Petrochemicals Enzymes CrudeOil ACN 15-06-2020

Petrochemicals Enzymes CrudeOil ACN

 

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

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

Petrochemicals Enzymes Automotive PP 13-06-2020

Petrochemicals Enzymes Automotive PP

-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

Petrochemicals Enzymes Automotive Ethylene 12-06-2020

Petrochemicals Enzymes Automotive Ethylene

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

Petrochemicals Enzymes Automotive CPL 11-06-2020

Petrochemicals Enzymes Automotive CPL 11-06-2020

Petrochemicals Enzymes Automotive CPL

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

Petrochemicals Enzymes Automotive ACN 10-06-2020

Petrochemicals Enzymes Automotive ACN 10-06-2020

Petrochemicals Enzymes Automotive ACN

Crude Oil Prices Trend

Crude Oil Prices Trend

-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

Petrochemicals Enzymes Automotive ACN

Petrochemicals Enzymes Automotive PA 09-06-2020

Petrochemicals Enzymes Automotive PA 09-06-2020

Petrochemicals Enzymes Automotive PA

Crude Oil Prices Trend

Crude Oil Prices Trend

-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

Petrochemical Polymers PETBottles Paraxylene Trend

Petrochemical Polymers PETBottles Paraxylene

Petrochemical Polymers PETBottles Paraxylene

Polyestertime
ITEM01/06/202008/06/2020+/-
Bottle grade PET chips domestic market5,6005,700 yuan/ton+100
Bottle grade PET chips export market685 $/ton690 $/ton+5
Filament grade Semidull chips domestic market

Petrochemical Polymers PETBottles Paraxylene

4,750 yuan/ton4,950 yuan/ton+200
Filament grade Bright chips domestic market4,850 yuan/ton5,050 yuan/ton+200
Pure Terephthalic Acid PTA domestic market3,580 yuan/ton3,655 yuan/ton+75
Pure Terephthalic Acid PTA export market
435 $/ton450 $/ton+15
Monoethyleneglycol MEG domestic market3,630 yuan/ton3,650 yuan/ton+20
Monoethyleneglycol MEG export market425 $/ton430 $/ton-+5
Paraxylene PX FOB  Taiwan market474 $/ton521 $/ton+47
Paraxylene PX FOB  Korea market456 $/ton503 $/ton+47
Paraxylene PX FOB EU market

Petrochemical Polymers PETBottles Paraxylene

393 $/ton451 $/ton+58
Polyester filament POY 150D/48F domestic market5,380 yuan/ton5,715 yuan/ton
+335
Recycled Polyester filament POY  domestic market5,600 yuan/ton5,800 yuan/ton+200
Polyester filament DTY 150D/48 F domestic market7,100 yuan/ton7,250 yuan/ton+150
Polyester filament FDY 68D24F domestic market 6,900 yuan/ton7,100 yuan/ton+200
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers PETBottles Paraxylene
6,230 yuan/ton6,450 yuan/ton+220
Polyester staple fiber 1.4D 38mm domestic market5,820 yuan/ton6,000 yuan/ton+180
Caprolactam CPL domestic market9,750 yuan/ton10,350 yuan/ton
+600
Caprolactam CPL overseas  market1,065 $/ton1,090 $/ton+25
Nylon6 chips overseas  market1,350 $/ton1,350 $/ton+30
Nylon6 chips conventional spinning domestic  market10,900 yuan/ton11,700 yuan/ton+800
Nylon6 chips  high speed spinning domestic  market10,950 yuan/ton11,600 yuan/ton+650
Nylon 6.6 chips domestic  market17,050 yuan/ton18,000 yuan/ton+950
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers PETBottles Paraxylene

13,100 yuan/ton13,600 yuan/ton+500
Nylon6 Filament DTY 70D/24F domestic  market16,200 yuan/ton16,300 yuan/ton+100
Nylon6 Filament FDY  70D/24F  domestic  market14,000 yuan/ton14,100 yuan/ton+100
Spandex 20D  domestic  market36,500 yuan/ton36,000 yuan/ton-500
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,000 yuan/ton29,000 yuan/ton
Adipic Acid domestic market6,300 yuan/ton6,500 yuan/ton+200
Benzene domestic market3,530 yuan/ton3,650 yuan/ton+120
Benzene overseas  market398 $/ton429 $/ton
+31
Ethylene South East market640 $/ton680 $/ton+40
Ethylene NWE  market530 $/ton587 $/ton+57
Acrylonitrile ACN  domestic market8,300 yuan/ton8,600 yuan/ton+300
Acrylonitrile ACN  overseas market900 $/ton1,000 $/ton+100
Acrylic staple fiber ASF  domestic market11,300 yuan/ton11,300 yuan/ton
Viscose Staple Fiber VSF  domestic market8,800 yuan/ton8,800 yuan/ton
PP Powder domestic market7,350 yuan/ton7,400 yuan/ton+50
Naphtha overseas market 

Petrochemical Polymers PETBottles Paraxylene

297 $/ton352 $/ton
+55
Phenol domestic market 6,750 yuan/ton7,450 yuan/ton+700
PS Taiwan 5250 GPPS970 $/ton 990 $/ton+20
PS Taiwan 8250 HIPS1,110 $/ton 1,110 $/ton
LDPE CFR Far East 832 $/ton852 $/ton+20
LLDPE CFR Far East752 $/ton752 $/ton
LDPE   FOB Middle East824 $/ton844 $/ton+20
LLDPE FOB Middle East744 $/ton744 $/ton
HDPE CFR Far East754 $/ton803794 $/ton+40
LDPE FD Northwest Europe 813 €/ton853 €/ton-+40
LLDPE FD Northwest Europe 773 €/ton803 €/ton+30
Homopolymer PP CFR Far East835 $/ton860 $/ton+25
Homopolymer PP FD NWE801 €/ton831 €/ton

Petrochemical Polymers PETBottles Paraxylene

Petrochemicals Enzymes Automotive PE 08-06-2020

Petrochemicals Enzymes Automotive PE

Petrochemical Polymers PETBottles Paraxylene Trend

Petrochemicals Enzymes Automotive PE

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

Petrochemicals Enzymes Automotive PP 06-06-2020

Petrochemicals Enzymes Automotive PP

-DGIST Undergraduates Discover Bacteria that Decompose Plastic from Insects

A research team of undergraduates of Daegu Gyeonbuk Institute of Science & Technology (DGIST) has discovered bacteria that can biodegrade plastic within the bodies of insects. This discovery is anticipated to trigger studies related to biodegradation of plastic that can contribute greatly to environmental initiatives.

DGIST announced on June 3 that Professor Kim Dae-hwan and his team discovered bacteria that biodegrade polyphenylene sulfide (PPS) within the bodies of super mealworms, the larva of Zophobasatratus. Professor of brain and cognitivesciences at DGIST, Lee Suk-kyoo and professor of chemistry at Gwangju Institute of Science and Technology (GIST), Li Jiaojie also participated in this study.

Petrochemicals Enzymes Automotive PP

-Unifi Achieves Milestone of 20 Billion Bottles Transformed

Company remains on track toward goal of 30 billion bottles transformed by 2022

Unifi, Inc. ,one of the world’s leading innovators in recycled and synthetic yarns, reached a key goal set in 2017, transforming more than 20 billion PET bottles.

The driver of this new milestone was Unifi’s REPREVE® platform of recycled performance fibers, which has been adopted by more than 500 global brand and textile partners.

“As we celebrate World Environment Day this week, we want to thank all of our brand and mill partners around the globe for helping us reach this significant achievement and working with us to reduce plastic bottle waste,” said Tom Caudle, President & Chief Operating Officer of Unifi. Petrochemicals Enzymes Automotive PP 

“Because it takes one plastic bottle an average of 450 years or more to start decomposing1, it’s important to keep as much plastic as possible out of our natural and urban landscapes. If each of us makes a conscious effort to recycle, we can improve our environment for today and can protect it for the future.”

Petrochemicals Enzymes Automotive PP

-Idealpak offers recycled, bio-plastic and biodegradable packaging

Idealpak, an ISO 9001:2015 certified manufacturer of primary packaging for cosmetics and personal care industry, offers evolving packaging solutions that combine innovation with sustainability.Petrochemicals Enzymes Automotive PP 

Idealpak recently launches new environmentally sustainable packaging solutions, including bio-based sugarcane tubes, PET bottles, jars and plastic tubes made from Post-Consumer Resin, as well as biodegradable PE and PP bottles.

Petrochemicals Enzymes Automotive PP

-Danish News Round-up: Government wants companies to ensure sustainable packaging

Elsewhere, the state eases the concerns of graduating students, but washes its hand of the national railway ‘black hole’

The Environment Ministry is pushing for a bill that would provide incentives for companies to use recyclable packaging to reduce waste that ends up being incinerated.

Parliament is considering a bill that aims to ensure that packaging such as plastic wraps and catsup bottles are recycled or reused. The measure is part of Denmark’s goal to become a leader in the circular economy. Petrochemicals Enzymes Automotive PP 

Petrochemicals Enzymes Automotive PP

-VinylPlus steers PVC industry towards circular economy

VinylPlus, the Voluntary Commitment to sustainable development of the European PVC industry, recycled 771,313 tonnes of PVC in 2019 – more than 96% of the programme’s 2020 target. Petrochemicals Enzymes Automotive PP 

The PVC industry is well on track to meet VinylPlus’ ever more challenging recycling targets for 2025, in line with the Circular Economy and the ambition of the Circular Plastics Alliance and EU policy initiatives to encourage recovering, recycling and reusing plastics. VinylPlus’ results are presented in its 2020 Progress Report.

Petrochemicals Enzymes Automotive PP

-GRADUAL DEMAND RECOVERY COUPLED WITH HIGHER INPUT COSTS, SUPPORT PRICE GAINS IN PP AND PE

According to a Polymeurpdate reporter processing units across India were gradually beginning to start up .

The reporter said, “ I have randomly connected with well over 25 factory owners and most of them have confirmed restarting their units.

However, many of them continue to face labour issues as a result of which they are operating at reduced capacities of between 40% and 60% rates. While a few have raw material inventory from March, including of PP and PE, others are in the market seeking to rebuild on their stock. Local prices of PP and PE have firmed and are being supported by higher polymer prices in the rest of Asia coupled with strength in upstream energy, naphtha and olefin costs.”  Petrochemicals Enzymes Automotive PP 

GRADUAL DEMAND RECOVERY COUPLED WITH HIGHER INPUT COSTS, SUPPORT PRICE GAINS IN PP AND PE

-An oil CEO says crude prices could surge 90% to $70 by fall because US firms have ‘over-cut production’

The CEO of an oil drilling company thinks the US oil market is headed for a “mini-supply shock” with US oil prices braced to rise over 90% to $70 a barrel by the fall as the US has “over-cut production.”

Dan Eberhart, chief executive of Canary Drilling Services told Markets Insider: “When US production numbers comes out, we are going to find out the US producers have cut more production than they needed to so there is going to be a mini supply shock for the US oil market.”  Petrochemicals Enzymes Automotive PP 

Eberthart added: “I see a case for West Texas Intermediate to approach $70 a barrel this fall.”

An oil CEO says crude prices could surge 90% to $70 by fall because US firms have 'over-cut production'

-Indorama Ventures Q1 FY20: revenue down 3% to $2,942 mn

Indorama Ventures Limited (IVL), a Thailand-based global chemical producer, reported 3 per cent revenue decline to $2,942 million during the first quarter (Q1) FY20 ended on ended on March 31, 2020 compared to revenue of $3,030 million in same period last year. Company reported core EBITDA remained stagnant during the quarter at $304 million.  Petrochemicals Enzymes Automotive PP 

“IVL’s Core EBITDA grew in all three segments (Integrated Oxides and Derivatives, Combined PET and Fibres) and in all regions as our products primarily go into daily necessities and non-durable consumer goods having inelastic demands,” Aloke Lohia, group CEO of Indorama Ventures, said in a press release.

Indorama Ventures Q1 FY20: revenue down 3% to $2,942 mn

-Why masterbatch for metallic-effect parts makes good sense

Now also a solution for interior applications

Carmakers today are facing a multitude of challenges, ranging everywhere from strict emission targets to falling sales levels. In this industry, cutting costs has become a major priority. Petrochemicals Enzymes Automotive PP 

That means that now may be the right time to take another look at moulded-in-colour parts: using masterbatch instead of paint for metallic-effect parts.

Transitioning from paint to masterbatch for metallic-effect parts, obviously, is not new. And while paint adds a great surface finish to automobile parts, painting always adds cost, time, and additional logistics requirements, said masterbatch producer PolyOne, who recently collaborated with a leading global automotive OEM and its injection moulder to eliminate paint from a new vehicle’s interior.

-Why masterbatch for metallic-effect parts makes good sense

-China’s melt-blown PP prices fall on lower mask demand

A fall in Chinese demand for face masks as the Covid-19 outbreak is brought under control in the country has weighed on melt-blown polypropylene (PP) prices amid ample supplies of the medical product.

Prices of melt-blown PP grade 1500 fell to 20,000 yuan/t ($2,820/t) this week from a peak of Yn80,000/t in early April. Prices of high-melt-index fibre grade PP also declined to Yn8,300-8,450/t ex-warehouse this week from a peak of Yn30,000/t two months ago.  Petrochemicals Enzymes Automotive PP 

Their price premiums to PP raffia have narrowed to a reasonable level over the last three weeks. Domestic raffia prices were at Yn7,700-7,900/t ex-warehouse this week, up by Yn200/t from last week. Some PP plants are shifting back to producing more raffia grade. Around 40pc of PP plants were producing the fibre grade in early April compared with the usual 10pc now.

-China’s melt-blown PP prices fall on lower mask demand

Petrochemicals Enzymes Automotive PP

Petrochemicals Enzymes Automotive News 05-06-2020

Petrochemicals Enzymes Automotive News 05-06-2020

Petrochemicals Enzymes Automotive News

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Danone’s Volvic Brand is Now Carbon Neutral

Volvic, a Danone brand, has announced that it is now carbon neutral and is becoming a B Corp, the biggest natural mineral water brand in Europe to be certified as such. As part of its long-term sustainability efforts, Volvic is announcing today several sustainability commitments:

Being B Corp Certified: Volvic is the biggest natural spring water brand with a B Corp Certification in Europe. Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.

Petrochemicals Enzymes Automotive News

-Oil’s comeback encourages US shale producers

As OPEC+ producers head toward a consensus on extending output curbs, oil’s rally is prompting some U.S. producers to open their taps once again.

Futures settled at their highest since March 6 on Tuesday, the day the Saudi-Russian alliance broke down just as a global pandemic dimmed the outlook for demand. Oil’s rebound over the past month brings back concerns that Russia could again hesitate to extend output cuts, with rival shale producers signaling they are ready to re-open wells that were shut during the market’s collapse. Petrochemicals Enzymes Automotive News

Further evidence of that threat emerged this week, when U.S. driller Parsley Energy Inc. said it’s turning oil wells back on just weeks after shutting them off, illustrating the shale industry’s agility in responding to rising crude prices.

Petrochemicals Enzymes Automotive News

-BBIA joins UK coalition to ban oxodegradable plastics

Bio-Based and Biodegradable Industries Association (BBIA) is supporting a UK trade associations coalition’s call for a ban on oxodegradables. Petrochemicals Enzymes Automotive News

Other members of the coalition include the Anaerobic Digestion and Bioresources Association (ADBA), the Environmental Services Association (ESA), the Foodservice Packaging Association (FPA), the REA, Greenpeace, A Plastic Planet and Recoup.

The coalition has sent a letter to Environment Secretary George Eustice demanding a “total ban” on conventional non-biodegradable plastics in the country.

These plastic materials, which have additives, speed-up the breakdown of plastics into microplastics.

Petrochemicals Enzymes Automotive News

-Covestro launches its first partially bio-based polycarbonate film

Expands portfolio of bio-based products

The latest addition to Covestro’s sustainable products portfolio is a polycarbonate film of which, the company says, more than 50 percent of its carbon content is sourced from starch, derived from widely available plant feedstock.

The carbon footprint of the new film material is considerably smaller than that of conventional, petroleum-based polycarbonate. Moreover, unlike conventional polycarbonates, it contains no BPA. Petrochemicals Enzymes Automotive News

Called Makrofol EC, it is the first partially bio-based film in the company’s product portfolio. The film offers improved chemical and weather resistance as well as increased abrasion resistance.

Petrochemicals Enzymes Automotive News

-Interior to become the new exterior according to Asahi Kasei Europe survey

In October 2019, Asahi Kasei Europe conducted a representative survey together with Cologne-based market research institute SKOPOS, interviewing a total of 1,200 car users in Germany, France, Italy and the United Kingdom regarding their preferences relative to mobility and especially to the future automotive interior.

A key result of the survey shows when buying the next car, 18.3% of all respondents in the four main European automotive markets will not buy the same brand as the current car and 34,9% are still undecided. Petrochemicals Enzymes Automotive News

Petrochemicals Enzymes Automotive News

-MARCHANTE launches new MASIM LS Series for biax stretching solution

MARCHANTE is launching a new MASIM LS Series for technical film simultaneous orientation to improve film mechanical and optical properties while providing a flexible, user-friendly and custom-made solution. Petrochemicals Enzymes Automotive News

MARCHANTE has challenged the existing mechanical system to achieve extreme stretching ratios, higher processing temperatures and higher film relaxing rates.

This is in order to support the communications and electronics, electrical automotive or specialty packaging industries that are rapidly developing new materials and applications.

Petrochemicals Enzymes Automotive News

-DSM introduces new value offering

Royal DSM has announced the launch of a new product portfolio for ultra-high-molecular-weight polyethylene (UHMWPE), Trosar.

Trosar will bring the unique benefits of UHMWPE within reach of more manufacturers, including those from the hard and soft ballistic UD, rope, netting, and aquaculture industries.  Petrochemicals Enzymes Automotive News

DSM says the increasingly wide range of manufacturers are now looking to leverage the unique chemical and mechanical properties of materials for a broader range of applications and Trosar aims to address this market need and make the use of UHMWPE more accessible than ever.

DSM introduces new value offering

-Dow to install pioneering industrial scale production facility in France for RENUVA Mattress Recycling Program

Dow Polyurethanes (PU), a business division of Dow (NYSE: Dow), has announced a breakthrough in its RENUVA Mattress Recycling Program with a plan to install a pioneering industrial scale production facility at Orrion Chemicals Orgaform in Semoy, France.

The RENUVA Mattress Recycling Program will take discarded mattress foam and turn it back into raw material (polyol) through chemical recycling, the process of converting waste into feedstock. Petrochemicals Enzymes Automotive News

The new raw material can then be used in flexible or rigid foam products to go into applications such as building insulation boards and even back into new mattresses.

Dow to install pioneering industrial scale production facility in France for RENUVA Mattress Recycling Program

-Smart Textile Fibers to Measure Wearer’s Health

At the Swiss Federal Institute of Technology Lausanne (EPFL) researchers have developed special textile threads that can be used to detect slight variations in how a fabric is stretched, the pressures that are applied to it, and even the torque that twists it. The capability may end up being used in clothing and even bed sheets to continuously monitor people’s breathing and heart rates, body movement, and other parameters that may be useful in medicine and healthcare.  Petrochemicals Enzymes Automotive News

“Imagine clothing or hospital bed sheets capable of monitoring your breathing and other vital movements, or AI-powered textiles that allow robots to interact more safely and intuitively with humans” said Andreas Leber, one of the leads of a study appearing in Nature Electronics. “The soft transmission lines that we’ve developed open the door to all of this.”

The transmission lines that Leber refers to are made of optical fibers, liquid metals, and elastomers, which have been incorporated together in a sophisticated arrangement.

Smart Textile Fibers to Measure Wearer’s Health

-Huge increases in Japan’s textile and apparel demand in April

The latest data shows that Japan imported 243,000 tons of textile and apparel in Apr, up by 8.8% year-on-year and 12.3% month-on-month; the volume from China was 140,000 tons, up by 21.5% year-on-year and 32.9% month-on-month. During Jan to Apr, Japan’s cumulative textile and apparel imports reached 848,000 tons, down by 3.4% year-on-year, and that from China was 426,000 tons, down by 4.1% year-on-year.

In terms of value, the import value of Japan‘s textile and apparel in Apr showed a surge, up by 29.3% month-on-month; while that from China rose by 72.9% month-on-month. It can be seen that Japan’s textile and apparel import demand in April was strong, and that from China has grown rapidly.  Petrochemicals Enzymes Automotive News

Huge increases in Japan's textile and apparel demand in April

Petrochemicals Enzymes Automotive News

Petrochemicals Enzymes Automotive Brexit 04-06-2020

Petrochemicals Enzymes Automotive Brexit 04-06-2020

Petrochemicals Enzymes Automotive Brexit

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-German coalition parties wrestle over car incentives

Germany’s Social Democrats expect difficult talks with their coalition partners, Chancellor Angela Merkel’s conservatives, on a stimulus package because they want incentives to buy a new car to exclude combustion engine vehicles.

“It will take a long time and probably will not end today,” the SPD’s co-leader, Norbert Walter-Borjans, said on Tuesday.

“There are packages that can be agreed on but there are also things the CDU and CSU have problems with,” Walter-Borjans said. “There is a big topic that we need to talk about, namely that from our point of view, there cannot be a purchase premium for cars with combustion engines,” he said.

Petrochemicals Enzymes Automotive Plastic

-Avantium to deliver several Flowrence® systems to KAUST Catalysis Center

Avantium N.V, a leading technology company in renewable chemistry, announces that Avantium Catalysis has received orders for several Flowrence® testing systems worth more than € 3 million from King Abdullah University of Science and Technology  – KAUST Catalysis Center (KCC) in Saudi Arabia. Petrochemicals Enzymes Automotive Brexit

KCC has selected the Flowrence® Technology to further expand its R&D capacity for heterogeneous catalyst testing.

Avantium will deliver the Flowrence® units in combination with its solutions for efficient workflow, extensive online analytical equipment, its advanced proprietary data handling and analysis software, as well as its expertise in experimental validation. KCC focuses on developing new catalysts, new catalytic reactions and new catalytic technologies, covering heterogeneous, homogeneous, photo- and electro-catalytic processes.

Petrochemicals Enzymes Automotive Plastic

-US May ethylene contracts settle up after six-month decline

US May ethylene contracts settled for the majority of participants at an increase of 3.5 cents/lb on higher spot prices and cash costs.

The settlement puts May contracts at 24.0 cents/lb ($529/tonne), up from 20.5 cents/lb in April. Petrochemicals Enzymes Automotive Brexit

The settlement marks the first increase since October, when cracker outages and delayed start-ups prompted ethylene prices to rise.

Petrochemicals Enzymes Automotive Plastic

-Easing lockdown measures revs up Asia petrochemical markets

Petrochemical markets in Asia are coming back to life after about two months of general weakness as pandemic-induced lockdowns in most countries in the region are being lifted, boding well for demand from June onward.

Market sentiment is upbeat, providing room for prices of selected petrochemicals to post strong increases, aided by gains in upstream crude markets.

A strong recovery in demand, however, is still out of the question amid the coronavirus pandemic. Petrochemicals Enzymes Automotive Brexit

Spot prices of naphtha, the main feedstock for petrochemical production in Asia, rose to a near three-month high on Wednesday at $349/tonne CFR (cost & freight) Japan, buoyed by healthy prompt-month demand, tracking movements in global crude futures.

Petrochemicals Enzymes Automotive Plastic

-Spain planning to raise €724 million with new plastic-packaging tax

The Cabinet approves draft legislation that also bans single-use items and encourages the circular economy

The Spanish Cabinet on Tuesday approved a draft law that introduces a new tax on plastic waste, among other environmental measures. The indirect levy will tax the manufacture, import or acquisition of non-reusable plastic packaging from other European Union countries for use in the Spanish market, according to the Spanish Ministry for Ecological Transition.  Petrochemicals Enzymes Automotive Brexit

The ministry said that the proposed tax is similar to what other countries such as the United Kingdom and Italy are planning to introduce. It would require payment of €0.45 for every kilogram of plastic packaging, and is expected to bring in annual revenue of close to €724 million, based on 2017 figures.

Ecological Transition Minister Teresa Ribera warned Tuesday about “the absolutely disproportionate, irrational and irresponsible” use of plastic packaging. Spain’s initiative falls within the EU’s strategy of waste reduction.

Petrochemicals Enzymes Automotive Plastic

-Arkema finalizes divestment of functional polyolefins business

Arkema said today that it has finalized the divestment of its functional polyolefins business to SK Global Chemical, reported Chemweek.

The divestment was announced last year. Arkema says the sale forms part of its strategy to refocus the group’s activities on specialty materials. Petrochemicals Enzymes Automotive Brexit

With sales of around EUR250 million (USD279.2 million), the functional polyolefins business, which is part of the polymethyl methacrylate (PMMA) activity, comprises ethylene copolymers and terpolymers for the food packaging, cable, electronics and coatings markets. The business employs around 100 people in France and has an international sales network of 30 people who will be joining SK Global Chemical, a subsidiary of South-Korean group SK.

Based on an enterprise value of €335 million, this divestment is in line with the group’s strategy to become a pure specialty materials player by 2024, centered around three segments: adhesive solutions, advanced materials and coating solutions.

Arkema finalizes divestment of functional polyolefins business

-Chemical Recycling Europe calls for a faster recognition and legislation review to unlock the potential of chemical recycling  

Introduction

The recycling industry plays an important role in the transition to a more circular economy by turning polymeric waste into new value-added materials.

The sustainable management of waste and use of resources is at the heart of the European Green Deal1. Petrochemicals Enzymes Automotive Brexit

While the new Circular Economy Action Plan2 aims at accelerating transformational change required by the EU Green Deal, in order to meet its ambitions and to reach EU recycling targets laid down in the EU Plastics Strategy3, there is an urgent need to develop and implement new technologies for the recycling of polymeric waste, going beyond the limitations of traditional mechanical recycling.

Chemical Recycling complements the current recycling approaches and has the potential to be an environmental game-changer by processing polymeric wastes which are currently difficult to recycle. Investment in developing chemical recycling technologies and infrastructure will lead to the creation of new jobs and the protection of our environment by curbing CO2 emissions and increasing EU recycling capacity.

Chemical Recycling Europe calls for a faster recognition and legislation review to unlock the potential of chemical recycling  

-Why China PX imports decline in April

According to China customs statistics, China imported about 1.03 million tons of PX in April 2020, down 220kt from the average monthly amount in the first quarter, hitting new low since Jul 2019. China PX imports reduced in Apr, however, local PTA output increased in Apr and May reflecting larger demand for feedstock PX. Petrochemicals Enzymes Automotive Brexit

It is true that customs statistics could lag behind and thus mismatch with the actual PX consumption, the import data could not fully reflect the downstream appetite, and also the manufacturing and logistics were affected by the epidemic. However, the decline in Apr PX imports could reflect some changes in the structure of PX market.

From the figure below we can see that the decline concentrated in Zhejiang Province. Other provinces and municipalities such as Fujian, Shanghai and Beijing, as PX imports receivers, also saw falls in the amount.

Why China PX imports decline in April

-Business cannot prepare for a no-deal Brexit in the middle of a pandemic

Many firms are clinging on during the coronavirus crisis and have no capacity to contemplate failure in talks with EU

Away from this unparalleled health and economic crisis, Brexit talks continue from a distance. Petrochemicals Enzymes Automotive Brexit

For many firms facing unrelenting stress from COVID-19, these talks have been out of sight, though not quite out of mind. Their total focus is on immediate survival and recovery. But as more businesses take tentative steps to reopen slowly and safely, every decimal point of economic growth is being fought for. They expect that same spirit to be replicated when Brexit talks resume Tuesday.

The signals so far are not encouraging. Both the U.K. and the EU negotiating teams have rigid mandates and are following them to the letter. Negotiation by videoconference doesn’t allow for the kind of side-line conversations that normally help smooth differences in trade talks.

