Tag: Sanctions

Textiles sector petrochemical – Is the Internet of Things the solution? 29-07-2023

Textiles sector petrochemical

Versalis, the chemical company of the ENI group, faced another challenging quarter in the petrochemical industry as demand weakness and increased imports continued to impact their sales and operating margins

The second quarter proved to be equally difficult as the first, painting a bleak financial picture for the company.

During the second quarter, Versalis reported an adjusted operating loss of 70 million euros, a stark contrast to the 125 million euros profit achieved in the same period last year. The cumulative loss for the first six months of the year reached a staggering 179 million euros, in stark contrast to the operating margin of 10 million euros recorded in the first half of 2022. These disappointing results reflect the considerable decline in demand across all sectors and the uncertainties that plague the market, which have significantly slowed down purchasing decisions made by retailers. Moreover, the company faced continuous competitive pressure from imported products.

One of the significant indicators of this downturn is the decline in sales volume. Between April and June, Versalis sold only 820,000 tonnes of petrochemical products, down by 24% compared to the 1.07 million tonnes sold during the same period in 2022. This substantial drop in sales volume is indicative of the challenges the company encountered in this quarter. In addition to that, the plant utilization rate plummeted from 69% to 55%, signaling the severity of the situation. Textiles sector petrochemical

The cracker margin, a crucial metric for the company’s profitability, also witnessed a decline in the second quarter compared to the previous year. Margins on polyethylene and styrenics also took a hit, primarily due to the decrease in commodity prices. These margin contractions further exacerbated Versalis’ financial struggles.

The petrochemical industry as a whole experienced a complex and challenging landscape during this period, grappling with various issues related to demand, supply, and competitive pressures. Versalis’ financial woes are emblematic of the broader challenges faced by companies in this sector.

Looking ahead, Versalis will need to adopt a strategic approach to navigate through these turbulent times successfully. The company must analyze the ever-changing market dynamics and identify opportunities to optimize its operations and reduce costs. Moreover, investing in research and development to create innovative and high-value products could help them differentiate themselves in the market and gain a competitive edge.

Collaboration with key stakeholders, such as suppliers and customers, will be crucial to adapting to shifting market demands effectively. This partnership can help in streamlining the supply chain and ensuring a steady flow of products to the market when demand starts to recover. Textiles sector petrochemical

Furthermore, Versalis should explore avenues to enhance their product portfolio and focus on developing sustainable and eco-friendly solutions. With growing environmental awareness and regulations, there is an increasing demand for greener products in the petrochemical sector. By aligning their offerings with these emerging trends, the company can open new markets and strengthen their position in the industry.

In conclusion, Versalis faced another challenging quarter with significant losses, primarily driven by weakened demand and competitive pressure from imports. The uncertainties in the market and subdued purchasing decisions by retailers further compounded their financial woes. To overcome these challenges, Versalis must proactively adapt its strategies, foster collaborations, and invest in innovation to steer the company towards a more resilient and profitable future.

Textiles sector petrochemical

Smart Carpets: Revolutionizing the World of Knotted Textile Floor Coverings with IoT and Technology

The realm of interior design is undergoing a revolutionary transformation with the advent of the Internet of Things (IoT) and advanced technology. Among the innovations gaining traction are smart carpets – knotted textile floor coverings embedded with sensors and connected to the internet, offering functionalities that go beyond aesthetics and comfort.

Smart carpets epitomize how IoT and technology are driving innovation in interior design. By interacting with the environment and the people within it, they provide valuable data that can enhance safety, health, and overall living experience.

At the core of smart carpets lies sensor technology. Textiles sector petrochemical

These sensors detect pressure, temperature, and moisture, providing real-time data with a myriad of applications. For instance, pressure sensors can monitor foot traffic, helping businesses optimize their spaces and homeowners understand their living habits better.

Safety is a paramount concern, and smart carpets address this by detecting unusual movements and acting as early warning systems for falls. This feature proves especially beneficial for the elderly and those with mobility issues. In the event of a fall, the carpet can send alerts to designated contacts or emergency services, ensuring timely assistance.

