recycling or disposal. Petrochemicals CrudeOil Oxodegradable PX

Veolia launches new plastic recycling report highlighting key role of plastic recycling in achieving carbon net zero targets

-Rudolf Group unveils antiviral solution for textiles

Germany-based Rudolf Group has unveiled RUCO-BAC AGP—the fast-acting, all-in-one, highly durable antibacterial and antiviral solution for textiles. RUCO-BAC AGP, the company’s flagship antimicrobial product for textile applications, is marketed in India by Rudolf Atul Chemicals Ltd (RACL), a joint venture company of Rudolf GmbH and Atul Limited.  Petrochemicals CrudeOil Oxodegradable PX

“As a consequence of the COVID-19 pandemic, the demand for chemical auxiliaries with antimicrobial effect has significantly increased. Rudolf Group has invested important resources in the meticulous assessment of a new antiviral feature which is now added to one of its leading technologies. The effort returned the surprisingly fast and most comprehensive antibacterial and antiviral textile finishing on the market: RUCO-BAC AGP,” RACL said in a press release.

The powerful antimicrobial effectiveness of RUCO-BAC AGP is rooted in the extraordinary properties of silver, whose antimicrobial magic is lost in the mists of time.

Rudolf Group unveils antiviral solution for textiles

-Pakistan Synthetics Limited

Pakistan Synthetics Limited (PSX: PSYL) was established in 1984 as a private limited company. Three years later, in 1987 it converted into a public limited company.

The company is in the business of manufacturing and selling plastic and crown caps and Polyester Staple Fibre. Petrochemicals CrudeOil Oxodegradable PX

In the recent past the company decided to convert the polyester staple fibre manufacturing plant into a PET resin manufacturing plant, due to depressed market situation of the former.

Pakistan Synthetics Limited

-SULZER TO PROVIDE DISTILLATION COLUMN TECHNOLOGIES FOR DANGOTE REFINERY

Sulzer Chemtech (Winterthur, Swirzerland) has been selected as the sole supplier of column internals, packings and trays for the Dangote integrated oil refinery and petrochemical complex in Lekki Free Trade Zone, near Lagos, Nigeria. These key pieces of equipment will play an important role in what is expected to become the world’s largest single-train crude distillation facility. Petrochemicals CrudeOil Oxodegradable PX

Dangote Group is undertaking an ambitious project to build a grassroots refinery complex able to process 650,000 barrels of crude oil per day.

SULZER TO PROVIDE DISTILLATION COLUMN TECHNOLOGIES FOR DANGOTE REFINERY

Petrochemicals CrudeOil Oxodegradable PX

Petrochemicals CrudeOil Oxodegradable PA 08-07-2020

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Petrochemicals CrudeOil Oxodegradable PA 08-07-2020

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-Chinese industry federation joins the Alliance to End Plastic Waste

The Alliance to End Plastic Waste (the Alliance) today announced a strategic partnership with China Petroleum and Chemical Industry Federation (CPCIF) to jointly promote the reduction and elimination of plastic waste in the natural environment in China, said Endplasticwaste..

The new partnership will bring together the Alliance’s 47 leading global member companies and the strengths of CPCIF to jointly formulate a strategic approach to identify and collaboratively implement local solutions in China to address the plastic waste challenge.

“No one country, company or community can solve the plastic waste challenge on their own. The Alliance believes in the collaboration of governments through public-private partnerships and long term commitment focused on acting locally through projects that address a city’s specific challenges,” said Jacob Duer, President and CEO, Alliance to End Plastic Waste. “We are excited to have CPCIF as our partner and endeavour to make a meaningful and valuable contribution to China’s national effort to eliminate plastic waste from leaking into the environment.”

Petrochemicals CrudeOil Oxodegradable PA

-ExxonMobil expects lower prices, margins to hit second-quarter results

ExxonMobil says lower oil and gas prices could negatively impact its upstream earnings in the second quarter by up to USD3.1 billion compared to the first quarter of 2020, while its chemical segment earnings will be relatively stable, according to Chemweek.

The company advises in a US regulatory filing that the quarter-on-quarter change in chemical margins in the second quarter could impact its chemical segment earnings within a range of plus or minus USD100 million. It also gave the same financial range for the estimated effects of planned changes in scheduled maintenance on the chemicals business. ExxonMobil’s chemicals segment in May reported first-quarter earnings of USD144 million, down 72% year on year (YOY).

Lower refining margins could also hit its downstream earnings by up to USD900 million, according to the filing. In the first quarter ExxonMobil reported a downstream profit of USD1.3 billion.

Petrochemicals CrudeOil Oxodegradable PA

-Pertamina to resume production at PP unit in Indonesia after unplanned outage

Pertamina is in plans to bring on-stream its polypropylene (PP) unit early this week, according to Apic-online.

The company undertook an unplanned shutdown at the unit on June 26, 2020, following an unspecified technical glitch at the upstream RFCC unit that causes a disruption of the propylene feeds. Thus, the unit is to remain shut for around 10-12 days.

Located in Plaju, Indonesia, the PP unit has a production capacity of 45,000 mt/year.

As MRC informed earlier, in May 2016, PT Pertamina and Russia’s Rosneft OAO signed a cooperation agreement that includes a plan to build a new oil refinery in the Southeast Asian nation. Pertamina, which hasn’t built a new refinery since 1997, will be the majority shareholder in the facility at Tuban, East Java. The two companies may invest USD12 billion to USD13 billion in the refinery project which includes a petrochemical unit, Dwi Soetjipto, president director of Pertamina, told a press conference after signing the accord.

Petrochemicals CrudeOil Oxodegradable PA

-Brüggemann announces new heat stabilizers to overcome performance limits of polyamides

Brüggemann has added BRUGGOLEN TP-H1607 and BRUGGOLEN TP-H1805 to its extensive additive portfolio for polyamides.

These newly developed antioxidant blends allow polyamide materials to exceed current performance limits and offer exciting opportunities for the compounding industry.

BRUGGOLEN TP-H1607 is a proprietary copper based stabilizer package which significantly extends long term mechanical property retention of polyamides to limits unmatched by existing classic copper salt based anti-oxidants.

Petrochemicals CrudeOil Oxodegradable PA

-KraussMaffei opts against the familiar and usual active participation in FAKUMA 2020

KraussMaffei has announced it is opting against the familiar and usual active participation in FAKUMA 2020 trade fair, should the event take place.

This is due to the ongoing situation surrounding the new Corona virus (SARS-CoV-2) and its adverse effects on daily life and business.

The company says for KraussMaffei, the FAKUMA is one of the most important platforms for showcasing new products, solutions and services for the plastics industry, as well as for meeting existing and prospect customers.

However, even under the conditions of strict hygiene and safety measures, KraussMaffei does see no viable way to offer its customers and service providers a satisfactory trade show experience. Unfortunately, the risk of infection, present for all attendees including our employees, could not be eliminated.

Petrochemicals CrudeOil Oxodegradable PA

-European automotive recovery a distant prospect

While there is some discussion of a V- or U-shaped recovery for some sectors of the global economy in the latter part of 2020, this remains far off on the horizon for the automotive industry.

The sector is in worse shape than many others in the wake of the pandemic, and slower production levels, higher unemployment and weaker demand are propelling each other in a vicious circle and acting as a drag on the market.

Output levels have continued to track down and show no signs of stopping. The most recent data from the European Automobile Association (ACEA) shows that total registration of new vehicles in May dropped 44.4% from the previous year.

Petrochemicals CrudeOil Oxodegradable PA

-Asia naphtha poised to stay afloat on demand support; margins up

Asia naphtha markets are poised to stay buoyant on steady end-user demand that could keep spot cargo premiums and prices afloat, even as rising coronavirus cases in the world rattle fuel demand.

Open-specification naphtha prices for second-half August delivery averaged at around $421.25/tonne CFR (cost and freight) at noon session in Asia, little changed from 6 July after prices gained 4% from the previous close.

Spot prices are at their highest in four months at above $400/tonne CFR Japan, since early-March, ICIS data shows.

Asia naphtha poised to stay afloat on demand support; margins up

-Europe ethanol, IPA, PMMA sheets are bright spots in gloomy coronavirus world

Before coronavirus hit Europe in earnest, officials advised that effective hand washing and common sense could avoid an epidemic in the region.

Four months later and with some European countries’ health systems unable to cope at the peak of the pandemic, the hand washing mantra was unable to avoid the worst but it did strike a chord among consumers.

Since March, Europeans have flocked en-masse to buy hand sanitizers, in turn making one of its components, ethanol, one of the few stars to shine in the gloomy European petrochemicals markets.

Unprecedented demand outstripping supply caused a spike in prices, and the European traditional ethanol market, consisting of industrial 99% and beverage 96% grades, is anticipated to remain critically tight for the remainder of 2020.

Europe ethanol, IPA, PMMA sheets are bright spots in gloomy coronavirus world

-Clariant catalyst helps Duslo turn plastic waste into high-quality winter diesel

Clariant and Duslo’s research institute VUCHT are transforming waste into wealth. Using a proprietary technique and Clariant’s HYDEX E next-generation hydro-dewaxing catalyst, VUCHT has successfully converted plastic waste into premium winter fuel distillate, according to Hydrocarbonprocessing.

The efficacy of this groundbreaking process has now been proven in a pilot plant in Slovakia. As plastics and fuels are both mainly composed of natural gas or crude oil, turning one into the other has major implications for sustainable and lucrative fuel production.

Stefan Heuser, Senior Vice President & General Manager at Clariant Catalysts: “Upgrading gas oil fractions to more valuable products has become essential for improving refinery economics. Clariant is committed to supporting this customer need through innovations such as HYDEX E. We are honored to partner with VUCHT in their pioneering plastic waste-to-winter diesel technology, and very pleased about the outstanding performance of our next-generation catalyst in the process.”

Clariant catalyst helps Duslo turn plastic waste into high-quality winter diesel

-The Next, ‘Natural’ Evolution in Thermoplastic Expandable Microspheres

Thermoplastic expandable microspheres (TEMS), launched in the early 1980s, are spherical particles that consist of a polymer shell that encapsulates gas. They are, in a sense, micro “balloons,” and upon heating, a tremendous volume and density change takes place.

This feature is a consequence of the tailor-made combination of:

  1. A thermoplastic shell softening at the glass transition temperature, and
  2. a blowing agent with a suitable boiling point (normally a hydrocarbon) simultaneously expanding when heated that, in turn, puts pressure on the shell walls. When inflated, this dramatic increase in volume of the microsphere makes it a great blowing agent, a filler providing surface effects, performance flexibility, and weight reduction.

TEMS are used in food packaging, elastomeric cool roof coatings, shoe soles, fiber and paper board, various applications in the automotive industry, and in products such as sealants, putties, and artificial marble. By combining monomers into various copolymers and the right blowing agent(s), expansion windows from 50° to 300°C can be achieved. Most commercially applicable products, however, expand around 100° to 200°C.

The Next, ‘Natural’ Evolution in Thermoplastic Expandable Microspheres

Petrochemicals CrudeOil Oxodegradable PA

Petrochemicals Naphtha Oxodegradable PA 07-07-2020

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Petrochemicals Naphtha Oxodegradable PA 07-07-2020

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-Encina finds the future of BTX in plastic waste

Encina (The Woodlands, Texas) was founded to produce benzene, toluene, and xylenes (BTX) from coal, but the company made a sharp change in direction last October after discovering that an alternative feedstock—plastic waste—dramatically improved the economics of its process. Advanced plans to build a coal-based facility in Wyoming have since been scrapped, and Encina will soon announce the location for a $255-million, 100,000-metric tons/year plastics-to-BTX facility. Construction is slated to begin during the first quarter of 2021, and additional plants are in the pipeline.

“Our business plan is to have at least five operating facilities with expansion capabilities [located] globally to tackle the plastic problem,” says David Schwedel, founder and executive director. “We’re looking to do an IPO in about two years, and we’re positioning ourselves to be the go-to waste-plastics-to-chemical/fuels company in the world. That is our focus.”

Petrochemicals Naphtha Oxodegradable PA

-Agilyx Launches Feedstock Management Company Cyclyx International

Chemical recycling “pioneer” Agilyx Corp. announced that it is leveraging its existing post-use plastic feedstock management system to create a new subsidiary company, Cyclyx International Inc. The overarching goal of Cyclyx is to dramatically increase the recyclability of post-use plastics with a priority on fully circular pathways.

Cyclyx also will assist in the development of new supply chains that will aggregate and preprocess larger volumes of post-use plastics than current systems can support.

Agilyx has expertise in converting difficult-to-recycle post-use plastic waste streams into a variety of products, including circular virgin-like plastics, chemical intermediates, and fuels. Petrochemicals Naphtha Oxodegradable PA

Over the past 16 years, through extensive research and commercial operations, Agilyx claims to have developed the industry’s largest database and predictive analytics around the chemical complexity embedded in waste plastics.

Petrochemicals Naphtha Oxodegradable PA

-Eastman introduces Tritan™ Renew

Global specialty plastics provider Eastman introduces Tritan™ Renew copolyester. Tritan Renew offers sustainability, providing the same durability, performance and safety of original Tritan but now with up to 50% recycled content derived from waste plastic.

Eastman will produce Tritan Renew with its innovative Advanced Circular Recycling technologies that use recycled plastic as a raw material, reduce consumption of fossil fuel and have lower greenhouse gas footprints.

“Tritan Renew is a significant step forward for Eastman as the first product to market using molecular recycling made possible by Eastman’s Advanced Circular Recycling technologies. Petrochemicals Naphtha Oxodegradable PA

Petrochemicals Naphtha Oxodegradable PA

-Thailand announces newly-created National Nonwovens Fabrics Association

The Thai Nonwoven Fabrics Industry Trade Association (TNFA) has now been officially registered in Thailand, effective from March 25, 2020.

With Thailand a major hub in ASEAN for nonwovens production and usage, this is a very opportune time for TNFA to have created an association of Thai nonwoven companies to come together and provide equipment, products and services for domestic consumption as well as throughout ASEAN and  globally, to service the Disposable Hygiene, Medical, Automotive, Tissue Paper and Packaging sectors.

According to Niwat Lersnimitthum, Chairman of TNFA, “The association will seek to work with other global nonwovens associations, companies, suppliers and distributors that produce equipment, and products, covering the full supply chain for nonwovens from raw material to finished product, to distribution.” Petrochemicals Naphtha Oxodegradable PA

Petrochemicals Naphtha Oxodegradable PA

-Flexible Material Shows Potential For Use In Fabrics To Heat, Cool

A film made of tiny carbon nanotubes (CNT) may be a key material in developing clothing that can heat or cool the wearer on demand.

A new North Carolina State University study finds that the CNT film has a combination of thermal, electrical and physical properties that make it an appealing candidate for next-generation smart fabrics. Petrochemicals Naphtha Oxodegradable PA

The researchers were also able to optimize the thermal and electrical properties of the material, allowing the material to retain its desirable properties even when exposed to air for many weeks.

Moreover, these properties were achieved using processes that were relatively simple and did not need excessively high temperatures.

Petrochemicals Naphtha Oxodegradable PA

-Anellotech receives funding from Japanese consortium to advance plastics-recycling technology

Anellotech, Inc. has announced that R Plus Japan Ltd., a new joint venture company, will invest in the development of Anellotech’s Plas-TCat technology for recycling used plastics. R Plus Japan was established by 12 cross-industry partners within the Japanese plastics supply chain. Member partners include Suntory MONOZUKURI Expert Ltd. (SME, a subsidiary of Suntory Holdings Ltd.), TOYOBO Co. Ltd., Rengo Co. Ltd., Toyo Seikan Group Holdings Ltd., J&T Recycling Corporation, Asahi Group Holdings Ltd., Iwatani Corporation, Dai Nippon Printing Co. Ltd., Toppan Printing Co. Ltd., Fuji Seal International Inc., Hokkaican Co. Ltd., Yoshino Kogyosho Co. Ltd..

Many plastic packaging materials are unable to be recycled and are instead thrown away after a single use, often landfilled, incinerated, or littered, polluting land and oceans. Unlike the existing multi-step processes which first liquefy plastic waste back into low value “synthetic oil” intermediate products, Anellotech’s Plas- TCat chemical recycling technology uses a one-step thermal-catalytic process to convert single-use plastics directly into basic chemicals such as benzene, toluene, xylenes (BTX), ethylene, and propylene, which can then be used to make new plastics.

The technology’s process efficiency has the potential to significantly reduce CO2 emissions and energy consumption. Once utilized across the industry, this technology will be able to more efficiently recycle single-use plastic, one of the world’s most urgent challenges. Petrochemicals Naphtha Oxodegradable PA

Anellotech receives funding from Japanese consortium to advance plastics-recycling technology

-HeiQ Viroblock Certified as Cosmetic Grade and Bio-based Renewable

Textile innovator HeiQ’s antiviral textile technology, HeiQ Viroblock NPJ03, has been certified as safe and sustainable as all its ingredients are cosmetic grade, bio-based, and recycled. Petrochemicals Naphtha Oxodegradable PA

Leading the international textile industry to fight the COVID-19 pandemic, HeiQ recently launched HeiQ Viroblock NPJ03, an antiviral and antibacterial textile treatment proven to reduce 99.99% of human coronavirus SARS-CoV-2, the virus that causes COVID-19, along with other enveloped viruses and bacteria.

Viruses and bacteria can remain infective on textile surfaces for days. Human Coronavirus SARS-CoV persist for up to 2 days on surgical gowns[1] at room temperature. Antiviral treatments for textiles contribute to more hygienic and safer textile products and can help mitigate the risk of contamination and transmission.

HeiQ Viroblock Certified as Cosmetic Grade and Bio-based Renewable

-Who won the previous round of the oil price war?

Some are now asserting that China — the world’s largest crude importer — emerged victorious at the expense of major global crude oil producers.

The battle erupted in March when Russia declined to give in to the Saudi demand to cut output further. Yet, the very next month, US President Donald Trump intervened directly and the battle had to be abandoned. But by the time, the damage had already been done. Petrochemicals Naphtha Oxodegradable PA

The cost was immense to major stakeholders, Saudi Arabia, Russia, and the United States. They emerged badly bruised.
Who won the previous round of the oil price war

-Saying sayonara to single-use plastic bottles

When I was stationed in Los Angeles, I got into the habit of filling up a bottle with tap water. I took my bottle everywhere, sipping on it throughout the day. Refilling was easy; there are plenty of water fountains in environmentally conscious California. And while I knew this wasn’t the case everywhere, it has still been a shock to return to Tokyo and see how few refilling options there are. Things are only getting more difficult as water fountains are becoming increasingly rare in the city.Petrochemicals Naphtha Oxodegradable PA

Tokyo Metro, which runs the city’s sprawling private subway system, says there were 198 water fountains in its stations in 2015. Just five years later, there are none. The famous Yamanote Line, which makes 30 stops in central Tokyo, does not have a single water fountain, with the last remaining one in Tokyo Station being removed last September.

Saying sayonara to single-use plastic bottles

-Chinese imports threaten Surat’s nylon yarn spinners

More than the coronavirus pandemic, the local nylon spinning industry is facing a severe threat from China. Along with the sharp fall in demand and with powerloom units still to restart, the existence of Surat’s nylon yarn spinning industry is being threatened by yarn imported from China.Petrochemicals Naphtha Oxodegradable PA

In Surat, the nylon yarn manufacturing units employ about 10,000 workers and give indirect employment to over 50,000 people. Of the 16 nylon spinning factories in the country, 10 units are in and around Surat, contributing about 90% of India’s nylon yarn production. However, despite strong sentiments in favour of ‘vocal for local’ and ‘boycott China’ campaigns, manufacturing in the Rs 3,500 crore nylon yarn industry in Surat has dropped from 12,000 metric tonnes per month to 2,000 metric tonnes post-lockdown.

Chinese imports threaten Surat’s nylon yarn spinners

Petrochemicals Naphtha Oxodegradable PA

Petrochemicals Naphtha Oxodegradable PP 06-07-2020

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Petrochemicals Naphtha Oxodegradable PP 06-07-2020

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Crude Oil Prices Trend

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Petrochemicals Naphtha Oxodegradable PP

-L’Oreal aims to use recycled plastics and renewable energy only by 2030

The cosmetics group has revealed new 10-year sustainability targets

Cosmetics giant L’Oreal has outlined its environmental ambitions for the next 10 years.

The company plans to use 100 per cent renewable energy by 2025 and aims to use entirely recycled or bio-based plastic for packaging by 2030.

And, by 2030 the company said the greenhouse gas emissions of each finished product will be reduced by 50 per cent (when compared to 2016 rates).

L’Oreal owns hundreds of brands such as Lancome, Kiehl’s, Garnier, Essie, Shu Uemura, YSL beauty, Giorgio Armani beauty, NYX and Maybelline.

L’Oreal heiress Françoise Bettencourt Meyers is the richest woman in the world. She has a reported net worth of $58.6 billion.  Petrochemicals Naphtha Oxodegradable PP

Petrochemicals Naphtha Oxodegradable PP

-Non-stop cycling fun with airless tire inserts

Flat tires are now a thing of the past

Air Fom makes use of expanded TPU from Covestro

When the tyre is flat, cycling is no longer much fun. Taiwanese company Air Fom offers a solution for deflated tyres that are instead inflated with expanded TPU from Covestro.

The warmer weather and more relaxed corona restrictions are drawing people outside – and more and more of them onto their bikes. There are plenty of reasons for this: exercise and fitness, fresh air and the opportunity to get out of the house or to avoid having to wear masks on public transport. Petrochemicals Naphtha Oxodegradable PP

Going shopping by bike or exploring one’s surroundings could be a joy if it weren’t for the many stones, shards of glass, nails and other sharp objects that will turn a perfectly good tire into a flat mess. The Taiwanese company Air Fom is now offering a patented solution for airless tires that overcomes the drawbacks of previous airless products. It is based on an expanded thermoplastic polyurethane (eTPU) from Covestro.

Non-stop cycling fun with airless tire inserts

-Germany’s automobile production to fall 25% in 2020 – trade group

Germany’s auto production is expected to fall 25% to 3.5m units this year, and domestic new-car registrations are expected down 23% to 2.8m, the country’s auto industry trade group VDA said in a forecast on Friday.

While production and domestic new-car sales would recover in the second half, the recovery would not come “even close to offsetting the unprecedented collapse” in H1 caused by the coronavirus pandemic, the group said.

Full-year 2019 registrations stood at 3.61m and production was 4.66m, according to VDA’s website. Petrochemicals Naphtha Oxodegradable PP

Despite the sharp production decline, Germany’s auto industry employment is currently down only 3% year on year to 814,000, the group said.

Petrochemicals Naphtha Oxodegradable PP

-Oil Prices Fall As Demand Outlook Worsens In U.S.

Oil prices fell early on Friday amid surging new coronavirus infections in the United States, which had market participants worried about the U.S. oil demand recovery trend.

As of 9:20 a.m. EDT on Friday, WTI Crude was down 1.28 percent at $40.13, and Brent Crude traded down 1.23 percent at $42.61. Prices recovered somewhat later in the afternoon but were still trading about 1% off. Petrochemicals Naphtha Oxodegradable PP

Oil prices were still headed for a weekly gain this week as low supply from OPEC, encouraging economic data from the U.S. and China, and a drop in U.S. commercial inventories had supported prices earlier this week.

However, the U.S. reported on Thursday its highest level of new daily coronavirus cases so far—at more than 55,000, raising fears that a surge in infections will dent the gradual oil demand recovery in America, which consumers 20 percent of the world’s daily oil supply.

Petrochemicals Naphtha Oxodegradable PP

-Losing The Thread | Textiles

India’s textile sector has a long way to go before it achieves economies of scale to challenge China’s dominance in world markets.

Once dubbed ‘Manchester of the East’, the textile town of Bhiwandi in Thane district, 40 km north of Mumbai, is today reeling under competition from the 25-30 per cent cheaper Chinese fabric. Ask Sharadram Sejpal, 58, a powerloom owner here and spokesperson of the Bhiwandi Powerloom Association, why they can’t match Chinese pricing and he says: “Electricity is costlier here and taxes are high.” Ironically, 90 per cent of the powerlooms in India are cheap imports from China.

Over and above the cheap looms that sustain small loom owners such as Sejpal, India is dependent on China right across the entire textile value chain, starting with raw materials for textile production, the synthetic yarn, the fabric and even the final product, be it garments or home textiles. Petrochemicals Naphtha Oxodegradable PP

Petrochemicals Naphtha Oxodegradable PP

-GCC PE, PP July offers rise on tight supply, Asia market uptrend

Polyolefin offers for July-lifting cargoes in the Gulf Cooperation Council (GCC) region have increased on the back of tight supply and recent uptrend in Asian markets.

Offers for July lots of both polyethylene (PE) and polypropylene (PP) spiked compared from June deals amid limited supply in the Middle East.

High density PE (HDPE) film offers rose to $860-930/tonne DEL (delivered) GCC, up by $70-90/tonne from June trade levels. Petrochemicals Naphtha Oxodegradable PP

Strong demand for HDPE pipe demand was also curbing film availability.

Offers for low density PE (LDPE) film rose by $40-50/tonne to $890-950/tonne DEL GCC; while those for linear low density PE (LLDPE) film increased by $20-50/tonne to $840-880/tonne DEL GCC.

GCC PE, PP July offers rise on tight supply, Asia market uptrend

-Trinseo announces 2030 Sustainability Goals

Trinseo has announced its 2030 Sustainability Goals.

Reaching a milestone celebrating its 10th anniversary this year, Trinseo believes it is high time to embark on an ambitious, measurable, and achievable longer-term sustainability journey. Petrochemicals Naphtha Oxodegradable PP

This ambitious plan includes 15 long-term goals under five main categories that target climate change, sustainable products, supplier responsibility, responsible operations, and sustainable workforce. These goals were created, in part, from a critical assessment of the Company’s capabilities as well as valuable feedback from customers and suppliers.

“Given the many challenges our industry and society face, we believe that we must strive to be a driver of sustainable solutions,” said Walter van het Hof, Global Industry Affairs & Sustainability Leader, Trinseo.

Trinseo announces 2030 Sustainability Goals

-HDPE uptrend may restrict in July

The first half of 2020 has come to an end, PE market has fluctuated dramatically during the past six months. Judging from the current situation, the market has entered a relatively stable period in the high position, it is because the demand is very good, the inventory is not high, and the market rarely shows a significant retreat. However, as the price itself has risen much higher than the low point, the market is hard to move higher. In terms of HDPE, this phenomenon is particularly obvious.

In the current HDPE, the prices of most products have risen to more than 7,500yuan/mt except few relatively low-end products.

Among them, since the demand for infrastructure has been good, market price the mainstream of pipe has been at above 8,000yuan/mt; other products such as film, blow-molding, and homo PP raffia have also risen to between 7,500-8,000yuan/mt due to recent import shipping problems. From the point of view of the whole HDPE, only injection is left, which still hovering around 7,000yuan/mt, but the general trend is also upward under the influence of other products. Petrochemicals Naphtha Oxodegradable PP

HDPE uptrend may restrict in JulyHDPE

-What about recycled plants turning from solid re-PSF to HC re-PSF?

Affected by weak demand, many solid re-PSF plants in Hebei and North Jiangsu have shut down recently. Especially in Hebei, the downstream yarn market is particularly sluggish.

Close virgin PSF is sold with competitive prices and only one large plant maintains the operation, while other solid re-PSF plants run for a period and then shut down.

In Sichuan, only three plants run operation continuously, while other plants restart operation late this year, and show difficulties in continuous operation.

Under this circumstance, some solid re-PSF plants in Jiangsu and Sichuan intend to turn to produce HC re-PSF, and a few production lines have been in trial, and products are expected to come out next month. Petrochemicals Naphtha Oxodegradable PP

What about recycled plants turning from solid re-PSF to HC re-PSF?

-Italy – Voluntary Public Exchange Offer by Intesa Sanpaolo Bank for UBI Bank : there’s confusion among UBI’s shareholders (Italian Language Only)

UBI of the wonders.  After the Parvus fund located at the Cayman,the bank’s first clandestine shareholder,and the operations of UBI International (Beretta) and Saras Petroli (Moratti),now Mr. Massiah (UBI’sCEO) pulls out of his hat of illusionist “Treasures hidden in the finance statement”  and the “magic” of 330 million more dividends in the three year 2020 – 2022,attracting the ECB’s checks.