Business cannot prepare for a no-deal Brexit in the middle of a pandemic

-Reliance on China for Plastic Bottles and Lids Creates Packaging Shortage for Domestic Beauty Brands

With many US and China factories closed or focused solely on plastic for disinfectants and other cleaning products, many domestic beauty brands, specifically boutique brands, are having a hard time finding bottles and containers for their skin and hair products.

According to Allison Ullo of the public relations firm With Sara, which caters to health and beauty product companies, many of the brands she represents have had multiple issues as they frantically search for bottles so they can continue to fill orders.

“Self-care products, as well as natural hair products, in particular, have seen a spike in sales as people look to care for their bodies and minds during this difficult time,” said Ullo.

Petrochemicals Enzymes Automotive Brexit

Reliance on China for Plastic Bottles and Lids Creates Packaging Shortage for Domestic Beauty Brands

Petrochemicals Enzymes Automotive Brexit

Petrochemicals Enzymes Automotive News 03-06-2020

Petrochemicals Enzymes Automotive News 03-06-2020

Petrochemicals Enzymes Automotive News

Crude Oil Prices Trend

Crude Oil Prices Trend

-A major Asian manufacturer raised June PVC prices for China at USD40 per ton

A major producer of petrochemical products in Northeast Asia (NEA) has increased its price offerings for polyvinyl chloride (PVC) for supplies to the Chinese market in June by USD40 per tonne compared to April, market sources told ICIS .

Thus, the company’s June price offers for China were announced at the level of USD700 per tonne, CFR China, with a discount of USD10 per tonne for material volumes from 500 tons, market sources said.

For the markets of Southeast (Southeast Asia) and Northeast Asia (NEA), as well as for other regions, the company called the June PVC price offers at USD670 per tonne, FOB NEA / Southeast Asia / other regions. The above discount also applies.

Petrochemicals Enzymes Automotive

-The next chapter is closed

In packaging, the hardest-working element are the closures. Protecting the contents from the outside, the outside from the contents and the structural integrity of the packaging is a tricky job.  Petrochemicals Enzymes Automotive News

It also needs ease-of-use to allow people to access the goods – it’s a hard life for our caps.

It is also a manufacturing sector that has been experiencing major growth, a trajectory curve that is set to continue in the short and medium-term.

With extra demands like environmental efficacy being demanded by the market, Matthew Rogerson looks at its challenges, plus an example of innovation that is powering the sector firmly into the 21st century.

The next chapter is closed

-The Versalis plant can restart ( Italian Language Only)
The order of the Mayor of Brindisi has been revoked after the agreement reached in the Puglia Region which provides for the establishment of a technical table.
The Mayor of Brindisi, Riccardo Rossi, has revoked the order to suspend the activities of the Versalis pole, the result of the agreement reached yesterday in the Puglia Region.

“The agreement – says the Governor of the Region, Michele Emiliano – provides for the efficiency of the emissions monitoring system thanks to a shared plan that governs its management and plant engineering with widespread, perfectly and constantly functioning control units, regardless from meteorological conditions and from any further possible external conditioning. Petrochemicals Enzymes Automotive News

“In this perspective, ARPA is completing a relationship,” with the necessary scientific-operational indications, preparatory to the adoption of the plan, which will be ready in a few days “.

Petrochemicals Enzymes Automotive

-Coca-Cola Amatil, Dynapack Form JV to Build Advanced PET Recycling Plant

Coca-Cola Amatil Indonesia (Amatil) has entered into a Heads of Agreement with long-term packaging partner Dynapack Asia to build what it calls the most sophisticated state-of-the-art bottle-to-bottle grade PET recycling facility in Indonesia.

Amatil and Dynapack will work together through a proof of concept phase, which is intended to consider a potential plant’s economic feasibility, size, scale, and location; end-to-end requirements; and potential integration into each company’s value chains.

Petrochemicals Enzymes Automotive News

Petrochemicals Enzymes Automotive

-Europe MEG contract sees first increase of 2020 for June

The June monoethylene glycol (MEG) contract has been fully confirmed at €455/tonne, a €7/tonne increase from May.

An agreement between a buyer and seller emerged at the end of last week, shortly after the ethylene contract price was fully confirmed at a €60/tonne from May.

Crude oil and naphtha values were on the uptrend last month on the back of oil production cuts. Petrochemicals Enzymes Automotive News

A minimum 2+2 producer-consumer configuration is required to consider the MEG contract agreements fully confirmed.

A second buyer and seller confirmed the settlement to ICIS on Tuesday.

This is the first increase seen in the MEG contract market in 2020.

Petrochemicals Enzymes Automotive

-Asia manufacturing remains weak; supply to recover faster than demand

Asia’s manufacturing sector outside of China remained in contraction mode in May despite re-opening of more economies from coronavirus-related lockdowns, with expectations that production will outpace demand in the near term.

“Economies [Asian] that were in stringent lockdowns in April are witnessing higher activity in May, but the pace of their recoveries is more gradual than China’s V-shaped pickup in March,” Japan’s Nomura Global Markets Research said. Petrochemicals Enzymes Automotive News

Malaysia, the Philippines and Thailand – which were under stringent lockdowns in April – showed improvement in their purchasing managers’ index (PMI) numbers in May but remained below 50, indicating continued contraction.

On average, the PMIs for the three countries improved to 42.5 in May from 33.2 in April.

Asia manufacturing remains weak; supply to recover faster than demand

-Opec+ meeting to discuss 1-2 month cuts extension

Opec and its non-Opec partners will debate extending by one or two months the group’s production quotas at May and June levels, at a meeting that could happen this week.

The videoconference is the first meeting since Opec and its non-Opec partners, known collectively as Opec+, struck their two-year output restraint agreement in early April. It calls for the removal of 9.7mn b/d of crude from the market in May and June, and then a collective cut of 7.7mn b/d in the second half of the year.

Two proposals under consideration would see the deeper cuts continue beyond into July and/or August.Petrochemicals Enzymes Automotive News

Opec+ meeting to discuss 1-2 month cuts extension

-In the autumn, announcement for the sale of Bio-on ( Italian Language Only)
The Bologna-based company, which went bankrupt at the end of last year, has a biorefinery for the production of PHA-based bioplastics.
During a meeting held May 28, as part of the metropolitan table for the protection of production assets for monitoring the situation of Bio-On and Bio-On Plants, the curatorship declared that the tender for the sale of the Bolognese biorefinery could be published in the autumn, while the ‘dataroom’ will soon be activated to provide information to operators interested in presenting expressions of interest.
Failed at the end of last year, Bio-on owns a demonstration plant in Castel San Pietro Terme (BO) for the production of PHA-based bioplastics, which has never come into operation. The company ended in a storm in July last year following the publication of a report by the US investment fund Quintessential Capital Management (QCM). At the end of investigations, the founder and CEO of the company, Marco Astorri, had been subjected to house arrest, then dismissed (read article), on charges of False social communications and market manipulation. Petrochemicals Enzymes Automotive News

In the autumn, announcement for the sale of Bio-on

-APR launches Demand Champs for governments

The Association of Plastic Recyclers is launching a voluntary effort to get government agencies to increase their green purchasing.

The Association of Plastic Recyclers is launching an effort to use the purchasing power of governments to buy more recycled plastic products and help shore up fragile plastic scrap markets.

APR is working with the Northeast Recycling Council to expand the voluntary Demand Champions program it started in 2017 for the private sector and broaden it to include state and local governments. Petrochemicals Enzymes Automotive News

The idea is to get government agencies to sign voluntary pledges to increase their purchase of some targeted products using recycled content plastic.

APR launches Demand Champs for governments

-Monolayer Label Shrinks Dasani’s Footprint

Dasani replaced a multilayer label with a thinner, monolayer film made from BOPP, resulting in increased sustainability, enhanced operational efficiency, and cost savings opportunities.

For those brands selling millions of units of product each year, no aspect of packaging is too small to consider when looking for sustainability benefits.One such company is The Coca-Cola Co., which is using a multi-pronged strategy around packaging to meet its World Without Waste sustainability goals. One of these goals is to make its packaging 100% recyclable by 2025. Petrochemicals Enzymes Automotive News

Coca-Cola’s Dasani water brand has some pretty impressive sustainability cred: Since 2011, the PET bottle has been made from up to 30% plant-based bioplastic. Even with this technology, the bottle is still fully recyclable—a very important factor for Coca-Cola when it began incorporating the bio-based resin.

Monolayer Label Shrinks Dasani’s Footprint

Petrochemicals Enzymes Automotive News

Petrochemicals Enzymes Recycling News 02-06-2020

Petrochemicals Enzymes Recycling News 02-06-2020

Petrochemicals Enzymes Recycling News

Crude Oil Prices Trend

Crude Oil Prices Trend Polyestertime

-Alpla swoops for Spanish blow moulding firm

Alpla Group is to increase its presence in the cosmetics, personal and household care markets after agreeing to buy Spanish blow moulding specialist Bopla S.A. for an undisclosed fee.

The Austrian converter said it intended to use Bopla’s expertise in the area of single-stage manufacturing to expand its own product portfolio.

Based in Les Franqueses near Barcelona, Bopla uses extrusion blow moulding and injection stretch blow moulding to produce plastics packaging. It employs around 50 people, all of which are to be retained.

Petrochemicals Enzymes Recycling News

-PU: American plants running at reduced rates in second quarter

The running rates reduction comes amid a sharp decline in resin prices like polyethylene (PE). Experts believe the ongoing weakness may linger for an undetermined period, as reported by Petrochemical Update.

Petrochemical plants in the Americas are running at reduced rates, or in some cases idled, to try to balance out the erosion of downstream resin consumption caused by the Covid-19 pandemic. Petrochemicals Enzymes Recycling News

Domestic prices for resins have declined and export markets for North American resin have contracted.

Some chemical plants cut rates not just due to the decline in resins demand but because of their integration with refineries that in turn had to cut production after seeing fuel demand plunge.

Experts estimate most petrochemical plants may be running at rates anywhere from 60% to 80%.

Petrochemicals Enzymes Recycling News

-Microplastic collection device reduces vehicle tyre pollution

While microplastic pollution from tyres remains a significant ocean pollutant, the engineers offer new ways to tear that vicious circle. The tyre-mounted device by The Tyre Collective helps reduce airborne pollutants and the amount of plastic that ends up in the ocean, Springwise reports.  Petrochemicals Enzymes Recycling News

Microplastic pollution from tyres is a mega problem, the experts say. It is increasing in volume as electric vehicles (EV) become more popular. The engineers from The Tyre Collective have created the electrostatic collection device sits behind a tyre close to the road.

In particular, such kind of pollution becomes a problem because the weight of the batteries in EVs causes more wear and tear on tyres. The end result is fewer exhaust fumes, and more microplastics, which can become airborne and thus present no less of a danger to human and environmental health than the emissions from gas-powered vehicles.

Petrochemicals Enzymes Recycling News

-UGA bioplastics technologies fuel state’s economy 

Company bringing 200 jobs to Athens is an essential university partner

When University of Georgia professor Jason Locklin met Daniel Carraway over 10 years ago, neither of them knew their professional relationship would result in a substantial economic development investment in Athens.

Back in 2008, Locklin, who is now director of UGA’s New Materials Institute, was an assistant professor in chemistry and engineering at UGA. Carraway, a UGA alumnus and serial entrepreneur, was looking at universities, trying to find the perfect spot for one of his employees to attend graduate school.  Petrochemicals Enzymes Recycling News

“We met and hit it off, and after that he decided he wanted the student to work for me,” Locklin recalled. “We started working on projects together and haven’t stopped since.”

Petrochemicals Enzymes Recycling News

-Asia’s naphtha prices at over two-month high on steady demand

Asia’s naphtha prices are finding support from regional buying, which is anticipated to hold steady in the near term, keeping market fundamentals buoyant.

At the intra-day session on 1 June, open-specification naphtha spot prices for second-half July delivery averaged at $320.00/tonne CFR (cost & freight) Japan, as the forward month contracts rolled on Monday.  Petrochemicals Enzymes Recycling News

Spot naphtha prices rose by some $20/tonne from the previous session on 29 May, and were at their highest in over two months, since 11 March at $329.00/tonne CFR Japan, ICIS data showed.

Naphtha prices tracked earlier gains in global crude oil futures amid reduced production and expectations of demand growth as countries emerge from coronavirus lockdowns.

Petrochemicals Enzymes Recycling News

-Oil prices swept up in the risk-on rally

Investors have regained faith in riskier asset classes, pushing their money into commodities and stocks – liquidating positions in perceived safe havens.

The MSCI All-Country Global Equity Index (an index of small-to large-cap stocks from 23 developed and 24 emerging markets) is just 12% off pre-coronavirus levels, having collapsed by almost 35% in March.  Petrochemicals Enzymes Recycling News

Global oil markets are also basking in the glow of improved demand sentiment, with Brent up by 75% since April. However, with global daily new coronavirus cases hitting a record 135,000 on 30 May, is this meteoric rise stoked by sound fundamentals, or are investors getting ahead of themselves?

Oil prices swept up in the risk-on rally

-India GDP growth slows to 4.2%; lockdown stays at manufacturing hubs

India, an emerging market giant, posted its slowest growth in more than a decade, while yet to show the full impact of a nationwide lockdown that brought economic activity to a standstill for more than two months.  Petrochemicals Enzymes Recycling News

The nationwide lockdown was due to be lifted this week, but restrictions will remain in place until the end of June for areas considered as high risk – referring to those with elevated number of novel coronavirus infections.

For the fiscal year ending March 2020, the country’s GDP growth decelerated to 4.2% from 6.1% in the previous year, with March-quarter growth slowing to 3.1%, official data showed.

India GDP growth slows to 4.2%; lockdown stays at manufacturing hubs

-AIMPLAS develops new project based on enzymes that break down plastics by 70%

AIMPLAS, with the support of the Valencian Institute of Business Competitiveness (IVACE), is developing the ENZPLAST2 project, whose aim is to develop new, more sustainable processes for producing, recycling and composting plastics.

Funded by IVACE and co-funded by the European Union (ERDF) through the Spanish Autonomous Community of Valencia ERDF operational programme (2014-2020), the ENZPLAST project focused in its first year on new methods for the synthesis of plastics that are safer for human health and more environmentally friendly.

Enzymes, in particular, were used instead of metal catalysts to obtain polyesters, which reduced the toxicity of these metal catalysts and lowering energy consumption during the polymerization process.  Petrochemicals Enzymes Recycling News

AIMPLAS develops new project based on enzymes that break down plastics by 70%

-Biodegradable Plant-Based Plastic to Combat Ocean Waste

Plastic became widely used in the 1960s, with societies embracing the disposable lifestyle that offered them convenience and saved time.

Decades later, our dependence on plastic has become problematic. Our use has increased exponentially, with 2.3 million tons being produced in 1950, 162 million in 1993, to 448 million in 2015.  Petrochemicals Enzymes Recycling News

A vast amount of plastic is added into circulation each year, and less than a fifth of it gets recycled. In the US specifically, the recycling rate for plastic is less than 10%.

Biodegradable Plant-Based Plastic to Combat Ocean Waste

-Company tailors extruders to meet a facility’s needs

German equipment supplier Coperion now produces a line of extruders made to be customized to a plastics recycling facility.

Coperion, based in Stuttgart, Germany, manufactures a variety of compounding and extrusion systems for the plastics recycling industry, as well as bulk handling systems, weighing systems and more.  Petrochemicals Enzymes Recycling News

Coperion’s ZSK 45 Mc18 twin screw extruders blend the ground plastic with additives, fillers and reinforcing materials. The mixture is also enhanced by Coperion’s ZS-EG twin screw side devolatilization units.

After the melt discharge stage, the plastic strands are conveyed to a strand pelletizer.

Company tailors extruders to meet a facility’s needs

Petrochemicals Enzymes Recycling News

Petrochemicals Enzymes Plastics News 01-06-2020

Petrochemical Polymers Chemical Paraxylene Trend

Petrochemical Polymers Chemical Paraxylene

Petrochemical Polymers Chemical Paraxylene

Polyestertime
ITEM25/05/202001/06/2020+/-
Bottle grade PET chips domestic market5,575 5,600 yuan/ton+25
Bottle grade PET chips export market690 $/ton685 $/ton-5
Filament grade Semidull chips domestic market

Petrochemical Polymers Chemical Paraxylene

4,750 yuan/ton4,750 yuan/ton
Filament grade Bright chips domestic market4,850 yuan/ton4,850 yuan/ton
Pure Terephthalic Acid PTA domestic market3,480 yuan/ton3,580 yuan/ton+100
Pure Terephthalic Acid PTA export market
420 $/ton435 $/ton+15
Monoethyleneglycol MEG domestic market3,570 yuan/ton3,630 yuan/ton+60
Monoethyleneglycol MEG export market420 $/ton425 $/ton-+5
Paraxylene PX FOB  Taiwan market486 $/ton474 $/ton-12
Paraxylene PX FOB  Korea market468 $/ton456 $/ton-12
Paraxylene PX FOB EU market

Petrochemical Polymers Chemical Paraxylene

399 $/ton393 $/ton-6
Polyester filament POY 150D/48F domestic market5,460 yuan/ton5,380 yuan/ton
-80
Recycled Polyester filament POY  domestic market5,700 yuan/ton5,600 yuan/ton-100
Polyester filament DTY 150D/48 F domestic market7,100 yuan/ton7,100 yuan/ton
Polyester filament FDY 68D24F domestic market 7,000 yuan/ton6,900 yuan/ton-100
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers Chemical Paraxylene
6,280 yuan/ton6,230 yuan/ton-50
Polyester staple fiber 1.4D 38mm domestic market5,950 yuan/ton5,820 yuan/ton-130
Caprolactam CPL domestic market9,800 yuan/ton9,750 yuan/ton
-50
Caprolactam CPL overseas  market1,020 $/ton1,065 $/ton+45
Nylon6 chips overseas  market1,320 $/ton1,350 $/ton+30
Nylon6 chips conventional spinning domestic  market10,900 yuan/ton10,900 yuan/ton
Nylon6 chips  high speed spinning domestic  market10,850 yuan/ton10,950 yuan/ton+100
Nylon 6.6 chips domestic  market17,500 yuan/ton17,050 yuan/ton-450
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers Chemical Paraxylene

13,000 yuan/ton13,100 yuan/ton+100
Nylon6 Filament DTY 70D/24F domestic  market16,100 yuan/ton16,200 yuan/ton+2
Nylon6 Filament FDY  70D/24F  domestic  market14,000 yuan/ton14,000 yuan/ton+200
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,000 yuan/ton29,000 yuan/ton
Adipic Acid domestic market6,150 yuan/ton6,300 yuan/ton+150
Benzene domestic market3,450 yuan/ton3,530 yuan/ton+80
Benzene overseas  market404 $/ton398 $/ton
-6
Ethylene South East market615 $/ton640 $/ton+25
Ethylene NWE  market478 $/ton530 $/ton+52
Acrylonitrile ACN  domestic market7,400 yuan/ton8,300 yuan/ton+900
Acrylonitrile ACN  overseas market900 $/ton900 $/ton
Acrylic staple fiber ASF  domestic market11,100 yuan/ton11,300 yuan/ton+200
Viscose Staple Fiber VSF  domestic market8,800 yuan/ton8,800 yuan/ton
PP Powder domestic market7,300 yuan/ton7,350 yuan/ton+50
Naphtha overseas market 

Petrochemical Polymers Chemical Paraxylene

290 $/ton297 $/ton
+7
Phenol domestic market 6,900 yuan/ton6,750 yuan/ton-150
PS Taiwan 5250 GPPS930 $/ton 970 $/ton+450
PS Taiwan 8250 HIPS1,060 $/ton 1,110 $/ton+50
LDPE CFR Far East 822 $/ton832 $/ton+10
LLDPE CFR Far East732 $/ton752 $/ton+20
LDPE   FOB Middle East814 $/ton824 $/ton+10
LLDPE FOB Middle East724 $/ton744 $/ton+20
HDPE CFR Far East754 $/ton803754 $/ton
LDPE FD Northwest Europe 813 €/ton813 €/ton-+10
LLDPE FD Northwest Europe 753 €/ton773 €/ton+20
Homopolymer PP CFR Far East805 $/ton835 $/ton+30
Homopolymer PP FD NWE801 €/ton801 €/ton

Petrochemical Polymers Chemical Paraxylene

Petrochemicals Enzymes Plastics News 01-06-2020

Petrochemicals Enzymes Plastics News

Petrochemical Polymers Chemical Paraxylene Trend

Petrochemicals Enzymes Plastics News

Crude Oil Prices Trend

Crude Oil Prices Trend

-Saudi Arabia to cut June’s oil production

The state-run Saudi Press Agency official quoted a Ministry official as saying that the reduction will be a voluntary amount of 1 million bpd, in addition to the reduction committed by the kingdom in the latest OPEC+ agreement reached on April 12

Riyadh: Saudi Arabia’s Energy Ministry has directed the national oil company Aramco to further reduce crude oil production for June by an additional 1 million barrels per day (bpd), state media reported.  Petrochemicals Enzymes Plastics News

The state-run Saudi Press Agency official quoted a Ministry official as saying that the reduction will be a voluntary amount of 1 million bpd, in addition to the reduction committed by the kingdom in the latest OPEC+ agreement reached on April 12, reports Xinhua news.

Petrochemicals Enzymes Plastics News

-Chemicals squeezed between feedstock price hikes and downstream malaise

The current run up in oil prices has raised the price of petrochemical feedstocks, but the hikes may not be pushed through effectively to downstream chemicals and polymers as so much demand remains depressed by lockdowns.

This leaves the chemical industry potentially squeezed in the middle, with more downwards pressure on margins for many markets, especially those exposed to automotive and durable goods. Petrochemicals Enzymes Plastics News

Even polymers for packaging, which boomed during the panic buying of March-May, are likely to return to more normal demand patterns.

Petrochemicals Enzymes Plastics News

-Conair launches new TrueRate intelligent inventory tracking system

Conair has launched a new TrueRate intelligent inventory tracking system.

The system automatically tracks changes in the inventories of up to 500 different user-specified resins or flowable powders in a processing plant.

Developed as an alternative to the use of single-component batch blenders for resin inventory measurement, the new TrueRate system utilises highly accurate gravimetric measurement.  Petrochemicals Enzymes Plastics News

The TrueRate system is available in two sizes, consisting of an 8-inch weighing ring equipped with two load cells, or a 12-inch ring equipped with three.

Both configurations connect to a separate electrical control panel containing a PLC. The weighing ring is mounted below a material loader or receiver but above a container or bin, where it uses resin information provided by the user to precisely calculate the change in weight of the loader/receiver before it discharges the material through the ring and into the container.

https://www.saudigazette.com.sa/article/593671/BUSINESS/GCC-chemical-imports-into-India-may-be-severely-hurt-by-anti-dumping-investigation-warns-GPCA

-GCC chemical imports into India may be severely hurt by anti-dumping investigation, warns GPCA

GCC ethylene glycol (EG) imports into India may be severely hurt as a result of an ongoing anti-dumping investigation targeting imports from Saudi Arabia, Kuwait, Oman, UAE and Singapore, according to the Gulf Petrochemicals and Chemicals Association (GPCA), the regional trade body representing the common interests of the chemical and allied industries in the Arabian Gulf.  Petrochemicals Enzymes Plastics News

The inconsistent investigative practices by Indian authorities on anti-dumping regulations raise serious concerns under World Trade Organization (WTO) rules and threaten to severely hurt GCC economies, jeopardizing $543 million worth of mono ethylene glycol (MEG) imports, which is equivalent to 20% of total chemical imports from the region into India, according to GPCA analysis. India is the second largest importer of GCC chemicals and accounts for over a third of total GCC export volume together with China.

https://www.saudigazette.com.sa/article/593671/BUSINESS/GCC-chemical-imports-into-India-may-be-severely-hurt-by-anti-dumping-investigation-warns-GPCA

-Oman starts its first utility-scale solar power plant

Petroleum Development Oman has begun operations of the sultanate’s first utility-scale solar power plant, which will free up 95.5 MMcm of natural gas for export annually at a time where the country’s oil revenue is dwindling due to the OPEC+ cuts and plummeting prices.  Petrochemicals Enzymes Plastics News

Register Now The $94 million Amin photovoltaic power plant in the south covers an area of 4 sq. km and can produce up to 100 MW of electricity from sunlight through solar panels. The generated energy will be sufficient to power 15,000 homes and could result in an annual CO2 emission reduction of more than 225,000 tons, which is the equivalent to taking 23,000 cars off the road, PDO said Sunday in a statement. The majority of electricity generation in Oman is via crude oil- (65%) and natural gas- (35%) fired power plants.

Oman starts its first utility-scale solar power plant

-ACN market in upward tendency

It was unexpected that ACN was in an upward trend recently. Actually, since last Friday, the procurement has begun to be difficult, showing the supply shortage in the market. This week, high market offers reached 8,000yuan/mt or even above. Though trading price may not hit this level, the strong bullish market sentiment makes market players believe that the trading price is likely to touch 8,000yuan/mt.  Petrochemicals Enzymes Plastics News

From the perspective of this upward tendency, the similar market condition has existed in July-August of last year for once. Based on above chart, the rise in ACN price had three requirements: 1. ACN operating rate falls back. 2. Acrylic fiber run rate picks up apparently. 3. ABS operating rate continuously stays at a high level. Operating rate fluctuated in May this year, and the overall increment in July-August of last year was around 11%. By May 27, the increase of April-May of 2020 was 21.6%.

ACN market in upward tendency

-Asia-Pacific propylene prices fall from 11-week high

Asia-Pacific propylene prices have started to fall this week after hitting an 11-week high of $760-805/t cfr northeast Asia in late May on a rise in spot supplies.

Spot deals were concluded at $730/t cfr China for late-June arrival cargoes earlier this week, down from $790-805/t cfr China a week ago. Offers were cut to $740-750/t cfr China today from last week’s level of $800-820/t cfr China.

Supplies have increased despite ongoing cracker turnarounds. And rare supplies of US-origin cargoes have emerged in the market. Petrochemicals Enzymes Plastics News

Asia-Pacific propylene prices fall from 11-week high

-Enzymes are Proteins: A Definitive Guide of 4000+ Words

Enzymes are Proteins – The Guide Encompasses Introduction, History, Structure, Active Site, Enzyme Action, Functions, Models, Factors, Inhibitors, Classification, Nomenclature

Enzymes are Proteins

Enzymes are proteins that speed up the reactions by acting as catalysts. They increase the rate of reaction without being consumed or permanently altered by themselves. In Greek enzymes are divided into sections “En” which means “in” and second part is “zyme” means living. The study of enzymes is known as enzymology. (Enzyme Definition)

Introduction to Enzymes

Physical nature of life is based on the making and breaking of different composed at all levels involved in the metabolism. Thousands of compounds must be shaped to produce the organelles and other structures present in living organisms.

The formation may involve the making of large molecules from smaller molecules or vice versa, moreover all these reactions should take place at moderate temperature and with a speed good enough to support life. Petrochemicals Enzymes Plastics News

It is a common laboratory observation that reactions taking place within a cell if accomplished outside the cell needs very high temperature and there is no control on the speed of the reaction. Why the same reactions need different environments to accomplish when taking place inside the cell. What is the missing connection between living and non-living environment? Initially people thought that it is because of the life itself. A living thing can do what cannot be done by the non-living conditions.

Enzymes are Proteins: A Definitive Guide of 4000+ Words

-EERA reaction “Draft Delegated Act recent changes Basel Convention”

EERA wishes to react to the “Informal consultation on a draft delegated act to implement recent changes to the Basel Convention”. Petrochemicals Enzymes Plastics News

The Norwegian proposals that have been culminated in a decision of the Basel Convention of May 2019 to include certain plastics waste under the control mechanism of the Convention were primarily made with the objective to reduce marine litter.