Health and wellness are also areas where smart carpets can make a significant impact. Some models can monitor vital signs, such as heart rate and breathing patterns, providing valuable data for individuals with chronic conditions and informing medical interventions.

Moreover, smart carpets contribute to energy efficiency by detecting the presence or absence of people in a room. They can communicate with other smart devices to adjust lighting, heating, or cooling systems accordingly, reducing unnecessary energy consumption. Textiles sector petrochemical

Though the concept of smart carpets may seem futuristic, several companies have already made strides in this field. Sensing Tex, a Spanish tech company, has developed a smart carpet that can detect falls and monitor foot traffic. Similarly, the German company Future-Shape has created a smart floor covering that recognizes gestures and movements, enabling interaction with other smart devices.

However, like any emerging technology, smart carpets face challenges. Privacy concerns loom large due to the potential collection of personal data by these devices. Additionally, the current high cost of smart carpets makes them inaccessible to many, hindering their widespread adoption.

Despite these challenges, the potential of smart carpets is undeniable. As IoT and technology continue to evolve, we can expect more innovative applications of these knotted textile floor coverings. They represent a significant step towards creating smarter, safer, and more efficient living spaces, redefining the future of interior design.

In conclusion, smart carpets are a fascinating example of how IoT and technology are transforming the world of knotted textile floor coverings. They offer a glimpse into a future where our homes and workplaces are intelligent environments that adapt to our needs, enhancing our quality of life. With further development and accessibility, smart carpets are poised to revolutionize the way we perceive and interact with our living spaces, making them not just visually appealing but also technologically advanced hubs of safety, health, and efficiency. Textiles sector petrochemical

Textiles sector petrochemical

Braskem, the Brazilian petrochemical producer, reported a significant decline in resin sales volume during the second quarter in Brazil

According to Reuters, the company experienced a 10% year-on-year drop, primarily attributed to lower demand in the market.

During this quarter, Braskem’s ethylene plants in Brazil faced challenges, with their average utilization rate reaching 72%. This was two percentage points lower than the previous year and five percentage points below the utilization rate recorded in the first quarter.

On the other hand, the company witnessed a positive trend in its polyethylene sales in Mexico, which saw a remarkable 13% increase compared to the previous year. This surge was accompanied by a significant rise in the utilization rate for polyethylene plants in Mexico, reaching 86%.

The increase in polyethylene sales and utilization rate in Mexico can be credited to a larger supply of ethane provided by the Mexican state oil company, Pemex. Braskem stated that Pemex supplied an average of 36,000 barrels of ethane per day, surpassing the contractual volume. Textiles sector petrochemical

Braskem’s performance in the first quarter was not much better, as it also experienced challenges in its main chemicals sales in Brazil. The company reported a 15% year-on-year decrease in sales volume for main chemicals during Q1. However, resin sales remained stable during this period.

Under the umbrella of main chemicals, Braskem includes several products such as ethylene, propylene, butadiene, cumene, gasoline, benzene, toluene, and paraxylene. The sales volume for these main chemicals in Q1 2022 decreased significantly due to lower demand, which had a direct impact on the utilization rate of petrochemical crackers.

Looking at both quarters together, Braskem faced headwinds in its Brazilian operations due to weakened demand in the market. This, in turn, affected the utilization rates of their ethylene plants and petrochemical crackers.

In contrast, the positive growth in polyethylene sales in Mexico can be seen as a bright spot for the company during this challenging period. The increase was fueled by the surplus supply of ethane from Pemex, enabling Braskem to meet the rising demand in the Mexican market.

As the company continues to navigate through market fluctuations and challenges, it will be essential for Braskem to remain vigilant and adaptable. By monitoring demand trends and optimizing production capabilities, Braskem can position itself for recovery and growth in the petrochemical industry. Textiles sector petrochemical

Textiles sector petrochemical

SK Capital Partners, a private equity firm, has taken over the majority stake in Ecopol, a leading Tuscan company specializing in the production of water-soluble and biodegradable polyvinyl alcohol (PVA)-based films

These films are widely used in packaging single-dose detergents, agricultural chemicals, and water treatment applications across Europe.