AfterMr. Cera resignation from the consultation agreement  (The “CAR”),other cracks,are opening among the shareholder. Today begann the OPS. ( Nr.17 Intesa shares for Nr.10 UBI shares)

Italy - Voluntary Public Exchange Offer by Intesa Sanpaolo Bank for UBI Bank : there's confusion among UBI’s shareholders

Petrochemicals Naphtha Oxodegradable PP

Petrochemicals Naphtha Oxodegradable PE 04-07-2020

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Petrochemical Polymers PETBottles PSF Trend

Petrochemical Polymers PETBottles PSF

Petrochemical Polymers PETBottles PSF

Polyestertime
ITEM29/06/202006/07/2020+/-
Bottle grade PET chips domestic market5,500 yuan/ton5,400 yuan/ton-100
Bottle grade PET chips export market690 $/ton670 $/ton-20
Filament grade Semidull chips domestic market

Petrochemical Polymers PETBottles PSF

4,700 yuan/ton4,600 yuan/ton-100
Filament grade Bright chips domestic market4,800 yuan/ton4,700 yuan/ton-100
Pure Terephthalic Acid PTA domestic market3,565 yuan/ton3,575 yuan/ton-10
Pure Terephthalic Acid PTA export market
420 $/ton420 $/ton
Monoethyleneglycol MEG domestic market 3,475 yuan/ton3,510 yuan/ton+35
Monoethyleneglycol MEG export market415 $/ton422 $/ton-+7
Paraxylene PX FOB  Taiwan market552 $/ton541 $/ton-11
Paraxylene PX FOB  Korea market534 $/ton523 $/ton-11
Paraxylene PX FOB EU market

Petrochemical Polymers PETBottles PSF

475 $/ton515 $/ton+40
Polyester filament POY 150D/48F domestic market5,350 yuan/ton5,100 yuan/ton
-250
Recycled Polyester filament POY  domestic market5,650 yuan/ton5,500 yuan/ton-150
Polyester filament DTY 150D/48 F domestic market7,000 yuan/ton6,700 yuan/ton-300
Polyester filament FDY 68D24F domestic market 6,700 yuan/ton6,350 yuan/ton-350
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers PETBottles PSF
5,900 yuan/ton5,500 yuan/ton-400
Polyester staple fiber 1.4D 38mm domestic market5,720 yuan/ton5,600 yuan/ton-120
Caprolactam CPL domestic market10,300 yuan/ton9,750 yuan/ton
-550
Caprolactam CPL overseas  market1,110 $/ton1,100 $/ton-10
Nylon6 chips overseas  market1,340 $/ton1,360 $/ton+20
Nylon6 chips conventional spinning domestic  market11,350 yuan/ton10,950 yuan/ton-400
Nylon6 chips  high speed spinning domestic  market11,550 yuan/ton11,150 yuan/ton-400
Nylon 6.6 chips domestic  market18,300 yuan/ton18,300 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers PETBottles PSF

13,700 yuan/ton13,400 yuan/ton-300
Nylon6 Filament DTY 70D/24F domestic  market16,500 yuan/ton16,150 yuan/ton-350
Nylon6 Filament FDY  70D/24F  domestic  market14,600 yuan/ton14,350 yuan/ton-250
Spandex 20D  domestic  market36,000 yuan/ton36,000 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market28,500 yuan/ton28,500 yuan/ton-500
Adipic Acid domestic market6,300 yuan/ton6,200 yuan/ton-100
Benzene domestic market3,100 yuan/ton3,300 yuan/ton-200
Benzene overseas  market424 $/ton422 $/ton
-2
Ethylene South East market790 $/ton790 $/ton
Ethylene NWE  market679 $/ton740 $/ton+61
Acrylonitrile ACN  domestic market8,600 yuan/ton8,100 yuan/ton-500
Acrylonitrile ACN  overseas market1,000 $/ton1,000 $/ton
Acrylic staple fiber ASF  domestic market11,500 yuan/ton11,500 yuan/ton
Viscose Staple Fiber VSF  domestic market8,600 yuan/ton8,500 yuan/ton-100
PP Powder domestic market7,450 yuan/ton7,300 yuan/ton-150
Naphtha overseas market 

Petrochemical Polymers PETBottles PSF

379 $/ton388 $/ton
+9
Phenol domestic market 7,400 yuan/ton6,900 yuan/ton-500
PS Taiwan 5250 GPPS980 $/ton 980 $/ton
PS Taiwan 8250 HIPS1,120 $/ton 1,120 $/ton
LDPE CFR Far East 892 $/ton922 $/ton+30
LLDPE CFR Far East802 $/ton822 $/ton+20
LDPE   FOB Middle East884 $/ton914 $/ton+30
LLDPE FOB Middle East794 $/ton814 $/ton+30
HDPE CFR Far East844 $/ton803884 $/ton+30
LDPE FD Northwest Europe 858 €/ton868 €/ton-+10
LLDPE FD Northwest Europe 803 €/ton813 €/ton+10
Homopolymer PP CFR Far East900 $/ton900 $/ton
Homopolymer PP FD NWE821 €/ton821 €/ton

Petrochemical Polymers PETBottles PSF

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-Volkswagen ends shorter-hours scheme at German factories

At present, production levels in the German factories stand at between 75 and 95 percent of pre-coronavirus levels.

German car giant Volkswagen said Tuesday its German factories would end in July a shorter hours scheme used to cushion the impact of the coronavirus pandemic as production ramps back up.

After around 80,000 workers’ hours were slashed from March, a remaining cohort of around 20,000 at VW’s own-brand passenger cars, utility vehicles and components works will also return to normal schedules at sites across Europe’s top economy, the sprawling 12-brand group said in a statement.

At present, production levels in the German factories stand at between 75 and 95 percent of pre-coronavirus levels, VW said.

Petrochemicals Naphtha Oxodegradable PE

-AMT Granted Patents for Chemical Vapor Smoothing in Europe

AMT, the global leader in safe and sustainable post-processing solutions for additively manufactured parts, announces its core portfolio of patents for chemical vapor smoothing have been granted.  Petrochemicals Naphtha Oxodegradable PE

AMT’s patents cover the novel inventive apparatus used in the chemical vapor smoothing of thermoplastic polymer parts produced from rigid, flexible, and composite subsets, such as polyamide, thermoplastic polyurethane, and glass filled derivatives as well as newly announced polypropylene.

Importantly the IP allows for multiple consumables to be used to process the parts enabling AMT to remain flexible to new material offerings and regulatory requirements.

AMT’s UK patent GB2560073B, granted on 17th June 2020, and complimentary German Utility Models 20 2017 007 255.6 and 20 2017 007 250.5, granted on the 25th June 2020, provide retrospective IP protection to the 2017 filing date.

Petrochemicals Naphtha Oxodegradable PE

-US July benzene contracts jump nearly 40% on stronger crude and reopening economy

-US July benzene contracts settled nearly 40% higher from June, as spot values have increased with a resurgence in crude prices and a gradual reopening of the US economy.

July contracts, at $1.38/gal FOB (free on board) US Gulf, increased 39 cents/gal from 99 cents/gal in June.  Petrochemicals Naphtha Oxodegradable PE

Spot benzene prices rose month over month, tracking rebounding crude values after global oversupply concerns and coronavirus pandemic containment measures just months prior drove energy costs and derivative demand down to historic lows. US spot benzene closed at $1.355/gal the week of 26 June, rising from $1.00/gal the week of 29 May.

WTI crude futures also gained over the previous month, closing at $38.49/bbl the week of 26 June, up from $35.49/bbl the week of 29 May.

Petrochemicals Naphtha Oxodegradable PE

-Eni, Versalis and COREPLA working together to recover mixed plastics

Agreements signed to combine their respective expertise in plasmix recycling by gasification and pyrolysis of mixed plastic packaging, which is currently difficult to recycle and destined for energy recovery.  Petrochemicals Naphtha Oxodegradable PE

San Donato Milanese (Milan), 30 June 2020 – Eni, Versalis and COREPLA (the National Consortium for the Collection, Recycling and Recovery of Plastic Packaging) have signed an agreement that will see them pool their expertise to collect and recycle plastic packaging, with a particular focus on non-mechanically recyclable plasmix.

The partnership aims to provide a practical and sustainable solution to the recovery of plastic packaging waste on a national scale. Over half of the plastic packaging collected from sorted bins in Italy is currently sent for mechanical recycling to make new products.

Petrochemicals Naphtha Oxodegradable PE

-Monforts denim mills move hemp into the mainstream

There is an urban legend that hemp canvas was used to make the very first pair of Levi’s jeans. Petrochemicals Naphtha Oxodegradable PE

While this is a myth that originated in the counterculture of the 1960s, hemp is without doubt the fibre of the moment for the denim industry.

At the second Kingpins24 virtual denim show that was broadcast from New York on 23 and 24 June, the sustainable benefits of hemp fibre were referenced by many Monforts customers who are now including it in their collections, including AGI Denim, Artistic Milliners, Black Peony, Calik, Cone Denim, Naveena Denim Mills (NDM) and Orta.

“Hemp is an easy to grow fibre which requires no irrigation, no fertilizers, no herbicides and no chemicals,” says Allan Little, Director of Product Development for Cone Denim, which has recently launched its Sweet Leaf collection featuring the fibre. “Significantly, it also uses fifty per cent or even less water than cotton in cultivation.” Petrochemicals Naphtha Oxodegradable PE

Petrochemicals Naphtha Oxodegradable PE

-Camvac discusses its growing range of sustainable packaging solutions and an exciting new partnership

In this edition of our Innovation Spotlight, Camvac discusses its recent developments in the realm of packaging sustainability, as well as its holistic approach to project collaboration. Petrochemicals Naphtha Oxodegradable PE

Camvac is one of the leading global suppliers of metallised film as well as clear barrier films and laminates for a wide range of food packaging, liquid packaging (Bag-in-Box solutions), medical applications, construction, and insulation products. Being at the forefront of technological developments, Camvac works closely with our customers to develop new products within the film, laminates, and packaging sectors. This is no more evident than in the case of Camvac’s latest innovation partnership with PlastoSac UK Ltd.

Petrochemicals Naphtha Oxodegradable PE

-Eni CEO working to make the green drive irreversible

Eni CEO Claudio Descalzi wants to turn the 67-year-old Italian oil and gas firm into a greener business, focusing on clean low-carbon products to build a huge customer base which he believes can steady the ship and attract investors more than ever, reported Reuters.  Petrochemicals Naphtha Oxodegradable PE

The veteran oil executive, reappointed as Eni chief for a third time in May, told Reuters he wants to ensure Eni will play a role in the energy transition which he believes has accelerated in the wake of the coronavirus crisis.

“In these next 3 years I want to trace a completely irreversible path for the group,” Descalzi said.

The 65-year-old, who was in charge of upstream business at Eni before taking over the top spot in 2014, is looking to create a slimmer and more flexible company that can switch very rapidly to meet market conditions but which has a clear long-term direction.

Petrochemicals Naphtha Oxodegradable PE

-NOVA introduces biaxially-oriented PE film technology

NOVA Chemicals (Calgary, Alberta, Canada) says it has developed a new technology for the production of high-density biaxially-oriented polyethylene (HD-BOPE) films, said Chemweek.  Petrochemicals Naphtha Oxodegradable PE

Biaxial orientation extends the physical characteristics of high-density polyethylene (HDPE) films, enabling the manufacture of fully recyclable high-performance film structures without mixing resin types.

“Brand owners and consumers are looking for easy-to-recycle packaging that prevents contamination and extends the shelf life of their products,” explains Alan Schrob, group manager/consumer and industrial films at Nova. “Our HD-BOPE technology provides an additional building block for converters to make recyclable multilayer films that perform as well as traditional mixed-material structures.”

HD-BOPE films can be printed before they are laminated to a sealant film made from lower density polyethylene. Nova has been working with Bruckner Maschinenbau (Siegsdorf, Germany), a leading manufacturer of film stretching lines, to accelerate the development and commercialization of the technology. “We have been very pleased with the performance of Nova Chemicals’ products on our equipment and are getting positive feedback from the converters who are making film with it as well,” says Sebastian Ruhland, senior sales manager at Bruckner Maschinenbau. “We believe this technology will open completely new possibilities to provide PE films for 100% monomaterial packaging films as an answer to the recyclability challenges we’re facing.”

NOVA introduces biaxially-oriented PE film technology

-Alok’s antimicrobial masterbatches powered by Microban’s technology

Antimicrobial solutions for packaging under testing

We recently interviewed Vikram Bhadauria, managing director of Alok Masterbatches regarding the developments since the company’s agreement with Microban International that we became aware of at the K exhibition in Dusseldorf in October 2019. As Bhadauria points out, the Covid-19 crisis has brought a heightened sense of hygiene and sanitation needs at an individual and community level in the country. As he also suggests, Alok’s antimicrobial solution stands out to be the need of the hour.

Naresh Khanna, editor, Packaging South Asia – Since the formal agreement between Alok Masterbatches and Microban International, what are the steps contemplated to bring Microban’s technology to India?  Petrochemicals Naphtha Oxodegradable PE

Vikram Bhadauria – Alok has been working on antimicrobial technology for a few years. Therefore, the first step was for us to find a trusted partner to elevate the potential of this solution for the Indian market. We had the opportunity to join hands with Microban, the global leader in antimicrobial technology, to revolutionize the approach to cleanliness and hygiene. We have seen success in some domains, like water storage and cleanliness, and are now in the testing phase for solutions across the packaging, healthcare, and other industrial sectors.

Alok’s antimicrobial masterbatches powered by Microban’s technology

-US June ethylene contracts settle up amid buoyant demand

-US June ethylene contracts settled for the majority of participants at an increase of 0.5 cent/lb on higher spot prices and cash costs as demand rebounded.

The settlement puts June contracts at 24.5 cents/lb ($540/tonne), up from 24.0 cents/lb in May.

Average spot prices increased by about 1 cent/lb amid higher cash costs and buoyant demand.  Petrochemicals Naphtha Oxodegradable PE

Front-month ethylene traded in June at 11.750-13.500 cents/lb, up from 10.125-12.750 in May.

Ethylene export and polyethylene (PE) demand have bounced back since mid-March, when there were widespread shutdowns across the US economy.

Meanwhile, average cash costs rose slightly month on month.

Feedstocks ethane, propane and butane prices rose despite a recent ethane price correction on growing sentiment that production will soon increase.

US June ethylene contracts settle up amid buoyant demand

Petrochemicals Naphtha Oxodegradable PE

Petrochemicals Naphtha Oxodegradable PX 03-07-2020

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Crude Oil Prices Trend

Crude Oil Prices Trend

-DSM Halves Carbon Footprint of Polyamide

DSM’s Engineering Materials division will offer its existing Akulon polyamide (PA) 6 portfolio produced in Europe with a significantly reduced carbon footprint by the beginning of 2021, thus offering the lowest carbon footprint of PA 6 available in the market. This enables DS

M’s customers to reduce the carbon footprint of their own products and contribute to the global reduction of greenhouse gas emissions.

Akulon PA6 is a thermoplastic material with high heat resistance. It is commonly used in a variety of applications including automotive, electrical equipment, electronic devices, and packaging.

Petrochemicals Naphtha Oxodegradable PX

-Angela Merkel says EU ‘must prepare’ for no-deal Brexit

German chancellor warns progress in talks between UK and EU has been very limited.

By Hans von der Burchard 7/1/20, 2:59 PM CET Updated 7/1/20, 5:01 PM CET

The European Union must prepare for the possibility that negotiations with the United Kingdom won’t secure a deal, German Chancellor Angela Merkel warned Wednesday.

“To put it mildly, progress in the negotiations has been very limited,” Merkel told the German Bundestag, adding: “I will continue to press for a good solution. But we in the EU and also in Germany must and should prepare for the event that an agreement is not reached after all.”  Petrochemicals Naphtha Oxodegradable PX

-Angela Merkel says EU ‘must prepare’ for no-deal Brexit

-PolyOne completes purchase of Clariant business, changes name to Avient

PolyOne Corp. on Wednesday said it’s completed its $1.44 billion purchase of Clariant’s masterbatch business and said it will change its name to Avient.

Avon Lake-based PolyOne (NYSE: POL), which makes specialized polymer materials and operates in three segments — color, additives and inks — also said its stock symbol will change on July 13 to “AVNT,” in conjunction with the name change

PolyOne announced the deal with Clariant in December. Clariant’s color and additive masterbatch business posted sales of $1.15 billion in 2019. The business has 46 manufacturing operations and technology centers in 29 countries and approximately 3,600 employees.  Petrochemicals Naphtha Oxodegradable PX

PolyOne completes purchase of Clariant business, changes name to Avient

-Oil Ministry slashes petchem feedstock price by 10%

The decision comes as the global oil prices have fallen significantly due to the outbreak of the coronavirus and consequently the value of other products like petrochemicals has also declined in global markets.

Ethane price was previously set based on the prices of its comprising elements including polyethylene and naphtha, according to which the base price was $220 and the ceiling was $400 per ton in Iran.  Petrochemicals Naph tha Oxodegradable PX

Oil Minister Bijan Namdar Zanganeh, however, ordered the reduction of prices by 10 percent to help the petrochemical complexes get through the current hard times by increasing their interest margins.

Back in September 2019, Managing Director of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said the feedstock for petrochemical complexes is going to reach equal to 1.7 million barrels per day (bpd) of oil by 2025.

Petrochemicals Naphtha Oxodegradable PX

-Nouryon completes CMC acquisition

Nouryon has completed its previously announced acquisition of the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation.

The newly-acquired business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around €135 million. It includes a world-class manufacturing plant and advanced R&D facility located in Äänekoski, Finland. The business’s 248 employees will transfer to Nouryon.

The transaction will significantly broaden Nouryon’s portfolio of products in CMC, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabilizer and film former.  Petrochemicals Naphtha Oxodegradable PX

Petrochemicals Naphtha Oxodegradable PX

– Uflex reports a strong quarter with arrays of innovations

Uflex declared its earnings for Q4 (January-March) and FY2019-20 on 30 June. The company has had a strong quarter with a surge in consolidated net profit by 43.5% YoY to Rs 100.6-crore for Q4 FY19-20; whereas its consolidated EBITDA rose by 6.3% YoY to Rs 276.4-cr and EBITDA margin improved to 15.6% from 12.6% last year.

Ashok Chaturvedi, chairman and managing director, Uflex, said, “The year that went by brought its own set of challenges starting with slowdown in the economy to  rising debate on plastic waste management and lastly the unexpected disruptions caused by Covid-19. Petrochemicals Naphtha Oxodegradable PX

As a focused group, these challenges have formed to be a flagpole to our innovation for tomorrow. Even during this crisis, we continued our operations such that supply chain of essential commodities like food and pharma wasn’t completely interrupted and these packaged goods reached public at large.”

Uflex reports a strong quarter with arrays of innovations

-JDA TO ADVANCE CONVERSION OF SYNGAS TO ETHYLENE

A recently announced joint development agreement (JDA) between Enerkem Inc. (Montreal, Que.) and NOVA Chemicals (Calgary, Alta.) is aimed at developing recycling technology to allow difficult-to-recycle plastics (specifically #3–7 polymers), as well as other municipal solid waste (MSW), household waste and construction materials, to be converted into ethylene at full commercial scale.

The development project will involve Enerkem’s gasification process, which is capable of generating synthesis gas (syngas; CO and H2) from a wide range of feedstocks, including MSW, biomass and polymers, including polyvinyl chloride (PVC) and polyethylene terephthalate (PET). Enerkem’s gasification platform involves gasification of sorted feedstocks by thermal cracking in a bubbling, fluidized-bed gasifier, followed by purifying and separating the syngas (diagram). Currently Enerkem converts syngas to methanol and ethanol.  Petrochemicals Naphtha Oxodegradable PX

Petrochemicals Naphtha Oxodegradable PX

-Rudolf introduces coating against bacteria, viruses

Rudolf Group has introduced an antimicrobial coating for textile applications with antibacterial and antiviral properties. With COVID-19 causing an increase in demand for products with antimicrobial properties, Rudolf invested in adding antiviral feature to one of its leading technologies. This resulted in a new antibacterial and antiviral textile finishing. Petrochemicals Naphtha Oxodegradable PX

As a consequence of COVID-19 global pandemic the demand for chemical auxiliaries with antimicrobial effect has boomed. Rudolf Group invested important resources in the meticulous assessment of a new antiviral feature which is now added to one of its leading technologies.

-Rudolf introduces coating against bacteria, viruses

-Euratex presents Covid-19 recovery strategy for textile and apparel industry

Euratex, the European Apparel and Textile Confederation, has come up with a strategy for the future that is supposed to turn the current coronavirus crisis into an opportunity. Part of the strategy, which was endorsed by the last general assembly, is for the industry to become “more digital, sustainable and agile” and five flagship initiatives have been identified in critical areas. Petrochemicals Naphtha Oxodegradable PX

The general assembly also re-elected Alberto Paccanelli as president and appointed Jean-François Gribomont, Gregory Marchant, Hadi Karasu and Bodo Bölzle as vice presidents.

While European textiles and clothing companies have been crucial in providing short-term relief in the crisis, such as converting their production or an increased production of PPE, now long-term goals need to be tackled that involve a renewal process of the sector and its value chain and a more competitive and greener future.

Euratex presents Covid-19 recovery strategy for textile and apparel industry

-Europe PE faces falling demand, higher capacities as fortunes with PP diverge

The European polyethylene (PE) and polypropylene (PP) markets have so far survived relatively unscathed the pandemic-induced recession, but the true testing times are yet to come as weakening demand meets increased capacities.

Moreover, the two products’ outlooks are likely to diverge as some downstream sectors recover quicker than others.

DIFFICULT EVEN BEFORE COVID

PE players in Europe were bracing themselves for a poor 2020 as increased low-cost capacity globally would affect profitability in the region.

New PP volumes were also on the rise, mainly in Asia, but it was more weak demand in the automotive industry that was the concern for the market, and PP players were more relaxed than their PE counterparts. Petrochemicals Naphtha Oxodegradable PX

Europe PE faces falling demand, higher capacities as fortunes with PP diverge

Petrochemicals Naphtha Oxodegradable PX

Petrochemicals Enzymes Oxodegradable PX 02-07-2020

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-Europe ACN market takes slow, steady steps towards a still-distant full recovery

The European acrylonitrile (ACN) market is recovering on the back of improved demand from many end sectors, but it is still a long way to go before it returns to a “normal” situation.

– Noted improvement in AF demand

– Automotive, ongoing concern

– Ability to forecast still hampered by uncertain future

AF DEMAND
Demand for acrylic fibre (AF) was severely hit during the coronavirus peak in Europe as lockdowns caused the retail sector to shut and many factories close.

Output rates for some were at 50% early in June, but as the market moves into July and the supply chain works its way through stocks, higher rates in July are likely.

Petrochemicals Enzymes Oxodegradable PX

-Liquid X Receives OEKO-TEX Standard 100 Certification for Textiles, Launches OEKO-TEX-Certified Face Mask with Proprietary Antimicrobial Filter Insert

Liquid X, an advanced manufacturer of functional metallic inks with engineering design and prototype-to-production manufacturing capabilities, announced today that its proprietary, particle-free silver ink used to create e-textiles and other functional textiles has received the OEKO-TEX Standard 100 Certification – a world-renowned label earned by textiles deemed safe for contact with skin after testing for harmful substances like carcinogens and heavy metals. Petrochemicals Enzymes Oxodegradable PX

Liquid X earned the strictest, baby-safe rating, Appendix 4, Product Class 1, certifying that its particle-free silver ink applied on nonwoven polyester fabric meets the human-ecological requirements not only for babies and toddlers up to 36 months (Class 1), but also for direct contact with the skin of anyone older than that (Class 2). Separately, the company also launched its own ComforTeX OEKO-TEX-certified face mask and antimicrobial filter.

Petrochemicals Enzymes Oxodegradable PX

-China base oil imports may fall in July amid rising prices

China’s base oils imports are likely to fall in July, as rising prices for Group II base oils have narrowed the arbitrage margin and downstream lubricant producers have replenished ample inventories. Petrochemicals Enzymes Oxodegradable PX

Import prices for Group II base oils on CFR (cost & freight) China basis have posted a relentless rise, after bottoming out in mid/late May.

On 26 June, import prices for Group II base oil 150N averaged $400/tonne CFR China, up by $50/tonne from the trough set in late May, and those for Group II 500N averaged $565/tonne, up by $65/tonne from the low in mid-May, ICIS data showed.

Petrochemicals Enzymes Oxodegradable PX

-Opec has cut oil output by 1.25 mbpd in June: Petro-Logistics

OPEC’s share of the cut is 6.084 million bpd.

OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics.

OPEC and its allies, a group known as OPEC+, agreed to cut supply by a record 9.7 million bpd from May 1 to offset an oil price and demand slump triggered by the coronavirus crisis. OPEC’s share of the cut is 6.084 million bpd.

“Excluding Iran, Libya and Venezuela, which are not part of the curtailment agreement, OPEC-10 supply remains about 1.55 million bpd away from full compliance,” Petro-Logistics said in an email.  Petrochemicals Enzymes Oxodegradable PX

Petrochemicals Enzymes Oxodegradable PX

-German plastics recyclers in ‘critical situation’, public incentives needed – trade group

Germany’s plastics recyclers are in a “critical situation” because of the coronavirus pandemic and things could become even worse in coming months, according to the country’s recyclers trade group Bvse.

“The combination of falling prices for new plastics, falling demand, and logistical difficulties put a considerable strain on recycling companies”, said the trade group’s vice president Herbert Snell. Petrochemicals Enzymes Oxodegradable PX

“We see tremendous problems facing the industry because we are dealing with a global crisis scenario that could worsen over the next few weeks and months as the corona-related restrictions are gradually lifted”, he said.

“It will be many months before the global economy starts up again and the supply chains function smoothly nationally, in Europe and internationally,” he said.

Petrochemicals Enzymes Oxodegradable PX

-Suntory Launches New Joint Venture Company to Develop Innovative Anellotech Plas-TCat Plastics Recycling Technology

Suntory MONOZUKURI Expert Ltd. (SME), a subsidiary of Suntory Holdings Ltd., is proud to announce the establishment of R Plus Japan Ltd., a new joint venture company that will invest in the development of cutting-edge recycling technology for used plastics. R Plus Japan was established in partnership with 11 other cross-industry partners within the plastics supply chain. Petrochemicals Enzymes Oxodegradable PX

This collaboration aims to find effective solutions to address plastics waste issues to create a more sustainable society. Member partners include TOYOBO Co. Ltd., Rengo Co. Ltd., Toyo Seikan Group Holdings Ltd., J&T Recycling Corporation, Asahi Group Holdings Ltd., Iwatani Corporation, Dai Nippon Printing Co. Ltd., Toppan Printing Co. Ltd., Fuji Seal International Inc., Hokkaican Co. Ltd., and Yoshino Kogyosho Co. Ltd.. R Plus Japan will continue seeking additional investors, and companies such as Sumitomo Chemical Company Ltd. are currently considering joining.

Suntory Launches New Joint Venture Company to Develop Innovative Anellotech Plas-TCat Plastics Recycling Technology

-Undressing the Current State & Future of Textile Recycling in the U.S.

Today, Resource Recycling Systems (RRS) releases its white paper on “Textile Recovery in the U.S.: A Roadmap to Circularity,” which highlights the current state of textile waste in the U.S. and outlines “a future-state system in which textiles are recovered for best and highest use.”  Petrochemicals Enzymes Oxodegradable PX

In the preface, CEO Jim Frey notes that, “As one of the fastest growing waste streams, used textiles are a largely untapped resource. Recovering these fabrics and fibers as inputs to a variety of closed loop and cascading end uses presents the opportunity to develop more sustainable and resilient supply chains. The time is ripe for action throughout the industry value chain to transform textile manufacturing, use, and recovery into a truly sustainable and resilient system.

Undressing the Current State & Future of Textile Recycling in the U.S.

-New Compounding Technique for Nanocellulose Composites Shows Promise

A team of Purdue University innovators hopes its new technology provides a more business-friendly option to utilize sustainable cellulose nanomaterials for use in vehicles, food packaging and other manufactured items.

The Purdue team developed a new way for manufacturers to use nanocellulose derived from plant matter.

Normally to process nanocellulose, solvents or other dispersants are usually added to the mixture to improve the material’s dispersion in polymers.

“These methods can be very expensive for manufacturers, who must add additional processes and machinery to comply with emission standards that may be impacted by the use of the solvents,” said Jeffrey Youngblood, a professor of materials engineering in Purdue’s College of Engineering.

New Compounding Technique for Nanocellulose Composites Shows Promise

-Toyobo, 11 other companies jointly launch R Plus Japan, Ltd. to recycle used plastics

Toyobo Co., Ltd. and 11 other companies forming a plastic value chain have jointly established a new company called R Plus Japan, Ltd. (“R Plus Japan”, hereafter), which will facilitate the recycling of used plastics to help solve plastics-associated problems and create a more sustainable society. R Plus Japan, which started operating in June, is headed by President Tsunehiko Yokoi and located in Minato Ward, Tokyo.