EERA fears that the proposed Delegated Act might result in WEEE plastics to become classified as hazardous under the code A3210, at least in some EU countries, as these WEEE plastics are a mixture of plastics contaminated with some restricted substances, such as some POP substances. Some (but certainly not all) brominated flame retardants, for instance, are restricted as POP and they have been used as additives in plastics used in electronic products.

EERA reaction “Draft Delegated Act recent changes Basel Convention”

Petrochemicals Enzymes Plastics News

Petrochemicals Enzymes Aromatics News 30-05-2020

Petrochemicals Enzymes Aromatics News 30-05-2020

Petrochemicals Enzymes Aromatics News

-How is Rising Concerns Regarding Environment Driving Bio-Based PET Market?

The use of plastic is highly common in both general and industrial applications, owing to which, plastic has almost become an indispensable part of everyone’s daily lives.

Despite its extensive range of applications, the use of plastic needs to be minimized as it is causing severe harm to the environment.

One kg of plastic emits approximately six kg carbon dioxide, which has resulted in global warming.

Moreover, governments of several countries are imposing strict rules and regulations for decreasing greenhouse gas (GHG) emissions.

For example, France adopted the Energy Transition for Green Growth Law in 2015 for reducing GHG emissions and diversifying its energy supply by decreasing the use of nuclear and fossil fuels.

Petrochemicals Enzymes Aromatics News

-The Role of Nanotechnology in the Production of Fabrics

Nanotechnology has recently brought immense improvement in the textile industry. The unique properties of nanomaterials are applied in an efficient manner by textile engineers and scientists, and it has gained enormous attention in the commercial market for their huge economic benefits.

Production of Specialized Fabrics Using Nanotechnology

Nanomaterials in textiles have proved to be immensely valuable for the manufacturing of protective garments for workers involved in emergency services such as military personnel, firefighters and medical workers.

There are different methods for the production of nanoengineered textiles. For example, sometimes synthesized nanoparticles are incorporated into the fibers or textiles.

Petrochemicals Enzymes Aromatics News

-The next big fashion trend could be antiviral clothing

Antiviral products going, well, viral is nothing new. While slowly creeping back onto shelves, the nationwide shortage of hand sanitizers is still a recent memory (via New York Times). To protect ourselves from the novel coronavirus, we as a society will try just about anything. As we buy up sanitizers, wipes, and add face masks to our wardrobes, we continue the quest for extra protection. Next on that quest may be antiviral clothing.

Canadian inventor Giancarlo Beevis describes the inspiration: “As people start to go back to work and we try to restart our economy, they want to feel protected” (via Fast Company). Beevis’ vision for the textile market has been spurred forward by a partnership with Youngdo Kim, CEO of Okyung International, a Korean textile manufacturer, in what the partners hope will be a fast-tracked, emergency use claim that their product kills this coronavirus.

Petrochemicals Enzymes Aromatics News

-Dow moves ahead with the RENUVA™ Mattress Recycling Program

Pioneering production facility will recycle end-of-life mattresses into raw material suitable for use in new polyurethane products

HORGEN, Switzerland, – Dow Polyurethanes (PU), a business division of Dow (NYSE: Dow), is proud to announce a breakthrough in its RENUVA™ Mattress Recycling Program with a plan to install a pioneering industrial scale production facility at Orrion Chemicals Orgaform in Semoy, France.

The RENUVA™ Mattress Recycling Program will take discarded mattress foam and turn it back into raw material (polyol) through chemical recycling, the process of converting waste into feedstock. The new raw material can then be used in flexible or rigid foam products to go into applications such as building insulation boards and even back into new mattresses.

Every year, around 30 million mattresses are thrown away in Europe. If they were all stacked up, the pile would be 678 times the height of Mount Everest1. This new initiative will help enable a more circular economy for polyurethanes by ensuring the applications they are used in can be recycled, and it can help the EU reach its goal of having 65% of municipal waste recycled by 2030.

Petrochemicals Enzymes Aromatics News

-How does the world’s plastic waste get recycled? Or does it? And will recycling solve our problems?

The six very important questions about plastics recycling

Our relationship with plastics is changing fast. Recycling is key to replacing the material’s old linear life cycle with a circular one, prolonging its lifetime – but there is still confusion over many aspects of the recycling process.

Imagine a plastic bag blowing in the wind. It sweeps past your window, untangles itself from the branches of a tree and finally disappears from sight. Now imagine that bag was the last stray piece of plastic waste there ever was.

Plastic waste is a growing environmental concern for our generation but it doesn’t need to be a problem for the next. Besides an attitude change towards seeing all waste as a valuable material for new uses, plastics recycling is one of the key elements helping to solve the plastic waste crisis. But there is a lot of confusion about how plastics recycling process actually works. We asked experts to answer the big questions surrounding recycling to find out how close we are to solutions.

Petrochemicals Enzymes Aromatics News

-The plastics industry is using COVID-19 to lobby against legislation of single-use plastic

Could the COVID-19 pandemic catalyse a loosening of environmental protections in the name of public health?

That’s the subtext of lobbying efforts from the Plastics Industry Association and petrochemicals giants in the US, which attempts to highlight the public health risks of restricting single-use, oil-based plastics. They may have their work cut out.

As a recent social sciences study from The University of Amsterdam and Avantium highlights, consumers are increasingly aware of the environmental impact of the things they buy, and prepared to pay a premium for sustainable products.

The pandemic’s effect on our travel and working behaviour have revealed the positive effects of reducing greenhouse emissions more than ever. The irony is that plant-based polymers and intermediates are if anything superior to the petroleum-based substances they replace.

A good example is PEF (polyethylene furanoate) – a plant-based alternative to PET.  Unlike most petroleum-based plastics, PEF is 100% recyclable and has close to zero gas permeability. Moreover, it can be produced, processed and recycled in existing assets, making it an attractive product for producers, converters and recyclers.

The plastics industry is using COVID-19 to lobby against legislation of single-use plastic

-AIMPLAS targets dairy packaging odours

A method of using microorganisms to eliminate odours from dairy packaging is being developed by the Plastics Technology Centre (AIMPLAS) as part of its ongoing project to develop more sustainable processes.

The Enzplast2 project, named as such because it is in its second year, focuses on the use of enzymes for different applications.

Initial results from the AIMPLAS centre in Valencia, Spain, indicate a reduction in the odour intensity of recycled dairy packaging.

AIMPLAS targets dairy packaging odours

-How a circular economy approach can help protect the environment for future generations

Used PET bottles can play an important role in addressing the environmental impact of plastic

Lightweight and inexpensive, plastic is one of the world’s most used materials, but its extreme durability means that effective end-of-life management is critical. High quality recycling is therefore an indispensable solution for processing plastic waste.

Recycling considerably benefits the environment, as new goods are replaced by recycled goods. It reduces demand for raw resources, requires less energy for processing, and reduces the quantity of plastic in the landfill.

PET is the most recycled plastic because of its multiple advantages over other types of plastic. It is a very inert polymer, which makes PET packaging ideal for storing food, as it has virtually no interaction with the contents. It has the property of creating a barrier for oxygen and water and can be easily formed, and is highly resistant and very lightweight. Also, it can be used to produce transparent bottles, which is not possible with PE or PP.

How a circular economy approach can help protect the environment for future generations

-Coronavirus, oil price crash – impact on chemicals

Asian petrochemical shares fell along with crude oil on Friday on concerns over China’s decision to impose a new national security law on Hong Kong, which the US, UK, Canada and Australia deemed to be “in direct conflict with its international obligations”.

In the vinyl acetate monomer (VAM) market, northeast Asian producers have hiked offers to pass on firmer ethylene input costs to buyers, while demand remained weak and supply ample.

Economic data out of Asia continued to show strong hits from the measures implemented to contain the deadly novel coronavirus pandemic.

Coronavirus, oil price crash - impact on chemicals

Petrochemicals Enzymes Aromatics News

Petrochemicals Enzymes Aromatics Films 29-05-2020

Petrochemicals Enzymes Aromatics Films 29-05-2020

Petrochemicals Enzymes Aromatics Films

Crude Oil Prices Trend

Crude Oil Prices Trend

-ESG Focus: Licella, An Australian Company Taking On The World

Australian company Licella, is an interesting case study in plastic-recycling disruption. FNArena examines the way in which disruptive companies in this sector are forcing a foot in the door of a tightly held industry.

“A bridge to a lower carbon future” -Licella website

I precis this article with Licella’s tagline as a reminder of the vagaries of disruption. The company acknowledges that this is just a bridging technology – that there is more to come.

From an ESG perspective, Licella (unlisted) appears an interesting case study in the strategic approach small potentially disruptive companies might adopt to succeed in industries dominated by heavyweights such as Big Oil and Big Plastic.

Licella’s management was unavailable for comment so the information in this article is based on published data.

Petrochemicals Enzymes Aromatics Films

-NASB plans research on biodegradable materials and packaging

The National Academy of Sciences of Belarus (NASB) is planning to research biodegradable materials and packaging. Petrochemicals Enzymes Aromatics Films

The announcement was made by Belarusian Natural Resources and Environmental Protection Minister Aleksandr Korbut during the international scientific conference Sakharov Readings 2020: Environmental Problems of the 21st Century, BelTA reported.

The research and development will focus on identifying technologies that are suitable in terms of economic and environment friendliness.

Petrochemicals Enzymes Aromatics Films

-Spain ‘very positive’ about the future of plastics recycling

The innovative R&D project Circ-Pack has successfully developed solutions covering the full plastics value chain. Petrochemicals Enzymes Aromatics Films

Industry partners from over 22 European countries say their work proves the feasibility of making plastics circular as well as consumer-friendly way.

The 3-year long project, which was funded by the European Commission, achieved its objectives: developing alternative biodegradable and compostable biomaterials and recyclable bio-based plastic, producing eco-designed formats to replace the non-recyclable multilayer and multi-material packaging, while enhancing sorting and recycling processes.

Petrochemicals Enzymes Aromatics Films

-Neste and Covestro join forces – renewable raw materials for plastics production

Neste and Covestro are starting a strategic cooperation in Europe to promote the use of sustainable raw materials in plastics production. Covestro will be supplied with material from renewable sources to replace a significant portion of the fossil raw materials used to date in the manufacture of polycarbonates. This type of a high-performance plastic is used, for example, in car headlamps, LED lights, electronic and medical devices and automotive glazing. Petrochemicals Enzymes Aromatics Films

Over the short term, the collaboration aims to replace several thousand tons of fossil raw materials in the production of polycarbonates with raw materials produced with Neste’s renewable hydrocarbons. Neste produces its renewable hydrocarbons entirely from renewable raw materials, such as waste and residue oils and fats.

Petrochemicals Enzymes Aromatics Films

-Short-term outlook for caprolactam market – a tad strong in June

So far until the end of May, the entire development of caprolactam market in China was in narrow range bound.

There were no issues in the supply and demand relations of CPL, nylon 6 chip and textile filament yarn, and no particular problems in their operating rate, inventory and cash flows. Petrochemicals Enzymes Aromatics Films

The market could be described as neutral.

Considering the COVID-19 pandemic, China, South Korea, and most countries in Europe have entered a new stage of anti-pandemic, and economic activities have gradually been recovered, and prevention and control have been differentiated.

But the number of infected people in the United States, Brazil, India and some other countries of large popularity is constantly refreshing, which means that the impact of the pandemic is far from over.

It also means that the export order for China will be restricted in a long time.

Petrochemicals Enzymes Aromatics Films

-Will There Be Another Oil Price War?

Two months ago, Russia said no to Saudi Arabia’s proposal for deeper oil production cuts. It was enough to start a price war that, coinciding with the Covid-19 pandemic, wiped out billions in oil revenues for both Russia and Saudi Arabia while forcing them to enact even deeper cuts than previously discussed. Petrochemicals Enzymes Aromatics Films

Some say the price war was never about Saudi Arabia and Russia. They say it was about U.S. shale. If that is accurate, what happens when the U.S. shale patch regains enough strength to start ramping up production again?

It might sound premature to talk about production ramp-ups with West Texas Intermediate still below $40 a barrel and likely to stay below this crucial mark for a while.

Will There Be Another Oil Price War?

-New Method Developed For Bioplastics To Decompose Faster

Bioplastics have emerged as a viable option in the making of single-use products such as packaging materials, disposable cups, and similar items. Bioplastics are compostable and biodegradable over periods of up to several months. Now, in a ground-breaking research, scientists from the University of Bath and University of Birmingham have developed a more efficient way to recycle plastics.

Whilst bioplastics biodegrade quite fast, but still account for occupying space in landfills. And, amount to not very efficient use of materials and energy. The items manufactured are used only for a couple of seconds, and then discarded.

Following this, a huge truck has to be arranged, get the discarded items picked, and transport them to the landfill where they stay for several months. Nonetheless, bioplastics are better than old-fashioned plastics that take decades or even hundreds of years to decompose. Petrochemicals Enzymes Aromatics Films

New Method Developed For Bioplastics To Decompose Faster

-Less than 10% of all plastic trash ever produced has been recycled. Is this the breakthrough we’ve been waiting for?

A process known as chemical recycling offers a promising way to turn used products into new ones with a minimum of waste

Plastic. It’s not hard to see how anyone who is appalled at the despoliation of the environment could think that the world would be better without it. Nearly 10% of the world’s oil is used in making it. It has enabled the proliferation of cheap goods — cramming closets, landfills and otherwise-unspoiled places where it could remain for decades, if not centuries. Petrochemicals Enzymes Aromatics Films

Yet, because it’s so much lighter than the steel and glass it has replaced in vehicles and elsewhere, plastic has massively reduced fossil fuel emissions. And in the midst of a global pandemic, the need to securely protect food and personal items with impermeable packaging is essential.

https://ensia.com/features/plastics-chemical-recycling/

-German economy to contract by 6.6% in 2020, chems to recover in nine months

The German economy is anticipated to contract by 6.6% in 2020, leading to growth of 10.2% the following year from that lower level, according to analysis from the ifo Institute on Thursday. Petrochemicals Enzymes Aromatics Films

The estimate was released in the institute’s updated economic forecast for 2020/21 – following a survey among companies in May – which outlines a 12.4% drop in the second quarter this year and a recovery expected by the middle of 2021.

While services remain more affected by the impact of the pandemic than manufacturing,  the chemicals industry may be one of the slowest to recover, with normalisation in the sector likely to happen in 10 months’ time.

German economy to contract by 6.6% in 2020, chems to recover in nine months

-Coronavirus, oil price crash – impact on chemicals

European chemicals stocks and bourses rose healthily on Thursday on the back of hopes the lockdown easings will revive economic activity and liquidity provided by central banks will soften the recession blow. Petrochemicals Enzymes Aromatics Films

However, crude oil futures for delivery in July, which surpassed the $36/bbl mark earlier in the week, traded by Thursday afternoon closer to the $34/bbl mark.

The German economy is anticipated to contract by 6.6% in 2020, leading to growth of 10.2% the following year from that lower level, according to analysis from the ifo Institute on Thursday.

Coronavirus, oil price crash - impact on chemicals European chemicals stocks and bourses rose healthily on Thursd

Petrochemicals Enzymes Aromatics Films

Petrochemicals Enzymes Aromatics 28-05-2020

Petrochemicals Enzymes Aromatics 28-05-2020

Petrochemicals Enzymes Aromatics

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Impact of India’s anti-dumping investigation on China polyester single yarn market

According to Ministry of Commerce, the Ministry of Commerce and Industry of India announced that it will initiate an anti-dumping investigation on polyester yarn (polyester spun yarn) originating in China, Indonesia, Nepal and Vietnam on May 21, 2020. The products mainly involves the products under Indian customs code 55092100. According to the announcement, stakeholders should submit relevant information to the investigating authority within 30 days from the date of filing.

So what’s the impact of the anti-dumping investigation on China polyester single yarn market?

Petrochemicals Enzymes Aromatics

-Europe PET demand outlook unclear as lockdowns ease, market remains in survival mode

The polyethylene terephthalate (PET) industry in Europe had a surprisingly good run on sales during March’s pandemic shopping spree, but there is no getting away from the toll of a depressed economy.  Petrochemicals Enzymes Aromatics

Consumer focus was on essentials. And on the shopping list were 1l, 1.5l even 2l PET bottles of water and olive oil, for example.

Plastic-clad fruit and vegetables and other foods encased in packaging won over shoppers because of the hygiene aspect.

April demand was still good, particularly the first half, but the panic has since disappeared.

“For a month and a half, supermarkets were full of fruit in baskets and food on trays. They still are, but not as much,” a buyer said.

Petrochemicals Enzymes Aromatics

-Direct-spun PSF keeps rangebound in May

After sharp rise and fall in Apr, direct-spun PSF stayed rangebound in May.

In end-Apr to early May, direct-spun PSF price slid to 5,300-5,500yuan/mt, close to Apr’s low.  Petrochemicals Enzymes Aromatics

Downstream spinners which had missed previous low went bottom fishing successively, resulting in smooth transactions of direct-spun PSF before and after May Day holiday. Some over-the-counter capacity was even heard to be involved.

Quickly, direct-spun PSF plants revised prices up to about 6,000yuan/mt.

Although the trading volume was small later due to higher prices, the plants kept prices firm with shortage of supply.

Petrochemicals Enzymes Aromatics

-Lactips raises 13 million euros to drive development

Lactips, the French company specialised in producing a soluble bioplastic with zero environmental trace, has raised 13 million euros in new capital.

This round was led by Bpifrance’s SPI (Société de Projet Industriel) fund, managed on behalf of the French Government as part of the Investments for the Future Program (PIA), and Diamond Edge Ventures (DEV), the innovation investment arm of Mitsubishi Chemical Holdings Corporation (MCHC).  Petrochemicals Enzymes Aromatics

Lactips now has the financial resources needed to drive the development of its innovative and responsible biosourced, biodegradable and water-soluble solution, providing an alternative for numerous industrial plastics.With this key round of fundraising, Lactips will accelerate the industrialization of its plastic pellets and films to offer a wider selection of fully biodegradable and recyclable biosourced packaging.

Petrochemicals Enzymes Aromatics

-Celanese Files Anti-Dumping Petition With the European Commission Against Korea Petrochemical Industry Co., Ltd.

Celanese Corporation, a global chemical and specialty materials company, today announces it has filed a petition with the European Commission’s Directorate-General For Trade seeking Anti-Dumping duties on imports of Ultra-High Molecular Weight Polyethylene (UHMWPE) from Korea Petrochemical Industry Co., Ltd. (KPIC) of Seoul, South Korea, into the European Union.  Petrochemicals Enzymes Aromatics

“After successfully filing an anti-dumping case in the U.S., which the U.S. authorities voted unanimously to continue an investigation into, and in order to further ensure Celanese is able to operate in fair and sustainable industry conditions globally, we were compelled to also file an anti-dumping case against KPIC in Europe to address their destructive pricing practices in that region which have caused Celanese’s UHMWPE business to suffer significantly over the last several years since KPIC began selling in the region,” said Tom Kelly, Senior Vice President of the Engineered Materials business of Celanese.

Petrochemicals Enzymes Aromatics

-US Capital-Equipment Orders Fall for Second Consecutive Month

Commerce Department data suggest momentum in capital investment has paused as global trade concerns persist. Petrochemicals Enzymes Aromatics

Orders placed with U.S. factories for business equipment declined in September for a second month, a sign momentum in capital investment has paused as global trade concerns persist, Commerce Department figures showed Thursday.

Highlights of Durable Goods

Non-military capital goods orders excluding aircraft fell 0.1% (est. 0.5% rise) after dropping 0.2% the prior month (revised from 0.9% decline); figure is proxy for business investment.   Petrochemicals Enzymes Aromatics

Shipments of those goods, used to calculate gross domestic product, were unchanged (est. 0.4% increase); prior month revised to unchanged from 0.2% drop.

US Capital-Equipment Orders Fall for Second Consecutive Month

-Idemitsu expects stable petrochemical sales in 2020-21

Japanese refiner and petrochemicals producer Idemitsu expects to maintain sales of its basic petrochemical products in the April 2020-March 2021 fiscal year at the same level as 2019-20.  Petrochemicals Enzymes Aromatics

Idemitsu sold a total of 4.1mn t of basic petrochemical products, including ethylene, paraxylene (PX), propylene and styrene monomer (SM), in 2019-20, down by around 5pc from 4.3mn t in 2018-19. The sales volume of each product was not disclosed.

The company has a production capacity of 1mn t/yr for ethylene, 1.3mn t/yr for PX, 817,000 t/yr for propylene and 750,000 t/yr for SM.

Idemitsu expects stable petrochemical sales in 2020-21

-Will U.S. Shale Survive If Oil Hits $40?

Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a-kind events. First, it fell below zero on April 20. Then, it soared up so high it is about to book its best month ever, CNBC’s Pippa Stevens noted in a recent commentary. Still, many analysts and other observers remain wary of any premature optimism.

They have a good reason to be.  Petrochemicals Enzymes Aromatics

WTI is now trading at close to $35 a barrel. That’s up from less than $13 a barrel a month ago. Marked improvement is one way you could frame this–an incredible rally is another. And yet this rally did not happen on its own. It followed a fast reduction in production and the gradual lifting of lockdowns across the States and elsewhere as many parts of the world concluded that the worst of the coronavirus pandemic is over.

Will U.S. Shale Survive If Oil Hits $40?

-Marine microplastic pollution is worse than we thought

There are plenty of microplastics in the oceans, yet just how much of the stuff is out there may come as a shock. Brace yourself: the amount is many times more than previously thought.

So says a team of scientists in the United Kingdom who used nets with a mesh size of 100 micrometers (0.1mm), the width of a human hair, to see how many tiny plastic particles ended up in those nets. The researchers sampled water taken at two locations on both sides of the Atlantic: the English Channel in Europe and off the coast of Maine in North America. Petrochemicals Enzymes Aromatics

For many previous measurements, nets with a mesh size of 333 micrometers were used, but those failed to nab finer particles of plastic debris floating in the seas, explain the researchers who published their findings in a study. Using the finer 100μm mesh nets, however, the scientists found that the concentration of microplastics were between  2.5 and 10 times greater than when nets with 333μm and 500μm meshes were employed.

Marine microplastic pollution is worse than we thought

-Chemical recycling proves faster, more efficient way of recovering plant-based bioplastics

UK researchers speed up the process and produce biodegradable solvent

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 in the UK.

The team has shown how their chemical recycling method not only speeds up the process, it converts bioplastic material into a new product – a biodegradable solvent – which can be sold for use in a wide variety of industries including cosmetics and pharmaceuticals.

According to the researchers, bioplastics, made from polylactic acid (PLA), are becoming increasingly common in products such as disposable cups, packaging materials and even children’s toys. Petrochemicals Enzymes Aromatics

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 proves faster, more efficient way of recovering plant-based bioplastics

Petrochemicals Enzymes Aromatics

Petrochemicals Enzymes Automotive 27-05-2020

Petrochemicals Enzymes Automotive 27-05-2020

Petrochemicals Enzymes Automotive

Crude Oil Prices Trend  

Crude Oil Prices Trend  

-German industry expectations rise in May but situation remains dire

Germany’s export-reliant industrial companies’ sentiment on future expectations markedly improved in May as the country started easing its lockdown, but current business conditions remain bleak, research institute Ifo said on Monday.

However, the extent of the downturn caused by the coronavirus (see graph) may cause the worst recession in Germany in decades.

“Nevertheless, many companies are still pessimistic about their business … In manufacturing, the Business Climate Index rose appreciably [but] this was due only to companies’ much improved expectations,” said Ifo’s president Clemens Fuest.

“Industrial companies are still a long way from optimism. Their assessment of the current situation was once again markedly worse.”

Petrochemicals Enzymes Automotive

-Noble Biomaterials Announces Launch Of New Brand Identity — Ionic+®

Noble Biomaterials, the global supplier of antimicrobial and conductivity solutions for soft-surface applications, today announced the launch of a new brand identity — Ionic+™ — for its antimicrobial technology formerly known as XT2.

The new brand name, logo and tagline will more clearly convey the benefits and story of Ionic+, a technology that uses positively charged silver ions to provide microbial and odor protection for the life of a product. Petrochemicals Enzymes Automotive 

More than 30 leading brands, including Athleta, Mack Weldon, Fox Racing, Rhone, Hill City, Tory Lee Designs, Giro, Rhoback, Gekks, BN3TH, and Silvon bedding & towels already use Ionic+ to impart a performance edge to their products.

Petrochemicals Enzymes Automotive

-Coca Cola Indonesia Establishes High-tech Recycling Facility

Coca Cola Amatil Indonesia signed a Head of Agreement with Dynapack Asia, a packaging company, to build a recycling facility that is claimed to be the world’s most sophisticated.

“It’s our step in realizing the sustainability of the environment,” Coca Cola Indonesia CEO Kadir Gunduz said in a press release on Wednesday, May 20.

The facility will recycle low-quality Polyethylene Terephthalate (PET) wastes into high-quality PET, which will be food grade.  Petrochemicals Enzymes Automotive 

Kadir claimed the use of recycled plastic can reduce the amount of resin in new plastics. In 2020, companies are predicted to use around 25,000 tons of plastics.

Petrochemicals Enzymes Automotive

-Harmonising Design for Recycling across the plastics value chain

Next step will be certification

In 2019, several players from the value chain of plastics packaging joined forces in the RecyClass Platform initiative, aimed at advancing plastic packaging recyclability within Europe.  Petrochemicals Enzymes Automotive 

Together, they created harmonised Design for Recycling Guidelines, a scoring method, and test protocols to assess the recyclability of plastics packaging and of new packaging technologies in the European market. RecyClass also provides specific recommendations on how to improve packaging design to fit current recycling technologies and the testing of innovative materials.

Using these guidelines provides more clarity to designers about how to create recyclable packaging, and for brands and converters to assess the recyclability of their existing specific packages.

Petrochemicals Enzymes Automotive

-Celebrating nine years of ECONYL® nylon with nine highlights and a glimpse into the future

We’re thrilled to be celebrating nine years since our ECONYL® regenerated nylon was created and launched to the market.

It’s strange to be celebrating these days, but we are living in a moment of great reflection, so it becomes natural to see our story in connection with so much that has changed in the world in nine years, especially now with everything that COVID-19 has made more visible and accelerated.  Petrochemicals Enzymes Automotive 

Sustainability slowly went from being a problem of individual choices to being a broader topic that needed strong industry collaboration. Sustainability has proven that it can also be good for business and innovation, all while demanding more and more from outside the industry and the public.

Petrochemicals Enzymes Automotive

-Hygienic and sustainable: antimicrobial fast food serving trays from recycled ocean waste

Germ-free trays, peace of mind

When it finally comes time for the fast-food restaurants and cafeterias to reopen, this will only be allowed if certain protocols are in place. Petrochemicals Enzymes Automotive 

But what about something as simple as the serving tray? Until now, these have often received no more than a cursory wipe down after use – often with the same cloth that is used to clean other surfaces as well. It is a highly efficient way to spread germs around.

A Norwegian company called ZincIn AS has come up with an alternative approach, which ticks both the sustainability and the hygiene box at the same time.

Hygienic and sustainable: antimicrobial fast food serving trays from recycled ocean waste

-New Plant-Based Bottles Made From Plant Sugar Degrade in a Year

A new “all-plant” drink bottle is underway at a Netherlands biochemicals company.

These bottles are made from sustainable crops and decompose within a year.

The bottle is made from plant sugars instead of traditional fossil fuels.

Avantium is the company behind the bottle.  Petrochemicals Enzymes Automotive 

They have already found support from beer company Carlsberg, who plans to sell a plant-plastic lined cardboard bottle in future beverage releasesCoca-Cola and Danone have also backed the product.