As a result of this acquisition, the ownership structure of Ecopol will undergo significant changes. However, Mauro Carbone, the current CEO and previous controlling shareholder of the company, will retain a substantial stake and continue to hold the position of CEO. This move ensures continuity and stability in the leadership of the company. Additionally, Tikehau Capital, an existing investor, will maintain its presence in Ecopol as a minority stakeholder, having previously held 38% of the company.

The completion of this acquisition is subject to the fulfillment of standard regulatory requirements and approvals, ensuring a smooth transition of ownership and operations. Both Ecopol and SK Capital are committed to finalizing the deal promptly.

Ecopol has been on a growth trajectory since 2019, investing over 70 million euros in expanding its production capacity and product range. A new production line in Chiesina Uzzanese, Pistoia, was established to manufacture polyvinyl alcohol cast films (PVOH) for detergency applications. Textiles sector petrochemical

Simultaneously, a new manufacturing facility was set up in Griffin, Georgia, USA, to cater to the North American market.

Mauro Carbone expressed enthusiasm about the partnership with SK Capital, describing them as the perfect fit due to their expertise in the sector, extensive experience in the North American market, and successful track record of collaborating with entrepreneur-led companies. The shared vision of creating a more sustainable future and adherence to the values that have contributed to Ecopol’s success so far make this collaboration a strategic move for both parties.

Daniele Ferrari, Senior Director of SK Capital, sees immense potential for Ecopol to expand its presence within existing target markets and capitalize on its expertise in biodegradable films to explore new applications. As sustainability becomes an increasingly significant focus for brands and consumers alike, Ecopol’s environmentally friendly solutions are expected to gain even more traction.

Founded in 2009 and headquartered in Chiesina Uzzanese, Ecopol operates through three manufacturing facilities, two in Italy and one in the United States.

The company employs over 130 people and generates an annual turnover of approximately 45 million euros. With SK Capital’s financial backing and strategic guidance, Ecopol is well-positioned to scale its operations and further solidify its position as a prominent player in the market. Textiles sector petrochemical

The partnership with SK Capital represents an exciting chapter for Ecopol, offering access to new opportunities and resources that will drive the company’s growth and innovation. Together, they aim to continue providing sustainable packaging solutions to various industries, aligning with the growing demand for eco-friendly alternatives.

As the deal awaits regulatory approvals, both parties are optimistic about a successful outcome. The combination of Ecopol’s industry leadership and SK Capital’s expertise and support is poised to pave the way for a prosperous and sustainable future for the company. By advancing their shared commitment to environmental responsibility, Ecopol and SK Capital are set to make a positive impact on the packaging and chemical industries while contributing to a greener and more sustainable world.

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Textiles sector petrochemical

Zero Waste Europe: EU failed to rein in emissions in textiles sector

A recent paper highlights the emissions gap that apparel industry giants will face if no urgent action is taken to prevent overproduction by governments.

Published by Zero Waste Europe, the paper notes that despite being the top buyer of clothes globally, the EU has yet to set concrete measures on textile waste prevention, thereby cancelling any progress towards a sustainable fashion industry.

Theresa Mörsen, Waste & Resources Policy Officer at Zero Waste Europe, states: “Evidence shows that even with the foreseen interventions in the textile production chain, there is still a gap of almost 40% of necessary emissions reductions to meet the 1.5 degrees target. This suggests that the only way forward is to reduce overproduction”

Entitled “T(h)reading a path: Towards textiles waste prevention targets”, the paper emphasised that the most significant global warming impact of the textiles industry lies in the production phase, and urges a radical remodelling of the industry.

The EU’s Waste Hierarchy laid down by the Waste Framework Directive prioritises waste prevention over other methods like reuse, recycling, and recovery. While the Waste Framework Directive obligates countries to take measures against waste, the proposed revision of the Directive fails to include prevention targets for textiles, undermining the Waste Hierarchy’s core principle. Textiles sector petrochemical

Experience from the past decade has shown that voluntary measures such as awareness-raising campaigns always fall short of their aims and instead, Zero Waste Europe advocates for real textile waste reduction targets at EU level, a measure previously backed by the European Parliament and the European Environmental Agency.