The 11 companies are: Suntory MONOZUKURI Expert Ltd.; Rengo Co., Ltd.; Toyo Seikan Group Holdings, Ltd.; J&T Recycling Corporation; Asahi Group Holdings, Ltd.; Iwatani Corporation; Dai Nippon Printing Co., Ltd.; Toppan Printing Co., Ltd.; Fuji Seal International, Inc.; Hokkai Can Co., Ltd.; Yoshino Kogyosho Co., Ltd. R Plus Japan will continue seeking additional investors, and companies such as Sumitomo Chemical Company, Ltd. are currently considering joining. Petrochemicals Enzymes Oxodegradable PX

Toyobo, 11 other companies jointly launch R Plus Japan, Ltd. to recycle used plastics

-How inventor Veena Sahajwalla is revolutionising recycling science

Veena Sahajwalla has launched the world’s first e-waste microfactory and plans to export the model throughout Australia, and the globe.

When China announced a ban on the importation of 24 types of solid waste in January 2018, the inherent inefficiency of Australia’s A$15 billion waste industry was suddenly exposed.  Petrochemicals Enzymes Oxodegradable PX

An annual average of 619,000 tonnes of Australian recyclable materials were left without a home.

The nation was facing a waste crisis, but Professor Veena Sahajwalla had a strategy for tipping the materials straight back into the economy.

Petrochemicals Enzymes Oxodegradable PX

Petrochemicals Enzymes Oxodegradable PTA 01-07-2020

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-TEIJIN TO EXPAND CARBON-FIBER PRODUCTION IN GERMANY

Teijin Carbon Europe GmbH, Teijin Group’s (Toyko) carbon fiber business in Europe, has increased the production capacity of its German produced chopped carbon fiber (of the brand type Tenax-E HT C604 6mm) by 40%.

The company is thus responding to the growing demand by European electronics manufacturers in recent years, as well as to currently increasing needs for compounds for medical devices.

Petrochemicals Enzymes Oxodegradable PTA

-STORA ENSO AND CORDENKA PARTNER TO DEVELOP BIO-BASED CARBON FIBER MATERIALS

Stora Enso Oyj (Helsinki, Finland) and Cordenka GmbH & Co KG, a leading producer of premium-quality industrial viscose fibers, have signed a joint development agreement to develop precursors for bio-based carbon fiber. The co-development is driven by the need for high performance carbon fiber in transportation, construction and power generation.  Petrochemicals Enzymes Oxodegradable PTA

Stora Enso has been developing the technology for manufacturing carbon fiber from wood-based raw materials, i.e. dissolving pulp and lignin, at laboratory scale. The agreement with Cordenka aims at upscaling the precursor development process to pilot-scale operation.

Petrochemicals Enzymes Oxodegradable PTA

-Biffa extends recycled plastic deal with Nampak

Biffa has announced the extension of its long-term partnership with packaging manufacturer Nampak Plastics Europe.

The partnership — first implemented in 2008 — sees Biffa supply Nampak with food-grade recycled plastic in the form of pellets, sourced from its HDPE recycling facility in Redcar.  Petrochemicals Enzymes Oxodegradable PTA

This is used by Nampack for the manufacturing milk bottles, ensuring bottles produced by Nampak can contain up to 40% recycled plastic, all supplied by Biffa.

Petrochemicals Enzymes Oxodegradable PTA

-Dairy Company Uses First Milk Packaging in Ireland Labelled as Carbon Neutral

Dairy company Lee Strand has announced that its fresh milk will be available in plant-based packaging — the first milk packaging in Ireland to be labelled as carbon neutral.

According to Tetra Pak, the Tetra Rex plant-based package is the world’s first and only fully renewable beverage carton.  Petrochemicals Enzymes Oxodegradable PTA

It is FSC-certified and made entirely of paperboard, from responsibly managed forests and other controlled sources. The plastic is plant-based, made from Bonsucro certified sugarcane.

Petrochemicals Enzymes Oxodegradable PTA

-“Green brother” of PET

Simplified Procedure for the Building Blocks of the Bio-Polymer PEF

Young researchers at the Leibniz Institute for Catalysis, LIKAT, in Rostock have developed a catalytic process for bio-polymers that runs under very mild conditions. The results are building blocks of the plastic PEF, a sustainable alternative to PET beverage packaging. The production of PEF building blocks does not require petroleum, but instead cellulose, i.e. biomass, and essentially only alcohol and air. The process can be transferred into practice immediately. To make it freely accessible, the young chemists published their findings on an open-access platform.Petrochemicals Enzymes Oxodegradable PTA

Coca Cola was the first company to build a plant bottle factory in the USA for beverage bottles made of polyethylene terephthalate (PET), which are produced entirely from plant material – but with a high energy input. The conventional process for the PET building blocks requires temperatures of up to 300 degrees Celsius and a pressure of around 100 bar.

Petrochemicals Enzymes Oxodegradable PTA

-Hago Energetics Inc. Announces Participation in the NASA CO2 Conversion Challenge

Participating in the NASA CO2 Conversion Challenge

Hago Energetics Inc., a startup company focused on development of scalable solutions to climate change, announced today that it is a participant in the NASA CO2 Conversion Challenge. This Challenge seeks to make colonization on Mars possible for future generations. The Company is in Phase 2 of this Challenge and has earned 10 bonus points to its final score after submitting a Mid-Point Progress Report on its status.

“This Challenge gives us the opportunity to contribute to building the chemical and biological infrastructure that will be useful to a future Mars colony,” says said Wilson Hago, PhD, Founder and CEO of Hago Energetics.

The NASA CO2 Conversion Challenge is a $1 million competition to convert carbon dioxide into sugars such as glucose as a step to creating mission-critical resources. Such technologies will allow us to manufacture products using local, indigenous resources on Mars and on Earth by using waste and atmospheric carbon dioxide as a resource.Petrochemicals Enzymes Oxodegradable PTA

Hago Energetics Inc. Announces Participation in the NASA CO2 Conversion Challenge

-Evonik makes green hydrogen more affordable

Green hydrogen is a beacon of hope in the energy transition, both as a carbon-free fuel for industry and transportation, and as a key raw material for the chemical industry. Green hydrogen is produced from water by electrolysis using electricity generated from renewable resources. Petrochemicals Enzymes Oxodegradable PTA

It is still much more expensive than conventional hydrogen, which is generally obtained from methane gas in a process that releases carbon dioxide. As well as sufficient low-cost electricity generated from renewables, investment in the electrolyzer is a key factor in cost-efficient production of green hydrogen.

The central component of the electrolyzer, which has a major influence on efficiency and reliability, is an ion-conducting membrane. Evonik has now developed a novel anion exchange membrane (AEM), which should contribute to the breakthrough of electrolytic production of hydrogen. “Our membrane could allow commercial realization of highly efficient and economically viable electrolysis technology,” says Oliver Conradi, who is responsible for membrane research at Creavis, Evonik’s strategic innovation unit.

Evonik makes green hydrogen more affordable

-PKN set to win EU approval to acquire Lotos

PKN Orlen (Plock, Poland), the countryпїЅs largest oil refiner and petrochemicals producer is set to gain EU antitrust approval for its takeover of smaller rival Lotos (Gdansk, Poland) after agreeing some concessions aimed at allaying competition concerns, according to Reuters citing people familiar with the matter.

PKN wants to buy at least 53% of Lotos. EU said it was concerned that the deal may push up prices and reduce competition in Poland, the Czech Republic, Estonia, Lithuania, Latvia and Slovakia. Petrochemicals Enzymes Oxodegradable PTA

PKN last month offered to sell LotosпїЅ stake in a joint venture with BP called Lotos – Air BP Polska (LABP) and also pledged to supply jet fuel to LABP with the aim of creating a viable competitor. The company has since made some minor changes to the package after rivals and customers provided feedback to the European Commission, Reuters says.

PKN set to win EU approval to acquire Lotos

-Braskem and ALM: Polypropylene for Additive Manufacturing SLS Applications

An industrial partnership between Braskem, one of the largest producers of polypropylene and biopolymers in the Americas, and Advanced Laser Materials (ALM), a leading supplier of materials and equipment for additive manufacturing applications, brings an innovative thermoplastic polymer to the market that can be used in Selective Laser Sintering (SLS) powder bed 3D printing.

The growing success of the additive manufacturing technology is underpinned not by individual products such as printers or materials, but by providing an end-to-end solution that combines product design, printing technology, and material development into a single package suitable for a wide range of customer applications.

As one of the world’s leading suppliers of 3D printing technology, ALM (a wholly-owned subsidiary of EOS Group) boasts a comprehensive portfolio of laser sintering solutions and advanced materials for industrial 3D printing applications.Petrochemicals Enzymes Oxodegradable PTA

-Braskem and ALM: Polypropylene for Additive Manufacturing SLS Applications

-Teijin unveils new Solotex Eco-Hybrid conjugated fibre

Teijin Frontier, the Teijin group’s fibres and products converting company, has launched its new Solotex Eco-Hybrid high-stretch side-by-side (S/S) conjugated fibre. It is an eco-friendly plant-derived polymer with a chemically recycled polyester polymer, each featuring different heat-shrinkage characteristics to enable the formation of coiled crimp yarn.Petrochemicals Enzymes Oxodegradable PTA

Solotex Eco-Hybrid represents a new line in Teijin Frontier’s polytrimethylene terephthalate (PTT) fibre Solotex family. Solotex Eco-Hybrid filament yarn and textile will be introduced as a featured product for 2020 autumn/winter fashion apparel, offering many possibilities for enhanced sportwear, uniforms, and more. Annual sales of Solotex Eco-Hybrid are expected to grow from JPY 500 million in 2020 to JPY 1.5 billion in 2022 (filament yarn equivalent).

Teijin unveils new Solotex Eco-Hybrid conjugated fibre

Petrochemicals Enzymes Oxodegradable PTA

Petrochemicals Enzymes Oxodegradable ACN 30-06-2020

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-‘Great compression’ expected to transform shale industry

The coronavirus pandemic has roiled every industry around the globe, but combined with low oil and natural gas prices, will transform the U.S. shale industry, which has been centered in the Permian Basin for the last decade.

Deloitte LLP calls the impact the “great compression” and called on energy companies to respond, recover and thrive.

In a report released last week, the company said operators should first, respond through decapitalization and identifying cost-cutting opportunities to reduce their selling, general and administrative spending. Recovery will entail a new engineering mindset, data analytics and sustainability measures. Adopting digital innovations to completely transform operations may also be required.

To thrive, operators should transform themselves from information technology-driven mindsets to an operationally integrated organization focused on the supply chain and alternative sources of energy and commit to making energy transition a way of business, according to the report.

Petrochemicals Enzymes Oxodegradable ACN

-Textile companies gear up for antiviral fabrics

At a time when financial health is impacted, repurposing units is going to help in sector’s revival  Petrochemicals Enzymes Oxodegradable ACN

Hyderabad:  As the world faces the Covid-19 crisis, there is an urgent need for antiviral fabrics. Research shows that viruses and bacteria can remain active on textile surfaces for up to two days. Realising this scenario, India’s textile companies have converted the pandemic-induced economic crisis into an opportunity, by coming out with antiviral textiles.

Technical textiles/specialised fabrics are finding their way in the making of masks and personal protection equipment as well as apparels now. This has resulted in several Indian textile companies partnering with overseas antiviral technology companies. Even though this fresh demand may not nullify the Covid impact on the sector, the antiviral fabrics could prove as a saviour in these testing times, giving room for fresh value-added products, says industry.

Petrochemicals Enzymes Oxodegradable ACN

-Demand, feedstocks take the wheel to drive resin price changes in June

North American prices for most commodity resins increased in June, as demand rebounded from the impact of the COVID-19 pandemic.

Higher raw material prices also played a role in the hikes, which lifted prices for polyethylene, polypropylene, suspension PVC, solid polystyrene and PET bottle resin.

Regional PE prices moved up 4 cents per pound in June after being flat in May.

The 4-cent June hike essentially negates a 4-cent price drop from April.

Market sources said strong packaging demand during the pandemic helped drive overall PE demand in June. Demand also rose in general with businesses reopening in some parts of the U.S.   Petrochemicals Enzymes Oxodegradable ACN

Petrochemicals Enzymes Oxodegradable ACN

-TechnipFMC and Clariant enter joint development agreement for state-of-the-art production of acrylonitrile

TechnipFMC and Clariant Catalysts announced today that they have entered into a joint development agreement for the demonstration and commercialization of Clariant’s new state-of-the-art AcryloMax® propylene ammoxidation catalyst for the production of acrylonitrile. This new collaboration will bring together Technip Energies’ well-established expertise in fluid bed technologies and process development with Clariant’s longstanding experience and knowledge in the development, manufacturing and supply of catalysts for the petrochemical industry. Petrochemicals Enzymes Oxodegradable ACN

AcryloMax® supports the profitable and efficient production of acrylonitrile, which is an important intermediate in the value chain of plastics and synthetic fibers for the automotive and textile industries.

Petrochemicals Enzymes Oxodegradable ACN

-Euratex prepares strategy for recovery from COVID-19 era

Euratex, the voice of the European textile and clothing industry, is ready to transform the COVID-19 crisis into an opportunity, and become more digital, sustainable and agile. Endorsed by the last General Assembly, the renewal will be driven by the “strategy for recovery from the COVID-19 era” together with five flagship initiatives in critical areas.

To guide the European textile and clothing sector towards its renaissance, the Euratex General Assembly has re-elected Alberto Paccanelli as president. The General Assembly also appointed Euratex vice-presidents, Jean-François Gribomont, Gregory Marchant, Hadi Karasu and Bodo Bölzle. Petrochemicals Enzymes Oxodegradable ACN

European textiles and clothing companies proved to be essential to managing the pandemic, as a great number converted to or increased the production of PPE. But this strategic role goes beyond the past events, as, without textile materials, no cars, clothes, machines or buildings can be built. “The last months highlighted then the necessity for the whole sector and its value chain to undergo a renewal process and enter the future more competitive and greener. The textile industry is ready for this challenge and developed a recovery strategy,” Euratex said in a press release.

Euratex prepares strategy for recovery from COVID-19 era

-China MEG demand stable; oversupply to worsen on new capacities

China’s monoethylene glycol (MEG) demand is largely steady amid ample supply, which is likely to get worse with new capacities coming on stream in the second half of the year.

The overall domestic market is weak as support from recent crude gains was being overshadowed by bearish supply-demand fundamentals.

On 28 June, spot MEG prices in east China were assessed at yuan (CNY) 3,495-3,530/tonne, down by 3.4% from early June, ICIS data showed.

Downstream polyester plants have maintained an average run rate of above 85% so far in June, with inventories piling up in the face of weak end-user demand despite producers’ price cuts to boost sales. Petrochemicals Enzymes Oxodegradable ACN

Recent gains in upstream crude markets were fueled by expectations that demand will pick up in line with easing of lockdowns worldwide.

China MEG demand stable; oversupply to worsen on new capacities

-Ineos to buy BP’s PX, PTA, acetyls in $5bn deal:

European integrated Ineos will buy BP’s global paraxylene (PX), purified terephthalic acid (PTA) and acetyls businesses for $5bn, a move that will provide it greater scope for expansion and integration into its existing business.Petrochemicals Enzymes Oxodegradable ACN

“This acquisition is a logical development of our existing petrochemicals business, extending our interest in acetyls and adding a world leading aromatics business supporting the global polyester industry,” said Ineos’ chairman Jim Ratcliffe. The firm will buy the BP assets through its wholly-owned Ineos Styrolution.

Ineos to buy BP's PX, PTA, acetyls in $5bn deal

-China’s PE prices up on vessel delays, turnarounds

Polyethylene (PE) prices in China firmed by $10-40/t in the past week on reduced availability of spot cargoes from local producers and Iranian sellers.

Four vessels with Iranian origin PE, which were due to arrive at the end of May, have been delayed and are now expected to reach China in early July. There were no details available on the volume of these shipments. Petrochemicals Enzymes Oxodegradable ACN

The delay of over a month is one of the factors that has caused tightness in PE imports in China. Iran is the largest exporter of high density polyethylene (HDPE) and low-density polyethylene (LDPE) to China.

China's PE prices up on vessel delays, turnarounds

-Dow expects lower EBITDA due to slow recovery in consumer, automotive sectors

Dow says it expects a USD350-million headwind to second-quarter EBITDA, mostly due to a slower-than-expected demand recovery in the automotive and consumer durables end markets, reported Chemweek. Petrochemicals Enzymes Oxodegradable ACN

The demand decline will particularly impact Dow’s polyurethanes business, where second-quarter demand is expected to decline by about 25–30% year on year (YOY). Dow had previously expected a 15–20% YOY demand decline for polyurethanes in the second quarter.

About two-thirds of the EBITDA impact “can be attributed to the delayed and slower recovery in the automotive, construction, appliance, and furniture sectors,” Dow president and CFO Howard Ungerleider said in a virtual conference presentation this morning. The rest “is being driven by margin pressure due to lower demand, which is negatively impacting pricing power, along with MEG softness,” he added.

Dow expects lower EBITDA due to slow recovery in consumer, automotive sectors

-Naphtha supply to tighten on lower refinery output

Naphtha output is forecast to stay tight into 2021 as destruction of fuel demand caused by COVID-19 curbs refinery throughput and caps supply of the dominant feedstock for ethylene production, according to Premasish Das, executive director at IHS Markit, said Chemweek. Petrochemicals Enzymes Oxodegradable ACN

About 75% of naphtha, the feedstock for more than 40% of ethylene produced worldwide, comes from refineries. But “refineries do not run based on how much naphtha they want to produce. They run based on how much other key refined products they need to produce,” says Das, speaking today at IHS Markit’s Asia NGLs and Naphtha Conference Online.

The pandemic slashed worldwide demand for refined products including gasoline, jet fuel, and fuel oil by nearly 18 million b/d, prompting refiners to cut throughput by 15-16% in April alone. Some have continued to idle plants or extend scheduled maintenance works, Das says. Gasoline is the most impacted refined product in volume terms and with direct blending accounting for about 30% of global light naphtha demand, the lower blending demand outlook for the second and third quarters of this year has a direct impact on naphtha, he says.

Naphtha supply to tighten on lower refinery output

Petrochemicals Enzymes Oxodegradable ACN

Petrochemicals Enzymes Oxodegradable 29-06-2020

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Petrochemical Polymers PETBottles Benzene Trend

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-Integrated flake sorting solutions paving the way to increased quality

We all know the issues when it comes to plastic waste. Now more than ever, emphasis is being placed on handling this resource in a responsible, sustainable manner to make sure it can be reused.  Petrochemicals Enzymes Oxodegradable

Plus, with new regulations being introduced around the recycled content within plastic bottles in particular, a new approach to recycling is imperative.

For this to happen though, we must implement efficient recycling processes so the plastics are handled correctly, and we can retain the highest possible purity.

Plant operators must opt for the highest-efficiency solution, which today, comes in the form of fully integrated pre-sorting and flake-sorting lines from a single manufacturer, rather than a mix-and-match from different suppliers.

Integrated flake sorting solutions paving the way to increased quality We all know the issues when it comes to plastic waste. Now more than ever, emph

-Vietnam cuts ethanol import tariffs from 10 July

Vietnam will lower tariffs on ethanol imports to 15pc for all grades from 10 July, though fuel ethanol trade seems unlikely to increase.

The change cuts tariffs from 17pc for 100pc pure ethanol and 20pc for 99pc or below for any country that does not have a free trade agreement with Vietnam.

Traders pointed to shaky demand as they shrugged off the revisions, which they do not expect to significantly expand fuel ethanol imports.

Vietnam currently blends around 63,000 t/yr of fuel ethanol with gasoline, according to market participants, well short of the 235,000 t/yr required to meet the government’s 5pc blend target (E5) established in 2018. Petrochemicals Enzymes Oxodegradable

Petrochemicals Enzymes Oxodegradable

-Toray’s Nylon Primeflex Now Available Worldwide

Long-Awaited Increase In Yarn Capacity Increases International Supply

Toray Industries, Inc., has announced a supply chain breakthrough that will make its Nylon Primeflex fabric available to the worldwide market.

Since its introduction five years ago, Nylon Primeflex has been an under-the-radar favorite for certain Toray customers in the Japanese market.

Small yarn capacity meant low production quantities, so available inventory was quickly purchased. Petrochemicals Enzymes Oxodegradable

Petrochemicals Enzymes Oxodegradable

-Adient modifies previously announced agreement with joint venture partner Yanfeng to restructure existing joint venture relationships; transactions still expected to close in Adient’s fourth quarter

Adient, a global leader in automotive seating, has entered into an amendment to its previously announced definitive agreement with Yanfeng Automotive Trim Systems Co., Ltd. (Yanfeng) to make certain changes to their existing joint venture relationships.

As part of the transactions contemplated by the definitive agreement entered into on Jan. 31, 2020, Adient agreed to sell its 30 percent ownership stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) to Yanfeng for US$ 379 million.  In connection with obtaining certain required regulatory consents, Adient and Yanfeng have agreed to certain modifications to the transactions. The purchase price for the sale by Adient of its 30 percent ownership stake in YFAI will be reduced to US$ 369 million, of which US$ 309 million will be paid at the closing of the agreed transactions and the remaining US$ 60 million will be paid on a deferred basis post-closing.  With respect to each YFAI fiscal year ending after the closing, starting with the year ending December 31, 2020, Adient will be paid an earnout in an amount equal to 30 percent of YFAI’s distributable earnings for such year until such time as the US$ 60 million deferred purchase price is fully paid. Petrochemicals Enzymes Oxodegradable

Petrochemicals Enzymes Oxodegradable

-French Veolia postpones launch of PET processing plant in Indonesia for third quarter

The French company Veolia has postponed the launch of its polyethylene terephthalate (R-PET) plant in Indonesia to the third quarter amid a coronavirus pandemic, a company representative told ICIS .  Petrochemicals Enzymes Oxodegradable

A plant with a capacity of 25 thousand tons per year will become the largest PET bottle-to-bottle recycling plant in Indonesia, founded by Veolia.

The plant was supposed to be launched in the first quarter of 2020.

“The opening of the plant was postponed due to COVID-19. Commissioning will begin in the third quarter of 2020,” a company spokesman said in a letter.

Earlier it was reported that the Bashkir Polyef JSC (Blagoveshchensk, part of SIBUR) plans to launch the recycling and recycling of PET bottles. The project has been submitted for public discussion, which will take place in the form of hearings in Blagoveshchensk on June 30.

French Veolia postpones launch of PET processing plant in Indonesia for third quarter

-Nissan and Sunwoda join hands for battery development

Nissan said it will expand the 100% electric motor-driven e-POWER technology into the B and C segment cars across the world.

New Delhi: Japanese carmaker Nissan Motor Co. Ltd has partnered with Sunwoda Electric Vehicle Battery Co. Ltd. for joint development of next-generation vehicle batteries for Nissan’s e-POWER models.

As Nissan says, the two companies will also discuss the development of an efficient production system to ensure stable supply capacity for jointly developed batteries. The partnership is expected to conclude in a final agreement by the end of 2020, said Nissan. Petrochemicals Enzymes Oxodegradable

Nissan is aiming to expand its global lineup of electric cars and e-POWER models. The company’s e-POWER technology consists of an electric motor that delivers power directly to the wheels and an onboard petrol engine that generates electricity for the motor.

Petrochemicals Enzymes Oxodegradable

-Amid the COVID-19 crisis and the looming economic recession, the Industrial Fabrics market worldwide will grow by a projected US$32 Billion, during the analysis period

driven by a revised compounded annual growth rate (CAGR) of 3. 4%. Polyamide, one of the segments analyzed and sized in this study, is forecast to grow at over 4% and reach a market size of US$29. 9 Billion by the end of the analysis period.

Reportlinker.com announces the release of the report “Global Industrial Fabrics Industry” – https://www.reportlinker.com/p05899697/?utm_source=GNW

An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Polyamide market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.  Petrochemicals Enzymes Oxodegradable

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.1% CAGR.

Amid the COVID-19 crisis and the looming economic recession, the Industrial Fabrics market worldwide will grow by a projected US$32 Billion, during the analysis period

-Can antiviral fabrics stop the spread of coronavirus?

As the world faces a stressful time with the rise of the Coronavirus pandemic, the world has carried out manyresearches for effective ways to prevent, treat, and cure COVID-19. Till now, medical experts and scientists have not yet found the medical solution to eradicate this pandemic. Meanwhile, many organizations across the globe including the World health organization (WHO), the US Centers for Disease Control and Prevention (CDC), and Indian Ministry of Health have recommended the people to wear face masks in public places especially when it is hard to keep physical distance from others to prevent or slow down the spread of the deadly virus.

Deeply concerning the spread of coronavirus, people do follow norms for wearing a facemask in public places to prevent themselves from contacting the air disease. However, most of the masks which are available in the markets block the viral particles but the fabric of the mask doesn’t kill the virus. A used and discarded mask can even become a vector for disease as a pathogen and multiply in its fabric; for this reason, many start-up companies and research institutions across the countries have started making facemask and PPEs out of antiviral fabric. Petrochemicals Enzymes Oxodegradable

-Ampacet introduces LIAD Smart ColorSave 1000 feeder

Ampacet has introduced the LIAD Smart ColorSave 1000, the only gravimetric feeder that features an outer protective shell with an inner floating weigh hopper and single-point load cell to ensure accuracy, even in industrial settings affected by vibration and other outside influences. Petrochemicals Enzymes Oxodegradable

ColorSave 1000 uses advanced algorithms to deliver unmatched dosing precision regardless of material density changes or other dynamic parameters, enabling manufacturers to feed expensive colours and additives at the lowest possible LDR and at the low end of the tolerance specification to save on masterbatch costs.

Ampacet introduces LIAD Smart ColorSave 1000 feeder

Petrochemicals Enzymes Oxodegradable

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-Novozymes acquires PrecisionBiotics

Danish-headquartered Novozymes has acquired PrecisionBiotics Group Limited for €80m ($m89.7).

Based in Cork, Ireland, PrecisionBiotics Group holds a leading position within probiotics for human gut health and Novozymes said it is well positioned with several clinically backed products already in the market.

“This acquisition fits well with our strategy, Better business with biology, where we have focus on human health as one of our opportunities for growth. With this investment, we take another important step in implementing the strategy and setting a foundation of growth for our business,”​ said Ester Baiget, president and CEO of Novozymes.

PrecisionBiotics Group has expertise within clinical development, upscaling and commercialization and is situated in Cork, Ireland, which is home to an academic society within human gut health.

Petrochemicals Enzymes Additive Biobased

-Texas oil industry faces prospect of collapse amid Covid-19 losses

Oil and gas producers are trying to reopen after a ‘devastating’ halt, but pessimism about an economic recovery is widespread

Jeffrey Lattea finally got his first unemployment check this week, a whole month after he was laid off again. The 34-year-old resorted to government assistance to cover his bills after losing his second job in the Texas oil and gas industry just six weeks into it.

Global stock market rally is a gamble, IMF warns investors

“My first company laid us off to stabilize their balance sheet,” the oil worker said, matter-of-factly. “I was able to secure a temporary position with another inspection company in Pasadena with a turnaround. They started doing layoffs after the first week, so I knew it was coming – but not that fast.” Petrochemicals Enzymes Additive Biobased

Lattea is among tens of thousands of workers across Texas – America’s largest oil-producing state – who have lost their jobs since coronavirus shutdowns dried up demand.

Petrochemicals Enzymes Additive Biobased

-Oil May Never Hit $100 Again

For more than a week now, oil prices have consolidated around the psychologically important $40/barrel level as the worst of the recent oil price crash appears to be in the rearview mirror. So far, OPEC+ production cuts appear to be going well with recalcitrant producers such as Iraq, Kazakhstan, Azerbaijan, Nigeria, and Angola toeing the line and raising hopes that the markets have been effectively rebalanced. Still, some oil punters believe that this is just the beginning and that oil prices are set to soar into rarefied territory. Petrochemicals Enzymes Additive Biobased

Specifically, JPMorgan has doubled-down on an earlier prediction of a “bullish supercycle” that could take oil prices well past $100/barrel due to a dramatic supply deficit.

Christyan Malek, JPMorgan’s head of Europe, Middle East and Africa oil and gas research, has reiterated an earlier bullish note where he had predicted that oil prices could soar to $190/barrel due to dramatic capex cuts by producers, among other factors.

Petrochemicals Enzymes Additive Biobased

-Virgin resin price vs. Recycled resin price

Plunging price of oil and the demand for recycled plastic

The impact of the COVID19 pandemic has had enormous repercussions on the oil industry. The unprecedented fall in demand sent prices plummeting, causing shockwaves to ripple through the plastic recycling industry and circular economy.