New Plant-Based Bottles Made From Plant Sugar Degrade in a Year A new “all-plant” drink bottle is underway at a Netherlands biochemicals co

-Coca Cola considers building Indonesian recycling plant to slash 25,000 tons of plastic

Soft drinks manufacturer Coca Cola Amatil Indonesia (Amatil) is looking into developing a plastic bottle recycling facility in one of the world’s top plastic polluting countries.

The company said on Friday it had signed a deal with plastic packaging maker Dynapack Asia to conduct a feasibility study on developing the facility. The soft drinks maker also said it aimed to cut consumption of new plastic resin by up to 25,000 tons a year by 2022 by using recycled plastic.  Petrochemicals Enzymes Automotive 

The statement did not mention Amatil’s total annual new plastic resin consumption. However, a 2019 report shows that the Coca-Cola Company produced 3 million tons of plastic packaging in 2017, the highest among 31 companies listed in the report.

-Coca Cola considers building Indonesian recycling plant to slash 25,000 tons of plastic

-US blacklisting of Chinese high-tech firms opposed

The US government’s decision to add 33 Chinese technology companies and institutions to its “Entity List” will hurt the interests of the suppliers in the United States and impede international technology cooperation, especially with the novel coronavirus pandemic triggering a global economic downturn, experts said. Petrochemicals Enzymes Automotive 

The US Department of Commerce placed the companies and institutions, including cybersecurity company Qihoo 360 Technology, artificial intelligence startup Cloud-Walk Technology and Beijing Computational Science Research Center, on a list barring them from buying components from US companies without government approval.

-US blacklisting of Chinese high-tech firms opposed

-Team of Canadian and Italian researchers breaking new ground in materials science

A study by a team of researchers from Canada and Italy recently published in Nature Materials could usher in a revolutionary development in materials science, leading to big changes in the way companies create modern electronics.

The goal was to develop two-dimensional materials, which are a single atomic layer thick, with added functionality to extend the revolutionary developments in materials science that started with the discovery of graphene in 2004. Petrochemicals Enzymes Automotive 

In total, 19 authors worked on this paper from INRS, McGill, Lakehead, and Consiglio Nazionale delle Ricerche, the national research council in Italy.

Team of Canadian and Italian researchers breaking new ground in materials science

Petrochemicals Enzymes Automotive

Petrochemicals Enzymes Circular Economy 26-05-2020

Petrochemicals Enzymes Circular Economy 26-05-2020

Petrochemicals Enzymes Circular Economy

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-China: “We are one step away from a new Cold War with the US”

Is the world sleepwalking into a new war, be it hot or cold? And is the virus the oil to lubricate and fuel the clash that is centered on China and the US, but impacts the world?

Are countries playing a bizarre game of chicken where neither wants to step back for fear of losing domestic support? It is hard to miss this trend and most importantly, this is all happening without checks and stops.

There is no international organization apparently able to pull the brakes or mediate in this predicament.

Petrochemicals Enzymes Circular Economy

-Sentiment shifting in US PE markets as export offers rise

Sentiment is showing signs of shifting in the US polyethylene (PE) market. Export offers are starting to trend higher while price increase initiatives have been announced in the domestic market.

DEMAND BETTER THAN EXPECTED

The PE industry reacted to poor first quarter earnings by implementing operating rate reductions and even idling plants in some cases.

PE demand has not fallen as sharply as some other plastics as much of PE demand comes from consumer non-durables such as food packaging, meaning that a number of major key PE applications have seen steady demand during the coronavirus outbreak.

Overall demand has still fallen with the generally bearish macroeconomic climate, but it would seem that a number of producers achieved better sales than expected during the month of May.   Petrochemicals Enzymes Circular Economy

Petrochemicals Enzymes Circular Economy

-UK researchers develop biopolymer recycling technique

Researchers at two universities develop chemical recycling technique for plant-based biopolymers.

Scientists at the Universities of Birmingham and Bath in the United Kingdom say they have developed a “faster, more efficient way” of recycling plant-based biopolymers or bioplastics. The research was funded by the U.K.-based Engineering and Physical Sciences Research Council. Petrochemicals Enzymes Circular Economy

The research team says its chemical recycling method not only speeds up the process, but can convert discarded bioplastics into a new product—a biodegradable solvent—that “can be sold for use in a wide variety of industries including cosmetics and pharmaceuticals.”

Bioplastics, made from polylactic acid (PLA), are used in products including disposable cups, packaging materials and toys. Typically, once they reach the end of their useful life, they are disposed of in landfills or composted, biodegrading over periods of up to several months, say the researchers.

Petrochemicals Enzymes Circular Economy

-Commercial recyclers feeling the impacts of COVID-19

Most volumes are down, even as businesses slowly reopen, meaning recyclers have to adjust.

While hospitals and health care facilities have remained open and active over the last two months, many other businesses, such as restaurants, schools and offices, have closed, which affects their demands for waste and recycling services. Those fluctuations in recycled materials volumes mean commercial recyclers, like Pittsburgh-based RoadRunner, must accommodate what clients need or don’t need right now.

For RoadRunner, the technology it created has helped the company better manage these changes in customer generation during the COVID-19 pandemic. “We’ve built technology where we can see weekly and daily fill rates on containers,” CEO and founder Graham Rihn says. That technology tells RoadRunner real time volumes for each customer as they generate materials.  Petrochemicals Enzymes Circular Economy

-Commercial recyclers feeling the impacts of COVID-19

-Recent nylon market brief analysis

With the restart and stabilized production of Tianchen Yaolong’s 350kt/year caprolactam plant, supply shortage in South China and Zhejiang province had been basically released, and the tightness in Jiangsu and North China market was also eased to some extent.

After contacting with producers, delivery and operation of CPL plants had been mostly returned to normal pace, and almost no inventory was accumulated so far. Spot CPL price trend stabilized while kept a high status in the week recorded May 18-22.

Nylon 6 chip plants had cut down production accordingly when CPL supply was drained for a period of time. Petrochemicals Enzymes Circular Economy

Operating rate of nylon 6 HS chip plants lowered from 67% to as low as 64% by May 20, and recovered to 66% by May 21; the run rate of CS chip plants dropped from 74% to 68% by May 21; the average run rate of nylon 6 chip plants in China lowered from 70.5% to as low as 66% by May 20 and returned to 67% by May 21.

Petrochemicals Enzymes Circular Economy

-Does rayon yarn market warm up?

More price enquiries were heard recently, and some products enjoyed better sales. From conventional yarn and fabric to colored yarns and high-count yarns all were sold at low level intensively.  Petrochemicals Enzymes Circular Economy

Compared with the bearish sentiment in Mar-Apr when trades were thin despite low prices, high inventory has finally begun to decline which kindled the light of hope for the industry.

Lockdown in many countries eased in May, and major ports also showed signs of restarting. In addition to delivery of pre-cargos, some traders and dyeing mills began to purchase and produce stocks respectively.

It can be seen that what can affect and reflect the market is always the change in end-users demand.

Does rayon yarn market warm up?

-Oerlikon’s new solution enables high-titer yarn production

Oerlikon Barmag, a technology and engineering company, is offering yarn manufacturers a highly-efficient solution: spinning concept with Wings HD winding unit in conjunction with automatic eAFK Big V Multispindle texturing machine. This is currently the only system on market for manufacturing excellent-quality high-titer yarns with maximum machine efficiency.  Petrochemicals Enzymes Circular Economy

12 POY packages of up to 600d/576f (final) are produced in the spinning process using Wings HD 1800. This is made possible as a result of an additional godet, which ensures that the high yarn tensions developing in the process are reduced to the yarn tensions common in the case of the winding process to date. At the same time, the newly-developed suction unit with the accompanying yarn cutting device (yarn collecting system) ensures – both during string-up and in the event of a yarn break –reliable handling of the yarn with an overall titer of 7,200 den (final) and 6,912 filaments.

Oerlikon's new solution enables high-titer yarn production

-Automotive manufacturing chooses carbon dioxide lasers

Carbon dioxide laser-processed components find their way into almost all areas of a typical vehicle.

Modern automotive manufacturing uses a broad range of different materials, including plastics, metals, textiles, glass, and rubber. High-end and luxury vehicles may feature state-of-the-art carbon fiber alongside traditional materials such as wood and leather. Processing such a diverse range of materials requires a versatile tool, and this is where the carbon dioxide (CO2) laser comes in. Invented in 1964, the CO2 laser is one of the oldest laser technologies, yet it remains a mainstay of modern manufacturing and finds a plethora of uses in the automotive industry. Petrochemicals Enzymes Circular Economy

Automotive manufacturing chooses carbon dioxide lasers

-Coca-Cola says its plastic bottles will be biodegradable by 2023

Drink-maker’s support in the Paper Bottle Project is a big win for the environment

Coca-Cola has said goodbye to plastic bottles.  Petrochemicals Enzymes Circular Economy

The soft-drink maker has become one of many companies supporting the ‘Paper Bottle Project’, alongside the likes of Carlsberg and L’Oreal. The initiative aims to reduce plastic bottles entirely, in favour of plant-based biodegradable ones.

And the deadline to get rid of those plastic bottles is sooner than you think; Coca-Cola wants to go plastic-free by 2023 (within the next 24 months).

Coca-Cola says its plastic bottles will be biodegradable by 2023

-Mexico probing links between former president, Baxter International

Mexico City — Mexican President Andrés Manuel López Obrador has ordered officials to investigate whether his predecessor Enrique Peña Nieto and his family benefited from multi-million-dollar contracts allegedly awarded by the Mexican government to health care company Baxter International Inc.   Petrochemicals Enzymes Circular Economy

“We have to investigate if President Peña Nieto is involved and see how long the company has been operating, what contracts it received … if they were awarded directly, through tenders,” Lopez Obrador said at his May 20 daily news conference, according to Reuters.

Petrochemicals Enzymes Circular Economy

Petrochemicals Enzymes Circular Economy

Petrochemicals Enzymes Graphene News 25-05-2020

Petrochemical Polymers Chemical Polyamide Trend

Petrochemical Polymers Chemical Polyamide

Petrochemical Polymers Chemical Polyamide

Polyestertime
ITEM18/05/202025/05/2020+/-
Bottle grade PET chips domestic market5,500 yuan/ton5,575 yuan/ton+75
Bottle grade PET chips export market675 $/ton690 $/ton+15
Filament grade Semidull chips domestic market

Petrochemical Polymers Chemical Polyamide

4,600 yuan/ton4,750 yuan/ton+150
Filament grade Bright chips domestic market4,700 yuan/ton4,850 yuan/ton+150
Pure Terephthalic Acid PTA domestic market3,455 yuan/ton3,480 yuan/ton+25
Pure Terephthalic Acid PTA export market
425 $/ton420 $/ton-5
Monoethyleneglycol MEG domestic market3,525 yuan/ton3,570 yuan/ton+45
Monoethyleneglycol MEG export market420 $/ton420 $/ton-
Paraxylene PX FOB  Taiwan market485 $/ton486 $/ton+1
Paraxylene PX FOB  Korea market467 $/ton468 $/ton+1
Paraxylene PX FOB EU market

Petrochemical Polymers Chemical Polyamide

390 $/ton399 $/ton+9
Polyester filament POY 150D/48F domestic market5,255 yuan/ton5,460 yuan/ton
+235
Recycled Polyester filament POY  domestic market5,350 yuan/ton5,700 yuan/ton+350
Polyester filament DTY 150D/48 F domestic market6,900 yuan/ton7,100 yuan/ton+200
Polyester filament FDY 68D24F domestic market 6,650 yuan/ton7,000 yuan/ton+350
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers Chemical CPL
5,950 yuan/ton6,280 yuan/ton+330
Polyester staple fiber 1.4D 38mm domestic market5,850 yuan/ton5,950 yuan/ton+100
Caprolactam CPL domestic market9,850 yuan/ton9,800 yuan/ton
-50
Caprolactam CPL overseas  market1,030 $/ton1,020 $/ton-10
Nylon6 chips overseas  market1,300 $/ton1,320 $/ton+20
Nylon6 chips conventional spinning domestic  market10,600 yuan/ton10,900 yuan/ton+300
Nylon6 chips  high speed spinning domestic  market10,700 yuan/ton10,850 yuan/ton+150
Nylon 6.6 chips domestic  market17,800 yuan/ton17,500 yuan/ton-300
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers Chemical Polyamide

13,000 yuan/ton13,000 yuan/ton
Nylon6 Filament DTY 70D/24F domestic  market16,100 yuan/ton16,100 yuan/ton
Nylon6 Filament FDY  70D/24F  domestic  market13,800 yuan/ton14,000 yuan/ton+200
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,000 yuan/ton29,000 yuan/ton
Adipic Acid domestic market6,100 yuan/ton6,150 yuan/ton+50
Benzene domestic market3,500 yuan/ton3,450 yuan/ton-50
Benzene overseas  market379 $/ton404 $/ton
+25
Ethylene South East market505 $/ton615 $/ton+110
Ethylene NWE  market441 $/ton478 $/ton+37
Acrylonitrile ACN  domestic market7,100 yuan/ton7,400 yuan/ton+300
Acrylonitrile ACN  overseas market900 $/ton900 $/ton
Acrylic staple fiber ASF  domestic market11,100 yuan/ton11,100 yuan/ton
Viscose Staple Fiber VSF  domestic market8,800 yuan/ton8,800 yuan/ton
PP Powder domestic market7,300 yuan/ton7,300 yuan/ton
Naphtha overseas market 

Petrochemical Polymers Chemical Polyamide

253 $/ton290 $/ton
+37
Phenol domestic market 6,900 yuan/ton6,900 yuan/ton
PS Taiwan 5250 GPPS950 $/ton 930 $/ton-20
PS Taiwan 8250 HIPS1,070 $/ton 1,060 $/ton-10
LDPE CFR Far East 822 $/ton822 $/ton
LLDPE CFR Far East732 $/ton732 $/ton
LDPE   FOB Middle East814 $/ton814 $/ton
LLDPE FOB Middle East724 $/ton724 $/ton
HDPE CFR Far East724 $/ton803754 $/ton+30
LDPE FD Northwest Europe 803 €/ton813 €/ton-+10
LLDPE FD Northwest Europe 783 €/ton753 €/ton-30
Homopolymer PP CFR Far East800 $/ton805 $/ton+5
Homopolymer PP FD NWE801 €/ton801 €/ton

Petrochemical Polymers Chemical Polyamide

Petrochemicals Enzymes Graphene News 25-05-2020

Petrochemicals Enzymes Graphene News

Petrochemical Polymers Chemical Polyamide

Petrochemicals Enzymes Graphene News

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-2020 Auto Sales Forecast to Drop 22%, with Risk for Further Deterioration

Global light vehicle sales are forecast to be 69.6 million units this year in the wake of the COVID-19 pandemic, according to market watcher IHS Markit, which is also  forecasting a similar decline in global light vehicle production, to 69.3 million units. The world manufactured around 87.4 million light vehicles in 2019, according to the International Organization of Motor Vehicle Manufacturers, 20.7% higher than IHS Markit’s 2020 forecast.

IHS Markit says its current forecast could still yet have some downside. The implications for plastic compounds employed in automobiles are indeed severe, according to Dr. Liang Tao, Global Business Development Director at polyolefin market research firm Townsend Solutions. Based on modeling by Tao, around 900,000 tonnes of polypropylene (PP) consumption will be lost this year due to reduced vehicle production.

Petrochemicals Enzymes Graphene News

-China demand insufficient to sustain Asia petrochemical market gains

China has buoyed petrochemical markets in Asia in recent weeks aided by rising upstream crude prices. But sustaining gains remains a big question mark as the coronavirus pandemic has triggered an unprecedented collapse in demand that could last beyond this year. Petrochemicals Enzymes Graphene News

The global demand shock and supply disruption that ensued as countries isolated themselves to contain the deadly virus may prove too enormous for a quick fix, given that recovery of the world’s second-largest economy in the second half is uncertain at best since external demand is beat.

China decided, at the start of its delayed annual parliamentary session on Friday, for the the first time in 30 years not to set a GDP growth target for the current year.

Petrochemicals Enzymes Graphene News

-Graphene-Reinforced Carbon Fiber May Lead to Affordable, Stronger Composites

A new way of creating carbon fibers — which are typically expensive to make — could one day lead to using these lightweight, high-strength materials to improve safety and reduce the cost of producing cars, according to a team of researchers led by Penn State University. Using a mix of computer simulations and laboratory experiments, the team found that adding small amounts of the graphene to the production process both reduces the production cost and strengthens the fibers. Petrochemicals Enzymes Graphene News

For decades, carbon fibers have been a mainstay of airplane production. If created in the right way, these long strands of carbon-based atoms, narrower than human hair, are lightweight, stiff and strong — a perfect application for keeping passengers safe in a vehicle soaring miles above the ground.

“Even though carbon fibers have really nice features, they would make a car far more expensive” with the way carbon fibers are manufactured now, said Adri van Duin, a professor of mechanical and chemical engineering at Penn State. “If you can get these properties easier to manufacture then you can make cars significantly lighter, lower the cost of them and make them safer.”

Graphene-Reinforced Carbon Fiber May Lead to Affordable, Stronger Composites

-Global PE run rates lower until 2021 as demand weakens, capacity increases

Polyethylene (PE) production globally is expected to run at reduced rates or the rest of 2020 as growing capacities will meet slowing demand for most end sectors, according to ICIS analysis.

In the first phase of the pandemic health emergency, while lockdowns and logistical issues kept PE supply limited in some cases, demand performed extraordinarily well for some specific applications, mainly packaging uses.

Entering into the second phase, ICIS expects that the softening of demand and the gradual return to higher global PE availability will restore the oversupply situation that was already apparent before the crisis. Petrochemicals Enzymes Graphene News

Concerning the different PE polymers, demand for food packaging, medical uses and consumer non-durable applications is still favouring mainly low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) markets.

Petrochemicals Enzymes Graphene News

-PET resin maker Octal nears million tonne milestone

Clear rigid packaging manufacturer Octal is edging towards producing 1 million tonnes annually after increasing its customer base by 500 in the past three years.

The company, which operates plants in Salalah, Oman, and Ohio, USA, said it was enjoying “impressive success” in its PET resin business and was now a supplier to most international brands.

In addition to PET resin, it produces direct-to-sheet PET (dPET), aPET and rPET sheet, and PET packages.

With its headquarters close to the Port of Salalah, Octal said it was committed to creating long-term value for Oman that extended beyond diversification – positioning the Sultanate as a hub for the global PET industry.

PET resin maker Octal nears million tonne milestone

-Customers want more PCR—including food grade—than recyclers can supply. Solutions involve efforts to educate customers, employees, and the community at large. New technologies also offer hope.

With demand for recycled plastics content—especially post-consumer—growing faster than the supply, plastics processors are feeling the squeeze. That’s true for even the largest users of post-consumer recycle (PCR), even one that has its own bale-to-pellet recycling capability. The company in question is Graham Packaging Co. (grahampackaging.com), a producer of more than 16 billion rigid containers per year from HDPE, PP and PET. Based in Lancaster, Pa., GPC has over 60 facilities employing almost 5000 people in 16 nations in North and South America, Asia and Europe. Petrochemicals Enzymes Graphene News

According to Graham’s 2018 Sustainability Report (short.ptonline.com/SustainRpt), the company used 65 million lb of PCR HDPE (rHDPE) that year, of which 42 million lb, roughly the equivalent of 300 million plastic containers (mostly milk jugs), was processed from raw bales by the Graham Recycling Center in York, Pa. The rest came from a network of 10 other recyclers coast to coast.

post-consumer recycle (PCR)

-Ineos Teams Up with Herman Miller in the Production of Face Shields for Front Line Medical Staff Amid Coronavirus Crisis

Ineos Olefins & Polymers USA is donating enough PP to Herman Miller which has repurposed resources to injection mold headbands for 20,000 medical face shields to combat COVID-19.

Yet another PP resin supplier that has teamed up with an OEM willing to re-purpose some of their resources to help in the fight against COVID-19 is Houston-based Ineos Olefins & Polymers. The company is donating enough PP resin to office furniture leader Herman Miller, Zeeland, Mich., for the production of injection molded headbands for 20,000 medical face shields. This, in response to the continuing needs of medical services, nursing homes, and other healthcare facilities.  Petrochemicals Enzymes Graphene News

The face shields have been designed by a Herman Miller product development senior engineer, and distributed by Herman Miller and Herman Miller Cares—the company’s private foundation and corporate giving program. Widely recognized for its inventive designs, Herman Miller has repurposed resources normally used for its office furniture to make this vital piece of protective equipment for front-line workers using PP made from Ineos.

Ineos Teams Up with Herman Miller in the Production of Face Shields for Front Line Medical Staff Amid Coronavirus Crisis

-Will recycled plastics survive tanking oil prices?

It seems an impossible situation. Some of the world’s largest corporations promised to quickly slash their use of virgin plastic packaging.

Yet the recycled material available to make bottles, bags and boxes has become harder to find and more expensive. Petrochemicals Enzymes Graphene News

Markets already jagged from COVID-19 saw the price of crude oil drop below zero for the first time April 20, which also dragged down the value of virgin plastics.

In the last three months, pricing nose-dived by 42 percent for high-density polyethylene HDPE) used in laundry bottles, by 43 percent for polypropylene used in yogurt tubs and by 14 percent for PET used in water bottles, according to RecyclingMarkets.net.

Post-consumer recycled plastics look about as budget-friendly as diamonds next to cubic zirconia.

Will recycled plastics survive tanking oil prices?

-Faster, More-Efficient Chemical Recycling Process Keeps Bioplastics in the Mix

Bioplastics have always been the fly in the ointment when it comes to recycling, as PET recyclers fear the inadvertent addition of polylactic acid (PLA) in the mix, which ruins the whole batch.

Today, scientist at the universities of Birmingham and Bath in Great Britain have announced the development of a chemical recycling method that not only speeds up the process but can convert the output into a biodegradable solvent that can be sold for use in variety of industries, including cosmetics and pharmaceuticals.

Faster, More-Efficient Chemical Recycling Process Keeps Bioplastics in the Mix

-Rubber made from waste opens door to sustainable production

A recyclable rubber material made from waste has been developed by a team of researchers spearheaded in South Australia.

The new material is also able to be easily repaired, offering a sustainable solution to rubber manufacturing, which has traditionally been resource intensive and resulted in huge amounts of landfill at end of life.  Petrochemicals Enzymes Graphene News

Flinders University Associate Professor Justin Chalker has been developing materials made from waste cooking oil and sulphur for several years with other products including a polymer that can that can soak up oil spills and a mercury and cyanide-free method of precious metal extraction and recovery.

Rubber made from waste opens door to sustainable production

Petrochemicals Enzymes Graphene News

Petrochemicals Enzymes Graphene Chemicals 23-05-2020

Petrochemicals Enzymes Graphene Chemicals 23-05-2020

Petrochemicals Enzymes Graphene Chemicals

Petrochemicals Enzymes Graphene Chemicals

-Fishing for ghost nets

Many people visualize marine litter as unsightly plastic debris in the form of bottles, caps, plastic bags and other waste drifting in huge gyres in the oceans.

Just as dangerous and far less visible is what’s known as ‘ghost gear’: discarded, lost or abandoned nets that form floating death traps, says the Environmental Justice Foundation. The foundation runs the Net Free Seas project and is funded by the Norwegian Retailers’ Environment Fund.

The problem is a global one and the damage that ghost nets inflict every year is vast, as these nets continue to catch and kill marine wildlife, said EJF’s executive director Steve Trent.

Petrochemicals Enzymes Graphene Chemicals

-Vinyl Sustainability Council claims 550,000 tons recycled annually

Industry group says vinyl sector is becoming more familiar with recycling procedures.

The Washington-based Vinyl Sustainability Council (VSC) says some 1.1 billion pounds (550,000 tons) of the polymer material is diverted from landfills annually in the United States and Canada. The council did not provide a diversion percentage figure attached to the 550,000-ton volume figure.  Petrochemicals Enzymes Graphene Chemicals

“Post-consumer recycling contributes roughly 15 percent, and this number has grown 40 percent since 2014,” says the council.

Petrochemicals Enzymes Graphene Chemicals

-Indorama Ventures to increase PET processing capacity to 750 thousand tons per year by 2025

Indorama Ventures (IVL) will increase its capacity for processing polyethylene terephthalate (R-PET) to 750 thousand tons per year by 2025, the Thai company said in its annual report. Petrochemicals Enzymes Graphene Chemicals

In his introduction to the report, Dilip Kumar Agarwal, Chief Executive Officer of Feedstock and PET Business, said: “We have committed to the Ellen MacArthur Foundation that we will increase our PET processing capacity to 750 thousand tons by 2025 ”

Along with expanding PET processing capacities, the company expects that by 2025, return on invested capital (ROCE) will be about 12-14%.

Indorama Ventures to increase PET processing capacity to 750 thousand tons per year by 2025

-Home textiles made from bulky polyester filament yarn

Home textiles directly influence the feel-good factor of our personal surroundings.

Being pleasant to the touch, soft and extremely aesthetic, highly-bulky up-holstery fabrics for furniture, decorative fabrics and wall textiles, drapes and pleated curtains and even carpets can support and express our lifestyles and personalities.

High-quality tex-tiles for our beds, bathrooms and tables are frequently matter-of-fact for many of us.

And high-end yarns are also used in the automobile industry – for seat upholstery, interior cladding and floor covering in cars. Petrochemicals Enzymes Graphene Chemicals

Often, they have to withstand heavy demands.

For this reason, the yarn quality of the high-titer yarns must be correspondingly high.

Petrochemicals Enzymes Graphene Chemicals

-KRICT team develops improved graphene production method

A state-run research body in South Korea opened the way for the mass-production of high-quality industrial graphene in powder form without treating graphite with a strong acid. Petrochemicals Enzymes Graphene Chemicals

A domestic company will seek commercial production within this year.

The Korea Research Institute of Chemical Technology (KRICT) said its research team has developed an electrochemical stripping process that can send electricity to graphite electrodes to peel graphene into very thin layers.

The peeled graphene is extracted in powder form through a filter.

The process can reportedly produce 60 grams of high-quality graphene per hour.

Petrochemicals Enzymes Graphene Chemicals

-PPG Acquires Alpha Coatings Technologies

Recent acquisition adds additional powder capacity.

Shelley Verdun – PPG business manager, Powder Coatings spoke with Coatings World about the company’s recent acquisition of Alpha Coatings Technologies.

Coatings World: Why was Alpha Coatings Technology an attractive acquisition for PPG?

Verdun: At PPG, we are committed to powder coatings as one of the most sustainable coating solutions. Petrochemicals Enzymes Graphene Chemicals

Continued advancements in technology have increased customer confidence in powder coatings, as they prove competitive to liquid solutions in color, durability, efficiency and cost.

The acquisition with Alpha Coating Technologies provides additional powder capacity.

This includes small batch and low cure powder manufacturing capabilities for general finishes, light industrial, furniture and heat-sensitive substrate end uses.

This acquisition also provides emerging IP in low-temperature cure powder technology.

PPG Acquires Alpha Coatings Technologies

-Lifestyle introduces formula to enhance plastic pack biodegradability

Yorkshire-based packaging experts Lifestyle Packaging has introduced BioPAC to the UK market, described as a ground-breaking formula that will degrade plastic packaging in 10 years.

That’s 100-200 times faster than the natural lifespan of plastic.

The unique plastic additive is added into the base polymer – such as PP, PE, PS, PET, and other major resin types – and enhances its biodegradability without the need for UV or high temperatures. Petrochemicals Enzymes Graphene Chemicals

Instead, the formula allows acids, secreted naturally by over 600 microbes, to soften the macromolecules within the plastic, resulting in much faster biodegradation.

Lifestyle introduces formula to enhance plastic pack biodegradability

-Belite Ceramics, SACMI completes the first 4.0 ‘virtual start-up’

Working alongside the customer, Sacmi has successfully dealt with an unprecedented challenge: the remote start-up of a complete, automated line. Now, thanks to this new SACMI plant, Belite can think big and produce innovative top-of-the-range products

At the end of 2019 Chinese firm Belite already had all the machines on site, ready to be installed and started up by SACMI technicians.