Theresa Mörsen, Waste & Resources Policy Officer at Zero Waste Europe goes on to say, “Since member states’ waste prevention programmes have not delivered any tangible waste reduction over the past 10 years, we suggest setting concrete targets, starting with textile waste in the current revision of the Waste Framework Directive. We propose an overall reduction target for textile waste of at least one third by 2040 in comparison to 2020. It is essential to set policy on the right trajectory for substantial waste reduction as soon as possible.”

One feasible indicator for waste prevention would be to measure the weight of new textile products put on the market per capita per year.

According to the paper, the average European consumes a staggering 26 kg of textiles annually, while generating 11 kg of textile waste. The environmental consequences extend beyond the EU’s borders, as material extraction and production mostly take place outside the EU and exports of textile waste are commonplace, polluting soil and water in recipient countries in the Global South. Textiles sector petrochemical

Zero Waste Europe: EU failed to rein in emissions in textiles sector

Volvo Embraces Sustainability: Reducing the Environmental Impact of the EX30 SUV

Volvo, a renowned name in the automotive industry, has long been committed to sustainability and environmental consciousness. With the upcoming release of the all-electric EX30 small SUV, Volvo has taken significant strides to reduce its carbon footprint and minimize environmental impact. Through innovative engineering and a thoughtful selection of materials, the company has set an exemplary standard for eco-friendly automobile production. Textiles sector petrochemical

One of the most remarkable achievements in the development of the EX30 is the reduction of its total carbon footprint over a distance of 200,000 kilometers of driving. Comparatively, the EX30 boasts a footprint that is 25% lower than its counterparts, the fully electric C40 and XC40 models. This achievement is a testament to Volvo’s dedication to sustainable practices throughout the vehicle’s life cycle.

One aspect that has contributed to the EX30’s environmentally-friendly design is the use of an electric drivetrain. By opting for an all-electric powertrain, Volvo eliminates tailpipe emissions, which are a significant source of greenhouse gases. The decision to go fully electric aligns with Volvo’s ambitious goal of reducing overall CO2 emissions per car by 40% from 2018 levels by 2025.

However, the reduction in carbon footprint is not solely attributed to the electric drivetrain. The smaller size of the EX30 SUV requires less steel and aluminum in its construction. Additionally, Volvo has been conscious about incorporating recycled materials into the manufacturing process. Approximately 25% of the aluminum and 17% of the steel used in the chassis construction are derived from recycled sources, further lowering the vehicle’s environmental impact. Textiles sector petrochemical

The interior of the EX30 is a testament to Volvo’s commitment to sustainable materials. Upholstering the seats, dashboard, and doors with recycled and renewable materials has been a priority. Denim, flax, and a wool blend, which contains around 70% recycled polyester, are cleverly utilized to create a stylish and environmentally-conscious interior. Volvo has ingeniously utilized fibers that would have otherwise become waste products during the denim recycling process, giving new life to discarded materials.

Moreover, the company has integrated recycled plastics into 17% of the interior components, including the exterior bumpers. This thoughtful approach to material selection ensures that Volvo not only reduces its reliance on virgin materials but also diverts waste from landfills, thereby contributing to a circular economy.

The culmination of Volvo’s sustainable efforts results in the EX30 achieving a commendable cradle-to-gate CO2 impact of approximately 18 tons. Furthermore, the company’s commitment to recycling and sustainability extends beyond the vehicle’s initial life cycle. At the end of its service life, an impressive 95% of the EX30 can be recovered through efficient recycling of its materials, making it a truly eco-friendly choice for environmentally-conscious consumers.

Anders Kärrberg, Volvo’s head of global sustainability, emphasized the significance of the EX30 in realizing their sustainability ambitions. He stated, “Our new EX30 is a big step in the right direction for our sustainability ambitions. By 2025 we aim to reduce our overall CO2 emissions per car by 40% from 2018 levels through a 50% reduction in overall tailpipe emissions and a 25% reduction in emissions from our operations, raw material sourcing and supply chain – all on the way toward our ambition of being a climate-neutral company by 2040.” Textiles sector petrochemical

Volvo’s dedication to sustainability and environmental responsibility is a shining example of how automakers can contribute positively to the planet’s well-being. By adopting renewable and recycled materials, embracing electric drivetrains, and setting ambitious targets for reducing carbon emissions, Volvo paves the way for a greener automotive industry. The EX30 small SUV stands as a symbol of Volvo’s commitment to shaping a more sustainable future for generations to come.