The price of virgin material is linked to the price of oil and, naturally, as oil prices fell virgin plastic became much cheaper, meaning manufacturers have started to choose to revert back to virgin plastics to save money over the more expensive recycled polymers.

What influences the price of recycled resin?

The elements that influence the pricing of recycled material are completely different to virgin plastics.  Petrochemicals Enzymes Additive Biobased

The collection, sorting and cleaning of material sent for recycling, as well as the cost of energy and equipment required is unconnected to the cost of virgin plastic, but contributes to the discrepancy in pricing between virgin and recycled plastic.

Petrochemicals Enzymes Additive Biobased

-Signs of recovery for Europe chemicals industry on the horizon but near-term conditions remain weak

Any recovery for the European chemicals sector is likely to be delayed until September, according to analysts from Baader Bank on Friday.

Business sentiment has picked up, and the prospect of a recovery could come to fruition in 2020-2021, but near-term circumstances remain bleak for the sector.

As buyers sit on full inventories, there is no need to restock material, which means markets could be quiet over the coming weeks. Petrochemicals Enzymes Additive Biobased

The pandemic has capped the feasibility of longer-reaching forecasts, with many companies uncertain of how economic conditions will unfold beyond July.

Petrochemicals Enzymes Additive Biobased

-Economic effects of COVID-19 on Japan: World’s 3rd largest

he data from Japan’s ministry of finance shows that Japan’s exports fell by 11.70 per cent in the current year till March compared with a 10.10 per cent decrease expected by economists in a Reuters poll. According to Takeshi Minami, chief economist at Norinchukin Research Institute, the impact of COVID-19 is going to continue through this year which would hinder the economic activity from normalising. Japan’s exports to China, its largest trading partner, have declined by 8.70 per cent in the year till March, reflecting a slump in items including textiles and apparels.

Japanese shipments to Asia, contributing to more than half of Japanese exports, declined by 9.40 per cent, and exports to the EU fell by 11.10 per cent due to the global spread of COVID-19. Imports fell 5 per cent in March, versus the median estimate for a 9.80 per cent decline. Petrochemicals Enzymes Additive Biobased

Economic effects of COVID-19 on Japan: World’s 3rd largest

-The Future of Single-Use Packaging in a Post-Pandemic World

Back in the summer of 2019, plastic packaging—particularly single use—was taking a beating and it looked like the future was bleak. Social media and viral videos made plastics the villain, singularly responsible for polluting the planet. Some plastics professionals were even pondering if they should jump to a different career path before it all came crashing down.  Petrochemicals Enzymes Additive Biobased

In a way, it was reminiscent of the era leading up to the Tylenol tampering in 1982, where the consumer battle cry of the time was “over packaging.”  For those of us who were around at the time, we know that a few months later, tamper-evident devices were mandated for over-the-counter pharmaceuticals. Many consumers did an about face and started complaining “why weren’t these devices on the packages to begin with?”

The Future of Single-Use Packaging in a Post-Pandemic World

-Eni and NextChem strengthen their partnership to develop circular economy technologies

Eni and NextChem, the Maire Tecnimont Group’s subsidiary for green chemistry, strengthen their partnership 1 year after their first agreement. This partnership will conduct research for a new project to be developed in Taranto, in addition to ongoing engineering studies for a waste-to-hydrogen production plant at the Eni bio refinery in Venice, Porto Marghera, and for a waste-to-methanol production plant at the Eni refinery in Livorno.  Petrochemicals Enzymes Additive Biobased

This phase is aimed at assessing the feasibility of a plant within the Taranto refinery for the production of new synthesis gas from plasmix and dry waste through a chemical recycling process. The gas produced will be then refined and produced through two separate channels: hydrogen, which can be used by the Eni refinery to assist the fuel hydrodesulphurisation process; gas with a high carbon monoxide content which can be used by the steel mill both in blast furnace processes and the new Direct Reduced Iron technologies. These studies could make a significant contribution in terms of decarbonisation or the steel industry.

Eni and NextChem strengthen their partnership to develop circular economy technologies

-PET Resin Demand Slackens Because of COVID-19

The consumption of bottled water, soft drinks, and on-the-go food products, all of which use PET-based packaging, typically rises as warmer weather envelops Europe and people go on vacation. This year will be different.

Polyethylene terephthalate (PET) is the most commonly used plastic to package bottled water, soft drinks, and on-the-go food products, and demand for those products tends to follow a cyclical, fairly predictable pattern. For example, as temperatures begin to rise and the European summer holiday season begins, the demand for PET resin increases, writes Susan Mair, Petrochemical Analyst at Independent Commodity Intelligence Services (ICIS), in a recent article. Bottled water and soft drink sales rise as warmer weather moves across the continent, she notes, and travelers typically eschew tap water when they are abroad, causing sales of bottled water to soar in holiday destinations. Petrochemicals Enzymes Additive Biobased

PET Resin Demand Slackens Because of COVID-19

-Start-up set to replace plastics with air

A UK start-up company has raised £6 million ($7.3m) in funding to help take to market a nano-scale technology that it claims will replace plastics with air. Void Technologies secured funding from two investors – SABIC Ventures (a subsidiary of SABIC) and the Capricorn Sustainable Chemistry Fund (managed by Belgium-based asset management firm Capricorn Partners) – for what it calls a “revolutionary technology” called VO+. The technology involves the engineering of a nano-scale cavitated structure into commodity and biobased plastics, which the company says has big implications for the reduction of plastics consumption. Petrochemicals Enzymes Additive Biobased

Void claims that it makes existing plastics work harder and perform better by offering the ability to significantly reduce the quantity of plastics used in applications such as packaging by up to 50 per cent, while remaining fully recyclable. These new plastics products made with VO+ are lighter, stronger, and more sustainable, claims Void. The technology is expected to make a significant contribution in enabling manufacturers, brand owners and retailers to reduce plastics consump

tion in order to achieve their sustainability targets. “We are delighted to have secured investment from two highly regarded investors during what is a very difficult time to raise finance owing to Covid-19,” said James Gibson, founding chief executive of Void. “The funds will enable us to expand our laboratory and technology development capabilities and establish manufacturing in both the US and Europe.” Aruna Subramanian, global head of SABIC Ventures, added: “Sustainability is embedded in the way SABIC does business. Our sustainability programme guides our ambition to be the world’s preferred supplier of chemicals. To this end

Start-up set to replace plastics with air

Petrochemicals Enzymes Additive Biobased

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Crude Oil Prices Trend 

Crude Oil Prices Trend 

-POLYONE LAUNCHES NEW ACETALDEHYDE PROCESS AID TO ENHANCE RPET PROCESSABILITY

PolyOne today launched ColorMatrix™ AAzure™ Acetaldehyde Control Additive, a process aid for PET and recycled PET (rPET) preforms with added acetaldehyde (AA) control capabilities. It is a patented liquid formulation that can reduce AA by up to 80 percent in the preform, helping to counter off-taste in bottled contents.

The increased use of rPET in PET bottles can lead to increased AA levels, but can also compromise bottle mechanical strength and create blowouts, both of which reduce productivity and increase scrap rates.

This technology helps to overcome these issues so that higher levels of rPET can be used, and it can be combined with recycle-friendly toners to offset the yellowing common with increased rPET content. One final benefit is a reduction in the energy required to heat preforms, which fosters roughly 25 percent lower carbon emissions.

Petrochemicals Enzymes Recycling Biobased

-AGILYX AND TECHNIPFMC TO COLLABORATE ON PATHWAYS FOR POLYSTYRENE RE-USE

Agilyx Corp. (Tigard, Ore.) announced an exclusive collaboration with TechnipFMC to jointly develop a process to purify Agilyx Styrene Oil to high-purity styrene. This collaboration has been the result of over a year of evaluation, and their desire to expand their energy transition and circular economy offerings. Agilyx also recently announced partnerships with Toyo in Japan and Lucite International, a group company of Mitsubishi Chemical Corp.  Petrochemicals Enzymes Recycling Biobased

Petrochemicals Enzymes Recycling Biobased

-OXO Biodegradable Vs Compostable Plastics

Let’s look at the similarities and differences between OXO biodegradable (Oxo-bio) and compostable plastics.

The purpose of this article is not to say which technology works better, but to understand both technologies better by comparing them. Compostable plastic is a big family so I may reduce the scope to PLA and PBAT when needed.

Applications

OXO-bio plastics and compostable plastics such as PLA and PBAT can be used for similar applications such as bags, packaging and mulch films.

Carbon origin

Most compostable plastics are biobased (PLA, PHA, PBS, PBAF). However, some are fossil-based such as PBAT and PCL.  OXO-bio plastics are usually fossil-based but the masterbatch can be mixed with bio-based polymers such as Bio-PE for instance.

Nature

OXO-bio is not a plastic resin on itself. It’s a catalyst to reduce the molecular weight of ordinary PE and PP to make them biodegradable.Petrochemicals Enzymes Recycling Biobased

Compostable plastics are plastics (resins) on their own and it’s possible to blend (mix) them with other compostable plastics (resins). PBAT and PLA can be blended together, and both can be blended with starch for instance.

Petrochemicals Enzymes Recycling Biobased

-Demand for resins in Brazil up 3% on year in Q1 2020 – Braskem

Demand for resins in Brazil in the first quarter of 2020 increased 3% year on year to 1.40 million mt and 7% quarter on quarter, reported S&P Global with reference to Brazilian petrochemical producer Braskem’s statement earlier this month.

Braskem said its crackers operated at a capacity utilization rate of 81%, up 3 percentage points quarter on quarter. Compared with Q1 2019, capacity utilization increased by 3 percentage points, Braskem said June 3.

The company’s resin (polyethylene (PE), polypropylene (PP) and PVC) sales in the Brazilian market totaled 882,000 mt, up 0.5% year on year and similar quarter on quarter.Petrochemicals Enzymes Recycling Biobased

“Market share has been stable or very similar to the past quarters,” Chief Financial Officer Pedro van Langendonck Teixeira de Freitas said June 3. “Braskem sells at an import parity in Brazil, which is part of our strategy. We adjust the prices to accommodate or to reflect prices with international prices and exchange rate,” Freitas said.

Demand for resins in Brazil up 3% on year in Q1 2020 - Braskem

-AKRO-PLASTIC GmbH develops home compostable and soil degradable compound for injection moulding applications

As a branch of AKRO-PLASTIC GmbH, BIO-FED is the specialist for innovative and application-oriented biocompounds.

The product portfolio under the trade name M·VERA is constantly being expanded with new products. Petrochemicals Enzymes Recycling Biobased

Depending on the requirements profile, these compounds are either biodegradable in various environments or suitable for long-term use – and completely or partially made from renewable raw materials.

Petrochemicals Enzymes Recycling Biobased

-Assets of closed Canadian film recycler acquired

A packaging producer purchased the assets of film recycling company Enviroplast and will use the equipment to supply itself with recycled pellets.

Montreal-based TC Transcontinental on June 16 announced its acquisition of the assets of Enviroplast, a reclaimer with facilities in Quebec and Ontario. The company processed post-industrial and post-consumer LDPE at its two Canadian facilities.

TC Transcontinental produces flexible plastic packaging, and the company framed its recent purchase as a way for the company to incorporate recycled plastic into its packaging products. In a release, the company said the acquisition is “part of our goal to vertically integrate the recycling of plastics in our packaging production chain” throughout North America and Latin America. Petrochemicals Enzymes Recycling Biobased

Petrochemicals Enzymes Recycling Biobased

– Neste and Jokey joined forces to develop rigid packaging from renewable materials

Neste’s headquarter in Espoo, Finland

Neste and Jokey, a leading international manufacturer of rigid plastic packaging, started collaborating with a target to develop the market for rigid packaging from sustainable renewable and recycled materials for food and non-food applications.

By promoting the use of more sustainable materials in packaging, such as those produced with Neste’s hiqh-quality drop-in hydrocarbons produced from renewable and recycled raw materials, the partners wish to help other companies using such rigid plastic packaging to meet their materials-related sustainability targets.

The joint aim of Neste and Jokey is to work towards a future with an increasing share of renewable and recycled materials and a plastics economy built upon solid circular value chains. Petrochemicals Enzymes Recycling Biobased

Neste and Jokey joined forces to develop rigid packaging from renewable materials

-Save the date: 2nd International Conference on Cellulose Fibres, 2–3 February 2021, Cologne (Germany) – Submission for abstracts and innovations as well as requests for sponsorship are now possible.

The first conference already hit the mark, the second will go one step further! The focus will be on strategies, markets, technologies and sustainability – particularly on alternative cellulose feedstocks in order to reduce the demand for virgin cellulose, even as demand for cellulose fibre will in total further increase. 300 participants and 30 exhibitors are expected.  Petrochemicals Enzymes Recycling Biobased

2nd International Conference on Cellulose Fibres will be all about the fastest growing fibre group in textiles, the largest investment sector in the bio-based economy and the solution for avoiding microplastics from textile washing.

With 210 participants and 15 exhibitors from 26 different countries, the 1st International Conference on Cellulose Fibres in February 2020 was a great success and exceeded all expectations. Michael Carus, CEO of nova-institute and initiator of the conference stated: “The first conference on cellulose fibres hit the mark. We have given the growing industry an ideal platform for exchange and networking. Due to the extremely positive feedback, we believe that we will be able to attract even more experts from the cellulose fibre sector for the second event.”

Save the date: 2nd International Conference on Cellulose Fibres, 2–3 February 2021, Cologne (Germany)

-Invista Victoria ADN retrofit on target for early 2021 startup

Invista says the USD250 million retrofit of its Victoria, Texas, adiponitrile (ADN) unit remains on schedule, with completion slated for early 2021, said Chemweek.

“We anticipate all pre-turnaround construction will be completed later this year, and the final tie-ins are to be installed during a regularly scheduled maintenance outage in early 2021 with additional ADN coming online at that time,” says a statement from the company. Petrochemicals Enzymes Recycling Biobased

The retrofit, announced in 2017, will allow the Victoria facility to employ a new Invista process that provides higher ADN product yields while lowering energy consumption, greenhouse gas emissions, and capital intensity than the current process. First scaled up at Invista’s Orange, Texas, facility, the technology has also been deployed at the Chalampe, France, site of Butachimie, Invista’s joint venture with BASF, and it will be implemented in Invista’s new 400,000 metric tons/year ADN project in Shanghai, China, which broke ground earlier this month.

ADN, a key feedstock for nylon-6,6, has been tight in recent years. Three producers—Invista, Ascend, and Asahi Kasei—control the technology used to produce it at commercial scale.

Invista Victoria ADN retrofit on target for early 2021 startup

-Asia’s petrochemical trade slows ahead of holiday in China

Asia’s petrochemical trade mostly slowed down ahead of the Dragon Boat Festival holiday in China on 25-27 June, with sentiment in key feedstock markets also weighed by the recent decline in crude oil prices.

Market players in China retreated from the market early in the week ahead of the holiday, with discussions in the butadiene (BD), benzene and styrene monomer (SM) markets remaining thin. Petrochemicals Enzymes Recycling Biobased

Sentiment was further weighed by the weakness in international crude markets. Oil prices extended losses seen in the previous session on Thursday amid worries over a resurgence in global coronavirus

Asia’s petrochemical trade slows ahead of holiday in China

Petrochemicals Enzymes Recycling Biobased

Petrochemicals Enzymes Recycling Cellulose 25-06-2020

 

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Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Bottle bales prices move lower amid increasing supply

Recently, bottle flakes cleaning plants in Hebei, Shandong and Fujian and some recycled chemical fiber plants reflect that PET flake suppliers show higher enthusiasm for sales. Bottle bales supply increases obviously, and purchase prices move lower generally.

In Hebei, purchase prices of bottle bales have declined for two days. Prices of three-color bottle bales decline from 3,500yuan/mt to 3,300yuan/mt, and supply has not reduced after prices decline. In Fujian, supply is large when buyers purchase bottle bales at 3,200yuan/mt, and then, buyers revise lower the prices to 3,000yuan/mt.

Then, why do bottle bales prices decline recently?

First, with higher temperature, the consumption of soft drinks in the market has increased significantly, and the recycling volumes of bottles increase.

Bottle bales prices move lower amid increasing supply

-COVID-19 Sparks Renaissance of Single-Use Plastics

Many states as well as countries around the world have taken great pains to eliminate plastic drinking straws and stirrers from the waste stream, including through regulations and outright bans. Plastic retail bags haven’t fared so well, either, with bag bans proliferating globally. Petrochemicals Enzymes Recycling Cellulose

Plastic was expected to “lose its share of the global foodservice single-use product market to paper and other more eco-friendly materials through 2024,” according to a study update from the Freedonia Group, “Foodservice Single-Use Straws, Bags Boosted by COVID-Related Suspension of Bans.”

That changed somewhat earlier this year as COVID-19 caused even the most strictly regulated markets, including California and the United Kingdom, to suspend regulations on single-use plastics, said the Freedonia report. “This will provide a short-term boost for the global single-use foodservice product market, which totaled $58 billion in 2019.”

Petrochemicals Enzymes Recycling Cellulose

-Sacmi hit by slowdown but PET remains strong

Italian packaging equipment manufacturer Sacmi has pointed to a sharp slowdown in global demand as its revenue fell 13 per cent in 2019.

Sacmi said the slowdown had not only occurred in more mature markets such as Europe, but also in China and the Far East, with growth falling short of expectations in almost every sector. Petrochemicals Enzymes Recycling Cellulose

But while its ceramics business suffered the most, the company’s closures, containers & PET operations had “continued to perform positively”, according to its 2019 Annual Report.

Sacmi’s beverage, and packaging & chocolate divisions fell short of expectations, again as a result of the slowdown in international demand for complete plants, the report said. This was offset by a strong drive towards the development of new machines, it stated.

Petrochemicals Enzymes Recycling Cellulose

-Henkel and Terracycle partner to help keep Canada clean

Henkel, a leader in laundry and home care, has teamed up with international recycling leader TerraCycle® to create a free recycling program throughout Canada for Henkel’s Sunlight® and Purex® brand plastic detergent pouches. By purchasing Sunlight or Purex pouches in Canada and recycling the empty containers through the program, Canadian consumers can earn TerraCycle points redeemable for charitable gifts or converted to cash and donated to the non-profit, school or charitable organization of their choice.  Petrochemicals Enzymes Recycling Cellulose

“Henkel has been focusing on sustainability in packaging for several decades and is now pleased to partner with TerraCycle to enable this creative approach to help ensure that Sunlight and Purex product packaging can be recycled after the product has been consumed,” said Mario Altan, General Manager Henkel Canada. “This partnership is part of our commitment that, by 2025, 100 percent of Henkel’s packaging will be recyclable, reusable or compostable*.”

Petrochemicals Enzymes Recycling Cellulose

-Study: Plastic Use in Asphalt Pavements Showing Promising Results

Plastics Industry Association and NCAT study shows that asphalt formulations using recycled polyethylene (rPE) film recovered from retail locations could achieve many of the same benefits of traditional polymer-modified asphalt formulations.

According to the Environmental Protection Agency, approximately 33 million tons of plastics were generated in 2014, with only less than 10 percent being recycled. The asphalt industry, being a leader in recycling and sustainability, has been looking for ways to use this waste materials in roadways. As with any experimental material in our roads, the proper testing needed to be done to ensure the process would result in long-lasting and high-performing roadways.  Petrochemicals Enzymes Recycling Cellulose

The Plastics Industry Association (PLASTICS) has worked to advance a research effort to explore using post-consumer recycled PE films as polymer additives in asphalt binder.

Petrochemicals Enzymes Recycling Cellulose

-China’s benzene weakens on ample supply & thinning demand

China’s benzene prices slipped gradually since the second week of June, after going up in early June boosted by firmer oil price, with East China index fluctuating down from 3,635yuan/mt on June 8 to 3,350yuan/mt on June 23. CFR China price slipped from $455/mt to around $425/mt. Trading sentiment slowed down as the supply-demand situation has shown signs of weakening. Petrochemicals Enzymes Recycling Cellulose

Crude oil prices stood above $40 per barrel, and the continuous support for benzene market is weakening. Market participants paid more attentions on the fundamental itself.

Sinopec revised down benzene listed price twice since June 15 by 200 yuan/mt in total to 3,500yuan/mt by June 23, reflecting persistent weakness in China domestic cargoes as inventories continued to grow while buying interests from traders and downstream buyers began to thin.

Petrochemicals Enzymes Recycling Cellulose

-Towards a Green Future: Efficient Laser Technique Can Convert Cellulose into Biofuel

Scientists in Japan have developed a novel laser-based strategy for the effective degradation of cellulose into useful products.

The plant product cellulose is the most abundant form of biomass globally and can be converted into useful products such as biofuels. However, the processing of this biopolymer is cumbersome, owing to its rigid, water-insoluble structure.

To overcome this, scientists in Japan recently developed a novel laser-based technique that makes cellulose degradation easier.  Petrochemicals Enzymes Recycling Cellulose

Because this reaction does not require harsh conditions, it can lead to the efficient application of cellulose across various industries, especially environmental technology.

Towards a Green Future: Efficient Laser Technique Can Convert Cellulose into Biofuel

-Europe chems supply chains strengthen but pre-crisis conditions still in the distance

Activity along European chemicals supply chains is gradually reviving after the disruption of  of the coronavirus pandemic but pre-crisis operating conditions still remain a long way away, according to distributors’ trade group FECC.

The response to the pandemic led to border closures, quarantine measures and other disruptions that, particularly in the early days of European lockdown, resulted in tailbacks at some borders and disruptions at ports. Petrochemicals Enzymes Recycling Cellulose

The level of disruption has eased since governments began to reopen economies, with the shockwaves of March-April continuing to ripple through the economy, but supply chains that were strongly impacted have started to revive, although pre-Covid conditions remain on the distant horizon, according to Dorothee Arns, director general of the European Association of Chemical Distributors (FECC).

Europe chems supply chains strengthen but pre-crisis conditions still in the distance

-Northwest European naphtha margins near 2-year high

Naphtha refining margins in northwest Europe have reached their highest level in almost two years, supported by low refinery runs in the region and firm export demand.

The northwest European naphtha cargo price was assessed at $392.25/t yesterday, the highest on an outright basis since 5 March and 56¢/bl above Atlantic basin crude benchmark North Sea Dated. The last time naphtha values were above the crude benchmark in northwest Europe was on 15 August 2018.

Naphtha was also assessed above the benchmark Eurobob Oxy gasoline contract. Prior to the onset of the Covid-19 pandemic, naphtha had closed higher than the benchmark gasoline contract on only two trading days since 2014.

But the disruption to European refining has pushed naphtha prices above gasoline on four separate occasions since the beginning of March, albeit never for longer than three consecutive trading days. Petrochemicals Enzymes Recycling Cellulose

Northwest European naphtha margins near 2-year high

-Recycling news from prime producers

Virgin plastics companies recently released PCR offerings, published 2019 sustainability reports and provided updates on chemical recycling technologies.

The following are a few recent announcements from global chemical giants:

Eastman Chemical has released a copolyester with recycled content produced through a PET depolymerization process.

The Tritan Renew copolyester, which is suitable for a range of durable goods, incorporates 50% recycled content. To produce the recycled plastic, Eastman uses a methanolysis process to depolymerize tough-to-recycle polyester items into dimethyl terephthalate (DMT) and ethylene glycol (EG), which are monomers that can then be used to make new plastic. Petrochemicals Enzymes Recycling Cellulose

The Kingsport, Tenn.-based company calls its process “polyester renewal technology (PRT).” A company spokesperson said the use of scrap plastics for the initial Tritan Renew products is expected to result in an 8% reduction in greenhouse gas emissions when compared with the same grade of Tritan produced from virgin resources.

Recycling news from prime producers

Petrochemicals Enzymes Recycling Cellulose

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Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-PET Resin Demand Slackens Because of COVID-19

Polyethylene terephthalate (PET) is the most commonly used plastic to package bottled water, soft drinks, and on-the-go food products, and demand for those products tends to follow a cyclical, fairly predictable pattern.

For example, as temperatures begin to rise and the European summer holiday season begins, the demand for PET resin increases, writes Susan Mair, Petrochemical Analyst at Independent Commodity Intelligence Services (ICIS), in a recent article.

Bottled water and soft drink sales rise as warmer weather moves across the continent, she notes, and travelers typically eschew tap water when they are abroad, causing sales of bottled water to soar in holiday destinations.

None of that is likely to happen this year as a result of the COVID-19 pandemic and consequent shelter-in-place and lockdown measures.

Petrochemicals Enzymes Recycling Cars

-Waste plastic bottles recycled into quality consumer products

Recycled transparent plastic bottles have been reborn as various high-quality products, such as clothing, bags and cosmetic bottles, under the government’s new waste recycling policy, the Ministry of Environment said Tuesday.

Under the recycling policy that went into effect in February this year, discarded transparent plastic bottles have been separately collected from apartment and public garbage dumps in Seoul, Busan and Jeju Province to be recycled into high-quality consumer products through collaboration with local companies, the ministry said.

Previously, waste plastic bottles used in South Korea to produce clothes and other products were all imported from abroad. Petrochemicals Enzymes Recycling Cars

Only 10 percent of old plastic bottles collected locally were recycled into high-quality consumer products.

Petrochemicals Enzymes Recycling Cars

-New degradable compound for injection moulding

A new, home-compostable bioplastic has been developed that can be used in injection moulding applications.

The new M·VERA GP1012 has been specially designed for this processing technique. It consists primarily of renewable resources and is certified as OK biodegradable SOIL and OK compost HOME by TÜV AUSTRIA Belgium for wall thicknesses up to 1 mm. It is particularly suitable for applications requiring high stiffness (tensile modulus 2,000 MPa) and can therefore be used for a wide range of household articles, toys, packaging, coffee capsules, etc. Petrochemicals Enzymes Recycling Cars

“This compound consists of almost 100% high-quality, renewable raw materials and is excellently suited for the production of rigid objects,” says Ulf Malcharczik, Business Development Manager at Bio-Fed. According to the compounder, a food safety approval has also been granted.

Petrochemicals Enzymes Recycling Cars

icals Enzymes Recycling Cars

-Europe plastics polymers 2020 output severely impacted by pandemic

Production of polymers used for plastics packaging are to be severely impacted in 2020 across Europe on the back of the coronavirus pandemic-induced lockdowns, according to forecasts by ICIS.Petrochemicals Enzymes Recycling Cars

Output of polyvinyl chloride (PVC), widely used in the construction industry, is expected to fall by more than 500,000 tonnes this year compared to 2019.

Polycarbonates (PC) output is expected to post a decrease of more than 15% year on year; PC is mainly used for electronic applications.

FALLS ACROSS THE BOARD

“The fall in demand for PVC has varied by country within Europe. Germany and a number of central European countries saw a fall of demand of around 40% at the worst point in April whereas Italy, France and the UK saw larger drops in the region of 60–70%,” said Robert Searle, ICIS Petrochemicals Analyst.

Europe plastics polymers 2020 output severely impacted by pandemic

-Chemical Recycling Europe says its processes will close loops

Association says chemical recycling can “upcycle” plastics beyond those used most commonly in packaging applications.Petrochemicals Enzymes Recycling Cars

Brussels-based association Chemical Recycling Europe says processes used by its members are distinct from energy recovery, and instead should be viewed as “upcycling” and as keeping polymers in a closed loop.

The association issued the statements in response to Priority 9 in a list that was recently developed by “various European Union non-governmental organizations and associations.” Chemical Recycling Europe says it largely supports the list of 10 priorities, but contends the chemical recycling methods of its members should be more clearly identified for their ability “to close the material loop by converting plastic [scrap] currently not recycled into high-quality products.”

Europe plastics polymers 2020 output severely impacted by pandemic

-Europe R-PET clouded by poor demand, high stocks and low virgin PET prices

Players in the recycled polyethylene terephthalate (R-PET) are being very cautious in their views for July as many focus on the immediate issues of weak demand, high stock levels and low virgin PET prices. Petrochemicals Enzymes Recycling Cars

June prices for both colourless (C) and mixed coloured (MC) post-consumer bottles (PCB) and flakes dropped on the back of weak demand largely caused by substitution back to very low priced virgin PET, as well as an overall lack of demand for R-PET in the European market.

Of the sources that were willing to comment, the sentiment appears to be remaining bearish, with several continuing to see only downward pressure on prices, as was the case in June.

“July is a mixed picture,” a flake seller said.

“[There is] still pressure on prices so [we] expect further decrease but don’t know how much.”