Then came the health emergency, quarantining the entire country and preventing the Italian teams from getting there. Hence the challenge of performing a fully remote installation and start-up of an entire plant, one of China’s most advanced in terms of automation, technology and digitization. Petrochemicals Enzymes Graphene Chemicals

Today came the announcement that the first white body wall tiles – products of outstanding added value – and glazed porcelain tiles have started coming off the new up-and-running production lines. SACMI, after standing shoulder to shoulder with customers all over the world ever since the earliest stages of the health emergency, has now proven it’s ready for the post-COVID phase, when virtual assistance will be an increasingly essential element during the design, start-up and after-sale phases.

Belite Ceramics, SACMI completes the first 4.0 ‘virtual start-up’

-Silvergate Launches Natural Colour Collection

Silvergate Plastics has launched a Natural Colour Collection, which reflects the latest trends in homewares and consumer products.

Emma Cank, Silvergate’s Sales Executive and consumer goods specialist, has been working closely with colour match technicians to develop this striking and stylish range.

The collection includes muted tones and heritage hues, which are currently popular with interior designers and online influencers. Designed to complement cool greys and classic whites, these colour palettes give producers of consumer homewares a convenient way to select colours. Petrochemicals Enzymes Graphene Chemicals

Silvergate Launches Natural Colour Collection

-CARGILL AND P&G SIGN LICENSE TO COMMERCIALIZE BIO-BASED ACRYLIC ACID TECHNOLOGY

Procter & Gamble (P&G; Cincinnati, Ohio) has granted Cargill, Inc. (Minneapolis, Minn.) an exclusive license that allows Cargill to further develop and commercialize a technology developed by P&G that converts lactic acid into bio-based acrylic acid, so that it can ultimately be incorporated in a range of applications from superabsorbent polymers in absorbent hygiene products to thickeners in household paints and beyond. The use of bio-based acrylic acid is estimated to reduce greenhouse gas (GHG) emissions and contribute to greener products for years to come – something that is important to a range of stakeholders, including consumers and business leaders.

P&G scientists were recently announced as winners of the American Chemical Society (ACS) 2020 Award for Affordable Green Chemistry for this groundbreaking proprietary technology. While the conversion technology is considered a breakthrough, it will take several more years of development before impacting consumer products in the marketplace. Petrochemicals Enzymes Graphene Chemicals

CARGILL AND P&G SIGN LICENSE TO COMMERCIALIZE BIO-BASED ACRYLIC ACID TECHNOLOGY

Petrochemicals Enzymes Graphene Chemicals

Petrochemicals Enzymes Oil Chemicals 22-05-2020

Petrochemicals Enzymes Oil Chemicals 22-05-2020

Petrochemicals Enzymes Oil Chemicals

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Is paper the material for a sustainable future?

With increasing consumer awareness of the environmental impact of plastic packaging, the demand for sustainable packaging materials has also grown. Jessie Paige investigates whether paper has the potential to contribute to a sustainable future.

Plastic has become a controversial material in recent years, with the UK charity for circular economy the Ellen Macarthur Foundation even predicting that there could be more plastic in the ocean than fish by 2050.

Many governments around the globe have started a so-called ‘war on plastic’, such as in Europe, where EU member states are aiming to ban single-use plastic by 2021.

Another material that has come into mainstream attention is paper and, with this, the debate over whether paper is actually a good alternative to plastic.

Petrochemicals Enzymes Oil Chemicals

-If Carlsberg did plant-based biodegradable plastic bottles…

Divers have been well aware of the issue of plastic pollution in our oceans for years, and it is currently a hot topic among the mainstream population.

Now Coca-Cola and Carlsberg have joined forces to back Dutch biochemical company Avantium, which is developing new plant-based biodegradable plastic bottles that will disintegrate in a year. Petrochemicals Enzymes Oil Chemicals

The new plastic-like material it has developed is made from corn, wheat, and beet sugars.

Avantium’s chief executive Tom Van Aken explained: “This biodegradable plastic has very attractive sustainability credentials because it uses no fossil fuels and can be recycled, but would also degrade in nature much faster than normal plastics do.”

Petrochemicals Enzymes Oil Chemicals

-Road ahead for recycled PET markets complicated by coronavirus-induced supply disruptions

Market analysts expect the cost of recycled PET will eventually start to gain parity with virgin, but recent low oil prices and issues with container redemption programs are complicating that outlook.

Recycled PET was already set to have a tough 2020 as more virgin resin came on the market at incredibly cheap prices, threatening the viability of recycled materials. And then came the pandemic.  Petrochemicals Enzymes Oil Chemicals

Now, slowed collection and processing of coveted food-grade plastics could cut back on the amount of the resin in the recycling system. And when life becomes more normal again, the market could flood with pent-up recycled PET.

Petrochemicals Enzymes Oil Chemicals

-Recycled Polyethylene Terephthalate Market 2020: Consumption, Trends, Growth, Types,Industrial Applications, Leading Companies & Forecast till 2026

Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Recycled Polyethylene Terephthalate market.

Trusted Business Insights presents an updated and Latest Study on Recycled Polyethylene Terephthalate Market 2019-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and deve The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Recycled Polyethylene Terephthalate market during the forecast period (2019-2029).  Petrochemicals Enzymes Oil Chemicals

It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.lopments of the market.

Petrochemicals Enzymes Oil Chemicals

-Kickstart: Key thoughts about the past, future for auto suppliers

Key thoughts about the past, future for auto suppliers

Just a couple of months after I started as a reporter for Plastics News, one of the first companies I wrote about was Key Plastics LLC, an injection molding auto supplier that entered Chapter 11 bankruptcy in March 2000.

Key’s route through the court system taught me a lot about all the twists and turns that can take place in the bankruptcy system.  Petrochemicals Enzymes Oil Chemicals

In a way, I’ve felt a special tie to those molding facilities that kept on turning out parts during the past 20 years, even as their corporate parent went through a range of changes.

Petrochemicals Enzymes Oil Chemicals

-Bringing in the new: Perrier and the Next Packaging Movement

Next Packaging Movement was launched this year by Perrier, part of Nestlé, to provide support to sustainable startups and promote a circular economy in plastics. Following the announcement, Victoria Hattersley spoke to Philippe Gallard, International Business Unit Director, about the scope of the project and the ethos behind it.

Earlier this year, Perrier put out a call for applications to sustainable packaging startups, designed to ‘expand efforts beyond the development of 100% recycled and recyclable packaging to support innovators and develop solutions that reimagine packaging from sources to end-of-life’. Applications were received from all over the world, from NGOs, startups and researchers, and the three winners were announced at the 2020 ChangeNOW summit in Paris.  Petrochemicals Enzymes Oil Chemicals

-Bringing in the new: Perrier and the Next Packaging Movement

-S Korea’s GS Caltex buys PX via Argus’ AOM platform

South Korea’s GS Caltex has purchased 5,000t of paraxylene (PX) from Hong Kong Yisheng Da Hua through the Argus Open Markets (AOM) platform. It is the first such transaction on the AOM, which Argus launched for the Asian PX market on 25 March.

The parcel that changed hands on the PX AOM platform today was concluded at $508/t cfr Taiwan/Ningbo/Dalian/Jiangyin for July delivery.

GS Caltex is a large PX producer and trader, with more than 1.3mn t/yr of capacity in Yosu.  Petrochemicals Enzymes Oil Chemicals

S Korea’s GS Caltex buys PX via Argus’ AOM platform

-Eurozone collapse eases as lockdowns lift

The unprecedented collapse in eurozone private sector growth seen in April as a result of the shutdown of non-essential business across most of the bloc eased slightly in May, but still remained deep in contraction territory, according to analyst data.

The composite eurozone purchasing managers’ index (PMI), covering manufacturing and service sector output growth – rebounded from the record low of 13.6 recording in April, to 30.5, as governments moved to gradually ease controls on populations and allow more of the economy to reopen.  Petrochemicals Enzymes Oil Chemicals

A PMI level of below 50.0 indicates contraction, and under more normal economic circumstances a PMI reading of below 45 would represent a dramatic contraction for a eurozone country.

Eurozone collapse eases as lockdowns lift

-SBP launches biomass standards review

Certification scheme the Sustainable Biomass Programme (SBP) launched its standards development process yesterday, in which working groups will review and “where necessary” revise the scheme’s requirements.

SBP-certified biomass accounted for a 61pc share of the EU-28 industrial wood pellet market, with 11.95mn t of biomass with SBP claims traded in 2019. There are now just over 270 SBP certificate holders, up from 210 at the end of 2019, SBP said.

As demand for SBP-certified biomass grows “we must be sure that our standards are fit for the future”, SBP chief technical officer Simon Armstrong said.Petrochemicals Enzymes Oil Chemicals

-SBP launches biomass standards review

-Japan April exports see biggest slump since 2009; chemical shipments fall 6.3%

Japan’s exports in April posted their sharpest decline since the global financial crisis of 2009, with chemical shipments down 6.3% year on year as external demand suffered ravages from the coronavirus pandemic.

Total exports of the world’s third-biggest economy shrank 21.9% year on year to yen (Y) 5.20tr ($48.3bn), while imports fell by 7.2% to Y6.13tr, according to data from Japan’s Ministry of Finance.  Petrochemicals Enzymes Oil Chemicals

The country posted a trade deficit of Y930.4bn in April.

Chemicals shipments in April totalled Y742.9bn. Plastic materials exports dipped 1.0% to Y211.6bn, with volumes down 9.6% year on year at 449,167 tonnes.

Japan April exports see biggest slump since 2009; chemical shipments fall 6.3%

Petrochemicals Enzymes Oil Chemicals

Petrochemicals Enzymes Crude Oil 21-05-2020

Petrochemicals Enzymes Crude Oil 21-05-2020

Petrochemicals Enzymes Crude Oil

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Gravimetric Feeder an ‘Industry First’ for Micro-Molding Sector

Designed for plastics processors in the growing micro-molding market, a gravimetric feeder described as an “industry first” by Ampacet enables accurate dosing down to the pellet level for medical, automotive, and electronics applications.

The patented ColorSave-Micro uses a single, vibratory, protected inner channel to eliminate exterior vibration and consistently deliver an accurate dose.

ColorSave-Micro can accurately dispense materials with let-down ratios (LDRs) as low as 0.1% to 0.3% for small-part production or to reduce material costs for extruded parts. Gravimetric weighing ensures consistent accuracy when compared with volumetric micro feeders.

Petrochemicals Enzymes Crude Oil

-Truetzschler offers My Mill platform for mill management

Truetzschler Group, a German textile machinery manufacturer, has announced that with the use of its all-in-one platform My Mill, mill managers can fulfil any individual information need about production, quality, maintenance or simply a complete overview. Mill managers can make informed, data-based decisions and generate quick wins as of day one.

Especially in times with Covid-19, the group reports it is essential to focus on the bottlenecks, stay operational and thus profitable.

My Mill enables spinning mills to generate profits faster, bundle resources, optimise processes and save costs. Petrochemicals Enzymes Crude Oil

Petrochemicals Enzymes Crude Oil

-Boxon wins PackTheFuture Award 2020

We are happy to announce that Boxon wins the PackTheFuture Award 2020 for the rPET Big Bag! The award is based on an initiative by ELIPSO, French association for plastic packaging and IK Industrievereinigung Kunststoffverpackungen e.V.

Out of a total of 58 submissions, Boxon’s rPET Big Bag, which is made from used PET bottles collected in Indonesia, receives the award the category “social benefit”.

The award is based on an initiative by ELIPSO, French association for plastic packaging and IK Industrievereinigung Kunststoffverpackungen e.V.

The aim of the competition is to focus on the innovative potential of plastic packaging across Europe.  Petrochemicals Enzymes Crude Oil

Petrochemicals Enzymes Crude Oil

-India’s proposed 15% ‘covid tax’ draws ire from chemical end-users

India is proposing to impose a 15% tax on all chemical and petrochemical imports, to protect the domestic industry in the current fiscal year ending March 2021 as the south Asian nation battles the coronavirus pandemic.

Downstream end-users, however, have posed strong opposition to the measure dubbed as “covid (coronavirus disease) tax” – which was supposed to take effect for 11 months from May 2020 – as this will translate to higher cost of production.

The proposed provisional duty would be applicable on all imports under India’s free trade agreements (FTAs) and would also cover both organic and inorganic chemicals, plastics, rubbers, man-made filaments and staple fibres. Petrochemicals Enzymes Crude Oil

Petrochemicals Enzymes Crude Oil

-Asia petrochemical markets track recent crude gains as demand picks up

Asia’s petrochemical markets are tracking recent gains in crude oil as demand has picked up as more economies are gradually re-opening from pandemic-induced lockdowns, but the overall outlook is still riddled with uncertainties.

Naphtha, which is the main feedstock for petrochemical production in Asia, was flat at around $289.25/tonne CFR (cost & freight) Japan, in line with range-bound crude markets on Wednesday noon, amid ample supply. Petrochemicals Enzymes Crude Oil

Brent crude was trading at above $34/bbl, while US crude was at around $32/bbl.

In the benzene market, recent crude-driven gains were being constrained to some degree by tight storage conditions in China, which caused storage fees to spike. Spot prices were unchanged at $389/tonne FOB (free on board) Korea at midday.

Petrochemicals Enzymes Crude Oil

-battenfeld-cincinnati chosen for high-speed production line for “Danish trays”

Staal og Plast A/S. is continuing to use battenfeld-cincinnati for the production of its ebb & flow trays for greenhouses hothouses.

To produce the up to 8 m long and 2.5 m wide semi-finished boards, battenfeld-cincinnati Germany, Bad Oeynhausen, installed an ultra-modern sheet extrusion line with throughput rates of up to 3,000 kg/h just under a year and a half ago.

The Danish company Staal og Plast supplies precisely this niche market with made-to-measure high-impact polystyrene (HIPS) trays. Petrochemicals Enzymes Crude Oil

-battenfeld-cincinnati chosen for high-speed production line for “Danish trays”

-DW relies on ISKO™ premium denim to develop its new collection

The two brands have been working together to develop unique concepts for FW2019 and SS2020 collection, starting from premium ISKO™ denim. Each garment is sartorially and carefully thought out to result in a beautiful product that is respectful of people and the planet.

May 19th, 2020 – Excellence is in the detail and DW knows it well. The Italian brand built its entire history around this notion, focusing, through the years, on high quality ingredients and handmade craftmanship to develop its collections.

From fabrics to stitching to accessories, every small element is carefully envisioned and developed to create garments that stand out in the market and are safe for the planet and its people. With cutting-edge technologies and forefront treatments being part of the process, the partnership with ISKO, leading denim ingredient brand, came naturally – the next step forward in a journey toward distinction. Petrochemicals Enzymes Crude Oil

-DW relies on ISKO™ premium denim to develop its new collection

-FreeForm Packaging AB develops high barrier solution

FreeForm packaging has launched a new, paper based, high barrier solution.

The high barrier has a thin layer that protects the packaging against oxygen transition and is environmentally friendly.

Up until now FreeForm Packaging has only been able to sell a non-barrier solution, but as a result of the new oxygen-impermeable packaging, they are also able to offer packaging with good OTR and WVTR values.

The FreeFormPack high barrier has a thin layer of EVOH, giving the packaging extra protection against oxygen transition from the outside and making it possible to pack products in a modified atmosphere.  Petrochemicals Enzymes Crude Oil

FreeForm Packaging AB develops high barrier solution

-Magnetic attraction of the Montex Coat from Monforts

Monforts reports increasing success with its latest fully integrated Montex Coat finishing lines.

A typical integrated Monforts coating line is automated from the inlet feed to the winder and includes weft straightening, the Montex Coat coating device, Montex TwinAir drying chambers, an Eco Booster heat recovery system and a cooling zone, with visual touchscreen control via the proven Qualitex system and full Teleservice access and as well as a new hand-held device. Petrochemicals Enzymes Crude Oil

A number of doctor blade options are available for the Montex Coat coating unit, including air knife, roller knife, magnetic roller and foam coating, in addition to screen printing. The company also provides fully explosion-proof lines for solvent-based coatings and for high-temperature processes up to 320°C, such as for PTFE sintering.

Magnetic attraction of the Montex Coat from Monforts

-Addmaster announces biggest ever pan-European plastics alliance

Addmaster (UK) has announced the company is expanding its partnership with the Ravago Group to include RESINEX, Europe’s biggest supplier of raw materials to the plastics industry.

The company says in addition to existing European distribution centres, our alliance with RESINEX will open new markets in France, Belgium, Netherlands, Ireland, Norway, Sweden, Denmark, Switzerland, Austria, Croatia, Poland, Czech Republic, Romania, Bulgaria, Greece and Serbia. Petrochemicals Enzymes Crude Oil

Addmaster announces biggest ever pan-European plastics alliance

Petrochemicals Enzymes Crude Oil

Petrochemicals Plastics Enzymes Events 20-05-2020

Petrochemicals Plastics Enzymes Events 20-05-2020

Petrochemicals Plastics Enzymes Events

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Azerbaijan in January-April exported PE and PP by almost USD60.5 million

Azerbaijan exported 80 thousand 553.38 tons of polymer products in the first four months of this year, the State Customs Committee (SCC) told Interfax-Azerbaijan Agency.

“In January – April 2020, the export of plastic and its products amounted to 80 thousand 553.38 tons to USD60 million 482.46 thousand, increasing by 18.9% compared to the same period last year in physical terms, and in cost – a decrease of 2.5%, “the State Customs Committee said.

At the same time, the share of these products in total exports during the reporting period amounted to 0.96%, in the structure of non-oil exports – 11.02%.

Petrochemicals Plastics Enzymes Events

-With accelerating textile industrial transfer, downstream market losing market share

For China’s textile and apparel industry, exports have always been a very important demand market, and the scale of the foreign trade market, as well as changes in structure, have also received much attention.

The export data, because the units of each category are different, they are often calculated by the value, but because the unit price of each category is obviously different, it can not fully correspond to the relationship between the quantities; In addition, it also involves exchange rate issues, and the results obtained also vary greatly calculated under US dollars and RMB basis.  Petrochemicals Plastics Enzymes Events

However, in order to actually feed back to the demand, a quantitative assessment is still required. In order to simplify the calculation, the following is temporarily calculated according to the below relationship: 1 piece (set) of apparel is converted into 2 meters of fabric, and the weight of 1 meter of fabric is 150 grams. The actual results are still different, but the magnitude and trend can be viewed roughly.

Petrochemicals Plastics Enzymes Events

-Bullish and bearish factors on Chinese cotton market

After May Day holiday (May 1-5), downstream product sales improve somewhat, and according to the conversation with our clients and spot cotton sales, downstream mindset indeed improves. Then, how about the status quo of the industry? What are the major influencing factors on cotton prices?

  1. Industrial situation

Downstream product sales turn slightly better after May Day holiday, with slight improvement of domestic end-user demand, modest replenishment from traders and some small export orders. In view of spot cotton market, when ZCE cotton futures market only declined slightly on May 12-14, trading sentiment was obviously better than that in Apr. Most mills replenished feedstock after digestion during the holiday, and a few mills replenished half a month or one month more feedstock. In grey fabric market sector, some weaving plants with large orders intend to increase the cotton yarn inventory. Currently, the cotton yarn inventory in weaving plants remains low, and if grey fabric plants replenish more cotton yarn inventory, mills may intend to purchase more cotton later, then, the overall industrial chain will have a good cycle. Petrochemicals Plastics Enzymes Events

Petrochemicals Plastics Enzymes Events

-INDORAMA VENTURES  DRIVING TOWARDS A CIRCULAR ECONOMY

SUSTAINABILITY REPORT EXECUTIVE SUMMARY

IVL’s Sustainability Strategy

  • Environment – Responsible Operations
  • Social – Empowerment Culture
  • Governance – Business Potential

Petrochemicals Plastics Enzymes Events

Petrochemicals Plastics Enzymes Events

-Starlinger rounds off portfolio with new circular loom RX 8.1

The RX circular loom series is produced at the Starlinger plant in Taicang/China specifically for the Southeast Asian market. This series is now extended with the RX 8.1, a circular loom that is particularly suited to the production of lightweight fabrics for 1-loop FIBCs, tarpaulins as well as geo- and agrotextiles made of PP, HDPE, and PET. In combination with the RX 6.0, RX 6.1, and RX 8.2, Starlinger Taicang now offers the ideal circular loom for every fabric width. Petrochemicals Plastics Enzymes Events

The new Starlinger circular loom RX 8.1 produces fabric with a width of 1,200 – 1,700 mm, which is an ideal match for 1-loop FIBCs, tarpaulin fabrics as well as geo- and agrotextiles. The model completes the RX series, which now covers every working width between 300 and 2,250 mm.

Petrochemicals Plastics Enzymes Events

-Eastman Applies Process Technologies to Increase Plastics Recycling Rates in the U.S.

The plastics recycling revolution is here. Technologies are being added that could lead to the almost total reuse of waste plastics in the U.S. in the next decade, a development that would radically change the types of plastics in use for most applications. These technologies include mechanical recycling, but also chemical recycling processes that break waste plastics down into their constituent monomers and molecules and reform them into virgin polymers. Petrochemicals Plastics Enzymes Events

This is the vision that Jayme Leita, director of circular economy integration for Eastman Chemical, offered in his ANTEC® 2020 keynote address on April 13.

In a presentation titled “Revolutionary Materials Right Now,” Leita noted that Eastman has commercialized a chemical recycling process called carbon renewal technology (CRT), which it installed on an existing cellulosic and acetal production stream in Tennessee.

Petrochemicals Plastics Enzymes Events

-Arburg and partners produce sterilisable face masks for employees, healthcare workers

Arburg GmbH & Co. is injection moulding liquid silicone rubber (LSR) and polypropylene masks for its employees worldwide and medical facilities near its headquarters in Lossburg.

The company says it has the capacity to produce 3,500 multifunctional high-tech masks per day to address the critical shortage of personal protection equipment caused by the COVID-19 pandemic. Petrochemicals Plastics Enzymes Events

Arburg officials describe the product as a soft LSR mask that is put over the nose and mouth and a firm PP shield with eyelets for attaching elastic bands. In the middle, there is a standardized connection with a hole. The opening is sealed with a flow gate, which will be fitted with a filter housing.

Petrochemicals Plastics Enzymes Events

-Toluene road to recovery far from clear in H2 2020

Operating rates to remain low amid ongoing coronavirus

Summer driving season could support toluene blending values

Global toluene supply and demand balances are expected to remain under pressure during the latter half of 2020 due to lower operating rates and reduced demand amid the ongoing coronavirus pandemic. Petrochemicals Plastics Enzymes Events

Weaker pricing in benzene and derivative styrene markets, as well as soft paraxylene prices, dented chemical demand for toluene during much of the first half of the year. However, while weaker aromatics pricing is expected to persist in the second half, demand for higher-octane toluene in summer and lower product availability due to refinery run cuts may give some upside to the market.

Toluene road to recovery far from clear in H2 2020

-MultiPet opts for Sesotec’s technology

PET recycler MultiPet GmbH, which, since 2017, has been part of environmental service provider Veolia,  produces PET flakes from waste PET bottles and trays for the plastics processing industry.

The company’s recycled PET product is suitable for a variety of applications, ranging from fibres for nonwoven applications, beverage, detergent and other bottles, packaging and strapping sheets.

MultiPet and its sister company Multiport, a producer of recycled HDPE compounds, operate as one company with two complementary core business activities. Both are considered important suppliers of secondary raw materials for the plastics processing industry. Petrochemicals Plastics Enzymes Events

Increasingly, too, the industry is depending on high-quality recyclate from trusted suppliers in order to be able to comply with the targets for recycled content in packaging.

MultiPet opts for Sesotec’s technology

-B.Bigler AG appointed as RadiciGroup distributor for Germany

A partnership to offer quality and flexibility to German customers

RadiciGroup High Performance Polymers announces a reorganization of its sales network in Germany: starting on 18th May 2020 B.Bigler AG is appointed as the distributor for the German market for a wide product range including  RADILON®, HERAMID®, RADIFLAM®, RADISTRONG®, RADITER®, HERAFLEX®, TORZEN® and RADITECK®.

«Our Group – said Rolf Behringer, Sales Manager DACH of RadiciGroup High Performance Polymers – is taking one more step to strengthen its long-term presence in the German market partnering with an important and reliable company such as B.Bigler AG. Since long we have been cooperating with B.Bigler AG in Switzerland and now we are confident that, together with our sales team, we will be able to offer the highest level of quality and flexibility to our German customers».  Petrochemicals Plastics Enzymes Events

Petrochemicals Plastics Enzymes Events

Petrochemicals Polymers Enzymes Events 19-05-2020

Petrochemicals Polymers Enzymes Events 19-05-2020

Petrochemicals Polymers Enzymes Events

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Nova Chemicals and Enerkem Collaborate to Close Loop on Plastics Recycling

Two Canadian companies are collaborating to close the loop on recycling and further a circular plastics economy.

Nova Chemicals Corp., a producer of chemicals and plastic resins based in Calgary, and Enerkem Inc., a global waste-to-renewable fuels and chemicals producer with headquarters in Montréal, 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.

“This joint development agreement aims to address one of the primary gaps of the circular economy and efficiently produce ethylene from recycled plastic content,” said Sarah Marshall, Director of Sustainability, Nova Chemicals, in response to questions from PlasticsToday.

Petrochemicals Polymers Enzymes Events

-How India made corona test swab price cheaper by 90%

Reliance provided the raw material and Johnson & Johnson India provided pro bono scientific expertise

The two companies readily agreed to take the project on a mission mode with no commercial considerations

As COVID-19 pandemic spread quickly, India faced twin challenge – short supply of testing swabs and those imported from China at a steep price of ₹17 per stick were proving to be inferior. A solution was fixed in 10-days combining the expertise of Johnson & Johnson of manufacturing a similar product in earbuds, and Reliance Industries providing custom-made polyester staple fiber that resulted in the cost of swabs coming down to just ₹1.7 per unit. Petrochemicals Polymers Enzymes Events

Petrochemicals Polymers Enzymes Events

-The end of plastic bottles? Coca-Cola and Carlsberg back new all-plant drinks containers that will rot away to nothing within a year

Dutch biochemical company Avantium are developing a new plant-plastic

The material would form a protective, recyclable layer inside a cardboard bottle

Avantium hopes to have their new drinks containers on shelves by 2023

Drinks giants Coca-Cola and Carlsberg have backed a project aiming to replace drinks containers with an all-plant material that completely decomposes within one year.

The beverage companies see the future of their drinks packaging moving away from plastics and see the Plastic Bottle Project as a promising solution. Petrochemicals Polymers Enzymes Events

Petrochemicals Polymers Enzymes Events

-Jeju to Promote PET Bottle Recycling Project

Jeju Special Self-Governing Province signed an agreement with the Ministry of Environment, Jeju Province Development Corporation, Hyosung TNC, and Pleatsmama that regenerates discarded transparent plastic bottles into high-quality recycled products in order to promote the recycling of local resources.

This is a one-stop agreement between all the agents of the process, from the discharge of plastic bottles to the final consumer, in connection with the pilot transparent plastic bottle recycling project that has been in effect since March.

It will upcycle the discharged and collected bottles at recycling centers in Jeju to produce bags and clothes.  Petrochemicals Polymers Enzymes Events

Petrochemicals Polymers Enzymes Events

-Covid-19: US crude oil contract to expire soon due to negative pricing

The extent of the damage that the coronavirus pandemic had inflicted on the oil industry came into focus on April 20, when the US benchmark WTI contract plunged to minus $38 a barrel.

A month after sellers had to pay nearly $40 a barrel to get rid of US oil futures, the next watershed moment looms with the expiry of the June contract on Tuesday – and so far there is little sign of a repeat of the historic plunge.