Volvo Embraces Sustainability: Reducing the Environmental Impact of the EX30 SUV

Asia to lead global polyethylene terephthalate capacity additions by 2027, says GlobalData

Asia is set to lead the global polyethylene terephthalate (PET) industry capacity additions with a share of 61.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘Polyethylene Terephthalate (PET) Industry Installed Capacity and Capital Expenditure (CapEx) Forecasts by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2023-2027’ reveals that the total PET capacity of new-build and expansion projects in Asia is expected to be 5.21 million tonnes per annum (mtpa) by 2027. Increased usage of plastic in end use industry segments such as food and beverages, FMCG and pharmaceuticals are the key factors for PET industry growth in Asia. Textiles sector petrochemical

Nivedita Roy, Oil and Gas Analyst at GlobalData, comments: “For the upcoming new build projects, the region is expected to add a capacity of 5.13 mtpa from six planned and announced projects, whereas, for the expansion of the existing PET projects, the region is expected to add a capacity of 0.08 mtpa from two announced and planned projects.”

China and India are the key countries in Asia in terms of PET capacity additions. The main capacity addition in China will be from an announced project, Zhejiang Petrochemical Daishan Polyethylene Terephthalate Plant 2, with a capacity of 2 mtpa. It is expected to commence production of PET in 2026.

Asia to lead global polyethylene terephthalate capacity additions by 2027, says GlobalData

Renewable Hydrogen Bottling – Repreve closes the PET bottles circuit 28-07-2023

Plastic recycling Automotive – Composites growth 17-07-2023

Plastic recycling Automotive   electric vehicle

Petrochemicals -PET Bottle – Polymers – Feedstocks – Textiles

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Plastic recycling Automotive electric vehicle

Crude Oil Prices Trend 

Crude Oil Prices Trend by PolyestertimeCrude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by PolyestertimeCrude Oil Prices Trend by Polyestertime

 

Freudenberg, a leading global supplier of high-performance technical textiles, has recently launched a geosynthetics production line in Changzhou, China

This strategic move allows Freudenberg to cater to customers in the Asia-Pacific (APAC) region by offering Enka Solutions manufactured in China for various applications in building, industrial, and civil engineering. Furthermore, the company can now extend its services to diverse technical markets, providing finished and semi-finished products.

By investing in this new facility in China, Freudenberg significantly enhances the production capacity of Enka Solutions and strengthens its business development in the APAC region. Plastic recycling Automotive

The inauguration of the Changzhou production line took place during an opening ceremony on July 13, marking an important milestone for the company.

electric vehicle

The addition of the Changzhou production line complements Freudenberg’s existing manufacturing operations in Obernburg, Germany, and Asheville, NC. With manufacturing facilities spanning across Europe, Asia, and America, Freudenberg is now capable of serving local markets and delivering Enka Solutions products more efficiently. This localized approach not only enables the company to better meet customer requirements but also contributes to a reduced environmental impact by minimizing the need for long-distance transportation. Plastic recycling Automotive

Plastic recycling Automotive

Plastic Composites in Automotive

Plastic composites are a type of material that is made up of a polymer matrix and a reinforcing material. The polymer matrix is a resin that holds the reinforcing material together, and the reinforcing material can be made of glass fibers, carbon fibers, or other materials.

Plastic composites are used in a wide variety of automotive applications, including:

  • Body panels: Plastic composites are often used for body panels because they are lightweight and strong. They can also be molded into complex shapes, which makes them ideal for use in automotive applications.
  • Engine components: Plastic composites are also used for engine components, such as intake manifolds and exhaust manifolds. They are lightweight and can withstand high temperatures, which makes them ideal for use in these applications. Plastic recycling Automotive
  • Interior components: Plastic composites are also used for interior components, such as dashboards, door panels, and seats. They are lightweight and can be molded into complex shapes, which makes them ideal for use in these applications.
  • Under-the-hood components: Plastic composites are also used for under-the-hood components, such as air intakes and oil pans. They are lightweight and can withstand high temperatures, which makes them ideal for use in these applications.

    electric vehicle 

The use of plastic composites in automotive applications is growing rapidly. This is due to the many advantages that plastic composites offer over traditional materials, such as steel and aluminum.