Europe R-PET clouded by poor demand, high stocks and low virgin PET prices Players in the recycled polyethylene terephthalate (R-PET) are being very cautious in

-IW Capital leads £10 million Growth Equity investment for Transcend Packaging – the eco-friendly company transforming the packaging industry

IW Capital today announces the completion of a £10 million investment round for Transcend Packaging, providing a boost to the company in its goal to reduce consumer and industry reliance on single-use plastic by providing paper-based alternatives.

Transcend Packaging – founded in 2017 – is a leader in sustainable packaging which is targeting the replacement of single-use plastics by making in demand paper and fibre-based alternatives. Petrochemicals Enzymes Recycling Cars

Transcend utilises state of the art digital printing and specialty coating technology allowing paper straws, cups, and food containers to fully replace their plastic counterparts. Since its founding, the company has seen significant growth and partnerships with leading consumer brands such as McDonald’s, KFC and Starbucks.

IW Capital leads £10 million Growth Equity investment for Transcend Packaging – the eco-friendly company transforming the packaging industry

-South Asia Textiles to export new fabric tested against COVID to United States

South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric for leading brands across the globe and HeiQ Materials AG, a Swiss based global leader in textile innovation creating some of the most effective, durable and high-performance textile technologies currently available across the world, are collaborating to produce a specially treated fabric to be used for masks exported to the US (United States of America). South Asia Textiles’ knitted jersey fabric combined with HeiQ’s recently launched anti-viral and anti-microbial agent, HeiQ Viroblock NPJ03 was commissioned by a high-quality US brand working in close collaboration with partners in the US. Petrochemicals Enzymes Recycling Cars

Commenting on the partnership, Mr Prithiv Dorai, Managing Director/Chief Executive Officer, South Asia Textiles Limited stated, “We are excited about the partnership with HeiQ and are hopeful that we can positively contribute towards the need of the  situation.

-South Asia Textiles to export new fabric tested against COVID to United States

-Waste plastic bottles recycled into quality consumer products

Recycled transparent plastic bottles have been reborn as various high-quality products, such as clothing, bags and cosmetic bottles, under the government’s new waste recycling policy, the Ministry of Environment said Tuesday.

Under the recycling policy that went into effect in February this year, discarded transparent plastic bottles have been separately collected from apartment and public garbage dumps in Seoul, Busan and Jeju Province to be recycled into high-quality consumer products through collaboration with local companies, the ministry said. Petrochemicals Enzymes Recycling Cars

Waste plastic bottles recycled into quality consumer products

-Asia’s petrochemical demand recovery in limbo amid easing of restrictions

Asia’s petrochemical demand recovery is likely to be in limbo despite countries easing restrictions on their lockdowns, amid a resurgence of the coronavirus in Beijing.

New cases in Beijing and a global record single-day increase of nearly 190,000 coronavirus cases on Sunday signaled a world economy sullen with gloomy data.

The Asian benzene market continue to face elevated inventories in China and with deep-sea lots set to continue arriving in China and Taiwan, supply is expected to remain ample in the region. Petrochemicals Enzymes Recycling Cars

Some sellers concede that it has become difficult to move benzene cargoes in recent weeks, with many buyers not in a hurry to purchase.

Asia's petrochemical demand recovery in limbo amid easing of restrictions

Petrochemicals Enzymes Recycling Cars

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-Crude Oil Prices Trend

Crude Oil Prices Trend

-What is the new US Plastic Waste Reduction and Recycling Act?

Earlier this week, US representatives for Michigan and Ohio, Haley Stevens and Anthony Gonzalez, introduced the Plastic Waste Reduction and Recycling Act. Packaging Gateway looks into how this legislation could affect US-based packaging companies.

The Plastic Waste Reduction and Recycling Act will guide the director of the Office of Science and Technology Policy to establish a plastic waste reduction and recycling programme to improve the global competitiveness of the US recycling industry.

The act aims to reduce plastic waste, encourage research into and technologies for recycling infrastructure, and ensure US leadership in national and international standards development.

Petrochemicals Enzymes Carbonfiber Cars

-Graphene-enhanced smart textiles developed for heat adaptive clothing

New research at the University of Manchester’s National Graphene Institute focuses on graphene-enhanced smart adaptive clothing which can lower the body temperature of the wearer in hot climates. Petrochemicals Enzymes Carbonfiber Cars

The team of scientists has created a prototype garment to demonstrate dynamic thermal radiation control within a piece of clothing by utilizing the remarkable thermal properties and flexibility of graphene. The development also opens the door to new applications such as, interactive infrared displays and covert infrared communication on textiles.

The human body radiates energy in the form of electromagnetic waves in the infrared spectrum (known as blackbody radiation). In a hot climate it is desirable to make use the full extent of the infrared radiation to lower the body temperature which can be achieved by using infrared-transparent textiles. As for the opposite case, infrared-blocking covers are ideal to minimize the energy loss from the body. Emergency blankets are a common example used to deal with treating extreme cases of body temperature fluctuation.

Petrochemicals Enzymes Carbonfiber Cars

-PolyOne strengthens its sustainability portfolio in Europe

PolyOne announced it is adding production of both post-industrial recycled nylon grades and bio-based thermoplastic elastomers in Europe. This strengthened sustainability portfolio will support circular economy goals and provide additional eco-conscious material options for EU customers.  Petrochemicals Enzymes Carbonfiber Cars

Europe now accounts for 25 percent of global bioplastics production, a figure set to increase to 30 percent by 2024, according to the European Bioplastics Association. Fueling this growth, in part, are public commitments from brands across a range of industries to increase their use of recycled plastics.

Petrochemicals Enzymes Carbonfiber Cars

-An ignored supply-demand issue of caprolactam

Beginning 2020, Caprolactam market had been heavily hit down by bearish demand due to the new coronavirus impact. And prices went through free fall when transaction dropped to freezing low. But since early April 2020, China domestic CPL prices had significantly risen by 3,150yuan/mt or 42% during April 1 and June 17, 2020. And even when Sinopec cut down benzene nomination in early June, CPL market extended the increase. This caused intense discussions internally.

There were some questions frequently asked as caprolactam price continued rocketing up: why CPL price could rose so much when China domestic plants were operating at such high rate? Is Market demand really good? Petrochemicals Enzymes Carbonfiber Cars

There are actually two key questions in the complex. Frist, why CPL prices could sustain such long-term increase when the average operating rate stood high? –It was because of the demand for CPL from nylon 6 chip plants was even larger!

Petrochemicals Enzymes Carbonfiber Cars

Petrochemicals Enzymes Carbonfiber Cars

-Korean firm develops antimicrobial copper film to neutralize COVID-19

An antimicrobial copper film developed by a Korean company has demonstrated strong neutralizing activity against COVID-19, adding firearms to Korean battle with the epidemic. Petrochemicals Enzymes Carbonfiber Cars

According to CleanCU, a South Korean company developer of antimicrobial plastic materials, on Thursday, a test conducted by Korea University Hospital showed the company’s film branded as K COPPER PLUS that contains antimicrobial copper neutralized 77.8 percent of the coronavirus within 8 hours and up to 97.2 percent within 24 hours compared to a comparator film.

In the test, where three coronavirus groups that contain 100,000, 10,000 and 1,000 units, respectively, were exposed to CleanCU’s antimicrobial copper film for 24 hours at room temperature, the viruses lost 97.2 percent, 90.6 percent, and 96.7 percent, respectively, in infection ability, according to the company.

Petrochemicals Enzymes Carbonfiber Cars

-Wittmann Group will skip Fakuma 2020

The Group cites health concerns and uncertainty about compliance with regulations as the reason    Petrochemicals Enzymes Carbonfiber Cars

Austrian plastics machinery manufacturer Wittmann Group has announced that it will not be exhibiting at the Fakuma trade fair in Friedrichshafen this year.

According to a statement from the management on the company’s site, the decision not to participate – ‘in the event of a Fakuma 2020 trade fair actually being held’ – was the result of ongoing uncertainty as to how a trade fair booth could be set up and run in compliance with the necessary safety measures then in force. The decision was not an easy one, the Group stressed, but, as it said in the statement: “Since, as is generally known, large gatherings of people in particular are an ideal breeding ground for a renewed outbreak of the COVID-19 virus, the Wittmann Group would rather not expose its associates and visitors to such an incalculable health risk.”

Wittmann Group will skip Fakuma 2020

-Clariant ColorWorks applies IR-detectable black technology to increase recyclability of dark colours

Clariant has developed a range of deep, dark colours that normally would have required the use of carbon black pigments that makes them undetectable by the near-infrared (NIR) sensors used in automated polymer sorting systems at recycling centres.

The new Clariant colour concepts, developed in its ColorWorks design and technology centre near Milan in Italy, now makes it possible to explore a darker colour space entirely without the use of carbon black. Petrochemicals Enzymes Carbonfiber Cars

Clariant ColorWorks applies IR-detectable black technology to increase recyclability of dark colours

-Sugarcane regions urged to look at producing bioplastics, but viability a concern

As Queensland cane farmers and mills grapple with low sugar prices, a North Queensland politician has renewed calls for the industry to diversify by manufacturing bioplastics.

Bioplastics are made from plant-based materials and are appealing as eco-friendly wrapping due to their ability to break down.

The Member for Mackay, Labor’s Julieanne Gilbert, said cane-farming regions were well placed to pioneer the industry. Petrochemicals Enzymes Carbonfiber Cars

“We have got an abundance of resources right here in Mackay,” she said.

“We’ve got feedstock we can use from our sugarcane crops, we’ve got plenty of water, we’ve got power, we’ve got land … and highly skilled people.”

Sugarcane regions urged to look at producing bioplastics, but viability a concern

-Pak PYMA decries 2.5% additional regulatory duty on yarn

The Pakistan Yarn Merchants Association (PYMA) recently expressed its frustration at the government for not offering relief on imported raw materials to the textile industry and small and medium enterprises (SMEs) in the 2020-21 budget. Association chairman Danish Hanif also termed the imposition of a regulatory duty of 2.5 per cent on raw materials ‘disastrous’.  Petrochemicals Enzymes Carbonfiber Cars

Hanif urged the government to provide equal business opportunities based on a uniform policy for the export, import and industrial sectors.

Around 70 per cent of the need for polyester filament yarn (PFY), an important raw material for weaving, knitting and home textiles, is met by imports. PFY was subjected to a higher customs duty of 11 per cent and additional customs duty of 2 per cent and PYMA has been opposing this for three years. However, it has not been abolished, he was quoted as saying by Pakistani media reports.

Pak PYMA decries 2.5% additional regulatory duty on yarn

-Cars with eco-friendly interiors

Printed and digital download photos available

Manufacturers are pushing to introduce more recycled materials into their cars.

Jack Evans rounds up some of the brands embracing the trend.

Everyone is being encouraged to recycle more than ever, such as households looking to reduce the amount of single-use plastics used.

It’s a valiant endeavour too, with the aim of lowering the detrimental impact we have on the environment striking a chord with many. Petrochemicals Enzymes Carbonfiber Cars

The message is hitting home with car manufacturers too.

Cars with eco-friendly interiors

-30Motivational Pictures

Petrochemicals Enzymes CircularEconomy 22-06-2020

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Petrochemical Polymers PETBottles Ethylene Trend

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Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Automotive – impact on chemicals

The automotive industry has an important relationship with the chemicals sector while remaining an instrumental force on the global economy as an employment-intensive sector.

In a fast-changing world, automotive manufacturing is susceptible to unique challenges. While vehicle manufacturers are impacted by material prices, trends impacting the market ripple upstream.  Petrochemicals Enzymes CircularEconomy

Petrochemicals Enzymes CircularEconomy

-What’s Holding Back A Full Recovery In Oil Demand

Odds of a V-shaped recovery in oil demand are shrinking.

Demand for jet fuel will continue to drag on global oil demand for at least another two years.

Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products.

Since oil demand started crashing amid lockdowns to contain the coronavirus, analysts have been trying to predict when demand will return to the pre-crisis levels, throwing in V, U, or L shaped forecasts. There is a growing consensus among major international forecasting agencies that a ‘return to normal’ oil demand will take longer than anticipated—probably until 2022. Many analysts believe that a V-shaped recovery for total global oil demand is not in the cards.  Petrochemicals Enzymes CircularEconomy

While oil demand for road transportation is showing signs of recovery–especially in China, which exited lockdowns first–demand for jet fuel will continue to drag on global oil demand for at least another two years. Permanent changes in lifestyle and possible reduced commuting in developed economies (with work from home now the norm rather than the exception) could also weigh on oil demand. Then there’s the recession with high unemployment rates and reduced manufacturing activity, which could also stall the recovery in oil demand.

Petrochemicals Enzymes CircularEconomy

-China faceoff unlikely to impact Covid-19 fight

Over the last three months, the Centre has actively encouraged companies to start manufacturing products that they had never produced before, or scale up production manifold. If the products were not made in India, the science and technology department encouraged its institutes of eminence to innovate and develop the knowhow. Petrochemicals Enzymes CircularEconomy

The Galwan Valley faceoff with China is unlikely to affect India’s Covid-19 fight as all the essentials, from safety gears to testing products, are now being manufactured indigenously, reducing the dependence on Chinese imports to almost nil, medical experts have said.

From polyester swab sticks and viral transport medium to testing kits and personal protective equipment – India is now self-sufficient, they said.

Over the last three months, the Centre has actively encouraged companies to start manufacturing products that they had never produced before, or scale up production manifold. If the products were not made in India, the science and technology department encouraged its institutes of eminence to innovate and develop the knowhow.

Petrochemicals Enzymes CircularEconomy

-COVID-19 is hurting demand for PET, report says

Lockdowns and restrictions are dampening demand for PET in what should be a season of high demand, according to a new report from an analyst at ICIS.

COVID-19 has significantly changed the nature of consumer behaviour, increasing the strain on supply chains and wiping out traditional seasonal demand patterns – which means that the pandemic is playing havoc with polyethylene terephthalate (PET), the most commonly used plastic to package bottled water, soft drinks, and food products.

According to a new report from Susan Mair, petrochemical analyst at Houston-based market research firm ICIS, demand for PET has traditionally followed a cyclical, fairly predictable pattern. “PET resin demand typically exhibits seasonal patterns,” Mair said. “In Q2 as temperatures begin to rise and the European holiday season begins, the demand for PET resin increases. Petrochemicals Enzymes CircularEconomy

Bottled water and soft drink sales increase in line with warm, dry weather and convertors will stock up on resin ahead of the expected peak in sales. Demand is often weakest in Q1 when temperatures are at their lowest and the demand from the festive period wanes.”

Petrochemicals Enzymes CircularEconomy

-Researchers develop solvent-free technique for plastic production that could reduce manufacturing costs

A team at Purdue University has developed a new way for manufacturers to mix polymers and nanocellulose in order to save material and production steps when using plant-based materials in auto part and food packaging molding.

Researchers at Purdue University, in West Lafayette, Indiana, have developed a new way for manufacturers to mix polymers and nanocellulose, which could reduce manufacturing costs for vehicles part and food packaging by minimizing the use of solvents.

Nanocellulose is a green nanomaterial derived from natural sources such as plant matter, and normally requires solvents or other dispersants to be added to the mixture to improve the material’s dispersion in polymers. The downsides? “These methods can be very expensive for manufacturers, who must add additional processes and machinery to comply with emission standards that may be impacted by the use of the solvents,” said Jeffrey Youngblood, a professor of materials engineering in Purdue’s College of Engineering.  Petrochemicals Enzymes CircularEconomy

Researchers develop solvent-free technique for plastic production that could reduce manufacturing costs

-JP Morgan Predicts $100 Oil

JP Morgan’s head of oil and gas research for EMEA: The reality is the chances of oil going toward $100 at this point are higher than three months ago.

The current situation is fundamentally no different, according to JP Morgan’s analyst, who expects the oil market to swing into a deficit sometime in 2022.

It may sound far-fetched at a time when many are worrying if Brent could rise back to $50 a barrel, but at least one analyst believes the benchmark could not only recoup all that it lost in value since the start of the year but shoot up over $100 a barrel in the observable future.  Petrochemicals Enzymes CircularEconomy

“The reality is the chances of oil going toward $100 at this point are higher than three months ago,” JP Morgan’s head of oil and gas research for EMEA, Christyan Malek, said as quoted by CNN.

The reason is simple: the cyclical nature of the oil industry. In March, before the coronavirus pandemic really hit, JP Morgan’s analysts issued a note saying the oil industry was entering a supercycle that could see the price of oil hit $190 a barrel by 2025. According to Malek, this is still a distinct possibility.

JP Morgan Predicts $100 Oil

-Coronavirus: How Hong Kong’s dramatic drop in recycling sets a dangerous new norm

In 2013, the Hong Kong government set a target that, by 2022, each person would throw away no more than 0.8 kg of waste per day. But this plan hasn’t quite worked out.  Petrochemicals Enzymes CircularEconomy

The situation is worse now than it’s ever been – in 2018, Hong Kong sent an average of 1.53kg per person to landfill each day, representing a 20 per cent increase in 2013.

Meanwhile, Hong Kong’s three remaining landfills are closer to reaching capacity every day, with many projections indicating they will be full by the end of the year.

So, where does the impact of Covid-19 fit into this bleak picture?

As data on municipal solid waste (MSW) disposal rates during the pandemic have yet to be collected, it is hard to establish if the amount of waste being sent to landfill has increased or decreased in the past few months.

Coronavirus: How Hong Kong’s dramatic drop in recycling sets a dangerous new norm

-C-P Flexible Packaging Announces Acquisition of Genpak Flexible

(MENAFN – Caribbean News Global) YORK, Pa.-(BUSINESS WIRE)-C-P Flexible Packaging—a leading manufacturer of flexible packaging including rollstock, premade pouches, resealable packaging and shrink sleeves—announced today the acquisition of Genpak Flexible from The Jim Pattison Group.

Genpak Flexible is a leading North American supplier of compostable packaging and offers a wide range of unique, patented flexible packaging solutions. C-P Flexible Packaging is a longstanding portfolio company of First Atlantic Capital, a New York based private equity firm.

C-P Flexible Packaging Announces Acquisition of Genpak Flexible

-Coming soon: A virus-proof car?

Devices being developed to sterilize the interior.

Virus-proofing systems could become the new popular accessory in vehicles. Contemplating the post-pandemic market, automakers are investigating ways to win customers by disinfecting their cars and trucks.

Ideas under consideration include devices that could blast car interiors with ultraviolet light, using foggers to spray disinfectants, upgraded air filtration systems and antimicrobial materials.  Petrochemicals Enzymes CircularEconomy

A third of vehicle shoppers recently told Cox Automotive they are more likely to consider air quality features for their next vehicle than before COVID-19.

Coming soon: A virus-proof car?

Petrochemicals Enzymes CircularEconomy

Petrochemicals Enzymes CrudeOil PBT 20-06-2020

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Petrochemical Polymers PETBottles Ethylene Trend

Petrochemical Polymers PETBottles Ethylene

Petrochemical Polymers PETBottles Ethylene

Polyestertime
ITEM15/06/202022/06/2020+/-
Bottle grade PET chips domestic market5,575 yuan/ton5,550 yuan/ton-25
Bottle grade PET chips export market690 $/ton690 $/ton
Filament grade Semidull chips domestic market

Petrochemical Polymers PETBottles Ethylene

4,800 yuan/ton4,750 yuan/ton-50
Filament grade Bright chips domestic market4,900 yuan/ton4,850 yuan/ton-50
Pure Terephthalic Acid PTA domestic market3,550 yuan/ton3,605 yuan/ton+55
Pure Terephthalic Acid PTA export market
425 $/ton430 $/ton+5
Monoethyleneglycol MEG domestic market3,470 yuan/ton3,565 yuan/ton+95
Monoethyleneglycol MEG export market412 $/ton423 $/ton-+11
Paraxylene PX FOB  Taiwan market514 $/ton578 $/ton+64
Paraxylene PX FOB  Korea market496 $/ton560 $/ton+64
Paraxylene PX FOB EU market

Petrochemical Polymers PETBottles Ethylene

443 $/ton495 $/ton+52
Polyester filament POY 150D/48F domestic market5,635 yuan/ton5,600 yuan/ton
-35
Recycled Polyester filament POY  domestic market5,800 yuan/ton5,800 yuan/ton
Polyester filament DTY 150D/48 F domestic market7,250 yuan/ton7,200 yuan/ton-50
Polyester filament FDY 68D24F domestic market 7,050 yuan/ton7,000 yuan/ton-50
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers PETBottles Ethylene
6,380 yuan/ton6,220 yuan/ton-160
Polyester staple fiber 1.4D 38mm domestic market5,900 yuan/ton5,880 yuan/ton-20
Caprolactam CPL domestic market10,550 yuan/ton10,525 yuan/ton
-25
Caprolactam CPL overseas  market1,110 $/ton1,110 $/ton
Nylon6 chips overseas  market1,350 $/ton1,340 $/ton-10
Nylon6 chips conventional spinning domestic  market11,650 yuan/ton11,550 yuan/ton-100
Nylon6 chips  high speed spinning domestic  market11,550 yuan/ton11,600 yuan/ton+50
Nylon 6.6 chips domestic  market18,500 yuan/ton18,300 yuan/ton-200
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers PETBottles Ethylene

13,650 yuan/ton13,650 yuan/ton
Nylon6 Filament DTY 70D/24F domestic  market16,500 yuan/ton16,500 yuan/ton
Nylon6 Filament FDY  70D/24F  domestic  market14,500 yuan/ton14,500 yuan/ton
Spandex 20D  domestic  market36,000 yuan/ton36,000 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market28,500 yuan/ton28,500 yuan/ton-500
Adipic Acid domestic market6,450 yuan/ton6,350 yuan/ton-100
Benzene domestic market3,500 yuan/ton3,460 yuan/ton-40
Benzene overseas  market426 $/ton430 $/ton
-4
Ethylene South East market755 $/ton790 $/ton+35
Ethylene NWE  market583 $/ton614 $/ton+31
Acrylonitrile ACN  domestic market8,600 yuan/ton8,600 yuan/ton
Acrylonitrile ACN  overseas market1,000 $/ton1,000 $/ton
Acrylic staple fiber ASF  domestic market11,300 yuan/ton11,300 yuan/ton
Viscose Staple Fiber VSF  domestic market8,700 yuan/ton8,700 yuan/ton
PP Powder domestic market7,300 yuan/ton7,450 yuan/ton+150
Naphtha overseas market 

Petrochemical Polymers PETBottles Ethylene

337 $/ton388 $/ton
+51
Phenol domestic market 7,800 yuan/ton7,650 yuan/ton-150
PS Taiwan 5250 GPPS990 $/ton 990 $/ton
PS Taiwan 8250 HIPS1,120 $/ton 1,120 $/ton
LDPE CFR Far East 872 $/ton892 $/ton+20
LLDPE CFR Far East782 $/ton792 $/ton+10
LDPE   FOB Middle East864 $/ton884 $/ton+20
LLDPE FOB Middle East774 $/ton784 $/ton+10
HDPE CFR Far East824 $/ton803834 $/ton+10
LDPE FD Northwest Europe 863 €/ton863 €/ton-
LLDPE FD Northwest Europe 803 €/ton803 €/ton
Homopolymer PP CFR Far East895 $/ton890 $/ton-5
Homopolymer PP FD NWE841 €/ton821 €/ton-20

Petrochemical Polymers PETBottles Ethylene

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Petrochemicals Enzymes CrudeOil PBT 20-06-2020

Petrochemicals Enzymes CrudeOil PBT

-Camvac: “COVID-19 hasn’t locked down our expansion plans”

Across the packaging industry, there have been mixed messages on the effects of COVID-19 on businesses. Plenty of companies haven’t needed to furlough staff, and many have in fact seen spikes in production. In this article, Greg Kingham, CEO of Camvac, explains the impact of COVID on his company’s plans for the future.

Camvac is a UK-based, leading global supplier of metallised films, clear barrier films, and laminates for a wide range of food packaging, liquid packaging, medical applications, and insulation products. Before the start of the lockdown period in the UK, we had a successful Packaging Innovations exhibition, launching our new home compostable metallised acetate film, Cambrite Camvert.

Petrochemicals Enzymes CrudeOil PBT

-Lack of tourism shifts PET, rPET landscape in Europe

ICIS study says bottle collection and recycling volumes will suffer in tourist-dependent regions of Europe.

The near total collapse of the tourism, lodging and air travel sectors in Europe in 2020 resulting from COVID-19 and subsequent measures has changed how polyethylene terephthalate (PET) plastic is consumed and recycled, according to a new analysis.

The eight-page analysis by Susan Mair, a petrochemical analyst with London-based Independent Commodity Intelligence Services (ICIS), says in part that “countries which usually attract substantial foreign tourism and will not in 2020 include, predictably, Spain, Italy, Greece, Portugal, Croatia and Malta. Demand for PET resin in these countries is expected to decline versus 2019.” Petrochemicals Enzymes CrudeOil PBT

In contrast, says Mair, “Countries that can expect to see some sizeable demand return as holidays are taken in the home country as opposed to outside their borders include the Netherlands, Germany, Belgium and Denmark.”

Petrochemicals Enzymes CrudeOil PBT

-Europe PE market skips pre-buying for July despite crude oil surge

There have been no signs of prebyuing for July polyethylene (PE) in spite of the surge in crude oil prices which can reasonably be expected to have an impact on the upcoming ethylene monomer contract.

Brent crude was trading above $42/bbl early on Friday.

At times, PE pricing discussions for June have been tetchy, although not all of them have ben concluded because the practice of retroactive settlements is still rife at many large accounts. Petrochemicals Enzymes CrudeOil PBT

In April and May, buyers were able to enjoy lower prices as the monthly upstream ethylene contract fell by a record amount. Only a portion of this was passed on to buyers, many of whom were struggling to cope with a surge in packaging demand as consumers panic bought goods in the early days of the pandemic.

Petrochemicals Enzymes CrudeOil PBT

-Guide to “Recycling” Options for Fund Managers

The ongoing COVID-19 crisis is presenting fund managers with numerous challenges. One key challenge is to make sure that their portfolio companies have sufficient capital available to weather this particular storm. But how can fund managers ensure the liquidity required by their funds and portfolio companies is available?

Proskauer’s leading Private Investment Funds team examines the ‘recycling’ options available in the market and outlines the main considerations fund managers should keep in mind when considering liquidity options. Petrochemicals Enzymes CrudeOil PBT

Petrochemicals Enzymes CrudeOil PBT

-Volkswagen in talks with rivals on making operating system for car of the future

With the advent of autonomous driving, carmakers have been forced to link up radar, camera and ultrasonic sensors and connect them to braking and steering components, something which requires thousands of lines of software code.

Volkswagen is in talks with rival carmakers about developing an operating system for the car of the future, Christian Senger, its board member responsible for digital services and software, said. Petrochemicals Enzymes CrudeOil PBT

With the advent of autonomous driving, carmakers have been forced to link up radar, camera and ultrasonic sensors and connect them to braking and steering components, something which requires thousands of lines of software code.

Petrochemicals Enzymes CrudeOil PBT

-“Bound” is overarching design theme from Intertextile Shanghai Home Textiles

Trend forecast reflects changing world

Ahead of the Intertextile Shanghai Home Textiles expo in August, the event has unveiled its trend outlook for 2021. Petrochemicals Enzymes CrudeOil PBT

“Bound” encompasses three trends: Cozy Warmth, Past Future and Bold/Clash. Each trend is a reflection on the current environmental, economic, societal and identity changes, providing industry professionals with insight and inspiration about interior textiles, according to show organizer Messe Frankfurt (HK) Ltd.

“Bound” is overarching design theme from Intertextile Shanghai Home Textiles

-Which Is Better for the Environment — Biodegradable or Recyclable Plastic?

Biodegradable plastics aren’t really good for the environment because to biodegrade they have to be left out in the open. Recycling, on the other hand, helps capture the value of certain polymers — primarily PET and HDPE, some PS and PP — but the costs of collection, sorting, and transportation involved with mechanical recycling continue to raise challenges. Two new studies from IDTechEx seek to clarify these issues.

“New, biodegradable plastics and better recycling strategies are two promising approaches to help the world cut down on plastics waste,” said IDTechEx. Both techniques are discussed in two reports: “Bioplastics 2020-2025” and “Green Technology and Polymer Recycling: Market Analysis 2020-2030.”

Petrochemicals Enzymes CrudeOil PBT

Which Is Better for the Environment — Biodegradable or Recyclable Plastic?

-Ruby Mills Ltd develops H+ Technology™ fabrics

Ruby Mills Ltd has developed H+ Technology™ fabrics that have antiviral, antibacterial and antifungal capabilities that last for multiple washes. H+ Technology’s™ anti microbial and anti viral efficacy has been tested and the findings indicate that the viruses and microbes don’t survive on surface of the treated fabric.