The extent of the damage that the coronavirus pandemic had inflicted on the oil industry came into focus on April 20, when the US benchmark WTI contract plunged to minus $38 a barrel.  Petrochemicals Polymers Enzymes Events

-Covid-19: US crude oil contract to expire soon due to negative pricing

-Japan economy falls into recession; Q1 GDP contracts 3.4% year on year

Japan has slipped into a recession with another quarter of GDP contraction as the coronavirus pandemic continues wreaking havoc on the world’s third-biggest economy.

It posted an annualized GDP contraction of 3.4% in the first quarter of 2020, preliminary government data showed, following on from a revised steeper contraction of 7.3% in October-December 2019.

On a quarter-on-quarter seasonally adjusted basis, the decline was 0.9% from a 1.9% contraction in the December 2019 quarter, which was hit by a two-percentage point hike in consumption tax.  Petrochemicals Polymers Enzymes Events

Japan has declared a state of emergency in April this year to contain the spread of the deadly coronavirus outbreak, which started in China late last year.

Petrochemicals Polymers Enzymes Events

-US shale sector looks to recovery

Rising forward prices have led some US shale operators to consider slowly raising output again later this year, after steep shut-ins for May-June.

US production will have fallen by nearly 1.6mn b/d over the course of the second quarter, the EIA projects in its latest monthly Short-Term Energy Outlook (see graph). Developers have rapidly cut spending and idled rigs in the face of huge demand declines and a crude price collapse since March. Petrochemicals Polymers Enzymes Events

Many upstream independents have withdrawn their production guidance for this year because of the uncertain macroeconomic recovery outlook.

US shale sector looks to recovery

-Siegwerk and APK AG succeed at de-inking of plastic film-recyclate

Siegwerk, one of the world’s leading providers of printing inks for packaging applications and labels, and APK AG, a specialist in the production of high-quality plastic recyclate from packaging waste, successfully completed de-inking trials of twofold printed LDPE-films. The strategic cooperation of the two companies, which started in October 2019, contributes its first ground breaking insights to facilitating the efficient recycling of flexible packaging applications. Petrochemicals Polymers Enzymes Events

‘Design for recycling – ideally enabling product to product recycling – is crucial to closing the loop for flexible packaging. For Siegwerk this means providing innovative printing inks and lacquers, which facilitate high-quality recycling – for example by allowing easy de-inking while keeping full performance during the use phase‘, says Alina Marm, Head of Circular Economy Hub at Siegwerk.

Siegwerk and APK AG succeed at de-inking of plastic film-recyclate

-Octal Bolsters Oman’s Manufacturing Industry as It Expands Pet Resin Business

Continuing on its remarkable growth trajectory, OCTAL, the world’s leading supplier of clear rigid packaging materials, is enjoying impressive success in its PET resin business, reporting an increase of 500 new customers globally in the last three years.

Now a major supplier to most international brands, and with the highest market share in the Middle East / GCC Region, the Salalah-based manufacturer has quickly become a formidable force, continuing to position the Sultanate as a hub for the global PET industry.

“We are committed to creating long-term value for Oman that extends beyond diversification,” said Prashant Boloor, Senior Sales Director – PET Resin at OCTAL.

Petrochemicals Polymers Enzymes Events

Octal Bolsters Oman’s Manufacturing Industry as It Expands Pet Resin Business

Petrochemicals Polymers Enzymes Events

Petrochemicals Plastic Enzymes Events 18-05-2020

Polyolefin Market : Global Outlook and Forecast 2020-2027

Petrochemical Polymers Chemical CPL Trend

Petrochemical Polymers Chemical CPL

Petrochemical Polymers Chemical CPL

Polyestertime
ITEM11/05/202018/05/2020+/-
Bottle grade PET chips domestic market5,400 yuan/ton5,500 yuan/ton+100
Bottle grade PET chips export market670 $/ton675 $/ton+5
Filament grade Semidull chips domestic market

Petrochemical Polymers Chemical CPL

4,550 yuan/ton4,600 yuan/ton+50
Filament grade Bright chips domestic market4,650 yuan/ton4,700 yuan/ton+50
Pure Terephthalic Acid PTA domestic market3,300 yuan/ton3,455 yuan/ton+155
Pure Terephthalic Acid PTA export market
410 $/ton425 $/ton+15
Monoethyleneglycol MEG domestic market3,460 yuan/ton3,525 yuan/ton+65
Monoethyleneglycol MEG export market400 $/ton420 $/ton-+20
Paraxylene PX FOB  Taiwan market490 $/ton485 $/ton-5
Paraxylene PX FOB  Korea market472 $/ton467 $/ton-5
Paraxylene PX FOB EU market

Petrochemical Polymers Chemical CPL

374 $/ton390 $/ton+16
Polyester filament POY 150D/48F domestic market5,330 yuan/ton5,255 yuan/ton
-75
Recycled Polyester filament POY  domestic market5,450 yuan/ton5,350 yuan/ton-100
Polyester filament DTY 150D/48 F domestic market7,000 yuan/ton6,900 yuan/ton-100
Polyester filament FDY 68D24F domestic market 6,600 yuan/ton6,650 yuan/ton+50
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers Chemical CPL
5,930 yuan/ton5,950 yuan/ton+20
Polyester staple fiber 1.4D 38mm domestic market5,780 yuan/ton5,850 yuan/ton+70
Caprolactam CPL domestic market9,850 yuan/ton9,850 yuan/ton
Caprolactam CPL overseas  market1,000 $/ton1,030 $/ton+30
Nylon6 chips overseas  market1,230 $/ton1,300 $/ton+70
Nylon6 chips conventional spinning domestic  market10,700 yuan/ton10,600 yuan/ton-100
Nylon6 chips  high speed spinning domestic  market10,600 yuan/ton10,700 yuan/ton+100
Nylon 6.6 chips domestic  market17,800 yuan/ton17,800 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers Chemical CPL

12,600 yuan/ton13,000 yuan/ton+400
Nylon6 Filament DTY 70D/24F domestic  market15,500 yuan/ton16,100 yuan/ton+600
Nylon6 Filament FDY  70D/24F  domestic  market13,400 yuan/ton13,800 yuan/ton+400
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,000 yuan/ton29,000 yuan/ton
Adipic Acid domestic market6,100 yuan/ton6,100 yuan/ton
Benzene domestic market3,400 yuan/ton3,500 yuan/ton+100
Benzene overseas  market365 $/ton379 $/ton
+14
Ethylene South East market435 $/ton505 $/ton+70
Ethylene NWE  market281 $/ton441 $/ton+3
Acrylonitrile ACN  domestic market7,000 yuan/ton7,100 yuan/ton+100
Acrylonitrile ACN  overseas market900 $/ton900 $/ton
Acrylic staple fiber ASF  domestic market11,100 yuan/ton11,100 yuan/ton
Viscose Staple Fiber VSF  domestic market8,500 yuan/ton8,800 yuan/ton+300
PP Powder domestic market7,200 yuan/ton7,300 yuan/ton+100
Naphtha overseas market 

Petrochemical Polymers Chemical CPL

248 $/ton253 $/ton
+5
Phenol domestic market 6,912 yuan/ton6,900 yuan/ton-12
PS Taiwan 5250 GPPS940 $/ton 950 $/ton+10
PS Taiwan 8250 HIPS1,050 $/ton 1,070 $/ton+20
LDPE CFR Far East 792 $/ton822 $/ton+30
LLDPE CFR Far East702 $/ton732 $/ton+30
LDPE   FOB Middle East784 $/ton814 $/ton+30
LLDPE FOB Middle East694 $/ton724 $/ton+30
HDPE CFR Far East694 $/ton803724 $/ton+30
LDPE FD Northwest Europe 833 €/ton803 €/ton--30
LLDPE FD Northwest Europe 823 €/ton783 €/ton-40
Homopolymer PP CFR Far East790 $/ton800 $/ton+10
Homopolymer PP FD NWE807 €/ton801 €/ton-6

Petrochemical Polymers Chemical CPL

Petrochemicals Plastic Enzymes Events 18-05-2020

Petrochemicals Plastic Enzymes Events

Petrochemical Polymers Chemical CPL Trend

Petrochemicals Plastic Enzymes Events

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-COVID-19 drives commodity resin prices down in April

The impact of COVID-19 was felt in North American commodity resin markets in April, with most materials seeing prices decline.

Economic activity across the region has plummeted as nonessential businesses closed and consumers stayed home as much as possible to prevent the spread of the virus. Major job cuts across many industries also have dampened consumer spending.

On April 29, the U.S. Bureau of Economic Analysis reported that gross domestic product decreased by 4.8 percent in the first quarter. As of May 5, more than 260,000 people have died from COVID-19 around the world.

Petrochemicals Plastic Enzymes Events

-Petrobras Sees No Need to Cut Oil Production

Brazil’s state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America’s largest economy.

On a Friday earnings call with analysts, executives credited the company’s strong relationship with independent refineries in China’s Shandong Province, known as “teapots,”‘ for allowing Petrobras to export a record amount of crude in recent months, even as some economies are effectively shut.

Storage capacity for crude oil and gasoline is not proving to be an issue, they added.

Petrochemicals Plastic Enzymes Events

-EU plastics industry calls for help

The EU plastics industry has said it is being buffeted by the Covid-19 pandemic, and has appealed for help from the European Commission.

Industry group Plastics Recyclers Europe (PRE) said the pandemic could render recycling unprofitable and hamper attainment of the EU recycling targets. It said converting plants have closed, virgin plastics prices are low and activity has fallen globally, and it called for the EU and member states to include recycling as a sector supported by recovery plans.

“If the situation is to persist and no actions are taken to remedy the sector, plastics recycling will cease to be profitable, hampering the attainment of the EU recycling targets and putting in jeopardy the transition towards circular plastics,” said PRE president Ton Emans.

Petrochemicals Plastic Enzymes Events

-China’s Chambroad Petchem to invest in new PP units

China’s Chambroad Petrochemical is planning to build two 600,000 t/yr polypropylene (PP) units as part of a 5.17bn yuan ($728mn) propylene plant with 2.04mn t/yr of raw material processing capacity.

The plant, located in the Boxing Chemical Industrial Park at Binzhou in Shandong, will use US engineering firm KBR’s K-COT technology. It is under construction and is expected to start up at end of 2021 or early 2022.

The project will utilise the firm’s existing liquefied gas, petroleum gas, residual oil, various types of diesel and other resources for processing and utilisation. The firm is also known as Shandong Jingbo Petrochemical.

Petrochemicals Plastic Enzymes Events

Italy : For Aquafil quarterly down, but contained
Trento. The drop in consumption due to Covid weighs (but only moderately) on Aquafil’s quarterly report. Revenues for the first quarter of 2020 amounted to € 140.7 million, recording a reduction of 3.2% (€ 4.6 million) towards the same period of the previous year.

Revenues from Econyl brand products in the first quarter of 2020 decreased by 1.9% in absolute value compared to the previous year but increased their percentage on fiber sales which rose to 37.9%.

More specifically, the carpet fiber line recorded a 4.4% reduction; that of fibers for clothing registers a reduction of 5.0% and the Polimeri line registers a reduction of 17.2%.
EBITDA at March 31, 2020 stood at 18.2 million with a reduction of 4.7%, while the net result was positive for 4.1 million with a decrease of 47.0%.

Giulio Bonazzi, president and CEO, comments: «We have always operated without interruptions and in maximum safety in all the group’s plants, in Italy and in other countries.

Covid had a limited impact in the first quarter but unfortunately it is so far having one more important in the second ».

Italy : For Aquafil quarterly down, but contained

-Covid-19’s economic impact could hit $8.8 trillion: ADB

Covid-19 could usher in global losses of up to $8.8 trillion, as the Asian Development Bank (ADB) more than doubles its forecast economic impact from the pandemic.

The ADB’s updated assessment from its Asian Development Outlook (ADO) 2020 in early April said the global economy could suffer $5.8 trillion-8.8 trillion in losses, which is equivalent to 6.4-9.7pc of global gross domestic product. The ADO had forecast Covid-19’s global cost to range from $2 trillion-4.1 trillion.

Economic losses in Asia-Pacific range from $1.7 trillion under a short containment scenario of three months to $2.5 trillion under a long containment scenario of six months, with the region accounting for about 30pc of the overall slump in global output. China, the global driver of energy demand in recent years, could suffer losses of $1.1 trillion-1.6 trillion.

Covid-19’s economic impact could hit $8.8 trillion: ADB Covid-19 could usher in global losses of up to $8.8 trillion, as the

-Workers busy at melt-blown nonwoven fabric workshop in Henan

Workers are busy at the melt-blown nonwoven fabric workshop at the China Pingmei Shenma Group in Pingdingshan City, central China’s Henan Province, May 14, 2020.

In order to expand the production capacity of melt-blown nonwoven fabric, a key material for masks, the China Pingmei Shenma Group has accordingly established a production line and officially put it into operation on May 1.

The company now produces 4 to 5 tonnes of melt-blown nonwoven fabric, which can be used for making more than four million medical masks. (Xinhua/Hao Yuan)

Workers busy at melt-blown nonwoven fabric workshop in Henan

-PolyOne introduces new additive to support increased face mask production

MagIQ Non-Woven Electret Plus improves the dielectric properties in face masks, extending filtration efficiency and the length of time masks will hold a charge.

Material supplier PolyOne Corp. has launched a new functional additive for protective face masks as part of its Fiber Solutions portfolio.

Called “MagIQ Non-Woven Electret Plus”, the material is designed to improve the dielectric properties in face masks, extending filtration efficiency, and the length of time masks will hold a charge.

“The COVID-19 pandemic is causing a need for greater numbers of N95 respirators and surgical masks than ever before, resulting in a global shortage that stands at unprecedented levels,” company officials said.

PolyOne introduces new additive to support increased face mask production

-SPE scrambles to pull off Virtual Antec 2020

This praise for the Society of Plastics Engineers is overdue, and it’s taking a different angle than what we originally planned.

Let’s put it in historical context. Remember March 2020? It was just two months ago, but it seems like another era.

Back in early March, just a few days after our Plastics News Executive Forum, the coronavirus pandemic started to disrupt the events business.

On a daily basis, we were publishing news about trade shows, conferences and open houses that were either being canceled or rescheduled.

SPE scrambles to pull off Virtual Antec 2020

-China’s declining credibility in world market, a golden opportunity for Indian textile industry

As the textile industry is witnessing a steep downturn globally due to adverse economic impact of COVID-19, the Indian textile industry while fearing to lose out on the orders from the buyers is also seeing an opportunity to get a boost as the businesses have started diverting from China amid the corona crisis.

When asked about the prospects of Indian textile industry, Nikhil Thukral, Director, Maharana of India, told that as an ‘anti-China’ wave is being seen after the spread of coronavirus, the businesses are diverting, which is a good opportunity for the Indian market.

China’s declining credibility in world market, a golden opportunity for Indian textile industry

Petrochemicals Plastic Enzymes Events

 

Petrochemicals Thermoplastic Enzymes 16-05-2020

Petrochemicals Thermoplastic Enzymes 16-05-2020

Petrochemicals Thermoplastic Enzymes

-Indorama Ventures Reports 2020 First Quarter Results

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its first quarter 2020 financial results as follows.

1Q 2020 Performance Summary

IVL registered Revenue growth of 15% during first quarter 2020 over fourth quarter 2019 and negative 3% year-on-year, including integration of newly acquired assets from Huntsman. COVID-19 global pandemic, as well as the historical collapse in the crude oil price, had a muted impact on IVL’s underlying business and operations.

IVL achieved a core EBITDA of US$304M (THB9.5B) and an operating cash flow of US$340M (THB10.6B), an increase of 51% and 28% quarter on quarter driven by combination of volume and margins growth in our three business verticals of Combined PET, Integrated Oxides & Derivatives as well as Fibers.

Petrochemicals Thermoplastic Enzymes

-Plastic in the pandemic: how the industry affects Alberta

As demand for plastic surges amid the COVID-19 pandemic, Alberta-based petrochemical producers are moving to increase their recycling capacity while environmental groups call for reduced plastic use.Petrochemicals Thermoplastic Enzymes

Food packaging, carry-out groceries and wraparound personal protective equipment worn by medical professionals have become more commonplace as part of efforts to keep those items sanitized.

Nova Chemicals, headquartered in Calgary but owned by a sovereign wealth fund in the United Arab Emirates, produce materials that become these types of plastics.

Petrochemicals Thermoplastic Enzymes

-Indian polymers demand recovers, imports remain weak

Demand for polymers in India has seen a slight recovery, a week after the easing of restrictions on industrial operations to curb the Covid-19 pandemic.

The Indian government allowed non-essential businesses and operations to resume on 4 May but is maintaining a nationwide lockdown up to 17 May. The country’s lockdown began on 25 March. Operating rates of plastic converters rose to around 20-30pc this week, which prompted demand for raw polymers. Petrochemicals Thermoplastic Enzymes

But it remains to be seen if the increase in polymers’ demand is sustainable because of weaker demand for finished polymers goods in industries such as the auto, household and construction sectors. A severe labour shortage across India because of transport and movement restrictions may also constrain operations of plastic conversion plants.

Petrochemicals Thermoplastic Enzymes

-Italy’s postponed virgin plastic tax to be implemented in January 2021

Italy’s proposed €0.45/kilo (€450/tonne) tax on all virgin plastics has been postponed until 1 January 2021, the government confirmed this week.

The tax, initially due to come into effect on 1 July 2020, was pushed back due to the coronavirus pandemic.

The tax will impact all single use items with the exception of those produced from recycled plastics or compostable bioplastics. Petrochemicals Thermoplastic Enzymes

Initial reaction to the tax from the plastics industry in the country was mixed, but the postponement of the tax, which was announced in April, was welcomed by the industry.

However, given the current spread between prices in the virgin polyethylene terephthalate (PET) and recycled PET (R-PET) markets, the tax may do little to encourage the use of more recycled content.

Petrochemicals Thermoplastic Enzymes

-Europe plasticizers players unable to forecast amid poor demand, volatile market

European plasticizers players remain in the dark about future developments and describe complexities in a fragile market, with conditions open to change each day.

– Approaches to lifting restrictions vary

– Different levels of demand depending on application

– Spot prices under pressure

The complexities between different countries and customers and applications are making business decisions increasingly challenging for plasticizers players.

“Even though we have restarted, production is still very difficult and only two to three days per week,” one customer said of its French site. Petrochemicals Thermoplastic Enzymes

“We are still reducing stocks and we are completely in the dark [for Q3], and it is too early to make a forecast,” another consumer who has sites in various locations across Europe said.

Petrochemicals Thermoplastic Enzymes

-ML Polyolefins to launch its offer with PCR recyclates

ML Polyolefins, a producer of PP recyclates, is launching a new product portfolio adapting its offer to the expectations of all customers and grouping its materials by processing method.

Representatives of the company decided to expand the current profile of activity dominated by the offer of original plastics and PIR (Post Industrial Recycled). PCR (Post Consumer Recycled) was included to the new portfolio. Because of regulations imposed by the European Union, they are gaining more and more popularity.

In the coming weeks, the company will announce the premiere of a full, extended offer. It is already known that the high quality black regranulate will have several varieties. The producer introduces raw materials with different MFI, which will make them available for more opportunities of usage. Petrochemicals Thermoplastic Enzymes

ML Polyolefins to launch its offer with PCR recyclates

-Borealis announces solid performance in first quarter of 2020 despite looming impact of covid-19 falling oil prices

Borealis announces a net profit of €151 million (approximately £133.8 million) for the first quarter of 2020, compared to €200 million (approximately £176.9 million) in the same quarter of 2019. Petrochemicals Thermoplastic Enzymes

The contribution from Borouge in the first quarter of 2020 deteriorated versus the same period in 2019, as an already low polyolefin price environment in Asia was further impacted by the coronavirus pandemic and falling oil prices.

Borealis announces solid performance in first quarter of 2020 despite looming impact of covid-19 falling oil prices

-TOMRA continues its drive to create a plastics circular economy

Plastic is one of the world’s most useful materials, but at present, it is being grossly mismanaged. By closing the plastics loop, manufacturers can ensure the resource is responsibly recycled and reused   Petrochemicals Thermoplastic Enzymes

An increase in consumer demand, pledges from high-profile companies and new legislation around the use of recycled materials highlight how steps are being made in the right direction when it comes to sustainably using the planet’s resources.

At the heart of behavioural changes and new policies is the need to create a circular economy – one that ensures plastics are handled as efficiently and sustainably as possible. Plastic needs to be kept in a closed loop throughout its life cycle, from production to retail; from the consumer to collection for recycling.

TOMRA continues its drive to create a plastics circular economy

-A European Strategy for Plastics in a Circular Economy COM/2018/028

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS   Petrochemicals Thermoplastic Enzymes

Waste generation in Europe 

Waste recycling

Waste generation

A European Strategy for Plastics in a Circular Economy COM/2018/028

Petrochemicals Thermoplastic Enzymes

Petrochemicals Antibacterial Enzymes 15-05-2020

Petrochemicals Antibacterial Enzymes 15-05-2020

Petrochemicals Antibacterial Enzymes

Crude Oil Prices Trend

Crude Oil Prices Trend  Polyestertime

-BIOPLASTICS AND GREEN COMPOSITES FROM RENEWABLE  

RESOURCES: WHERE WE ARE AND FUTURE DIRECTIONS!

Introduction 

The sky rocketing price of petroleum along with its  dwindling nature coupled with climate change concern and continued population growth have drawn the urgency for the plastic industries in

adapting towards sustainability. The government’s push for green products, consumers’ desire and energy conservation are some of the key factors that drive research towards the development of

renewable resource-based polymeric biomaterials.

The use of bio- or renewable carbon unlike petro-carbon for manufacturing bioplastics and biobased materials is moving forward for a reduced carbon footprint.

The goal is to use biobased materials containing the maximum possible amount of renewable biomass-based derivatives to have a sustainable future.

Search for potential biobased alternatives from energy to plastics and their viability for real world uses is directed towards our reduced dependency on petroleum .

The incorporation of bio-resources, e.g. crop-derived green plastics and plant derived natural fibres into composite structures are gaining prime importance in designing and engineering of green composites.

Petrochemicals Antibacterial Enzymes

-Technology Extending Lifecycle of Reusable PET Bottles Up for Prestigious German Award

What does it take to earn a spot in the winner’s circle of the circular plastics economy? According to IKV — the Institute for Plastics Processing at RWTH Aachen University in Aachen, Germany — a key attribute is that the product should retain its value as long as possible throughout its lifecycle. Petrochemicals Antibacterial Enzymes

Reusable PET bottles are a good example: After use, they can be washed with caustic soda solution and refilled. Compared to glass, however, PET is not gas-tight, which significantly reduces the shelf life of juices or carbonated beverages such as soft drinks or beer. Despite its many ecological advantages, the reusable PET content in fruit-juice packaging in Germany was no higher than 0.5% in 2018. This disadvantage of PET bottles can be reversed by applying a silicon oxide (SiOx) barrier coating via plasma technology.

Petrochemicals Antibacterial Enzymes

-Europe naphtha prices rebound on Asia demand pull, crude but glut looms large

European naphtha spot prices have revived from April lows on the back of improving crude oil futures, falling refinery run rates, certain demand pull from Asia, and feedstock economics favouring consumption rates at crackers.

However, price downward pressure persists as deals are being concluded at double-digit discounts for early June deliveries amid ongoing supply glut and limited demand.

That pressure was felt on Monday, with spot prices closing at $208/tonne CIF (cost, insurance, freight) NWE (northwest Europe) for H1 June deliveries, down from last week’s close at $214-215/tonne CIF NWE. Petrochemicals Antibacterial Enzymes

Petrochemicals Antibacterial Enzymes

PX-naphtha spread approaching previous lows

Since late Apr, the coronavirus pandemic has been getting tamed. International crude oil price rises significantly amid easing of lockdowns globally, expectation of economy re-opening, coupled with implementation of production cuts practiced by OPEC and its allies. As of May 13, WTI crude oil futures soared to $25.29/bbl and Brent futures rose to $29.19/bbl from previous lows (the rollover from May to Jun contracts for crude oil also contributed to the price rise). However, naphtha price lagged behind, and that of PX advanced even more slowly than its feedstock. Petrochemicals Antibacterial Enzymes

As a result, the spread of PX to naphtha and MX was crunched to a low level, at around $235/mt and $60/mt respectively as of May 13, approaching the low points seen in late 2019 (PX-naphtha spread around $222/mt in the end of Nov 2019). The biggest constrain weighing on PX price is the fast-rising inventory since the first quarter of 2020.

Petrochemicals Antibacterial Enzymes

-MEGlobal raises June MEG prices by USD10 per ton

MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), has nominated the June MEG contract price for Asia at USD570 per tonne, which is USD10 per tonne higher than in May, the company said. .

The price was announced on terms of delivery CFR Asia. The company lowered MEG prices amid falling spot prices in the market. Petrochemicals Antibacterial Enzymes

The price increase followed the recent MEG price increase in early May amid replenishment of stocks after prices fell to historic lows after the 2008 global financial crisis.

Petrochemicals Antibacterial Enzymes

-Is EIA Data Disguising A Disastrous Decline In U.S. Shale?

The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is “stability” in the oil market, and that economic activity will “explode” on the other side of the pandemic.

Thanks to the leadership of President @realDonaldTrump, the transition to greatness is well underway, and our economy along with our U.S. energy companies are going to see massive gains on the other side of this pandemic. Petrochemicals Antibacterial Enzymes

Is EIA Data Disguising A Disastrous Decline In U.S. Shale?

-Coronavirus, oil price crash – impact on chemicals

Crude oil markets are showing “early signs of rebalancing” as output cuts by OPEC+ countries kick in and some economies move to reopen, the executive director at the International Energy Agency (IEA) said on Thursday.

Some petrochemicals end markets like those for medical equipment and disinfectants have staged a revival during the coronavirus pandemic, a trend that is likely to stay in the long term, said Fatih Birol.

In European recycled polyethylene terephthalate (R-PET) markets there is on-going price pressure from virgin PET. Demand dynamics are becoming more regional. Many companies are sticking to sustainability goals despite the coronavirs pandemic.

On this topic page we analyse the impact of coronavirus and the oil price collapse on chemical markets and bring together the latest news reported by ICIS. To visit the ICIS energy markets topic page, click here.  Petrochemicals Antibacterial Enzymes

Coronavirus, oil price crash - impact on chemicals

-US Q2 industrial ethanol contracts rise on booming demand, short supply

US Q2 industrial ethanol contract prices were assessed at a increase on Wednesday, amid booming demand and short supply.

ICIS assessed the Q2 200-proof industrial ethanol contract price at $4.20-4.80/gal FOB (free on board) US Gulf Coast (USG), and the Q2 190-proof industrial ethanol contract at $4.00-4.60/gal FOB USG.  Petrochemicals Antibacterial Enzymes

US Q2 industrial ethanol contracts rise on booming demand, short supply

-Stockland : Whiteman Edge introduces recycled roads

Saving litter from landfill with every kilometre

Whiteman Edge will be Stockland’s first community in Australia to trial a new recycled asphalt pavement that will help divert hundreds of thousands of plastic bags, glass bottles, and printer toners from landfill.

The innovative product contains 30% recycled asphalt, which diverts up to 500,000 plastic bags and packaging equivalents, 165,000 glass bottles equivalents, and 12,000 printer toners from landfill for every one kilometre of a two-lane Reconophalt road.

The new Downer Reconophalt product will be used to build roads for Whiteman Edge’s new stages, 31 and 32 and is a collaboration with the City of Swan.