At the very core of this proven technology is the active ingredient that kills over 99 per cent of the H1N1 Influenza virus (the family of novel Corona Virus) and provides lasting protection for multiple washes, thus ensuring effective protection and containment of the spread. Petrochemicals Enzymes CrudeOil PBT

H+ Technology™ scores over other technologies in two critical ways:

1) Most other technologies compromise on the fabric’s hand-feel. This makes the fabric unfit for daily use. Being experts in Fabric finishing, the Company has put in significant work on creating a process that maintains the hand-feel, breathability and finish of the fabric.

Ruby Mills Ltd develops H+ Technology™ fabrics

-Europe PET buyers relying on domestic supply but local PX, PTA offtake struggling as pandemic effects linger

European buyers are relying heavily on domestic polyethylene terephthalate (PET) output as producers have regained market share from importers, yet upstream paraxylene (PX) and purified terephthalic acid (PTA) offtake is struggling.

“There are more and more PTA imports. I  hear there is not much spot PX demand on the market, so demand is not really there and prices are not there either,” a PX source said. Petrochemicals Enzymes CrudeOil PBT

Recent historic price lows along the chain encouraged PET pre-buys and fixed price deals for deliveries in the second half of 2020 and beyond.

Europe PET buyers relying on domestic supply but local PX, PTA offtake struggling as pandemic effects linger

-Meat producer becomes UK’s first to use certified compostable packaging

West Country sausage-maker, Wetways, has Westaways has achieved a major milestone in the ongoing war against plastic-use by becoming the first meat producer to use packaging that is so eco-friendly.

Devon-sausage maker, Charles Baughn, says the process has taken a lot of patience and investment, but as a company that cares about the environment it was a necessary task. Petrochemicals Enzymes CrudeOil PBT

Mr Baughn said: “Products like sausages do not have to be entombed in plastic – there are alternatives and from now on our range will be sold in eco-friendly cartons and wrappings that will disintegrate naturally in a compost heap.”

Meat producer becomes UK’s first to use certified compostable packaging

Petrochemicals Enzymes CrudeOil PBT

Petrochemicals Enzymes CrudeOil RPET 19-06-2020

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Petrochemicals Enzymes CrudeOil RPET 19-06-2020

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-Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Messe Frankfurt France forgoes September 2020 textile shows, blaming ‘lack of information’ from authorities

Messe Frankfurt France has announced it is to forgo the September 2020 edition of its co-locating textile cluster of tradeshows: Apparel Sourcing, Avantex, Leatherworld, Shawls&Scarves, Texworld and Texworld Denim Paris.

The organiser says it took the decision due to “lack of information on health requirements from the authorities for the major international events planned for September, as well as possible travel restrictions for international visitors”. The resultant situation, it said, called for caution.

“A survey conducted amongst loyal textile and clothing buyers indicates that most of them are not yet ready to travel.

Serious consideration of all these issues and the lack of guarantees that this major event can be organised under good conditions has forced us to take this decision.

A difficult decision, but one that is responsible to our visitors, exhibitors and partners,” said Frédéric Bougeard, President of Messe Frankfurt France.

Petrochemicals Enzymes CrudeOil RPET

-Concern over “misguided interpretation” of EU Single Use Plastics Directive

Circular Economy, Collection and Transport, Environment and Energy, Legislation and Regulation, Policy and Strategy, Resource Management, Sustainability, Treatment and Recovery  Petrochemicals Enzymes CrudeOil RPET

European Environmental NGOs have expressed concern about ongoing discussions on the implementation of the separate collection of single-use plastic bottles as regulated by the EU Single Use Plastics Directive (SUPD).

The Directive requires member states to ensure that 90% of plastic bottles are collected as a “separate waste stream” by 2029 at the latest.

In Austria and the Czech Republic, however, there are now discussions suggesting that this separate collection target could be met by including bottles from post-sorted residual waste, according to the NGOs.

Deutsche Umwelthilfe (Environmental Action Germany, DUH) and the Rethink Plastic alliance (RPa), both members of the global Break Free from Plastic (BFFP) movement, warn that “misguided interpretation” of the SUPD could “dramatically undermine” its main objectives – which is to reduce pollution from single-use plastic and support the transition towards a circular economy.

Petrochemicals Enzymes CrudeOil RPET

-Malaysia’s Pengerang to defer polymer start-up

Malaysia’s Pengerang Refining and Petrochemicals (PRefChem) is expected by market participants to defer to this year’s fourth quarter the start-up of its polymers units previously targeted in August. Petrochemicals Enzymes CrudeOil RPET

The joint venture between Malaysia’s state-owned Petronas and Saudi Arabia’s Saudi Aramco can produce up to 350,000 t/yr of linear low-density polyethylene, 400,000 t/yr of high-density polyethylene and 900,000 t/yr polypropylene.

The return of PRefChem polymers production was expected to increase the availability of duty-free polymers supplies in Asia.

Petrochemicals Enzymes CrudeOil RPET

-European PE demand cools as negative data weighs on global economy, debt levels crimp dealmaking

European demand for polyethylene has begun to cool down from levels seen earlier in the second quarter despite still healthy demand for food and pharmaceutical packaging, according to sources, as converters no longer require emergency resin stock replenishment, whilst concerns over high debt levels are stifling deals.

Sources said an increase in the cost of credit insurance was limiting demand, as the risk from high debt levels increased in some countries. Sources in Europe said this was a particular issue for industrial plastics manufacturers globally who are exposed to sectors hit by weak demand since the start of the coronavirus pandemic, such as the automotive and construction segments.

Petrochemicals Enzymes CrudeOil RPET

-Life cycle assessment (LCA) for ChemCyclingTM

At the end of life of a plastic product, it is necessary to select the method of recovery with the best performance by means of a scientific life cycle assessment. For plastics where there are large volumes of single-stream waste arising without significant impurities, such as PET from water bottles, mechanical recycling has a smaller carbon footprint than chemical recycling. Petrochemicals Enzymes CrudeOil RPET

However, especially with mixed and contaminated plastics it may be impossible or very inefficient to recycle them mechanically. This means that they are most likely incinerated, and the resulting energy is used to generate steam or electricity. In this case, chemical recycling is the better option. Chemical recycling complements mechanical recycling and can be a more sustainable solution than incineration or landfill of plastic waste. It thus contributes to a circular economy and the responsible use of resources.

An LCA study conducted by Sphera for BASF, which was reviewed by three independent experts, comes to the clear conclusion that chemical recycling (pyrolysis) of mixed plastic waste emits 50% less CO2 than incineration of mixed plastic waste.

Petrochemicals Enzymes CrudeOil RPET

Bottles are better in bag form (from Hasan Tepe CEO at Tepar Filament Yarns Corp )  Petrochemicals Enzymes CrudeOil RPET

-Neste and Jokey collaborate to develop the market for rigid packaging from renewable and recycled materials

Neste and Jokey, a leading international manufacturer of rigid plastic packaging, have started collaborating with a target to develop the market for rigid packaging from sustainable renewable and recycled materials for food and non-food applications.

By promoting the use of more sustainable materials in packaging, such as those produced with Neste’s hiqh-quality drop-in hydrocarbons produced from renewable and recycled raw materials, the partners wish to help other companies using such rigid plastic packaging to meet their materials-related sustainability targets.

The joint aim of Neste and Jokey is to work towards a future with an increasing share of renewable and recycled materials and a plastics economy built upon solid circular value chains. Petrochemicals Enzymes CrudeOil RPET

Jokey produces rigid plastic packaging, such as buckets, boxes and trays, which are up to 100% recyclable. Jokey packaging for food and non-food goods stands for the highest level of quality, hygiene, ease of use and innovation. Neste’s product for plastics production consists of renewable and recycled components derived from biomass, such as various waste and residue oils and fats, as well as chemically recycled plastic waste. It is very well suited for high-quality rigid packaging applications.

Neste and Jokey collaborate to develop the market for rigid packaging from renewable and recycled materials

-Coronavirus, oil price crash – impact on chemicals

The economic collapse caused by the coronavirus pandemic and the government investment programmes to galvanise recovery offer a “once in a lifetime” opportunity for policymakers to push global greenhouse gas emissions into decline, the executive director of the International Energy Agency (IEA) said on Thursday.

South Africa’s Sasol hasraised its debt ceiling with lenders, plans toabandon oil activities in West Africa and cutjobs as the troubled company refocuses onspecialty chemicals, gas and renewables.  Petrochemicals Enzymes CrudeOil RPET

Polyestertime : Chemicals and covid-19

-DOMO to close BOPA production plant in Leuna

DOMO Chemicals has announced plans to stop and close its third line of Biaxally Oriented PA films (BOPA) from DOMO in Leuna (Germany), effective from August 2020.

Affected employees have been informed and other operations at the Leuna plant will not be impacted by the move. The difficult decision was reached as a result of global overcapacity for nylon films. Petrochemicals Enzymes CrudeOil RPET

Attilio Annoni, Managing Director at DFS states: “In these extraordinary circumstances of high business volatility, we have opted to continue to focus on quality and flexibility through cautious and smart asset management, rather than reacting with short-term volume strategies.”

DOMO to close BOPA production plant in Leuna

-Oerlikon Barmag commissions polycondensation system

The Oerlikon Barmag Huitong Engineering joint venture, part of the Oerlikon Manmade Fibers segment, has recently commissioned a polycondensation system which feeds a polyester industrial yarn system. The future operator will be industrial yarn manufacturer Jiangsu Solead New Material Group. This successfully concludes the first phase of this major project. Petrochemicals Enzymes CrudeOil RPET

Jiangsu Solead New Material Group has placed its trust in the Oerlikon Manmade Fibers ‘From Melt to Yarn’ total solution philosophy.

Oerlikon Barmag Huitong Engineering installed the polycondensation system, which has a capacity of 600 tons a day, at Jiangsu Solead New Material Group Co Ltd in the Chinese Jiangsu Province.

Oerlikon Barmag commissions polycondensation system

Petrochemicals Enzymes CrudeOil RPET

Petrochemicals Enzymes CrudeOil Fabric 18-06-2020

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Petrochemicals Enzymes CrudeOil Fabric 18-06-2020

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Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Thoughts about the Concept of Circular Economy

Starting Position without Circular Economy

ACThe economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources”

In the traditional economy, “house” has a private sense, a space closed by walls, and taken away from the community. In this model, the economy and the environment are in a linear relationship tending towards infinity: the economy produces and the environment collects waste and garbage, like a box.

It soon became clear that this box is not infinite and that the economy and the environment are not in a linear relationship, but in a circular relationship because the economy is a piece of a larger system. This system is a closed system and the economy must take into account and respect intrinsic limits.

Petrochemicals Enzymes CrudeOil Fabric

-Park2Nature has high aroma, oxygen & moisture barriers

The compostable packaging alternative in Asia

After its introduction in the early 20th century, plastic revolutionized the modern packaging world due to its unique benefits as a material.

With a relatively low cost, simple manufacturing process, and a long list of potential applications, plastics transformed the way the world thought about packaging.

However, plastic packaging is fundamentally evolving to adapt to changing social attitudes concerning the environment despite the material’s versatility and ability to be repurposed for a variety of uses.  Petrochemicals Enzymes CrudeOil Fabric

Petrochemicals Enzymes CrudeOil Fabric

-Mitsubishi Chemical to Develop PBT 3D Printing Grades

Mitsubishi Chemical Corporation (MCC) and German new materials start-up company, AM Polymers GmbH (AMP) have entered into an exclusive joint development and commercial partnership agreement on polybutylene terephthalate (PBT) powder product for industrial 3D printing. Petrochemicals Enzymes CrudeOil Fabric

Located in Germany, AMP specializes in producing and selling thermoplastic powders with “plug & play” processability and part performance for selective laser sintering (SLS) and powder bed fusion (PBF) processes. Through this partnership, both parties are jointly developing new powder products for industrial additive manufacturing from PBT resin that has been specially optimized based on MCC’s chemical expertise. A beta version of Rolaserit PBY01 powder will be soon unveiled in Europe for client evaluation.

Petrochemicals Enzymes CrudeOil Fabric

-Packaging Europe: susceptible, but not immune, to coronavirus disruptions

The packaging sector in Europe has overall low exposure to the coronavirus

pandemic, but some companies are more vulnerable than others. Some non-paper packaging manufacturers have or are encountering production and logistical disruptions linked to the pandemic. Although this will continue to be a risk, we do not expect it to be material. Petrochemicals Enzymes CrudeOil Fabric

» Cost cutting measures will help to offset revenue volatility and preserve cash.

Cost control has consistently been a feature of the sector, but we expect a stronger focus

Petrochemicals Enzymes CrudeOil Fabric

-Worley awarded renewable chemicals and plastics FEED contract

Worley has been awarded a front-end engineering design (FEED) to develop Avantium’s flagship plant that will support the transition to a bio-based economy for plastics. The plant will produce 100% plant-based FDCA (furandicarboxylic acid) – a key building block for many chemicals and plastics.  Petrochemicals Enzymes CrudeOil Fabric

Avantium has announced that its subsidiary, Avantium Renewable Polymers, will locate their new plant in Delfzijl, the Netherlands. The facility will use a novel technology that converts plant sugars into a wide range of sustainable chemicals and plastics, such as the next-generation plastic material PEF (polyethylene furanoate).

PEF is a novel, fully recyclable, bio-based polymer with improved barrier performance and thermal properties. It has the potential to make a significant impact on the packaging, textiles, and film industries.

Avantium Renewable Polymers has completed lab research to demonstrate its new YXY® plant-to-plastics technology in a pilot plant. Worley is carrying out the FEED for the new plant that will make FDCA and PEF commercially available. They also completed the concept development phase in March and concluded that Avantium is ready to progress to commercial scale.

Petrochemicals Enzymes CrudeOil Fabric

-Turkey boosts recycling capacity, saves 93,000 tons of plastic in 4 months

In the first four months of 2020, 93,000 tons of plastic packaging waste was collected and recycled, Turkey’s Ministry of Environment and Urban Planning announced Wednesday.  Petrochemicals Enzymes CrudeOil Fabric

This amount represents TL 100 million ($14.6 million) saved by the country in its bid to reduce pollution and boost recycling efforts. About 45,000 tons of this waste include plastic bags and packaging for drinks, cosmetics and hygiene products.

The latest figures show the country’s plastic packaging waste recycling capacity reached about 600,000 tons from 100,000 tons in the last decade.

Turkey boosts recycling capacity, saves 93,000 tons of plastic in 4 months

-Defining plastics in packaging

A guide to polymer terminology in the packaging industry

From bio-based and plant-based to biodegradable and compostable, there are many classifications ascribed to plastics in the packaging industry. These numerous classifications are used often, but many consumers — and, indeed, many packaging companies — do not completely understand what each phrase means. Here, Dr Ashlee Jahnke, director of research at natural polycarbonate research company Teysha Technologies, explains the classifications and sustainability of plastics in packaging.

Although much of the world has switched on to the plastics problem in recent years and conversations have started at all levels, from consumers to policymakers, many terms in this conversation still spark confusion. Labels such as ‘bio-based’ and ‘biodegradable’ seem relatively easy to understand, but these terms are deceptively vague and loosely-defined. Petrochemicals Enzymes CrudeOil Fabric

Defining plastics in packaging

-Invista starts construction on $1bn adiponitrile plant in China

Invista Nylon Chemicals (China) has started construction on its RMB7bn ($1bn) adiponitrile (ADN) plant at Shanghai Chemical Industry Park (SCIP).

The company held a groundbreaking ceremony in Shanghai to officially mark the start of construction on the 400,000-tonne-per-year plant.

In February last year, Invista signed a memorandum of cooperation with SCIP to build the ADN plant.Petrochemicals Enzymes CrudeOil Fabric

Invista starts construction on $1bn adiponitrile plant in China

-Clariant announces breakthrough in PP catalyst technology that boosts output – execs

Clariant said it has made a breakthrough in polypropylene (PP) catalyst technology with a phthalate-free catalyst that can also provide superior properties and improve plant output, executives said on Tuesday.

“Results met and exceeded expectations with superior impact resistance and stiffness,” said Marvin Estenfelder, head of R&D for Clariant Catalysts, at a virtual media roundtable event. Petrochemicals Enzymes CrudeOil Fabric

“Somewhat of a surprise is that we found plant productivity also significantly improved with over $8m/year in additional production benefit. An initial focus on safety and health turned into a new business opportunity,” he added.

Clariant announces breakthrough in PP catalyst technology that boosts output – execs

-Asia ethylene rally may peak as downstream margins hit

The rally in Asia-Pacific ethylene prices may lose steam in the third quarter because of weakening downstream margins and a rise in long-haul import volumes.

Spot prices have risen to $830-850/t cfr northeast Asia, up by another $30-60/t from the end of last week to the highest since 4 February this year. The rally has now been sustained for an eighth consecutive week, with prices more than doubling from levels in the $300s/t cfr northeast Asia on 21 April.

But the gains now appearing to be nearing an end, as downstream margins begin to be squeezed.Petrochemicals Enzymes CrudeOil Fabric

“There is not much room to rise as only fringe downstream sectors can now afford ethylene at this level,” said a key regional trader.

Asia ethylene rally may peak as downstream margins hit

Petrochemicals Enzymes CrudeOil Fabric

Petrochemicals Enzymes CrudeOil PEF 17-06-2020

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Petrochemicals Enzymes CrudeOil PEF 17-06-2020

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Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Meridian Specialty Yarn Group, Inc. (MSYG) Introduces Environmentally-Friendly Polyester Yarns Made With CiCLO® Additive Technology

Polyester is possibly the world’s favorite fiber when it comes to manufacturing performance wear and other apparel. Polyester is durable, can be engineered to provide multiple performance characteristics, wears well, is in good supply and designers love it. But polyester and other synthetic fibers can also contribute to land and ocean pollution. That is about to change.

Meridian Specialty Yarn Group, Inc. (MSYG) is now offering polyester yarns processed with CiCLO® technology, which allows polyester fibers to break down in landfills and the ocean at rates comparable to a natural fiber like wool.

Petrochemicals Enzymes CrudeOil PEF

-EIA forecasts U.S. shale oil output decline of 93,000 barrels a day in July

Packaging Europe: susceptible, but not immune, to coronavirus disruptions

The packaging sector in Europe has overall low exposure to the coronavirus

pandemic, but some companies are more vulnerable than others. Some non-paper packaging manufacturers have or are encountering production and logistical disruptions linked to the pandemic. Although this will continue to be a risk, we do not expect it to be material. Petrochemicals Enzymes CrudeOil PEF

» Cost cutting measures will help to offset revenue volatility and preserve cash.

Cost control has consistently been a feature of the sector, but we expect a stronger focus

given the current situation. We expect companies to avoid unnecessary costs and seek

wage subsidies and government support where possible. Lower input costs will provide

some relief to profits and inventory, but the impact on profits will be short-lived and likely

offset by the depreciation of emerging market currencies relative to the euro and the US

dollar.

Petrochemicals Enzymes CrudeOil PEF

-Korea’s Hanwha, Lotte reach PTA supply agreement

South Korean firms Hanwha General Chemical and Lotte Chemical have agreed a third-party processing deal for paraxylene (PX)-purified terephthalic acid (PTA).

The agreement takes effect in July. Hanwha General Chemical will receive about 300,000 t/yr of feedstock PX from Lotte Chemical, which has production capacity in Ulsan. Lotte Chemical will in turn receive 450,000 t/yr of PTA from Hanwha General Chemical, which intends to meet this obligation by restarting its No.2 unit in Ulsan. The unit has been idled since November because of weak export demand.

Lotte will consume the PTA supply in its own downstream polyethylene terephthalate (PET) bottle chip production. Petrochemicals Enzymes CrudeOil PEF

Petrochemicals Enzymes CrudeOil PEF

-Prices of Volume Resins Bottom Out

Increased exports, higher prices for feedstocks, and a slow ramp-up of production of industrial and durable goods are projected to stabilize resin prices and put upward pressure on PE and possibly PVC.

Moving toward the third quarter, prices of volume commodity resins generally appeared to have bottomed out, though there was potential for some further downward movement for PS, nylon 6 and perhaps PET.

In contrast, upward movement for some resins is also likely with the return of the Chinese export market, for which a significant volume of domestic supply is dedicated. For example, 40% of domestic PE production and 30% of PVC is earmarked for export to China.Petrochemicals Enzymes CrudeOil PEF

The combination of higher exports, increased costs of feedstocks such as ethylene, and the throttling back of resin production contribute to the potential for price increases.

Petrochemicals Enzymes CrudeOil PEF

-Plastic superhighway: the awful truth of our hidden ocean waste

Plastic debris litters the beach on the Soko Islands in Hong Kong. Photograph: Reuters

Solving the issue of waste in our seas turned out to be more complex than scrounging for bottles off the beach, Laura Trethewey found

We called the competition Who Found the Weirdest Thing? So far, the entries that day were a motorcycle helmet, a lithium battery covered with scary stickers asking that we return it to the military, and a toy dinosaur.Petrochemicals Enzymes CrudeOil PEF

The dinosaur was warm from the sun and starting to degrade. The ocean had smoothed and worn down its edges. Rocks and sand had crosshatched its skin. It was missing a hind leg. On one side it was dark grey; the sun had bleached its opposite flank white.

It was the second morning of a trip with Ocean Legacy, a group in Canada that collects and recycles plastic pollution from the ocean. We’d spent the first day trudging along MuQwin beach in British Columbia, plucking bottles and buoys from the driftwood and branches – and it seemed to me the pollution was not as devastating as expected.

Petrochemicals Enzymes CrudeOil PEF

-Mitsubishi Chemical and AM Polymers Partner on PBT Powder Product for 3D Printing

Mitsubishi Chemical Corporation (MCC) and German new materials start-up company, AM Polymers GmbH (AMP), announced that they have entered into an exclusive joint development and commercial partnership agreement on polybutylene terephthalate (PBT) powder product for industrial 3D printing.

Located in Willich, Germany, AMP specializes in producing and selling thermoplastic powders with “Plug & Play” processability and part performance for selective laser sintering (SLS) and powder bed fusion (PBF) processes.  Through this partnership, both parties are jointly developing new powder products for industrial additive manufacturing from PBT feedstock, specially optimized based on MCC’s chemical expertise.  A beta version of Rolaserit PBT01 powder will be soon unveiled in Europe for client evaluation. Petrochemicals Enzymes CrudeOil PEF

Mitsubishi Chemical and AM Polymers Partner on PBT Powder Product for 3D Printing

-Intertextile Shanghai Apparel set to support industry recovery

Intertextile Shanghai Apparel Fabrics – Autumn Edition will return from 23-25 September at the National Exhibition and Convention Center. After the fair celebrated its 25th anniversary last autumn, welcoming more than 4,400 exhibitors and over 89,000 buyers, this year Intertextile will continue to support the industry with a diverse product offering from China, Asia and around the world, and a platform that reconnects the industry, encourages interaction, inspires innovation and stimulates market recovery.

Business interaction unlocks new opportunities

“To date, 2020 has been incredibly challenging for the textile industry, and our thoughts go out to all those individuals and businesses affected,” said Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd. Petrochemicals Enzymes CrudeOil PEF

Intertextile Shanghai Apparel set to support industry recovery

-Freudenberg paddings awarded Material Health Certificate

Freudenberg Performance Materials has been recognized with its first Silver level Material Health Certificate from the Cradle to Cradle Products Innovation Institute for its comfortemp air HO 80x product series. The comfortemp air HO 80x fiberball paddings are made from polyamide 6 and are 100% recyclable.

“The world’s leading specialist in interlinings and paddings for the apparel industry is thus also a groundbreaker in this field, and developed its first cradle-to-cradle solutions in 2017 under projects with C&A and G-Star Raw.

The Material Health Certificate now confirms that the materials used in the comfortemp air HO 80x series comply with the Silver achievement level for material heath,” Freudenberg said today in a statement.Petrochemicals Enzymes CrudeOil PEF

Freudenberg paddings awarded Material Health Certificate

-China Warms to Idea of Four More Years of Trump Presidency

Donald Trump has argued frequently of late that China is rooting for Joe Biden come November’s U.S. presidential election. In Beijing, however, officials have come around to support four more years of Trump.

Interviews with nine current and former Chinese officials point to a shift in sentiment in favor of the sitting president, even though he has spent much of the past four years blaming Beijing for everything from U.S. trade imbalances to Covid-19. The chief reason? A belief that the benefit of the erosion of America’s postwar alliance network would outweigh any damage to China from continued trade disputes and geopolitical instability. Petrochemicals Enzymes CrudeOil PEF

While the officials shared concerns that U.S.-China tensions would rise regardless of who was in the White House, they broke largely into camps of those who emphasized geopolitical gains and those who were concerned about trade ties. Biden, the former vice president, was viewed as a traditional Democrat who would seek to shore up the U.S.’s tattered multilateral relationships and tamp down trade frictions.

China Warms to Idea of Four More Years of Trump Presidency

-Danish researchers looking for rare enzyme that can break down plastics

Plastics really can be broken down, and researchers at Aarhus University have started to hunt for the unique enzymes that can do the job. The project could be ground-breaking for the plastics issue, and it opens up for a completely new field of research

Plastics really can be broken down, and a number of researchers at Aarhus University have started to hunt for the unique enzymes that can do the job. The project could be ground-breaking for the plastics issue, and it opens up for a completely new field of research. Petrochemicals Enzymes CrudeOil PEF

A team of researchers from the Department of Engineering at Aarhus University has just received funding from Independent Research Fund Denmark to find one of nature’s most elusive secrets: enzymes that can actually break down plastic.

Danish researchers looking for rare enzyme that can break down plastics

Petrochemicals Enzymes CrudeOil PEF

Petrochemicals Enzymes CrudeOil PET 16-06-2020

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Crude Oil Prices Trend

Crude Oil Prices Trend

-US textile and apparel imported from China improved in April

The latest data show that US textile and apparel imports reached 4.01 billion square meters in April, down by 23.6% year-on-year and 4.2% month-on-month; the volume from China was 1,470 million square meters, down by 31.6% year-on-year but up by 56.8% month-on-month. In Jan-Apr, the cumulative US textile and apparel imports were 18.67 billion square meters, down 13.9% year-on-year; the volume from China was 6.65 billion square meters, down 27.5% year-on-year.

China’s market share somewhat increased over the last month.

Since Aug 2019, textile and apparel imported from China decreased their shares in the US market. Due to the Sino-US trade war in 2019 coupled with negative impact of COVID-19 in 2020, the volume proportion of US textile and apparel has dropped to 22.4% in Mar, and the value proportion sharply decreased to 13.4%. However, the proportion increased in Apr, rising to 36.8% and 23.1% respectively.

US textile and apparel imported from China improved in April

-Oil prices recover losses to settle higher on bets the market may soon ‘find balance’

Prices spent much of the session lower on worry about oversupply from Gulf producers, U.S. production  Petrochemicals Enzymes CrudeOil PET

Crude oil futures gave up earlier losses on Tuesday to finish higher, with expectations for a rebound in energy demand among the reasons for the late day turnaround.

Prices had spent most of the session trading lower on the back of worries about compliance with a newly-extended pact between the Organization of the Petroleum Exporting Countries and its allies to cut production by nearly 10 million barrels. In addition, Gulf producers may end their voluntary extra output cuts at the end of June and U.S. producers may reverse output cuts as prices rise.

-Oil prices recover losses to settle higher on bets the market may soon 'find balance’

-Mitsui Chemicals Group Launches First European Production Site for PP Compounds

Sending out first shipments of mass-produced products with the goal of becoming a global leader for automotive compound materials  Petrochemicals Enzymes CrudeOil PET

Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) and Prime Polymer Co., Ltd. (President: FUJIMOTO Kensuke; owned 65 percent by Mitsui Chemicals and 35 percent by Idemitsu Kosan Co., Ltd.) have launched operations at Mitsui Prime Advanced Composites Europe B.V. (ACE), a joint venture first established in June 2018 with Mitsui & Co., Ltd. (Tokyo: 8031; President & CEO: YASUNAGA Tatsuo). Located within Chemelot Industrial Park in the Netherlands, ACE marks the Mitsui Chemicals Group’s first polypropylene (PP) compounding site in Europe.

Mitsui Chemicals Group Launches First European Production Site for PP Compounds

-French textile manufacturers left with millions of unsold masks

The French praised the altruism of their prized textile and luxury goods companies when production facilities got diverted from churning out the latest fashions to making cloth masks designed to protect the general public from the coronavirus.

Now, the companies that helped France avoid a feared shortage of virus-filtering face wear for everyday use say they need help to unload a surplus of 20 million masks. They asked the French government for assistance promoting and finding buyers for the unsold output of the industry’s national effort. Petrochemicals Enzymes CrudeOil PET

Hundreds of textile and clothing manufacturers answered the government’s call for millions of masks superior to homemade versions. President Emmanuel Macron last month sported a military-tested model embroidered with the tri-color national flag to advertise the “Made in France” masks.

Petrochemicals Enzymes CrudeOil PET

-Tracing carbon is one of the pivotal components if we want to address the sustainability challenge.

Although we often aim to recycle the used macromolecular chains, a quantified study defines the scope of the recycling and peeks into the areas of improvement.

For instance, recycling a material that loses half of its carbon content from collecting the waste material till feeding it into the recycling pathway is of no economic value.

Petrochemicals Enzymes CrudeOil PET

Petrochemicals Enzymes CrudeOil PET

-TiO₂ nanocrystals exhibit unusual slow-motion blinking

Made via template-based synthesis, the defective crystals actively mediate photocatalysis   Petrochemicals Enzymes CrudeOil PET

Like microscopic fireflies, semiconductor nanocrystals, also known as quantum dots, light up intermittently. For more than 20 years, researchers have worked to understand and control these random fluctuations in light emission because the “blinking” limits the stability of quantum dot–based devices like solar cells and light-emitting diodes.

The observation of what may be a new type of blinking behavior suggests that researchers have more work to do (Angew. Chem., Int. Ed. 2020, DOI: 10.1002/anie.202005143).

A team led by Tao Zhang, Tewodros Asefa, and Alexei M. Tyryshkin of Rutgers University and Eliška Mikmeková of the Czech Academy of Sciences reports that treating a polymer-derived porous carbon template with a titanium dioxide precursor yields TiO2 nanocrystals—limited to 10 nm in diameter and riddled with oxygen vacancies—that blink in an unprecedented way.

Petrochemicals Enzymes CrudeOil PET

-Avantium awards FEED contract to Worley for bio-based chemical plant

Worley says it has been awarded a front-end engineering design (FEED) contract to develop a plant for Avantium (Amsterdam, Netherlands) that will produce 100% plant-based furandicarboxylic acid (FDCA). The project “will support the transition to a bio-based economy for plastics,” Worley says.

Avantium, a renewable chemicals and polymers firm, has announced that its subsidiary, Avantium Renewable Polymers, will locate the plant at Delfzijl, Netherlands. The facility will use a novel technology that converts plant sugars into a range of chemicals and plastics, such as polyethylene furanoate (PEF), “a next-generation plastic material,” Worley says.Petrochemicals Enzymes CrudeOil PET

PEF is a novel, fully recyclable, bio-based polymer with improved barrier performance and thermal properties, Worley says. “It has the potential to make a significant impact on the packaging, textiles, and film industries,” it says.

Petrochemicals Enzymes CrudeOil PET

-Serbia’s SCS Plus opens blow moulding unit for plastic products – Knjazevac municipality

Serbian manufacturer of veneer seats and backrests SCS plus has opened a blow moulding unit for plastic products at its factory in the village of Podvis, Knjazevac municipality said on Friday.Petrochemicals Enzymes CrudeOil PET

The new production unit has a footprint of 1,000 square metres and will employ 50 people, in addition to the company’s current workforce of 120, Knjazevac municipality, in eastern Serbia, said a Facebook post.

-Serbia's SCS Plus opens blow moulding unit for plastic products - Knjazevac municipality

-How recycling sector will overcome ‘one of the most challenging times’

-Consequences brought on by the pandemic have posed a severe threat to the global recycling industry and its future remains in jeopardy without support.

Speakers at a webinar hosted by the Bureau of International Recycling (BIR) this week discussed the immediate challenges facing the plastic recycling sector.

All speakers were in agreement that the current situation presented problems, with BIR chairman Henk Alssema dubbing it “one of the most challenging times ever seen” for the sector. Petrochemicals Enzymes CrudeOil PET

How recycling sector will overcome 'one of the most challenging times' -Consequences brought on by the pandemic have posed a severe threat to the g

-Energy Economist: Oil prices could hit $40-$50 a barrel in H2 2020, touch $60 in early 2021

Bullish factors such as the decline in US shale oil production and China bounce-back will support the recovery of oil demand and prices, Dr. Mamdouh G. Salameh writes for TRENDS Research & Advisory.

“US shale oil producers have been for years taking advantage of OPEC+’s production cuts to enhance their market share”

According to Dr. Salameh, shale oil producers didn’t even spare a thought for other oil-producing nations of the world whose livelihood they have trampled on for years with the full knowledge that US taxpayers will bail them out

Dr. Salameh also wrote that China is bouncing back extremely quickly in all sectors with projections already abound that the country could grow at 6.8 percent in 2021 compared with 6.1 percent in 2019  Petrochemicals Enzymes CrudeOil PET

Some bullish factors are supporting the recovery of demand and prices of oil, which could hit $40-$50 a barrel in the second half of this year and touch $60 in early 2021, leading energy economist Dr. Mamdouh Salameh has said.

Energy Economist: Oil prices could hit $40-$50 a barrel in H2 2020, touch $60 in early 2021

Petrochemicals Enzymes CrudeOil PET

Petrochemicals Enzymes CrudeOil ACN 15-06-2020

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Petrochemicals Enzymes CrudeOil ACN 15-06-2020

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Petrochemical Polymers PETBottles MEG Trend

Petrochemicals Enzymes Crude Oil ACN

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Saudi Arabia will ‘come out on top’ in oil markets, JP Morgan predicts

Saudi Arabia will see its share of the market rise from the current level of 11.6% to around 15%: JP Morgan

Saudi Arabia’s strategy in the oil market has won a vote of confidence from the American investment bank JP Morgan, which predicts the Kingdom will “come out on top” in the global energy business. Petrochemicals Enzymes CrudeOil ACN

“Saudi Arabia will come out on top in the fight for market share as non-OPEC and US production fades,” JP Morgan analyst Chrystian Malek said in a report on the oil industry, which suggested that Saudi Arabia will see a large increase in its share of the international oil market as the American shale industry weakens and production declines from outside the Organization of Petroleum Exporting Countries (OPEC).

Petrochemicals Enzymes Crude Oil ACN

-Europe PET boosted by appetite for local product, lockdowns easing but uncertainty remains

Millions of polyethylene terephthalate (PET) bottle sales are lost as mass gatherings across Europe are cancelled, flights are grounded, and tourism is displaced, but as society flickers back to life the industry holds onto a glimmer of hope.

“It is true that summer events are cancelled and international tourism is not expected to come back; Europeans will, however, stay home and after lockdown period want to ‘celebrate’ life,” a producer said.Petrochemicals Enzymes CrudeOil ACN

Despite the recommendation from the European Commission – the EU’s executive body – for member states within the visa-free Schengen area to lift border restrictions by 15 June, the Staycation may remain a priority over international holidays this summer.

Petrochemicals Enzymes Crude Oil ACN

-A pandemic of plastics

One of the hidden costs of COVID-19 is a dramatic increase in single-use plastics – more plastic bags, more take-out containers, more disposable cutlery, and tons of PPE.

This increase may have temporarily been necessary, but our plastic waste is everywhere and is itself a global health issue. We know it is killing birds and fish, is in our bloodstream, and is even in the arctic ice. Petrochemicals Enzymes CrudeOil ACN

And plastics may be worse than we thought. According to a recent report by the Center for International Environmental Law, (CIEL), plastic production and disposal are a major driver of climate change.

Petrochemicals Enzymes Crude Oil ACN

-Oil Demand Isn’t Roaring Back Yet

It was too good to be true. Last weekend’s OPEC+ meeting took a decision in record time to extend deep output cuts that had halted a dramatic slide in prices — and members even agreed to abide by them. The timing was perfect. The deal would keep oil from flooding the market, allowing time for demand to recover as economies around the world fire back up after draconian coronavirus lockdowns.

Yet oil prices aren’t recovering as the bulls had hoped. Yes, there is a rebalancing of supply and demand in the offing, but consumption hasn’t picked up quite as much as they hoped it would by now.  Petrochemicals Enzymes CrudeOil ACN

Oil Demand Isn’t Roaring Back Yet

-Shiva Texyarn launch antiviral fabric with HeiQ Viroblock

Shiva Texyarn, a textile company, has launched antiviral fabric treated with HeiQ Viroblock NPJ03, a treatment that was proven to deactivate most viruses including coronavirus in the shortest possible time, an innovation from the Swiss textile innovation leader HeiQ Materials AG and co-distributed with Taiwanese Specialty chemical major Jintex Corporation.Petrochemicals Enzymes CrudeOil ACN

Shiva Texyarn launches first of its kind antiviral fabrics in the Indian market.

“HeiQ Viroblock is a special combination of our advanced silver and vesicle technology that has been proven effective against the human coronavirus 229E with over 99.99 per cent reduction of virus. It is safe and non-toxic. A patent has been filed. We are pleased to launch this for the first time in India on PPE with Shiva Texyarn,” Carlo Centonze, CEO of HeiQ ,said in a press release.

Shiva Texyarn launch antiviral fabric with HeiQ Viroblock

-OPEC, Russia approve biggest-ever oil cut amid coronavirus pandemic

OPEC and allies led by Russia agreed on Sunday to cut oil output by a file quantity — representing round 10 p.c of worldwide provide — to assist oil costs amid the coronavirus pandemic, and sources mentioned efficient cuts might quantity to as a lot as 20 p.c.  Petrochemicals Enzymes CrudeOil ACN

Measures to gradual the unfold of the coronavirus have destroyed demand for gas and pushed down oil costs, straining budgets of oil producers and hammering the US shale trade, which is extra weak to low costs because of its larger prices.

The group, often called OPEC+, mentioned it had agreed to scale back output by 9.7 million barrels per day (bpd) for Could-June, after 4 days of marathon talks and following stress from US President Donald Trump to arrest the worth decline.

-Covid: OPEC gets chance to gain upper hand in long battle with shale production

For the time being, the Organization of Petroleum Exporting Countries and its allies are relinquishing their share of the market in a bid to prop up crude prices, slashing millions of barrels of output as the pandemic crushes fuel demand.

Once the global oil market emerges from the coronavirus crisis, it may be greeted by a surprising change: greater dependence on crude from OPEC.

For the time being, the Organization of Petroleum Exporting Countries and its allies are relinquishing their share of the market in a bid to prop up crude prices, slashing millions of barrels of output as the pandemic crushes fuel demand.Petrochemicals Enzymes CrudeOil ACN

Covid: OPEC gets chance to gain upper hand in long battle with shale production

-Innovative edible oil PET packaging from BL Agro

Ashish Khandelwal, executive director of Bareilly-based producer of edible oils, BL Agro, explains how it has disrupted the Indian market by venturing into rigid PET packaging and how it has further enhanced its bottle design by lightweighting them

Brand brief – BL Agro

BL Agro is a family-owned company founded in 1945. The company produces Bail Kolhu, a mustard oil, and Nourish, which is the brand name for its food products and its refined oil category such as sunflower, rice bran, and soya bean oil.

With eight facilities in the area around Bareilly in Uttar Pradesh, BL Agro runs one packaging unit and two refinery units, where it manages a range of packaging formats such as bottles of 200 millilitres, 500 millilitre and one litre in American boxes; two litres and five litres bottles in wrap-around blanks; 15 litres polyethylene terephthalate (PET) jars – altogether accounting for 140 different SKUs.

The company installed three lines of Sidel PET manufacturing machines between 2014 and 2019. Petrochemicals Enzymes CrudeOil ACN

Innovative edible oil PET packaging from BL Agro

-The oil and coronavirus crises may hasten US geopolitical decline

The economic and oil crises could usher in a period of higher tensions between the US and China.Petrochemicals Enzymes CrudeOil ACN

The continuing COVID-19 crisis has complicated geopolitics in many different ways. The geopolitics of oil is one prominent example.

The economic misery enveloping the world, deepened by the crash in oil prices, has sharpened a split within the United States ruling elite. Those who support and fund President Donald Trump are aligned with domestic US energy companies that suddenly face a great risk from plummeting oil and gas demand. This abrupt market downturn has forced Whiting Petroleum to file for bankruptcy and there are already reports that Chesapeake Energy is preparing to do the same. Many others may follow.

The oil and coronavirus crises may hasten US geopolitical decline

Petrochemicals Enzymes CrudeOil ACN

Petrochemicals Enzymes Automotive PP 13-06-2020

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Petrochemical Polymers PETBottles MEG Trend

Petrochemical Polymers PETBottles MEG

Petrochemical Polymers PETBottles MEG

Polyestertime
ITEM08/06/202015/06/2020+/-
Bottle grade PET chips domestic market5,700 yuan/ton5,575 yuan/ton-125
Bottle grade PET chips export market690 $/ton690 $/ton
Filament grade Semidull chips domestic market

Petrochemical Polymers PETBottles MEG

4,950 yuan/ton4,800 yuan/ton-150
Filament grade Bright chips domestic market5,050 yuan/ton4,900 yuan/ton-150
Pure Terephthalic Acid PTA domestic market3,655 yuan/ton3,550 yuan/ton-105
Pure Terephthalic Acid PTA export market
450 $/ton425 $/ton-25
Monoethyleneglycol MEG domestic market3,650 yuan/ton3,470 yuan/ton-165
Monoethyleneglycol MEG export market430 $/ton412 $/ton--18
Paraxylene PX FOB  Taiwan market521 $/ton514 $/ton-7
Paraxylene PX FOB  Korea market503 $/ton496 $/ton-7
Paraxylene PX FOB EU market

Petrochemical Polymers PETBottles MEG

451 $/ton443 $/ton-8
Polyester filament POY 150D/48F domestic market5,715 yuan/ton5,635 yuan/ton
-80
Recycled Polyester filament POY  domestic market5,800 yuan/ton5,800 yuan/ton
Polyester filament DTY 150D/48 F domestic market7,250 yuan/ton7,250 yuan/ton
Polyester filament FDY 68D24F domestic market 7,100 yuan/ton7,050 yuan/ton-50
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers PETBottles MEG
6,450 yuan/ton6,380 yuan/ton-70
Polyester staple fiber 1.4D 38mm domestic market6,000 yuan/ton5,900 yuan/ton-100
Caprolactam CPL domestic market10,350 yuan/ton10,550 yuan/ton
+200
Caprolactam CPL overseas  market1,090 $/ton1,110 $/ton+20
Nylon6 chips overseas  market1,350 $/ton1,350 $/ton
Nylon6 chips conventional spinning domestic  market11,700 yuan/ton11,650 yuan/ton-50
Nylon6 chips  high speed spinning domestic  market11,600 yuan/ton11,550 yuan/ton-50
Nylon 6.6 chips domestic  market18,000 yuan/ton18,500 yuan/ton+500
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers PETBottles MEG

13,600 yuan/ton13,650 yuan/ton+50
Nylon6 Filament DTY 70D/24F domestic  market16,300 yuan/ton16,500 yuan/ton+200
Nylon6 Filament FDY  70D/24F  domestic  market14,100 yuan/ton14,500 yuan/ton+400
Spandex 20D  domestic  market36,000 yuan/ton36,000 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,000 yuan/ton28,500 yuan/ton-500
Adipic Acid domestic market6,500 yuan/ton6,450 yuan/ton-50
Benzene domestic market3,650 yuan/ton3,500 yuan/ton-150
Benzene overseas  market429 $/ton426 $/ton
-3
Ethylene South East market680 $/ton755 $/ton+75
Ethylene NWE  market587 $/ton583 $/ton-4
Acrylonitrile ACN  domestic market8,600 yuan/ton8,600 yuan/ton
Acrylonitrile ACN  overseas market1,000 $/ton1,000 $/ton
Acrylic staple fiber ASF  domestic market11,300 yuan/ton11,300 yuan/ton
Viscose Staple Fiber VSF  domestic market8,800 yuan/ton8,700 yuan/ton-100
PP Powder domestic market7,400 yuan/ton7,300 yuan/ton-100
Naphtha overseas market 

Petrochemical Polymers PETBottles MEG

352 $/ton337 $/ton
-15
Phenol domestic market 7,450 yuan/ton7,800 yuan/ton+350
PS Taiwan 5250 GPPS990 $/ton 990 $/ton
PS Taiwan 8250 HIPS1,110 $/ton 1,120 $/ton+10
LDPE CFR Far East 852 $/ton872 $/ton+20
LLDPE CFR Far East752 $/ton782 $/ton+30
LDPE   FOB Middle East844 $/ton864 $/ton+20
LLDPE FOB Middle East744 $/ton774 $/ton+30
HDPE CFR Far East794 $/ton803824 $/ton+30
LDPE FD Northwest Europe 853 €/ton863 €/ton-+10
LLDPE FD Northwest Europe 803 €/ton803 €/ton
Homopolymer PP CFR Far East860 $/ton895 $/ton+35
Homopolymer PP FD NWE831 €/ton841 €/ton+10

Petrochemical Polymers PETBottles MEG

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Petrochemicals Enzymes Automotive PP 13-06-2020

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-Novel material outperforms standard catalysts in zinc-air batteries

Thin sheets of a trimetallic nitride allow Zn-air battery fibers to perform efficiently even when twisted

Using thin sheets of a new trimetallic material as catalysts in zinc-air batteries enhances the batteries’ performance, increasing their energy density (Nano Lett. 2020, DOI: 10.1021/acs.nanolett.0c00717). Made of three common metals—nickel, iron, and manganese—the new material could be an alternative to precious-metal catalysts, making Zn-air batteries less expensive and thus allowing them to be used more widely. What’s more, the material retains its performance even when the battery, shaped into a fiber, is twisted.

“Our work may open a completely new paradigm of devising efficient electrocatalysts for various metal-air batteries,” says study coauthor Guoxiu Wang of the University of Technology Sydney. They could also be used in fuels cells and in reactions that split water to generate hydrogen, the authors say.

Petrochemicals Enzymes Automotive PP

-Agilyx and Dolco to pilot polystyrene plastic collection programme

Plastic waste chemical recycling company Agilyx and polystyrene foam egg cartons maker Dolco Packaging have collaborated to trial polystyrene plastic collection programme. Petrochemicals Enzymes Automotive PP 

As part of this programme, Dolco’s Wenatchee facility in Washington will accept clean expanded polystyrene foam (EPS), extruded polystyrene foam (XPS) packaging and rigid polystyrene.

Collected plastics will be recycled at Regenyx, the advanced recycling facility in Tigard, Oregon. Regenyx is a joint venture between Agilyx and AmSty.

Petrochemicals Enzymes Automotive PP

-Why is Asia-Pacific (APAC) the Largest Bio-Based Polyethylene Terephthalate (PET) Market?

With time, a number of other global companies have come together to develop sustainable packaging solutions.

For instance, in 2017, the Nestlé Waters division of Nestlé SA and Danone, which are providers of bottled water, joined Origin, a U.S.-based startup, to form the NaturALL Bottle Alliance. Petrochemicals Enzymes Automotive PP 

The major idea behind the alliance is to manufacture 100% renewable bottles from bio-based PET, on the commercial scale.

With many of such multinational companies now pursuing sustainable living, these alliances have become somewhat of a trend.

Petrochemicals Enzymes Automotive PP

-Ascend makes first acquisition in China

Ascend Performance Materials, an integrated producer of polyamide 66 resin, has signed an agreement to purchase the assets of NCM (Changshu) Co., Ltd., and Tehe Engineering Plastic (Suzhou) Co., Ltd., located in Changshu Yushan High-tech Industrial Park. Petrochemicals Enzymes Automotive PP 

The acquisition gives Ascend a flexible footprint for growth in the region. The company’s master plan includes the expansion of compounding assets at the site along with a global research and development center with a focus on existing applications in the automotive, electrical and electronics, and consumer and industrial areas, as well as new ones in areas such as 3D-printing and high-performance films.

Petrochemicals Enzymes Automotive PP

-A conversation on sustainability with DSM

Fin Slater recently spoke with Jacqueline Revet, global marketing manager packaging at DSM and Juan Guerrero, industry manager EMEA flexible packaging at DSM about the place of inks and resins in the packaging sustainability discussion.

Broadly speaking, what kinds of roles do inks and resins play in packaging sustainability? Petrochemicals Enzymes Automotive PP 

JR: This is a good question and also a challenging one. You can’t view packaging sustainability in terms of one company or sector – you have to look at the industry as a whole. If we look at inks and resins in these terms, we can see that these sectors are different when compared to the total packaging structure.

Petrochemicals Enzymes Automotive PP

-Noble Biomaterials tests fabric’s antiviral effectiveness

Noble Biomaterials has announced the results of third-party laboratory testing of fabric made with its X- Static technology against human coronavirus OC43, a common strain of coronavirus. The company produces advanced material technologies for mission-critical applications in the performance apparel, healthcare, and emerging wearable technology markets. Petrochemicals Enzymes Automotive PP 

The lab results, from BioScience Laboratories, showed that the metallised Noble Biomaterials fabric reduced the viability of the virus six times faster than the unmetallised control fabric.

-Oil prices get big impetus from supply cuts

Oil prices have cemented their march up led by a combination of supply cuts and quicker-than-expected demand recovery as economies gradually reopen for business. But high stock levels, a potential return of shut-in production and uncertainty around demand recovery are likely to cap upside.

ICE Brent futures have nearly doubled to above US$40/barrel since hitting a multi-decade low in mid-April. Petrochemicals Enzymes Automotive PP 

While general euphoria around the world’s emergence from COVID-19 and demand recovery are factors, a big impetus to prices has come from a combination of voluntary and involuntary supply cuts.

Oil prices get big impetus from supply cuts

-UK economy shrinks by record 20.4pc in April

The UK economy suffered its biggest monthly contraction on record in April, with the country’s GDP shrinking by a fifth during the first full month of its Covid-19 lockdown.

The 20.4pc month-on-month fall in April’s GDP is three times larger than the decline during the whole of the economic downturn of 2008-09, according to the Office for National Statistics (ONS). Petrochemicals Enzymes Automotive PP 

The dramatic drop reflects “record broad-based falls in output for production, services and construction”, the ONS said.

UK economy shrinks by record 20.4pc in April

-Middle East petrochemical consolidations pick up pace

Consolidation among major petrochemical producers in the Middle East is picking up pace as state-owned companies look to manage costs in a challenging global market.

Qatar’s state-owned energy firm QP announced yesterday it will integrate petrochemical marketer Muntajat into its operations. Petrochemicals Enzymes Automotive PP 

Muntajat is a major marketer of polyethylene (PE) and petrochemical products such as methanol, MTBE and linear alkylbenzene (LAB).

Middle East petrochemical consolidations pick up pace

Petrochemicals Enzymes Automotive PP

Petrochemicals Enzymes Automotive Ethylene 12-06-2020

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Petrochemicals Enzymes Automotive Ethylene 12-06-2020

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Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Polyolefin catalyst market growth will positively impact from automotive sector

Polyolefin Catalyst Market is expected to showcase significant growth over 2020-2026. Increased use of polyolefin in automotive industry is being witnessed as several forward-looking companies invest in technologies that improve the value for PP producers, consumers and brand owners.

The competitive scenario in automotive industry has lately enhanced the demand for increased comfort and better fuel economy. The quantity of polyolefin materials used in the automotive industry has been driven by technological breakthroughs.

Petrochemicals Enzymes Automotive Ethylene

-British technology protects health with antibacterial additive in plastics

Santo Domingo.- The President of the Roundtable of Commonwealth Countries in the Dominican Republic, Fernando González Nicolás, on Tuesday highlighted the benefits for health protection with the use of D2P, a British technology additive that makes antibacterial plastic and packaging products.

González Nicolás explained that applying this chemical component in the manufacture of plastic articles, eliminates bacteria and viruses that reach the surface of these materials throughout their lifespan. Petrochemicals Enzymes Automotive Ethylene

Petrochemicals Enzymes Automotive Ethylene

-Yokogawa inks investment agreement with chemical recycling specialist Jeplan

“This partnership will lead to significant co-innovation in the circular economy field.”

Japanese electrical engineering company Yokogawa Electric has announced that it has signed an investment and partnership agreement with Jeplan – a polyester-material recycling company with an innovative chemical recycling technology.Petrochemicals Enzymes Automotive Ethylene

The two companies will partner in a business that makes use of this recycling process.

In a statement, Yokogawa said that polyester resin produced using Jeplan’s BRING Technology is of equal quality to “conventional petroleum-based polyester resin”.

Petrochemicals Enzymes Automotive Ethylene

-PX: What can we expect of PTA plant restart

There are talks about the pending restart of Hanbang’s 2.2 million mt/yr PTA plant on Jun 10-15. According to the sources, the plant is more likely to restart around Jun 15, which is expected to have great effect on recent PX and PTA markets.

It can be seen from the chart below that starting from the day when Hanbang’s PTA plant was shut (May 20), PTA-PX spread had been widening obviously while PX-naphtha spread been declining to hit record low. Petrochemicals Enzymes Automotive Ethylene

Petrochemicals Enzymes Automotive Ethylene

-Maezio®: Thermoplastic composites take lightness, performance and aesthetics to a new level

Lightweight products are in growing demand. Maezio® thermoplastic composites offer a lightweight material solution without compromising on performance and design. They can be used to manufacture components that are not only extremely light, strong and durable, but also offer new creative freedom for product designers. Petrochemicals Enzymes Automotive Ethylene

Maezio® thermoplastic composites combine strong carbon or glass fibers with the power and flexibility of thermoplastics. Thermoplastics like polycarbonate are used as the substrate material, and carbon or glass fibers are used for reinforcement.

Petrochemicals Enzymes Automotive Ethylene

-Saudi crude exports down by a third in May

Crude exports loaded in May from Saudi terminals fell by a third from the previous month to hit their lowest level in Argus records, as the latest Opec+ production deal capped Saudi Arabia’s output close to 8.49mn b/d last month.

Saudi crude terminals shipped out a combined 6.28mn b/d in May, down by 32pc on the month and the lowest level in Argus records, which started in August 2017, and a sharp plunge from the 9.22mn b/d in April, when Saudi Arabia flooded the market with record output after Opec+ talks collapsed in March. The group struck its new agreement in mid-April.Petrochemicals Enzymes Automotive Ethylene

Saudi crude exports down by a third in May

-Biomass body woes over finance law CO2 criteria

The European biomass industry has expressed concerns that newly proposed EU technical criteria defining ‘sustainable’ biomass could dissuade investment in the technology.Petrochemicals Enzymes Automotive Ethylene

The European Commission is soon expected to launch a public consultation on the environmental impact of industry. The consultation will be followed up with fast-track technical legislation by the end of this year, after which the European Parliament and member states will have limited room to make changes.

Biomass industry body BioEnergy Europe says a final report by sustainable finance experts appointed by the commission moves away from the sustainability criteria in the EU’s 2018 renewables directive. According to the report, to be classed as sustainable, biomass activities would need to meet a 80pc greenhouse gas (GHG) savings threshold when compared with average emissions of fossil fuels. This threshold is increased every five years to reach net zero by 2050.

Biomass body woes over finance law CO2 criteria

-China’s vehicle sales increase in May

Vehicle sales in China increased by 14.5pc in May from a year earlier, in only the second year-on-year increase since June 2018.

China’s vehicle sales totalled 2.194mn in May, and production rose by 18.2pc to 2.187mn from May 2019, the China Association of Automobile Manufacturers (CAAM) said on 11 June. Vehicle sales in April and May increased on the year, an occurrence last seen in June 2018.Petrochemicals Enzymes Automotive Ethylene

January-May sales fell by 22.6pc, with the latest months paring year-to-date declines of 43pc in March and 31.1pc in April, on the return of domestic demand after China brought the Covid-19 outbreak under control and stimulated the economy to offset lockdown effects.

China's vehicle sales increase in May

-Clariant targets Asia with satin effect for high-end personal care packaging

Clariant colour specialists have combined three colours from the ColorForward 2021 trend palette with a satin brushed-glass special effect in order to appeal to consumers in the booming Asian personal care market.Petrochemicals Enzymes Automotive Ethylene

The resulting look helps PET packaging give the impression of luxury and prestige otherwise associated with the brushed glass used for high-end branded products.

The effect is developed during the PET stretch blow-moulding process. A proprietary additive, in concentrated masterbatch form, is added to natural PET resin during the moulding of the bottle preform. Then, as the preform is reheated, stretched and blown into the finished shape, the satin look emerges.

Clariant targets Asia with satin effect for high-end personal care packaging

-Lux Research releases report on the state of electric vehicles

According to Lux Research’s report, “The Electric Vehicle Inflection Tracker: 2020 Edition,” most of automakers’ attention has been focused on making battery electric vehicles (BEVs) that are profitable while addressing consumer pain points related to charging speed and range.Petrochemicals Enzymes Automotive Ethylene

“Consumers want to know, how far can this electric car go and what will it cost? Fortunately, BEVs are consistently making progress on how far they can go, with the average range now 230 miles. Since 2011, range has consistently increased, with a CAGR of 13.7%,” says Lux Research Senior Analyst and lead author of the report Christopher Robinson.