Stockland General Manager WA Residential Col Dutton said the trial of Downer’s Reconophalt product at Whiteman Edge is part of Stockland’s long-term, national sustainability strategy. Petrochemicals Antibacterial Enzymes

Stockland : Whiteman Edge introduces recycled roads

-Now it’s your turn: Saudi Arabia urges other oil producers to join output cuts

Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak discussed oil market developments

OPEC and its allies agreed last month to reduce output by 9.7 million bpd for May and June, a record production cut

DUBAI: Saudi Arabia and Russia on Wednesday pledged to rebalance the global oil market and urged other producers to join them in mitigating the effects of the coronavirus pandemic on energy demand. Petrochemicals Antibacterial Enzymes

The two leading oil countries’ energy ministers, Prince Abdul Aziz bin Salman and Alexander Novak, issued a joint statement commending “the efforts of responsible producers around the world who had willingly adjusted their production out of a sense of shared responsibility.”

-Now it’s your turn: Saudi Arabia urges other oil producers to join output cuts

Petrochemicals Antibacterial Enzymes

Petrochemicals Biobased PEF Enzymes 14-05-2020

 

Petrochemicals Biobased PEF Enzymes 14-05-2020

Petrochemicals Biobased PEF Enzymes

Crude Oil Prices Trend

Crude Oil Prices Trend  Polyestertime

-Freudenberg completes Low & Bonar acquisition

The global technology group Freudenberg has completed its acquisition of London headquartered Low & Bonar PLC by buying 100% of its shares. Freudenberg submitted an offer for the company in September 2019, which was shareholder approved in November 2019, and the European Commission authorized the merger on 17 April. The technical textiles manufacturer will be delisted from the London Stock Exchange on 13 May and will be integrated in the Freudenberg Performance Materials Business Group.

“Freudenberg strengthens its performance materials business, and with Low & Bonar’s innovative technology it can further expand its technological know-how,” says Dr. Mohsen Sohi, Freudenberg Group CEO.

Petrochemicals Biobased PEF Enzymes

-What’s in a headline? The challenge of reporting on packaging waste

The ways in which the media has covered the plastics debate have sometimes clouded consumer perceptions, to put it mildly. Victoria Hattersley spoke to Libby Peake, head of resource policy at the independent Green Alliance think tank, about its study on the grocery sector’s response to the packaging waste problem, published earlier this year, and the response it has generated. Petrochemicals Biobased PEF Enzymes

As part of its work for the Circular Economy Task Force, in early January this year the Green Alliance published a report, ‘Plastic promises: what the grocery sector is really doing about packaging’, which suggested that we are seeing a ‘disjointed and potentially counterproductive approach to solving plastic pollution’, with brand owners on the verge of swapping to other materials that may have even more serious environmental consequences – such as higher carbon emissions.

Petrochemicals Biobased PEF Enzymes

-May European ethylene oxide contract price drops by EUR82 per tonne

May European prices for ethylene oxide fell by EUR82 per tonne to EUR898–1,066 per tonne, ICIS reports.

The contract price was approved on the terms of FD NWE (with delivery to North-West Europe). Petrochemicals Biobased PEF Enzymes

European ethylene oxide contracts have been declining for the third month in a row. In May, they decreased due to lower ethylene prices.

Petrochemicals Biobased PEF Enzymes

-PROHACCP and LATI team up for food safety

PROHACCP, a Polish manufacturer of food industry safety systems that meet the strictest international standards, such as HACCP (Hazard Analysis and Critical Control Points), BRC and IFS, has teamed up with LATI to improve food safety.

The PROHACCP catalogue includes technical articles made with plastic materials detectable by metal detectors and X-ray machines. These include inspection kits, pens and highlighters, containers, paper clips and bulldog clips, tapes, label holders, PPE, cutters and hinges. Petrochemicals Biobased PEF Enzymes

Petrochemicals Biobased PEF Enzymes

-Europe’s contract price of benzene in May rose by EUR55 per tonne

The contract price of benzene in Europe for deliveries in May was agreed at EUR226 per tonne, which is EUR55 per tonne higher than in April, ICIS reported citing confirmation from two buyers and three sellers. Petrochemicals Biobased PEF Enzymes

The contract price was agreed on the terms of delivery of CIF Northwest Europe.

In US dollars, the May contract price of benzene was agreed at USD245 per ton based on the rate of EUR1 = USD1.084. Thus, in dollars, the May price rose by USD56 per tonne.

Petrochemicals Biobased PEF Enzyme

-First Graphene and Foster Plastics Industries to commence testing on EVA products

First Graphene logo imageFirst Graphene (FGR) has reported that Foster Plastics Industries, an Australian extrusion company, is collaborating with FGR to develop PureGRAPH-enhanced ethylene-vinyl acetate (EVA) materials for use in Foster’s range of solar tubes and plastic extrusion systems.

The PureGRAPH 10 EVA masterbatch loaded with 30% graphene will be drawn down to the desired ultimate concentration of 0.25% to 1% within Foster’s proprietary black nitrile/PVC compound.Petrochemicals Biobased PEF Enzymes

First Graphene and Foster Plastics Industries to commence testing on EVA products

-Significant advantages exist in Reliance-Aramco deal: Report

Its recent capital raising decisions and weak oil prices may be raising doubts among investors on the conclusion of Reliance Industries’ USD 15 billion deal with Saudi Aramco but there still exist significant advantages for the Saudi firm  to conclude its investments in the oil-to-chemical business of the Indian giant, an analyst said on Wednesday.

HSBC Global Research in a note said Aramco buying 20 per cent in O2C business of Reliance would allow the Indian firm to build financial muscle as it carves out space for itself in highly competitive omni-channel retail. Petrochemicals Biobased PEF Enzymes

-Significant advantages exist in Reliance-Aramco deal: Report

-Asian ethylene prices rise on improved fundamentals

Ethylene prices in northeast Asia have risen by 28pc to $530/t cfr northeast Asia on the back of improved fundamentals.

Spot prices in northeast Asia hit $530/t cfr on 13 May, supported by deals concluded for June-arrival cargoes in a $490-570/t cfr China range.

A deal was likely concluded at $570/t cfr China for a 6,500t June-arrival deep-sea cargo. The buyer is likely a styrene monomer (SM) producer and the seller a regional trader.

This week’s rally reversed most of the losses incurred in April, when prices reached a record low of around $300/t cfr northeast Asia. Spot prices were last above $500/t cfr northeast Asia in late March this year. Petrochemicals Biobased PEF Enzymes

Asian ethylene prices rise on improved fundamentals

-BMB invests in fourth production unit in Brescia

BMB has added a fourth production unit at its Italian headquarters in Brescia, following an increase in market share.

The company says investment in the new unit, which has taken just over 12 months to complete, is a sign of its commitment to the future growth of the plastics industry.

BMB says the new state-of-the-art smart factory will allow it to operate more efficiently and meet the increasing demand from new and existing customers.

It will also enable its existing range – from 100 tonnes clamp force to 3,500 tonnes clamp force—to be extended to 4,500 tonnes clamp force, two models of which are in the final assembly stages in the new production unit.  Petrochemicals Biobased PEF Enzymes

BMB invests in fourth production unit in Brescia

-German chemicals urge ‘new start’ to overcome crisis, set five-point plan

Germany’s economy needs to reset for an “immediate, comprehensive new start” in order to cope with the fallout from the coronavirus pandemic, the country’s chemicals trade group VCI said on Wednesday. Petrochemicals Biobased PEF Enzymes

VCI put forward a five-point plan focused on:

– Resumption of normal operations: the government-ordered shutdowns must be ended quickly, but with a “sense of proportion”

– Free trade of goods: the dismantling of trade barriers and the simplification of custom procedures will drive a revival of trade flows

German chemicals urge ‘new start’ to overcome crisis, set five-point plan

Petrochemicals Biobased PEF Enzymes

Petrochemicals Biobased Enzymes 13-05-2020

Petrochemicals Biobased Enzymes 13-05-2020

Petrochemicals Biobased Enzymes

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Contract prices of phenol in Europe in May rose by EUR55 per ton

Contract prices for phenol on the European market in May rose by EUR55 per ton amid rising prices for benzene raw materials, which led to a partial recovery in prices after a record decline in April, ICIS reports.

May prices were agreed at EUR1 005-1 030 per tonne, FD NWE (north-west Europe), while the May price of benzene rose by EUR55 per tonne compared with the April record low.

Contract prices for phenol in Europe were agreed at EUR950-975 per tonne in April, the lowest contract level since May 2009, after a record drop in contract prices for benzene by EUR424 per tonne last month.

Petrochemicals Biobased Enzymes

-Bic Launches Recycling Program

Consumers Can Now Recycle Stationery Products and Packaging Nationwide Through TerraCycle.

BIC, a world leader in stationery, lighters and shavers, has partnered with international recycling leader TerraCycle® to offer consumers a free and easy way to recycle their fully-used pens, mechanical pencils, markers and other stationery products and parts of packaging nationwide.  Petrochemicals Biobased Enzymes

As an added incentive, for every shipment of used stationery products collected and sent to TerraCycle through this program, collectors earn points that can be donated to a school or charitable organization of their choice.

Petrochemicals Biobased Enzymes

-Europe PE margins drop week on week on higher feedstock costs

European plants producing polyethylene (PE) have seen their margins fall week on week due to higher feedstock costs, ICIS margin analysis showed on Tuesday.

In the week to 8 May:

– Naphtha values rose by more than 32%

– LPG values increased by 13%

High density polyethylene (HDPE) contract margins fell by more than 19%, co-product credits rose slightly   Petrochemicals Biobased Enzymes

Petrochemicals Biobased Enzymes

-Europe naphtha prices rebound on Asia demand pull, crude but glut looms large

European naphtha spot prices have revived from April lows on the back of improving crude oil futures, falling refinery run rates, certain demand pull from Asia, and feedstock economics favouring consumption rates at crackers.

However, price downward pressure persists as deals are being concluded at double-digit discounts for early June deliveries amid ongoing supply glut and limited demand.

That pressure was felt on Monday, with spot prices closing at $208/tonne CIF (cost, insurance, freight) NWE (northwest Europe) for H1 June deliveries, down from last week’s close at $214-215/tonne CIF NWE.  Petrochemicals Biobased Enzymes

Petrochemicals Biobased Enzymes

-US textile and apparel import demand plunged

COVID-19 pandemic is still severe.

The United States has become the hardest hit and global economic activities have been greatly affected.

The latest data show that US textile and apparel imports reached 4.19 billion square meters in Mar, down by 12.6% year-on-year; the volume from China was 940 million square meters, down by 38.7% year-on-year. Petrochemicals Biobased Enzymes

Petrochemicals Biobased Enzymes

-Industry welcomes EU court’s biomass ruling

Industry association Bioenergy Europe today said the European Court of Justice’s (ECJ) dismissal of a 2019 case filed against forest biomass has cleared doubts over the future of biomass as the EU’s largest renewable energy source. Petrochemicals Biobased Enzymes

The sustainability framework under the 2018 renewables directive is once again acknowledged as a solid approach, Bioenergy Europe said.

The ECJ dismissed as inadmissible a case brought in March 2019 by environmental and wildlife campaigners in Estonia, France, Ireland, Romania, Slovakia and the US. The campaigners had requested that the ECJ declare void those provisions of the 2018 renewables directive that allow forest biomass energy to count towards the EU’s 2030 renewable goal as well as be eligible for financial support.

Industry welcomes EU court's biomass ruling

-LOW-COST TECHNIQUES FOR NOX REDUCTION

An understanding of the available NOx-reduction strategies will help engineers to select the best technique to improve the performance of their combustion processes

Pollution due to oxides of nitrogen — frequently abbreviated as NOx — is regulated with varying degrees of severity in different localities. Petrochemicals Biobased Enzymes

NOx regulations are regional for good reason: NOx and hydrocarbons react in a complex way to produce smog, and smog formation is greatly affected by topological and meteorological conditions. NOx reduction to very low levels carries economic impact, and balancing environmental and economic requirements has been a mainstay of air quality legislation since its inception. There are many inexpensive and historically validated NOx-reduction techniques that can cut NOx in half, as dicsussed in this article.

LOW-COST TECHNIQUES FOR NOX REDUCTION

INOVYN plays role in ambitious ‘Power to Methanol’ project in Antwerp

Methanol is an essential multi-purpose raw material for the chemical industry, with many applications in wider industry. Currently, methanol is produced using fossil based raw materials, which emits carbon dioxide from the process.

The new ‘Power to Methanol’ project in Antwerp, being announced today, would produce methanol from captured CO2 combined with hydrogen generated from renewable electricity. Petrochemicals Biobased Enzymes

A planned industrial-scale demonstration unit would produce 8,000tpa of sustainable methanol and would save at least 8,000tpa of CO2 emissions every year.INOVYN plays role in ambitious 'Power to Methanol' project in Antwerp

-China’s PSF imports from Southeast Asia and Africa

Recycled PSF market steps into stagnant situation again recently. The feedstock supply remains not large, and recycled PSF prices are hard to move up, with unfavorable sales. Let’s see the imports.

HS code 55032000 is synthetic staple fibers, of polyesters, not carded, including virgin PSF and recycled PSF. And the imports from Southeast Asia and African are mainly the recycled PSF.  Petrochemicals Biobased Enzymes

China began to import PSF from Burma in 2017, and the volumes were not large overall. In 2019, one HC re-PSF production line in Hangzhou of Zhejiang province relocates to Burma.

Imports from Vietnam soared in 2018. In 2017, the import volumes were only several hundred tons, but with the import ban on solid waste, plants gradually transferred to overseas markets, and Vietnam has solid re-PSF plants. In 2018, imports from Vietnam surged to 13,113 tons, and the volumes reached 19,196 tons in2019.

China's PSF imports from Southeast Asia and Africa

-DuPont Teijin Films introduces flame retardant clear polyester film

DuPont Teijin Films is introducing clear flame retardant PET polyester films to help product designers achieve improved safety in the industrial, transportation, construction, electronics and label industries. Petrochemicals Biobased Enzymes

Now commercially available from DuPont, the Melinex FR32x PET films have achieved UL’s VTM-0 flame rating classification, in accordance with ANSI / UL 94 and they are halogen-free.

“We’re excited to announce this key addition to our expanding portfolio of differentiated PET film offerings,” said Scott Gordon, business development manager, DuPont Teijin Films.

DuPont Teijin Films introduces flame retardant clear polyester film

Petrochemicals Biobased Enzymes

Petrochemicals Biobased Synthetic Yarn 12-05-2020

Petrochemicals Biobased Synthetic Yarn 12-05-2020

Petrochemicals Biobased Synthetic Yarn

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Japanese textile and apparel import demand collapsed in the first quarter

According to the latest data, Japanese textile and apparel imports in Mar reached 216,500tons, down by 2% year-on-year, while those from China were 105,300tons, down by 4% year-on-year. In the first quarter, Japanese textile and apparel imports totaled 605,000tons, down by 7.5% year-on-year; the volume from China totaled 286,000tons, down by 13.1% year-on-year.

As can be seen from above, Japanese textile and apparel import demand weakened sharply in the first quarter of 2020, and the decline in the volume from China was larger than the total. Global textile and apparel industry has been greatly impacted hit by the accelerating outbreak. While the pandemic in China has been controlled and mills gradually returned to work, the global consumption and trade suffered comparatively in the epidemic spread outside China. Japan was no exception.

Petrochemicals Biobased Synthetic Yarn

-BASF and Security Matters collaborate to boost circular economy for plastics

Australia-based based Security Matters and Germany-based BASF sign a joint development agreement to develop solutions for plastics traceability and circularity.

In this collaboration, Security Matters and BASF aim to offer a solution to move towards a circular economy, where plastics can be recovered and reused mechanically. As according to BASF, recycled plastic loses its mechanical performance properties and quality compared to virgin plastic due to polymer degradation and residual impurities and the recycling infrastructure is also expensive and complicated. Petrochemicals Biobased Synthetic Yarn

Achim Sties, senior vice president, performance chemicals Europe, BASF SE, said, “To tackle the global challenge, we have to rethink plastic applications with their end of life in mind. It is essential to progress towards a circular economy approach that closes the loop on end-of-life resources and allows us to recover and recycle plastics as efficiently as possible.”

Petrochemicals Biobased Synthetic Yarn

-Where it is profitable to produce oil at prices below $ 30 per barrel

let’s Start with our country. Oil production in Russia is not cheap in the first place, due to relatively high fiscal burden. According to Rosstat, in 2019, the average cost per ton of oil produced in Russia is 230,6 dollar, which is equal to 31.45 USD per barrel.

Most popular now a study on the cost of production made in the past year since IHS company, Saudi Aramco, gives slightly higher numbers for Russia, but only because in their calculation took into account all taxes and the excise tax and a mandatory 10% profit. Taking into account these supplements the official statistics of Rosstat and the results of the study IHS Markit quite comparable. Petrochemicals Biobased Synthetic Yarn

According to the version of IHS, the profitability of oil production in Russia for land projects is $ 42 per barrel, and for marine – $ 44 per barrel.

Petrochemicals Biobased Synthetic Yarn

-US PVC spot export prices firm as demand rises in China

US  polyvinyl chloride (PVC) spot export prices firmed as demand returned in China and US producers raised offers.

The higher demand in China brought some positive sentiment in global markets for a return to more normal markets and reversed a weeks-long slide in prices.

The US assessed spot export range rose an average of $20/tonne to a narrower range of $550-570/tonne. Petrochemicals Biobased Synthetic Yarn

Petrochemicals Biobased Synthetic Yarn

-BP ANNOUNCES FEASIBILITY STUDY FOR RENEWABLE-HYDROGEN PRODUCTION IN WESTERN AUSTRALIA

BP plc has announced that bp Australia is taking part in a feasibility study related to an export-scale renewable hydrogen production facility in Western Australia.

The extensive study will help BP and the energy sector better understand the possibilities of using hydrogen to export renewable energy at scale.

The project will include an initial investment from bp of (AUS) $2.7 million, with a further $1.7 million being funded by Australian Renewable Energy Agency (ARENA) as part of its Advancing Renewables Program. bp Australia will be supported by GHD Advisory to deliver the study. Petrochemicals Biobased Synthetic Yarn

Petrochemicals Biobased Synthetic Yarn

-Germany’s chemicals employment falls 5% in April – Ifo

Employment in the German chemicals sector fell 5% in April as a result of the coronavirus pandemic, according to research from the Ifo institute on Monday.

While the pharmaceutical industry has recorded no job loss due to the pandemic, other markets downstream of the chemicals sector have marked much higher cuts in the same period. Petrochemicals Biobased Synthetic Yarn

The services sector marked the largest decline as lockdown measures have prohibited hotels, restaurants and travel agents from operating.

In the manufacturing sector, 39% of automotive companies have recorded a downturn in employment figures, surpassed by a 48% drop of jobs in leather, leather goods and footwear manufacturers.

Germany's chemicals employment falls 5% in April - Ifo

– Coronavirus, oil price crash – impact on chemicals

Shares of petrochemical firms in Asia traded higher on Monday due to easing coronavirus-related restrictions across the region, while oil prices continued to be weighed down in an oversupplied global market.

Oil giant Saudi Arabia will triple its value-added tax (VAT) rate to 15% effective July to shore up revenues hit by the recent crash in crude oil prices, as it rationalizes spending amid the coronavirus pandemic. Petrochemicals Biobased Synthetic Yarn

In China, resumption of infrastructure construction drove up domestic prices of high density polyethylene (HDPE) pipes. Demand for the material typically peaks in the second quarter due to warmer weather.

Coronavirus, oil price crash - impact on chemicals

-GCC chemical imports to India ‘hurt by anti-dumping probe’

GCC ethylene glycol (EG) imports into India may be severely hurt as a result of an ongoing anti-dumping investigation targeting imports from Saudi Arabia, Kuwait, Oman, UAE and Singapore, according to the Gulf Petrochemicals and Chemicals Association (GPCA), the regional trade body representing the common interests of the chemical and allied industries in the Arabian Gulf. Petrochemicals Biobased Synthetic Yarn

The inconsistent investigative practices by Indian authorities on anti-dumping regulations raise serious concerns under World Trade Organization (WTO) rules and threaten to severely hurt GCC economies, jeopardising $543 million worth of mono ethylene glycol (MEG) imports, which is equivalent to 20 per cent of total chemical imports from the region into India, according to GPCA analysis.

GCC chemical imports to India 'hurt by anti-dumping probe'

Korea’s Lotte Chemical sees gradual recovery in demand

South Korean petrochemical producer Lotte Chemical expects low feedstock costs and a gradual recovery in demand to boost its olefins and aromatics profits in the current quarter.

A plunge in naphtha prices amid the Covid-19 pandemic will be better reflected in feedstock costs for April-June than in the first quarter, as those cheaper supplies are put into production, Lotte said. And the company sees the beginning of a recovery in olefins demand in China and the rest of northeast Asia, although demand will remain weak elsewhere in the world. Petrochemicals Biobased Synthetic Yarn

Korea's Lotte Chemical sees gradual recovery in demand

-Nordson helps meet urgent demand for nonwoven sheet used in PPE

Nordson Corporation reports supplying large quantities of gear pumps and screen changers to producers of melt blown polypropylene microfiber sheet for the masks, gowns, and other personal protective equipment (PPE) used by healthcare workers.

Since the COVID-19 outbreak, Nordson has shipped many BKG NorCon screen changers to global market leading extrusion OEMs in Europe and even greater numbers of BKG BlueFlow gear pumps to OEMs around the world, including China. Petrochemicals Biobased Synthetic Yarn

Nordson helps meet urgent demand for nonwoven sheet used in PPE

RadiciGroup – Angelo Radici : “This is how the multinationals made in Bergamo start again” (Italian Language Only)

Angelo Radici: "This is how the multinationals made in Bergamo start again" (Italian Language Only)
Angelo Radici is president of the multinational company of the same name born 75 years ago in Gandino, the center of 5 thousand souls, 26 kilometers from Bergamo.

The RadiciGroup represents one of the many miracles in the province most affected by the pandemic, an area designed by peaks, crests and valleys, even impervious, yet by very vital entrepreneurship.

It is precisely at the top of a valley that this giant of chemistry, technopolymers and synthetic fibers arose.

The entity of the colossus? The numbers speak for themselves: € 1.2 billion in sales, 3100 employees, presence in 16 countries, 24 production sites, 8 sales offices.
Angelo Radici is the seventh protagonist of the cycle of interviews dedicated to D.C. (After Coronavirus) designed by the Italian entrepreneurial greats.

Thus speaks the captain of a company on the front line in dealing with the emergency.

The Bergamo companies have created many alliances to deal with Covid-19. Was this synergistic spirit breathed even before the pandemic or was it the emergency that triggered it?

I think that the link with our territory and the sense of belonging to the community are traits that have always characterized us.

The difficulties of the moment have made these aspects stand out even more clearly, as evidenced by the various solidarity initiatives put in place quickly and effectively.

The big advantage was having skills at the local level. It was enough to activate us by phone to find companies willing to team up, with the awareness of collaborating between “friendly” entrepreneurs.

Could new production chains arise from this misfortune?

Even from the most difficult situations, positive lessons can be drawn. Certainly the period we are living has constituted a precious test bench that has laid the foundations for important synergies that would be worth cultivating even after the pandemic.

Like RadiciGroup, in this phase we have created a totally new chain for the realization of certified protective devices and gowns for hospitals trying to make up for the great lack of this production in Italy.

The hope for the future is that it is understood that some supply chains are indispensable at national level. In order to restart the local economy, but in general that of the whole country, everyone’s contribution is needed, making use of skills and opportunities.

Petrochemicals Biobased Synthetic Yarn

Petrochemicals Biobased Synthetic Fabric 11-05-2020

Petrochemical Polymers Chemical PTA Trend

Petrochemical Polymers Chemical PTA

Petrochemical Polymers Chemical PTA

Polyestertime
ITEM06/05/202011/05/2020+/-
Bottle grade PET chips domestic market5,400 yuan/ton5,400 yuan/ton
Bottle grade PET chips export market670 $/ton670 $/ton
Filament grade Semidull chips domestic market

Petrochemical Polymers Chemical PTA

4,600 yuan/ton4,550 yuan/ton-50
Filament grade Bright chips domestic market4,700 yuan/ton4,700 yuan/ton
Pure Terephthalic Acid PTA domestic market3,335 yuan/ton3,300 yuan/ton-35
Pure Terephthalic Acid PTA export market
410 $/ton400 $/ton-10
Monoethyleneglycol MEG domestic market3,525 yuan/ton3,460 yuan/ton-65
Monoethyleneglycol MEG export market415 $/ton410 $/ton--5
Paraxylene PX FOB  Taiwan market482 $/ton490 $/ton+8
Paraxylene PX FOB  Korea market464 $/ton472 $/ton+8
Paraxylene PX FOB EU market

Petrochemical Polymers Chemical PTA

362 $/ton374 $/ton+12
Polyester filament POY 150D/48F domestic market5,450 yuan/ton5,330 yuan/ton
-120
Recycled Polyester filament POY  domestic market5,300 yuan/ton5,450 yuan/ton+150
Polyester filament DTY 150D/48 F domestic market7,000 yuan/ton7,000 yuan/ton
Polyester filament FDY 68D24F domestic market 6,650 yuan/ton6,600 yuan/ton-50
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers Chemical PTA
6,000 yuan/ton5,970 yuan/ton-30
Polyester staple fiber 1.4D 38mm domestic market5,800 yuan/ton5,780 yuan/ton-20
Caprolactam CPL domestic market8,650 yuan/ton9,850 yuan/ton
+1,200
Caprolactam CPL overseas  market970 $/ton1,000 $/ton+30
Nylon6 chips overseas  market1,230 $/ton1,230 $/ton
Nylon6 chips conventional spinning domestic  market9,600 yuan/ton10,700 yuan/ton+1,100
Nylon6 chips  high speed spinning domestic  market9,500 yuan/ton10,600 yuan/ton+1,100
Nylon 6.6 chips domestic  market17,800 yuan/ton17,800 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers Chemical PTA

12,200 yuan/ton12,600 yuan/ton+400
Nylon6 Filament DTY 70D/24F domestic  market15,200 yuan/ton15,500 yuan/ton+300
Nylon6 Filament FDY  70D/24F  domestic  market12,900 yuan/ton13,400 yuan/ton+500
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,000 yuan/ton29,000 yuan/ton
Adipic Acid domestic market5,900 yuan/ton6,100 yuan/ton+200
Benzene domestic market3,475 yuan/ton3,400 yuan/ton-75
Benzene overseas  market337 $/ton365 $/ton
+28
Ethylene South East market370 $/ton435 $/ton+65
Ethylene NWE  market282 $/ton281 $/ton-1
Acrylonitrile ACN  domestic market6,600 yuan/ton7,000 yuan/ton+400
Acrylonitrile ACN  overseas market900 $/ton900 $/ton
Acrylic staple fiber ASF  domestic market11,100 yuan/ton11,100 yuan/ton
Viscose Staple Fiber VSF  domestic market8,600 yuan/ton8,500 yuan/ton-100
PP Powder domestic market7,200 yuan/ton7,200 yuan/ton
Naphtha overseas market 

Petrochemical Polymers Chemical PTA

241 $/ton248 $/ton
+7
Phenol domestic market 6,337 yuan/ton6,912 yuan/ton+575
PS Taiwan 5250 GPPS910 $/ton 940 $/ton+30
PS Taiwan 8250 HIPS1,030 $/ton 1,050 $/ton+20
LDPE CFR Far East 782 $/ton792 $/ton+10
LLDPE CFR Far East682 $/ton702 $/ton+20
LDPE   FOB Middle East774 $/ton784 $/ton+10
LLDPE FOB Middle East674 $/ton694 $/ton+20
HDPE CFR Far East694 $/ton694 $/ton
LDPE FD Northwest Europe 853 €/ton833 €/ton--20
LLDPE FD Northwest Europe 843 €/ton823 €/ton-20
Homopolymer PP CFR Far East780 $/ton790 $/ton+10
Homopolymer PP FD NWE811 €/ton807 €/ton-4

Petrochemical Polymers Chemical PTA

Petrochemicals Biobased Synthetic Fabric 11-05-2020

Petrochemicals Biobased Synthetic Fabric

Petrochemical Polymers Chemical PTA Trend

Petrochemicals Biobased Synthetic Fabric

Crude Oil Prices Trend

Crude Oil Prices Trend

-US PET demand may be showing first signs of weakness

Demand for US polyethylene terephthalate (PET) remains strong, supported by sustained buying activity from the end-user segment – mainly at supermarkets via food packaging, according to many market participants.