Clariant targets Asia with satin effect for high-end personal care packaging

Petrochemicals Enzymes Automotive Ethylene

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Crude Oil Prices Trend

Crude Oil Prices Trend

-Asia naphtha prices touch three-month high on crude oil rally

Asia naphtha prices rose to a three-month high, bolstered by strong gains in crude oil futures, with healthy demand and curtailed excess flows from Europe poised to lend market support.

In afternoon Asian trade, open-specification naphtha prices for second-half July delivery averaged at $380.00/tonne CFR (cost and freight) Japan, climbing by $18.50/tonne from the previous session on 5 June. Petrochemicals Enzymes Automotive CPL

Spot naphtha prices were last seen at such levels on 6 March 2020 at above the $400/tonne CFR Japan mark, ICIS data shows.

ICE Brent August crude oil futures rallied to $42.53/bbl at noon in Asia, after OPEC+ agreed to deepen record output cuts until the end of July.

Petrochemicals Enzymes Automotive CPL

-Sustainable Green Deal growth only possible with innovative plastics recycling

The recently presented EU Recovery Plan is a necessary means to helping waste management companies achieve a circular economy across Europe.

‘The circular economy must be a guiding principle for EU recovery and future growth plans – especially when it comes to the plastics sector’, says Klaus Wohnig, CEO, APK AG. Petrochemicals Enzymes Automotive CPL

‘The COVID-19 pandemic has interrupted recyclers’ supply chains and, aggravated by the low price of virgin materials on top of low oil prices, demand for plastic recyclates has decreased dramatically’. This development is diametrically opposed to the ambitious Green Deal plans of the EU Commission with regard to boosting the quality of plastics recycling, increasing resource efficiency and decreasing emissions.

Petrochemicals Enzymes Automotive CPL

-Arkema joins the World Business Council for Sustainable Development

Arkema has become a member of the World Business Council for Sustainable Development (WBCSD), the company has announced.

A global, CEO-led organization of over 200 leading businesses from all business sectors and all economies, the WBCSD aims to accelerate the transition to a sustainable world.

Through innovation and collaboration, the goal is ultimately to make sustainable businesses more successful. Petrochemicals Enzymes Automotive CPL

Petrochemicals Enzymes Automotive CPL

-Indorama buys PET recycling facility in Brazil

PET giant continues to invest in recycling

Thailand-headquartered Indorama Ventures (IVL) has announced that it has completed its acquisition of a 100% equity stake in AG Resinas Ltda.

IVL closed the deal 8 June. This acquisition is strategically in-line with the IVL’s long-term sustainability objectives and will complement IVL’s PET business in Brazil. The company said it would ‘provide a unique opportunity to create an immediate recycling presence with further expansion opportunity’. Petrochemicals Enzymes Automotive CPL

AG Resinas, a PET recycling facility in Juiz de Fora, Brazil with a capacity of some 9,000 tonnes/annum, processes post-consumer PET into recycled polyethylene terephthalate (rPET) flakes and pellets. In terms of logistics, the facility has the advantage of being located in close proximity to a large supply of recovered PET bottles.

Petrochemicals Enzymes Automotive CPL

-Ocean plastics: we need prevention more than a cure

‘Once in the oceans, it’s almost impossible to clean up’ says Tomra’s Kristine Berg

When circular economy advisor Kristine Berg sailed with eXXpedition on a voyage across the North Pacific, she saw first-hand what the Great Pacific Garbage Patch looked like.

“Washing baskets, toilet seats, lawn chairs and much more,” she said. “It’s out there for decades, so it’s breaking down and becoming more like a plastic soup than the island of plastic that many people imagine. How in the world do you clean that up in any kind of efficient way? In time or money?”  Petrochemicals Enzymes Automotive CPL

The experience was an amazing one, said Kristine, who works at Tomra, the Norwegian company specialised in recycling and sensor-based sorting systems, offering a unique opportunity to connect with the ocean.  “When we sailed across the North Pacific the closest people to us were the International Space Station…so it’s like going to the moon in many ways as well,” she said.

Petrochemicals Enzymes Automotive CPL

-Global 2020 economic output to plunge if second coronavirus outbreak hits – OECD

Global economic output will fall 7.6% in 2020 with soaring unemployment if a second coronavirus outbreak takes hold by the end of the year, the OECD said on Wednesday.

If a new wave of infections is avoided, economic activity is expected to drop 6%, the organisation said in its latest Economic Outlook. Petrochemicals Enzymes Automotive CPL

“If a second outbreak occurs triggering a return to lockdowns, world economic output is forecast to plummet 7.6% this year, before climbing back 2.8% in 2021. At its peak, unemployment in the OECD economies would be more than double the rate prior to the outbreaks, with little recovery in jobs next year.

Petrochemicals Enzymes Automotive CPL

-LCA proves PS is ‘made for the circular economy’

Greenhouse gas (GHG) emissions for recycled polystyrene are half that of its fossil-based counterpart, reports Ineos Styrolution in the first results of a lifecycle assessment (LCA) for depolymerised styrene according to the ISO 14040 and ISO 14044 standards. Petrochemicals Enzymes Automotive CPL

Two independent research projects have demonstrated a consistent picture for the carbon footprint of recycled polystyrene, claims the company.

The first, a laboratory scale project, shows GHG savings of 37 per cent when making styrene from post-consumer polystyrene waste, compared with fossil-based styrene. A further reduction is said to be possible by adapting the energy mix.

-LCA proves PS is ‘made for the circular economy’

-TOMRA Recycling releases its most advanced sorting solutions via digital event

TOMRA Sorting Recycling launched its latest advanced sorting solutions to meet demand for faster, more efficient and smarter material sorting during a virtual show yesterday (June 9th.)  Petrochemicals Enzymes Automotive CPL

Under the theme of ‘Symphony of all Sorts’, the company formally launched two brand new products, TOMRA’s new generation technology AUTOSORT and AUTOSORT SPEEDAIR, and also outlined plans for the forthcoming launch of a third new solution, AUTOSORT CYBOT.

TOMRA Recycling releases its most advanced sorting solutions via digital event

-Covestro-Tongji Innovation Academy intensifies cooperation

The partnership of Covestro and the Tongji University in Shanghai is continuing to grow and boosting the open innovation initiatives in China.

In the framework of the Covestro-Tongji Innovation Academy, dedicated to material science in mobility, construction and robotics, multiple joint research projects in the electric vehicle (EV) field have been launched to reduce the weight of battery packs, increase the capacity of electrode materials, and improve safety.

The joint Academy has been exploring battery thermal management systems for EV cars and energy storage, which will be important to become more cost competitive in the course of lowered CO2 emissions.  Petrochemicals Enzymes Automotive CPL

Covestro-Tongji Innovation Academy intensifies cooperation

-Arvind launches revolutionary anti-viral fabrics10

India’s leading textile-to-retail conglomerate Arvind Limited today announced launch of anti-viral textile technology for the first time in India under its brand ‘Intellifabrix’. Arvind has partnered with Swiss textile innovation leader HeiQ Materials AG and Taiwanese specialty chemical major Jintex Corp to introduce the revolutionary anti-virus technology.

Research shows that viruses and bacteria, can remain active on textile surfaces for up to two days. Garments treated with HeiQ Viroblock actively inhibit viruses and kill them upon contact, helping to minimise the potential for re-transmission of pathogens through clothing, an Arvind press release said.

Arvind launches revolutionary anti-viral fabrics

Petrochemicals Enzymes Automotive CPL

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-Opec+ extra cuts will end in June: Update

Adds details from Saudi oil minister on compliance in paragraphs 6-8

Mideast Gulf countries that pledged deeper crude cuts beyond their Opec+ commitments this month do not plan to extend these into July, Saudi oil minister Prince Abdulaziz bin Salman said today.

Opec+ agreed on 6 June to extend the first phase of its two-year production restraint deal to the end of July for all participants except Mexico. The group agreed in April to cut May-June production by 9.7mn b/d, largely from an October 2018 baseline.

Saudi Arabia, Kuwait and the UAE pledged additional cuts in June, which would cap Saudi production at 7.49mn b/d, Kuwaiti output at or below 2.09mn b/d and UAE production around 2.35mn b/d. Non-Opec Oman pledged to take an additional 15,000 b/d off the market in June, above its commitment. In total these removed around 1.2mn b/d from the market in June.

Petrochemicals Enzymes Automotive ACN

-BP to cut 10,000 jobs because of oil price crash

BP (BP) is cutting 10,000 jobs as it reels from a crash in oil prices and tries to pivot toward renewable energy.

CEO Bernard Looney told employees on Monday that the oil giant would reduce its global workforce by nearly 15% this year. Most of the cuts will affect office jobs.

The company said in February that it would reorganize its business to achieve net zero emissions by 2050 or sooner. The coronavirus pandemic, which caused oil prices to plunge as people hunkered down at home, has only accelerated the need to reduce costs, Looney said.  Petrochemicals Enzymes Automotive ACN

Brent crude futures, the global benchmark for oil prices, hit their lowest level in decades in April, falling below $20 per barrel. They’ve since staged a comeback and were last trading above $42 per barrel. But that’s still well below where prices started the year.

Petrochemicals Enzymes Automotive ACN

-Benvic develops antibacterial PLA for PPE

The advantages of additive manufacturing have come to the fore over the past months. Additive manufacturing has offered a solution for issues ranging from a shortage of ventilator components to protective masks, making it possible to reproduce parts on a local level to meet unexpected demands. Petrochemicals Enzymes Automotive ACN

3D printed parts are easily modified using CAD software and adaptable to changing circumstances with no constraints. One of the most commonly used resins in additive manufacturing is polylactic acid.

Petrochemicals Enzymes Automotive ACN

-HeiQ Viroblock Tested Successfully Against Virus That Causes COVID-19

HeiQ Viroblock NPJ03 is among the first textile technologies in the world to be proven effective against SARS-CoV-2 in the laboratory. Tests conducted by Swiss textile innovator HeiQ with the Peter Doherty Institute for Infection and Immunity in Melbourne, Australia (Doherty Institute) showed that treated fabric achieved 99.99% reduction of the virus. Petrochemicals Enzymes Automotive ACN

HeiQ Viroblock NPJ03 is a textile treatment for industrial use, designed to provide textiles with antiviral and antibacterial properties. The combination of silver antimicrobial technology and vesicle technology rapidly destroy enveloped viruses including coronaviruses. It has previously been tested against coronavirus 229E, another strain of virus in the Coronavirus family.

Petrochemicals Enzymes Automotive ACN

-University student creates ecologically sound plastic textile

A Textiles for Fashion student from the University of Northampton has shown plastic can be suitable for her very own alternative biodegradable textiles.

Geedanjana Inthirakumaran, was shocked to learn how damaging the manufacturing process of textile could be, and was determined to investigate more ecologically sound methods of creating materials for her final year textile collection.

She told the University: “As much as textiles can be beautiful, the processes produce a lot of CO2 emissions, due to dying, printing or manipulation. Most of the time the fabric itself is made using harsh processes that either harm animals or nature.”

Petrochemicals Enzymes Automotive ACN

Petrochemicals Enzymes Automotive ACN

-Unlocking the secrets of a plastic-eater

Graduate student Linda Zhong and professor of biology Anthony Sinskey are studying the plastic-devouring enzyme PETase as a way to improve recycling.

It was during a cruise in Alaska that Linda Zhong realized that the world didn’t have to be full of plastic.  Petrochemicals Enzymes Automotive ACN

“I grew up in cities, so you’re very used to seeing all kinds of trash everywhere,” says the graduate student in microbiology. Zhong, who is Canadian and lived in Ottawa growing up and in Toronto during college, routinely saw trash in the waters of the Ottawa River and on the beaches around Lake Ontario.

“You never see it as anything other than normal.”

Alaska changed that. Seeing the pristine, plastic-free landscape, Zhong decided to find a way to get rid of plastic waste. “I’m a biologist, so I approached it from a biological standpoint,” she says.

Petrochemicals Enzymes Automotive ACN

-Building Back The Circular Economy

The global pandemic has given the world a rare chance to reflect and rethink its actions. It has given an opportunity to reverse the damage we’ve done to the planet and building back the plastics circular economy will be a crucial part of this. Doing so however, will require an overhaul of how businesses approach the process.

In an exclusive piece for Packaging Europe, Plastics For Change, whose mission is ‘to use plastic waste as a resource for addressing social issues’, considers how we can go about this. Petrochemicals Enzymes Automotive ACN

Building Back The Circular Economy

-Nigeria’s Indorama closer to starting up 1.3m tonne/year urea line

The first of Nigerian producer Dangote Industries Limited’s 1.3m tonne/year granular urea line is undergoing trials and likely to begin exports in first half of 2021, several sources said on Tuesday.  Petrochemicals Enzymes Automotive ACN

The fertilizer facility is located at Ibeju Lekki in Lagos, and comprises two trains each of urea, both with a daily production capacity of 3,850 tonnes.

In the first phase, only one urea and ammonia line would be commissioned.

Tests at the plant are done and commissioning is likely to begin after 10 days once turbines start and power is available, said Devakumar Edwin, executive director at Dangote to local media.

Nigeria’s Indorama closer to starting up 1.3m tonne/year urea line

-Shipping giant stops taking fiber exports to China

A major shipping line will no longer accept recovered fiber and other scrap material exports bound for China, in anticipation of the country completely closing the door to those commodities.

Mediterranean Shipping Company (MSC) this month stopped accepting shipments of recovered fiber, plastics, metals and chemicals headed for China. The company issued a notice to customers outlining the change, which took effect June 1.

The notice, reviewed by Resource Recycling, references China’s goal to eliminate “solid waste” imports into law. Petrochemicals Enzymes Automotive ACN

A company spokesperson confirmed MSC’s policy and said the company is “complying with recently updated Chinese legislation” related to solid waste cargo.

Shipping giant stops taking fiber exports to China

-Asia growth outlook still weak despite massive support measures

Asia’s economic growth outlook remains clouded despite injection of massive fiscal stimulus packages to counter the crippling impact of the coronavirus pandemic.

The pandemic is choking the global economy: unemployment is spiking, manufacturing activity has ground to a halt, some businesses are facing closures while governments will be incurring huge budget deficits to fund the massive stimulus packages.

The World Bank in a report on Tuesday said that growth in east Asia and the Pacific is expected to slow to 0.5% in 2020 – the lowest rates since 1976 – tracking the projected 5.2% contraction in the global economy. Petrochemicals Enzymes Automotive ACN

To mitigate the impact of the coronavirus crisis, all major regional economies have implemented large macroeconomic policy packages to support and revive business and commerce, and generate employment.

Asia growth outlook still weak despite massive support measures

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-Hengli’s new 2.5 mtpa PTA line meets guarantees: Invista

Invista’s technology and licensing group, Invista Performance Technologies (IPT), and Hengli Petrochemical (Hengli), have announced that Hengli’s 4th purified terephthalic acid (PTA) line utilising Invista’s P8 Process Technology has met all performance guarantees.

Hengli’s 4th PTA line of 2.5 million tonnes per annum (mtpa) capacity, located in Changxing Island, Dalian City, Liaoning Province, utilising Invista’s P8 PTA technology with industry leading variable cost, capital productivity and environmental performance, came online on January 8, 2020.

This PTA line also produces benzoic acid as co-product, utilising Invista’s proprietary R2R technology.

Petrochemicals Enzymes Automotive PA

-Oerlikon Nonwoven Supplies The Meltblown Technology For Innovatec GmbH

Germany’s Federal Minister of Economics Peter Altmaier today handed over the first notice of funding to Innovatec GmbH in Troisdorf as part of the recently launched “Nonwoven Production” funding program. The North Rhine-Westphalian company intends to produce an additional 1 500 tons of nonwoven per year in the future with the two newly installed subsidized meltblown lines of which one is from Oerlikon Nonwoven. The additional volume will enable the production of more than 1.5 billion protective masks. Petrochemicals Enzymes Automotive PA

Innovatec GmbH, the self-proclaimed largest nonwoven manufacturer in Europe, has invested a two-digit million Euro amount in two new production lines for meltblown nonwovens. Both lines are “made in Germany” – and one line comes from Oerlikon Nonwoven in Neumünster.

Petrochemicals Enzymes Automotive PA

-Ampacet finds bliss in a difficult 2020

So far, 2020 has been a difficult year in many ways. With that in mind, let’s thank materials maker Ampacet for taking us to a world of Silky Bliss.

Silky Bliss is the name of a new line of masterbatch concentrates being made by Tarrytown, N.Y.-based Ampacet. Petrochemicals Enzymes Automotive PA

In a news release, officials said that the collection is designed to provide “an elegant silky surface treatment” as well as recyclability to packaging applications using virgin or recycled PET.

Petrochemicals Enzymes Automotive PA

-Industry calls for ban on oxo-degradable plastics

A coalition of recycling associations has called on the government to implement a total ban on so-called oxo-degradable plastics. Petrochemicals Enzymes Automotive PA

Oxo-degradable material contains additives meant to accelerate the fragmentation of plastics into microplastics. It is often found in products such as plastic bags.

In an open letter to the environment secretary, signatories including the Environmental Services Association (ESA) and Recoup call on George Eustice to ban the use, sale and distribution of oxo-degradable plastics in the UK.

Petrochemicals Enzymes Automotive PA

-Ocean plastics may buoy Europe R-PET market

It certainly appears as though the recycled polymer markets in Europe are developing at a much faster pace than their virgin counterparts. There is an ever-growing interest in the growth of these markets, from the likes of brands and FMCGs, virgin polymer producers, the global petrochemical players and financial institutions.

EU legislation and the global war on plastic waste is leading to a massive amount of public and government attention being put on recycled plastics.

Major global brands are making pledges to increase the amount of R-PET (recycled PET – polyethylene terephthalate) in their PET beverage bottles.

This is to either meet or exceed the EU’s 25% target by 2025, largely driven by consumer pressure, or perhaps as a marketing ploy. Petrochemicals Enzymes Automotive PA

Petrochemicals Enzymes Automotive PA

-Latin America PP faces high degree of demand risks amid rising feedstocks

Latin America polypropylene (PP) continues to face a high degree of uncertainty stemming from pandemic-related impacts.

Reduced refinery operations have lowered propylene feedstock supply and rising crude prices will likely prevent any further price reductions for PP.

While demand for essential goods remains largely intact, industrial sectors are in steep decline.  Petrochemicals Enzymes Automotive PA

Brazil has quickly moved up the list of confirmed coronavirus cases, now second only to the US. The largest country in Latin America now has more than 550,000 confirmed cases, and daily death rates over the past weeks have been in the thousands.

Petrochemicals Enzymes Automotive PA

-On World Ocean’s Day 2020, How Is The Fashion Industry Taking Action?

While sustainability may not be a top-of-mind issue for consumers at the present moment, some fashion and apparel brands are continuing to lean into their efforts aimed at reducing ocean waste despite that fact—which is relevant today on World Oceans Day.  Petrochemicals Enzymes Automotive PA

The reality is: more than 8 million metric tons of plastics enter the oceans each year—on top of the 150 million metric tons that are currently circulating marine environments.

This is a pressing issue when you consider scientists have found that the plastic waste we can see and measure only accounts for a small percentage of the total amount of plastics that enter the ocean.

On World Ocean’s Day 2020, How Is The Fashion Industry Taking Action?

-EU recovery package must centre on circular economy: PCEP

The Polyolefin Circular Economy Platform (PCEP) has called for investment decisions taken by Member States, the EU and all economic actors, as part of the EU recovery package to be focused on delivering the circular economy.

Mark Vester, chairman of PCEP, said: “Our members remain fully committed to the transition to a circular economy for polyolefins, with all the activity across the value chain that this entails. Petrochemicals Enzymes Automotive PA

Maintaining healthy waste management and recycling sectors are critical stepping stones towards a more circular plastics value chain. We need to invest in forward looking infrastructure that will accelerate the transition to circularity.“

EU recovery package must centre on circular economy: PCEP

-PET sheet producer volumes surge by 15 per cent

Oman-based packaging manufacturer Octal increased its PET volumes by 15 per cent between February and May 2020, compared with the same period last year, as a result of surges in demand created by the coronavirus pandemic.

Octal produced and shipped 247,000 tonnes of PET sheet and resin to various destinations around the world during this time, to satisfy food and beverage packaging demand.  Petrochemicals Enzymes Automotive PA

The company’s chief executive Nicholas Barakat said: ” As essential businesses shift to more sustainable approaches, we recognize our role in providing innovative solutions in advanced material science, and stepping-up to meet that demand. Especially during these times of crisis, we witness how vital our stringent manufacturing protocols are to supporting global food security.”

PET sheet producer volumes surge by 15 per cent

-German manufacturing reaches nadir but starts recovery

German industrial production in April fell to its lowest in recent years because of the Covid-19 outbreak and measures taken to contain it, but the economy has started its recovery, the country’s economy ministry said.

Manufacturing output had already dropped in March as Germany introduced social distancing measures and industrial users turned down production.

But the full effects of these measures were not felt until April, the ministry said.

April’s seasonally and working-day adjusted industrial output fell by a further 22.1pc from March and was equivalent to only about 70pc of that in April 2015.

The month-on-month decrease was far steeper than March’s 11pc decrease from February.  Petrochemicals Enzymes Automotive PA

German manufacturing reaches nadir but starts recovery

Petrochemicals Enzymes Automotive PA

Petrochemicals Enzymes Automotive PE 08-06-2020

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Petrochemical Polymers PETBottles Paraxylene Trend

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Crude Oil Prices Trend

Crude Oil Prices Trend

-Pandemic, dire economy, unrest upend US presidential race

Three concurrent crises scarring the United States — a deadly health pandemic, economic despair and widespread social unrest — have reframed this year’s presidential contest and prompted national reflection over racial inequality in America.

Is the country on the cusp of a transformation, or will systemic inequalities exacerbated by the coronavirus crisis persist, allowing alienation and marginalization to fester?

In weeks, the unprecedented strain has become the focal point of the ferocious White House campaign between President Donald Trump and Democrat Joe Biden, two politicians approaching the disasters with very different strategies.

Pandemic, dire economy, unrest upend US presidential race

-OPEC+ Extends Oil Cuts in Win for Saudi-Russian Alliance

OPEC+ agreed to a one-month extension of its record output cuts and adopted a stricter approach to ensuring members don’t break their production pledges.

The deal will underpin the oil market recovery, easing the financial pain felt by resource-dependent emerging economies, shale explorers in Texas, and blue-chip companies like Royal Dutch Shell Plc.

It’s a victory for Saudi Arabia and Russia, who put a destructive price war behind them to successfully cajole Iraq, Nigeria and other laggards to fulfill their promises to cut production. The two leaders of OPEC+ showed that they intend to keep a close watch on the oil market, meeting every month to assess the balance between supply and demand amid an uncertain economic recovery from the global pandemic.

“Our collective efforts have borne fruit, and despite many uncertainties, there are encouraging signs that we are over the worst,” said Saudi Energy Minister Prince Abdulaziz bin Salman. “Demand is returning as big oil-consuming economies emerge from pandemic lockdown,” he added.

Petrochemicals Enzymes Automotive PE

-Europe ethylene spot prices rise but propylene fails to gain traction

Ethylene and propylene demand remains rather mixed depending on derivative and application and the outlook is still certainly unpredictable but, on a short-term basis, there have been some shifts in spot prices.

ETHYLENE FIRMS AS MARKET BALANCES

Ethylene has moved from an extremely lengthy supply position – lowest pricing point in April and H1 May – into a much more balanced scenario.

A fire at Borealis’ Stenungsund, Sweden cracker on 11 May and its subsequent ongoing outage, together with unplanned issues at the Priolo and Brindisi crackers in the Mediterranean, changed the fortunes of those ethylene sellers constantly under pressure to manage their balances. Petrochemicals Enzymes Automotive PE

Petrochemicals Enzymes Automotive PE

-Saudi Arabia’s oil exports plunge $11 billion in first quarter

Brent crude prices fell more than 60% in the quarter hurt by the coronavirus pandemic and an oil price war between Saudi Arabia and Russia following the collapse in March of talks on further production cuts.

DUBAI: The value of Saudi Arabia’s oil exports plunged by 21.9% year on year in the first quarter to $40 billion, corresponding to a decline of about $11 billion, official data showed on Sunday.  Petrochemicals Enzymes Automotive PE

Brent crude prices fell more than 60% in the quarter hurt by the coronavirus pandemic and an oil price war between Saudi Arabia and Russia following the collapse in March of talks on further production cuts.

Petrochemicals Enzymes Automotive PE

-STADLER continues to increase productivity at RCS PET sorting plant

RCS, based in Werne, Germany, is continuing its partnership with STADLER to provide companies efficient and sustainable solutions for the disposal of commercial waste.

An important area of focus for RCS is the recycling of PET bottles to produce plastic flakes for a variety of applications and high-quality regranulate for the food sector.

In order to achieve both the consistent high purity it requires and optimise the processes at its plant, RCS has relied on STADLER’s expertise over the years.

Petrochemicals Enzymes Automotive PE

Petrochemicals Enzymes Automotive PE

-Latin America PP faces high degree of demand risks amid rising feedstocks

Latin America polypropylene (PP) continues to face a high degree of uncertainty stemming from pandemic-related impacts.

Reduced refinery operations have lowered propylene feedstock supply and rising crude prices will likely prevent any further price reductions for PP.

While demand for essential goods remains largely intact, industrial sectors are in steep decline. Petrochemicals Enzymes Automotive PE

Brazil has quickly moved up the list of confirmed coronavirus cases, now second only to the US. The largest country in Latin America now has more than 550,000 confirmed cases, and daily death rates over the past weeks have been in the thousands.

Latin America PP faces high degree of demand risks amid rising feedstocks

-US industrial ethanol demand remains strong, expected to be a long-term trend

Heightened demand for sanitizers, and consequently industrial ethanol, is expected to be a long-term trend even if a coronavirus vaccine is made.

Many large alcohol distributors and producers are now investing in or considering the permanent switch to industrial ethanol and sanitizer production as increased sanitization efforts are now considered a long term consumer trend.

As US fuel ethanol producers continue to feel margin pressure, despite indications of demand recovery, some are considering the switch to industrial production for the long term. Petrochemicals Enzymes Automotive PE

Smaller fuel producers are more likely to consider the switch, as larger fuel ethanol producers are typically able to weather downturns for a longer period of time.

US industrial ethanol demand remains strong, expected to be a long-term trend

-Automotive demand, rising feedstock costs spur monoethylene glycol buying

European MEG spot demand for barges and trucks has risen of late on a combination of firm feedstock costs, tighter supply and resurgent automotive demand, according to market sources.

Register Now Having traded below the Eur300/mt ($340/mt) mark early last week, spot truck prices were trading as high as Eur390/mt in some cases and offered at Eur430/mt FCA in recent sessions. Petrochemicals Enzymes Automotive PE

In the bulk market where buyers were looking for material, offers were seen as high as Eur400/mt CIF Antwerp.

Automotive demand, rising feedstock costs spur monoethylene glycol buying

-Plastic Recycling Vital for Our Circular Economy

MBA Polymers UK General Manager and President of EuRIC’s Plastic Recycling Branch, Paul Mayhew, highlights the important role plastic recycling will play in creating a circular economy.  Petrochemicals Enzymes Automotive PE

MBA Polymers’ vision is to create a sustainable planet by eliminating plastic waste and preventing the depletion of the world’s natural resources. Through a series of processing stages, we can produce a recycled polymer to the same specification as the original part, closing the recycling loop by reprocessing many tonnes of post-production waste each week, which would have otherwise been sent to landfill.

EuRIC shares this same vision and acknowledges the key benefits plastic recycling plays in the respect of turning waste into high-quality recyclates. By doing so, it contributes to save virgin resources, greenhouse gas emissions and energy.

MBA Polymers UK General Manager and President of EuRIC’s Plastic Recycling Branch, Paul Mayhew

-China Trade Surplus Surges to Record as Medical Exports Jump

China’s trade surplus surged to a record in May as exports fell less than expected, helped by an increase in medical-related sales, and imports slumped along with commodity prices.

Exports decreased 3.3% in dollar terms from a year earlier, beating economists’ estimates, while imports plunged 16.7%. That resulted in a trade surplus of $62.93 billion. Petrochemicals Enzymes Automotive PE

The record surplus comes as the price of commodities China buys such as crude oil, natural gas and soy beans declined. Exports, meantime, have come off their lows, helped in part by sales of masks and other medical supplies as countries around the world battle to stem the spread of the coronavirus.

China Trade Surplus Surges to Record as Medical Exports Jump

Petrochemicals Enzymes Automotive PE

Petrochemicals Enzymes Automotive PP 06-06-2020

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