Unseasonably increased demand of PET packaged foods and cleaning products in mid-to-late Q1 was the result of bulk buying amid the spread of the coronavirus in the US.

Several industry sources predicted that demand would collapse in early-to-mid Q2, particularly as unemployment rates started to rise. Along with anticipated declining demand in Q2, resin prices were expected to erode by several cents in May, given plummeting crude oil and feedstock paraxylene prices.

Petrochemicals Biobased Synthetic Fabric

-Slumping auto sector faces long road to recovery

Automotive production will make only a gradual recovery from the Covid-19 crisis, cutting demand for auto components this year and weighing heavily on industrial metal and steel prices in the months ahead.

Automotive markets slumped in the first quarter of this year the world over, and the prognosis for the second quarter is similarly weak, signalling a sustained demand shock for the multiple metals and steels feeding the sector.

What began as a supply shock to the world’s automotive factories is now firmly a demand crisis as human mobility skids to an abrupt halt.

Petrochemicals Biobased Synthetic Fabric

-Different views on pricing, supply and demand split Europe R-PET market

The European recycled polyethylene terephthalate (R-PET) market is facing a tough time due to the double threat of plunging oil and virgin PET prices and impacts on demand and availability because of the coronavirus pandemic.

As a result, views among R-PET market participants on prices and supply and demand are diverging, putting buyers and sellers firmly in one of two camps.

On the one side are the players who see the current situation around coronavirus creating stronger demand for R-PET, driven by increased consumption of food packaging, water bottles and hygiene products packed in PET, most of which also have some level of R-PET content.

Petrochemicals Biobased Synthetic Fabric

-Brüggemann launches new heat stabiliser for polyamides

Brüggemann has launched its Phenolic Plus BRUGGOLEN TP-H1803, a new heat stabiliser for polyamides designed to outperform conventional phenolic/phosphite based stabilisers, i.e. blends of sterically hindered phenolic antioxidants with organic phosphites.

BRUGGOLEN TP-H1803 bridges the price-performance gap between these blends and copper based stabilisers.

Phenolic Plus extends the heat stabilisation of polyamides to peak temperatures of 180°C, something not possible for hindered phenolic antioxidants and organic phosphites.

Petrochemicals Biobased Synthetic Fabric

-CRISPR and the Coronavirus

A recent interview with Prof. Jennifer Doudna, a co-discoverer of the CRISPR-Cas9 system for genome editing, highlights potential applications of the technology to COVID-19.

The CRISPR (Clustered Regularly Interspaced Short Palindromic) genome editing system can be used to delete, insert, or alter any type of DNA/RNA, including that of humans, animals, plants, or microorganisms like bacteria. CRISPR is a highly versatile technique which has the potential to cure complex diseases at the genetic level efficiently.

In the interview with Amanpour and Company, Prof. Doudna discusses some of the recent efforts of her lab at UC Berkley.

Petrochemicals Biobased Synthetic Fabric

-China’s Sinopec forecasts bleak oil demand outlook

The impact from the Covid-19 pandemic will continue to pressure global oil prices but a shift in consumer patterns because of lockdowns may weigh on oil demand in the longer term, according to research by China’s biggest state-controlled refiner Sinopec.

The Sinopec Economics and Development Research Institute (EDRI), the firm’s research arm, expects the changing workplace, lifestyle, education and consumption patterns to further slow the growth of global oil demand in the future as a direct result of lockdowns brought about by the coronavirus outbreak, which was first reported in Wuhan city in central China’s Hubei province in December 2019.

China’s Sinopec forecasts bleak oil demand outlook

-To Exit the pandemic with a new Green Deal for Italy: a manifesto from companies and associations (Italian Language Only)

The world of Italian businesses, heavily affected by the Covid-19 pandemic, takes an initiative to revive the economy in a green key. To date, 110 representatives of important companies and business organizations have signed the Manifesto “Exit the pandemic with a new Green Deal for Italy” (below).

The Manifesto intervenes in the ongoing debate, at national and European level, on measures to revive the economy, heavily hit by the Covid pandemic19 by urging a development project that meets the challenges of our time.

We need – explains a note from the drafters – measures to make our societies, our health systems and our economy more resilient to pandemics, but also to face other threats for our future: first of all the great climate crisis, fueled by a linear economy model with high consumption of fossil energy and waste of natural resources.

The European Recovery Plan, which aims to activate substantial Community funding, should, in the new and far more serious conditions generated by the pandemic, re-establish and relaunch with a new Green Deal the ambitious European project for an advanced, decarbonised and circular economy. We hope.

To Exit the pandemic with a new Green Deal for Italy: a manifesto from companies and associations

-Why is the US removing military assets from Saudi Arabia?

Washington’s decision to pull out Patriot missile batteries from Saudi Arabia has made the kingdom’s leadership nervous.

The United States is removing its Patriot missile defence system and other weapons from Saudi Arabia.

President Donald Trump said the move is part of an effort to scale back on a military presence that he says does not benefit the US.

US weapons and fighter jets were sent to the kingdom last year after Saudi Aramco oil facilities were attacked.

They were also intended as a deterrent as tensions rose between the US and Iran.

-Why is the US removing military assets from Saudi Arabia?

-Diverged nylon market finally converged in Apr

In just two thirds of April 2020, nylon market has undergone two major waves, during which, the development of nylon 6 semi-dull high-speed spinning chip (hereinafter referred as HS chip) and bright conventional spinning chips (hereinafter referred as CS chip) are completely different.

  1. In early April, a round of intensive bottom hunting in nylon 6 CS chip market had driven prices higher quickly. And in the process of rapid rise, there were still buying orders that continued to chase highs. CS chip market rose sharply all the way, up by 1,500yuan/mt in just 10 days. Following this, CS chip plants replenished CPL spot aggressively, pushing up CPL spot substantially as well.
  2. In early April, under the favorable support of the soaring crude oil and CS chip prices, the spot and contract CPL prices gradually increased. Due to cost pressures, sellers also increased semi-dull HS chip prices appropriately. But downstream buyers followed up slowly. Since the uptrend almost ended around Apr 12, spot CPL market also slowed down rising up.

Diverged nylon market finally converged in Apr

Petrochemicals Biobased Synthetic Fabric

Petrochemicals Automotive Polymer 09-05-2020

Petrochemicals Automotive Polymer 09-05-2020

Petrochemicals Automotive Polymer

-Covestro, Teknor Apex combine to make new TPU compounds

Materials firms Covestro AG and Teknor Apex Co. will work together on new thermoplastic polyurethane (TPU) compounds.

Covestro of Leverkusen, Germany, and Pawtucket, R.I.-based Teknor both have worked with TPU for many years, with Covestro making the resin and Teknor producing compounds. Officials said in a news release that formulating and compounding can create an additional value proposition.

“Together with Teknor Apex, we want to develop customized products to grow together with our existing and new customers,” Thorsten Dreier, Covestro global TPU business head, said in the release.

Petrochemicals Automotive Polymer

-Coronavirus pushes German manufacturers to their limit

Dr Martin Engelmann: ‘The manufacturers of packaging for food are working under high pressure’

Demand for food, pharmaceutical and medical products needed to tackle the coronavirus pandemic is pushing some plastics packaging manufacturers to their limit, a survey by the German association for plastics packaging and films has found.

But while some German manufacturers of “system-relevant” packaging for food, pharmaceutical and medical products were reaching capacity, suppliers to the automotive industry in particular had experienced a considerable drop in demand, the survey by IK Industrievereinigung Kunststoffverpackungen revealed.

Petrochemicals Automotive Polymer

-Alpla doubles rPET capacity in Poland

Starlinger supplies extrusion line to Austrian packaging firm’s rPET plant in Radomsko, Poland.

Austria-based Alpla has announced that a new rPET extrusion system will be going into operation in early May 2020 at its polyethylene terephthalate (PET) recycling plant in Radomsko, Poland. The plant’s capacity to produce rPET regrind material will be doubled from 15,000 to 30,000 metric tons per year, says the firm.

A blog post by Alpla Head of Recycling Georg Lässer says the investment ties into the company’s signing of the New Plastics Economy Global Commitment in 2018.  That initiative of the Ellen MacArthur Foundation “commits us to investing a total of €50 million ($54 million) in pursuit of this aim,” writes Lässer.

Petrochemicals Automotive Polymer

-Eurozone construction output slumps in April, sentiment collapses

Output in the chemicals-intensive construction sector across the eurozone collapsed in April as coronavirus-led lockdowns dampened logistics and sentiment, analysts at IHS Markit said on Thursday.

The Eurozone Construction PMI index for April fell to 15.1 points, down sharply from the March reading of 33.5 points.

A reading below 50.0 points shows economic contraction.

“[The data is] signalling an unprecedented month-to-month decline in construction activity across the eurozone,” said the analysts.

Petrochemicals Automotive Polymer

-Heimtextil 2021 now more than 95% booked

Home textiles trade fair will offer numerous events

Frankfurt, Germany – Despite disruption from the current coronavirus crisis, exhibitor registrations for next year’s Heimtextil expo are running strong.

The 2021 international home and contract textiles trade fair, which will take place Jan. 12-15, is now more than 95% of the space occupied in the 2020 fair has now been booked. The most recent event hosted 2,918 exhibitors from 64 countries.

Petrochemicals Automotive Polymer

-Why PepsiCo, L’Oreal and Nestle are banking on this French plastics recycling startup

That little recycling symbol on the bottom of a soda or shampoo bottle has a dirty secret. There’s only a 30 percent chance the PET plastic in the bottle will get turned into a new plastic product, and the chance it will become another soda or shampoo bottle is almost zero.

The French startup, Carbios, hopes to change that with a new enzyme — one that could usher in an entirely new way to recycle plastic, one that actually lives up to the arrows of the symbol.

As packaging professionals are well aware, most current recycling technology, which is thermo-mechanical in nature, reuses plastic by melting it and then reforming it into new products.

Why PepsiCo, L’Oreal and Nestle are banking on this French plastics recycling startup

-Esterform to meet PET preform demand with bank loan

A UK supplier of PET preforms and containers plans to fulfil growing demand in the food and drink sector after securing a £26 million ($32m) loan from Shawbrook Bank.

Esterform Packaging, which has factories in Worcestershire and Leeds, said it had experienced a “substantial” increase in demand for preform packaging.

The company said the funds would allow it to refinance its debt, improve efficiencies and continue to invest in rPET production. Esterform opened a rPET facility in 2019.

Despite already claiming to be the UK’s largest independent producer of PET bottles and containers, Esterform managing director Mark Tyne said it was time for the company to “ramp up” manufacturing.

Esterform to meet PET preform demand with bank loan

-Biodegradable Plastics Startup RWDC Raises US$133 Million

RWDC Industries Ltd will use the US$133 million series B funding to expand the production capacity by building a new facility in Athens, Georgia.

RWDC Industries Limited, a Singapore-based biotech start-up hoping to solve the world’s single-use plastic crisis, has secured US$133 million in Series B funding. “RWDC was founded by myself and [CEO] Dr. Daniel Carraway in 2015,” shared executive chairman Mr. Roland Wee. “After meeting, Carraway and I realized our shared vision of improving people’s lives while also lessening our impact on the environment.”

They decided to pursue their passion by providing safe, sustainable alternatives for single-use petroleum-based plastics. Specifically, RWDC develops innovative and cost-effective biopolymer material solutions—including polyhydroxyalkanoates or PHAs. PHAs are naturally produced by microbial fermentation of plant-based oils or sugar and are recognized as the only commercially viable biodegradable bioplastic.

Biodegradable Plastics Startup RWDC Raises US$133 Million

-Italy : Complastic Srl and Negri Bossi join forces to produce glasses and facial shields

Complastic Srl and Negri Bossi have collaborated to produce glasses and facial shields to face COVID‐19.

In the Italian scenario, many companies are converting part of their production into devices to deal with the emergency and continuing to develop projects for the community that can improve situations of coexistence with Coronavirus.

Negri Bossi who since April 9, 2020 has been using two injection machines to produce masks for

the community through the help of the Lombard Civil Protection to counter the spread of COVID‐19.

With a strong know‐how in the plastic moulding sector, Complastic Srl is developing a project to produce glasses and a face shields due to an injection moulding machine delivered by Negri Bossi to the company in record time.

Italy : Complastic Srl and Negri Bossi join forces to produce glasses and facial shields

-When Fashion Meets Technology

Nanotechnology has helped revolutionise the concept of smart textiles with various offerings in terms of performance, comfortability, cleanliness and current needs. The market for nanotechnology-infused textiles has risen rapidly from $20.3 billion in 2008 and is projected to reach $205 billion by 2022, representing 16 per cent of the global textile industry by value.

Fashion and technology are inevitably a blend of art with each comprising its own advancements and developments. When Malaysian company NanoTextile launched the themes ‘When Fashion Meets Technology’ and ‘When Mighty Meets Nano’ in 2019, fashion companies were quick to pick up on the latest trends. It was the year when we realised that the fashionista and technologist have to collaborate more. NanoTextile did just that by expanding to everything from clothes and business models to innovations in functional products, technical offerings and production. Though clothing is a commodity industry, its future will be about more than just merely covering our bodies.

When Fashion Meets Technology

Petrochemicals Automotive Polymer

Petrochemicals Graphene BioPackaging 08-05-2020

Petrochemicals Graphene BioPackaging 08-05-2020

Petrochemicals Graphene BioPackaging

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Green Plains calls for strategic restarts from US fuel ethanol producers

US Green Plains executives called for restraint when restarting ethanol plants, asking producers to be smart when they bring plants back online, as consistent oversupply has been an historic issue for fuel ethanol markets.

“This is an industry that is renowned for bringing it all back up very fast”, they said.

While some plants have announced longer shutdowns, others are in what is called a ‘warm’ shutdown, wherein a plant can be up and operating within a week.

Around 20% of the shuttered ethanol plants are in a cold shutdown. It will take around six weeks to get one of these plants back online, according to Green Plains.

Petrochemicals Graphene BioPackaging

-European automotive sector plans recovery

The European automotive sector has proposed a plan to help restart the crippled industry after Covid-19 lockdown restrictions are eased, following closures amid the pandemic and new car sales all but vanishing in April   Petrochemicals Graphene BioPackaging

EU-wide production losses since mid March, as a result of automotive factory shutdowns, have reached 2.3mn vehicles, according to the European Automobile Manufacturers’ Association (ACEA).

New car sales have also fallen drastically. The UK automotive market in April experienced its worst ever month as the pandemic closed showrooms and dealerships across the country, causing new car sales to fall by 97.3pc on the year. New car sales in France fell by 88.8pc on the year in April and the Italian market fell by 97.5pc from last year.

Petrochemicals Graphene BioPackaging

-Chemours TiO2 capacity expansions to be stretched out on capex cuts – CEO

Chemours will stretch the timing of its titanium dioxide (TiO2) capacity expansions toward 2021-2022, as it cuts capital spending (capex) on growth projects in 2020, said Mark Vergnano, CEO of Chemours, in an interview with ICIS on Wednesday.

“We’re probably going to be stretching that out a little longer…as we slow those down a bit. We’ll see how long that delay will be, depending on what we see from a demand perspective, and how the year plays out. Those can be restarted at any time”, said Vergnano. Petrochemicals Graphene BioPackaging

Petrochemicals Graphene BioPackaging

-EU forecasts 7.4pc GDP contraction in 2020

The EU and eurozone economies will contract at record rates this year, according to the latest projection from the European Commission.

It sees real gross domestic product (GDP) in the EU27 contracting by 7.4pc. For the eurozone this contraction is 7.7pc, broadly in line with the most recent forecast from the IMF. Petrochemicals Graphene BioPackaging

The commission then sees inflation-adjusted EU GDP growth of 6.1pc in 2021

The commission noted variations across the EU27 because of the degrees to which the Covid-19 pandemic has affected different countries and because of the relative strengths and weaknesses of member states’ economies. Greece (-9.7pc), Italy (-9.5.pc) and Spain (-9.4pc) perform worse than Austria (-5.5pc) and Poland (-4.3pc). It said the EU’s largest economy, Germany, faces a 6.5pc GDP cut, and France faces an 8.2pc cut.

Petrochemicals Graphene BioPackaging

-Selenis polyesters on the rise in protective equipment

Materials maker Selenis is seeing a rise in imports of its specialty polyesters from Europe to the U.S. for uses related to fighting the spread of COVID-19.

Glycol-modified PET (PETG) and other specialty polyester resins made by Selenis are imported to the U.S. from production sites in Portugal and Italy. The materials then are used in applications including medical face shields, retail protective barriers and hand sanitizer labels, U.S. business development manager Scott Sergel said in a May 5 interview with Plastics News.Petrochemicals Graphene BioPackaging

Heavy-gauge sheet made from Selenis materials is used in point-of-sale protective barriers, while thin-gauge sheet is used in face shields, he added. Shrink-sleeve labels on bottles of hand sanitizer also use Selenis materials.

Petrochemicals Graphene BioPackaging

-Low virgin plastics pricing pinches recycling market further

The coronavirus pandemic has piled on top of existing plastics recycling market strife to cause pricing fluctuations and create uncertainty about how end users will meet their sustainability commitments. Petrochemicals Graphene BioPackaging

Recycling markets for nearly all materials have been challenged for the past few years due to shifts in overseas demand. Additional pressure has come from tariffs on recycled materials and other goods, as well as ongoing strife in the freight market.

Now, the coronavirus pandemic has added health and safety concerns, employment shortages and a general slowdown in manufacturing.

“It’s every possible challenge you could imagine,” said Joe Pickard, chief economist for the Institute of Scrap Recycling Industries (ISRI), in a webinar hosted by several recycling stakeholder groups last week. He said that the current situation may represent the most difficult time many recycling companies have ever faced.

Low virgin plastics pricing pinches recycling market further

-Cement additive producer turns focus to plastic waste

A Florida company is working to commercialize a process that uses low-value scrap plastic as fuel in cement production.

Maitland, Fla.-headquartered Cement Lock wants to source hard-to-recycle plastics as a fuel for a cement admixture. The company aims to commercialize with facilities around the country, and under the company’s plan, each would have two kilns capable of consuming 100 tons per day of plastic, said Al Hendricks, CEO of Cement Lock. The company does not yet have any commercial-scale sites operating. Petrochemicals Graphene BioPackaging

Hendricks and his partners in the company in 2007 purchased the technology, which was originally developed to use sediment from Superfund sites as its feedstock. More recently, however, the company began exploring additional feedstocks.

“Over the last 18 months, I shifted my focus into plastic recycling,” Hendricks said in an interview. “We can take that same material nobody else wants, we can chip it or shred it, and use it as fuel to feed our kilns.”

Cement additive producer turns focus to plastic waste

-May European ethylene contract price drops by EUR100 per tonne

The contract price of ethylene in Europe for May deliveries was finally agreed at EUR620 per tonne, which is EUR100 per tonne lower than the level of the previous month, ICIS reported.

The contract price was approved on the terms of FD NWE (with delivery to North-West Europe).

This contract price was directly confirmed by two manufacturers and four consumers of the material, which is the minimum necessary configuration for approving the contract price of propylene.

At the same time, confirmation of the May contract price of ethylene is expected from three more manufacturers. Petrochemicals Graphene BioPackaging

May European ethylene contract price drops by EUR100 per tonne

-Covid-19 triggers sharp German manufacturing decline

German industrial production plummeted in March and was expected to have kept falling in April because of Covid-19, the economy ministry said.

Manufacturing output had picked up in January-February (see manufacturing demand graph).  Petrochemicals Graphene BioPackaging

But March’s seasonally and working-day adjusted output fell by 11.6pc from February and was the lowest for the month since at least 2015.

January-February output had climbed by 2.3pc from November-December, the ministry said previously, and had been on track to recover from an industrial recession.

Covid-19 triggers sharp German manufacturing decline

-China’s PE, PP inventories increase

Chinese polypropylene (PP) and polyethylene (PE) inventories held by key state-controlled producers Sinopec and PetroChina were 935,000t today, up by 140,000t from a week earlier.

The inventories remain high compared with typical levels of around 700,000t.

But despite the rise in stocks, polymer prices continued to rebound after the 1-5 May labour holiday in China.  Petrochemicals Graphene BioPackaging

China’s PE, PP inventories increase

Petrochemicals Textile Graphene BioPackaging

Petrochemicals Textile Graphene Packaging 07-05-2020

Petrochemicals Textile Graphene Packaging 07-05-2020

Petrochemicals Textile Graphene Packaging

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-New graphene biosensor can detect SARS-CoV-2 in under a minute

Korean researchers have developed a graphene-based field-effect transistor-based biosensor that detects SARS-CoV-2 in nasopharyngeal swabs from patients with COVID-19, in less than one minute.

Covid-19 detection using graphene biosensor image

Currently, most diagnostic tests for COVID-19 rely on a technique called real-time reverse transcription-polymerase chain reaction (RT-PCR), which amplifies SARS-CoV-2 RNA from patient swabs so that tiny amounts of the virus can be detected. However, the method takes at least 3 hours, including a step to prepare the viral RNA for analysis. Edmond Changkyun Park, Seung Il Kim and colleagues wanted to develop a faster diagnostic test that could analyze patient samples directly from a tube of buffer containing the swabs, without any sample preparation steps.

Petrochemicals Textile Preforms Packaging

-Talga and Bentley Motors to develop graphene-enhanced motor parts

Talga Resources, battery anode and graphene additives developer, has announced that it has been approved for Innovate UK co-funding to support development of an e-axle designed for Bentley Motors. Petrochemicals Textile Graphene Packaging

The OCTOPUS project aims to deliver the ultimate single unit e-axle solution designed specifically to meet Bentley Motors performance specifications via optimized motor and power electronics technology and materials. The project is funded under the Office for Low Emission Vehicles’ and Innovate UK’s “IDP15: The Road to Zero Emission Vehicles” competition.

Under the project Talga will develop and provide graphene materials for the high performance electric motor windings to deliver an aluminium-based solution aimed at outperforming, and ultimately replacing, the copper windings currently used.

Petrochemicals Textile Preforms Packaging

-Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China

Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters.

The “operational performance plan” is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn’s aggressive expansion drive, the people said. Petrochemicals Textile Graphene Packaging

Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan – reported here for the first time – Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters.

Petrochemicals Textile Preforms Packaging

-Mondi and RB partnership results in great Finish: BarrierPack Recyclable provides sustainable solution for dishwasher tablet packaging

Mondi has partnered with Reckitt Benckiser Group to launch a fully recyclable, mono-material flexible plastic packaging portfolio for the premium line of its Finish dishwasher tablets Quantum Ultimate. Petrochemicals Textile Graphene Packaging

This product line had previously used a multilayer, PET/PE laminate pouch construction that was not recyclable. With RB’s commitment that 100% of its plastic packaging must be reusable or recyclable by 2025 that had to change. RB has a “4 R” approach to using plastics –– reduce, reuse, replace, recycle.

“Following Mondi’s customer-centric EcoSolutions approach, we worked closely with RB to find the best solution and make this product fully recyclable without sacrificing the high-end look, feel and performance,” said Olivier Seux, Global Key Account Manager, Mondi Consumer Flexibles. “We asked questions about the entire process and tailored various aspects to meet the customer’s precise needs.”

Petrochemicals Textile Preforms Packaging

-Addressing the plastics problem

Sustainability must be fully incorporated into material design

To the general public, the plastic problem is all about disposable single-use packaging. We are exhorted to use fewer plastic carrier bags, and products are sold as eco-friendly on the basis that they are packaged in paper, glass or steel – a sometimes questionable claim. But it’s essential to realise that demonising polymers and plastics is not the solution. They are more than simply packaging. Petrochemicals Textile Graphene Packaging

Petrochemicals Textile Preforms Packaging

-RadiciGroup : Protective face shields: 1,000 kits for Bergamo medics

RadiciGroup and Rimplast provide the materials and technology for injection moulding of visor frames. Project coordinators: Mille Respiri and FabLab

Injection moulding as an alternative to 3D printing for a quicker response to health worker protection needs: this was RadiciGroup’s objective in donating its polyamide 6 material for the production of 3,000 frames for protective visor face shields for medics. The frames were moulded at Rimplast, another Bergamo company, which immediately made available its plastic moulding technology and specialists. Petrochemicals Textile Graphene Packaging

The initiative was started as a follow-up to a project carried out by the young members of the Interact Bergamo club, who, during the last few weeks, made 300 protective visor shields in collaboration with FabLab (3D digital printing lab at the professional training association Patronato San Vincenzo in Bergamo). Using 3D-printing technology, the teenagers produced frames and attached them to PVC sheets to make visor face shields for extra protection (to be used in addition to, not as a replacement for certified PPE) for any workers who may come into contact with potential carriers of Covid-19.

-RadiciGroup : Protective face shields: 1,000 kits for Bergamo medics

-Michelin invests in Canadian styrene recycler

Michelin’s commitment to sustainable technologies took another step forward with the tire maker’s recent investment in Canadian plastics recycling company Pyrowave.

Michelin is part of an investment team that also includes European life sciences venture capital firm Sofinnova Partners. Petrochemicals Textile Graphene Packaging

Monteal-based Pyrowave said it has developed a microwave-based chemical recycling technology that can recover recycled styrene monomer from plastic waste. The styrene monomer can be integrated in the production of synthetic rubber.

Details about the investment were not disclosed, but Pyrowave said the move was “the first step” toward bringing the modular technology to market and scale-up.

Michelin invests in Canadian styrene recycler

-Dow and Doxa Plast Partner on Bioplastics

Bio-based stretch films address brand owners’ increasing demand for renewable plastics that reduce carbon footprint without compromising performance.

Dow and stretch film manufacturer Doxa Plast together announce the commercialization of a family of bio-based high-performance stretch films aimed at addressing the increasing demand for more sustainable solutions that use alternative renewable feedstocks helping to reduce carbon footprint. Petrochemicals Textile Graphene Packaging

Reborn, the new range of stretch films by Doxa Plast, integrates Dow’s bio-based linear low-density polyethylene, ELITE™ 5230GC R Enhanced Polyethylene Resin, which is produced from renewable feedstock.

The feedstock comes from residues of paper production from sustainably managed forests in Finland.

Dow and Doxa Plast Partner on Bioplastics

-UK’s leading plastics show announces postponement to 2021

Rapid News Group, organiser of Interplas, the UK’s leading trade show for the plastics industry, has announced the postponement of the event to 2021.

Originally scheduled for 29 September – 01 October 2020, the event will now take place from 29 June – 01 July 2021.  Petrochemicals Textile Graphene Packaging

The location of the event, at the NEC, Birmingham, UK, will not be affected by the change and the event will continue to take place in Halls 4 and 3A.

The decision to postpone the event comes as a result of the unprecedented times the plastics industry finds itself in as a result of the global Coronavirus pandemic.

UK’s leading plastics show announces postponement to 2021

-Stora Enso launches B2B marketplace for renewable packaging

Stora Enso has launched Box Inc, a digital B2B marketplace for corrugated packaging made of renewable materials.

Box Inc is a new platform business designed to help companies source packaging easily online, while enabling suppliers to access new customers without having to create their own digital presence.Petrochemicals Textile Graphene Packaging

Box Inc has launched in Germany, the largest European market for corrugated packaging, with plans to expand to other markets in Europe.

The company aims to make it easier for brands and companies to buy packaging that is low-carbon, renewable, plastic-free and widely recycled.

Stora Enso launches B2B marketplace for renewable packaging

Petrochemicals Textile Graphene Packaging

Petrochemicals Car Preforms Packaging 06-05-2020