Some of the advantages of plastic composites include:

  • Lightweight: Plastic composites are much lighter than steel and aluminum, which can lead to significant weight savings in vehicles.
  • Strength: Plastic composites are very strong, and they can often withstand more stress than traditional materials.
  • Durability: Plastic composites are very durable, and they can withstand the harsh environments that vehicles are exposed to.
  • Cost-effectiveness: Plastic composites are often more cost-effective than traditional materials, especially when considering the weight savings that they can offer.

As the demand for lighter, stronger, and more durable materials in automotive applications continues to grow, the use of plastic composites is expected to continue to grow as well.

In addition to the advantages listed above, plastic composites also offer a number of other benefits, including:

  • Corrosion resistance: Plastic composites are resistant to corrosion, which can save money on maintenance costs. Plastic recycling Automotive
  • Low maintenance: Plastic composites require very little maintenance, which can save time and money.
  • Environmentally friendly: Plastic composites can be recycled, which makes them a more sustainable choice than traditional materials.

Overall, plastic composites offer a number of advantages over traditional materials in automotive applications. These advantages are driving the growth of the use of plastic composites in the automotive industry.

Future Trends

The use of plastic composites in automotive applications is expected to continue to grow in the future. This is due to the many advantages that plastic composites offer over traditional materials, as well as the increasing demand for lighter, stronger, and more durable materials in vehicles.

Some of the future trends in the use of plastic composites in automotive applications include:

  • The use of advanced composites: Advanced composites, such as carbon fiber composites, are becoming more affordable and are being used in a wider range of automotive applications. Plastic recycling Automotive
  • The use of 3D printing: 3D printing is being used to create complex plastic composite parts that would be difficult or impossible to manufacture using traditional methods.

    electric vehicle

  • The use of recycled materials: The use of recycled materials in plastic composites is increasing, as automakers look for ways to reduce their environmental impact.

The use of plastic composites in automotive applications is a growing trend that is being driven by the need for lighter, stronger, and more durable materials in vehicles. As this trend continues, plastic composites are expected to play an increasingly important role in the automotive industry. Plastic recycling Automotive

Plastic recycling Automotive

Enhancing the Design and Lifecycle Management of Cars: Promoting Circular Economy in the Automotive Sector

The European Commission has put forth a set of measures aimed at bolstering the circularity of the automotive industry, encompassing the design, production, and end-of-life treatment of vehicles.

This initiative seeks to improve resource accessibility for the EU economy, align with environmental and climate objectives, strengthen the single market, and address challenges arising from the ongoing transformation of the automotive sector.

The proposed actions are anticipated to generate a net revenue of €1.8 billion by 2035. Additionally, they will lead to job creation and enhanced revenue streams within the waste management and recycling industry. Plastic recycling Automotive

Moreover, these measures will contribute to enhancing road safety in third countries by preventing the export of vehicles that are not roadworthy, while mitigating harmful pollution and health risks associated with importing used vehicles from the EU.

Replacing the existing Directives on end-of-life vehicles and on reusability, recyclability, and recoverability, the proposed regulation is expected to yield significant environmental benefits. This includes an annual reduction of 12.3 million tons of CO2 emissions by 2035, improved valorization of 5.4 million tons of materials, and increased recovery of critical raw materials. Implementation of this regulation will result in long-term energy savings during the manufacturing stage, decreased reliance on imported raw materials, and the promotion of sustainable and circular business models. Plastic recycling Automotive

Projections indicate that the automotive sector will become the largest consumer of critical raw materials used in permanent magnets for e-drive motors in Europe. Strengthening the EU’s resilience against supply chain disruptions and reducing dependence on imports of critical raw materials is crucial for transitioning to zero-emission vehicles. To facilitate this transition, the Commission has revised existing legislation and proposed a single regulation focusing on several key elements to improve quality in design, collection, and recycling while simplifying reporting obligations:

  1. ‘Design Circular’: Emphasizing circularity in vehicle design and production to facilitate easy dismantling. Carmakers will be required to provide comprehensive instructions to dismantlers regarding part and component replacement during the vehicle’s use and end-of-life stages. Plastic recycling Automotive
  2. ‘Use Recycled Content’: Mandating that 25% of the plastic used in new vehicles must come from recycling, with 25% sourced from end-of-life vehicles.
  3. ‘Treat Better’: Measures aimed at recovering more and higher-quality raw materials, including critical raw materials, plastics, steel, and aluminum. The target is to recycle 30% of plastics from end-of-life vehicles. Additional measures will support the market for parts reuse, remanufacturing, and refurbishment. Member States are encouraged to incentivize garages and repair shops to promote the sale of spare parts.
  4. ‘Improve Governance’: The new rules will strengthen producer responsibility by establishing national Extended Producer Responsibility schemes with uniform requirements. These schemes will ensure proper financing for mandatory waste treatment operations and incentivize recyclers to improve the quality of recycled materials from end-of-life vehicles, fostering enhanced cooperation between treatment operators and manufacturers. Plastic recycling Automotive
  5. ‘Collect More and Smarter’: To curb the disappearance of vehicles, the proposal includes stricter enforcement of existing rules, enhanced transparency, increased inspections, digital tracking of end-of-life vehicles throughout the EU, improved separation of old cars from end-of-life vehicles, higher fines for violations, and a ban on exporting used vehicles that are not roadworthy.
  6. ‘Cover More Vehicles’: The scope of these measures will gradually expand to include additional categories such as motorcycles, lorries, and buses, ensuring more comprehensive coverage. Plastic recycling Automotive

The European Parliament and the Council will now evaluate the Commission’s proposal for a regulation on circularity requirements for vehicle design and end-of-life vehicle management through the ordinary legislative procedure.

Source: European Commission

Enhancing the Design and Lifecycle Management of Cars: Promoting Circular Economy in the Automotive Sector

PureCycle Technologies: Revolutionizing Recycling Technology for Sustainable Expansion

PureCycle Technologies  has received a significant boost as Oppenheimer research analysts increased the stock’s price target from $10.00 to $14.00, suggesting a potential upside of 27.50% from its current price. This development has sparked considerable interest and excitement within the investment community.

Renowned for its innovative recycling technology, PureCycle Technologies has been making waves in the market by adopting a groundbreaking approach to plastic waste management. Through its advanced purification process, the company effectively eliminates color, odor, and contaminants from polypropylene plastic, transforming it into high-quality resin suitable for various applications. Plastic recycling Automotive

As sustainability takes center stage across industries, PureCycle is well-positioned to capitalize on this burgeoning trend by offering an environmentally responsible solution to plastic waste. By converting discarded plastics into valuable resources, the company not only aids in reducing landfill waste but also contributes to the circular economy.

PureCycle’s outstanding performance is evident in its stock prices, which opened at $10.98 on Friday. The firm’s 50-day moving average currently stands at $8.45, while its two-hundred day moving average sits at $7.33. These figures indicate a positive upward trajectory for the company. Plastic recycling Automotive

With a market capitalization of an impressive $1.80 billion, PureCycle Technologies reflects investors’ confidence and trust in its future prospects. Despite a negative price-to-earnings ratio of -21.53, resulting from substantial investments in research and development, the company remains an attractive choice for long-term investors seeking growth within the sustainable technology sector.

PureCycle Technologies: Revolutionizing Recycling Technology for Sustainable Expansion

China’s efforts to promote fuel cell vehicles have hit a roadblock amidst the booming electric vehicle (EV) market

As passenger car sales struggle, manufacturers, including Beijing SinoHytec, China’s largest fuel cell maker, are shifting their focus to commercial trucks and buses.

The fuel cell vehicle jointly developed by SinoHytec and Chinese automaker Changan Automobile has experienced abysmal sales since its launch a year ago. Changan dealerships in Shanghai confirmed that the vehicle was primarily developed to showcase technical capabilities rather than for commercial sales. Plastic recycling Automotive

The Changan Deep Blue SL03, touted as China’s first mass-produced fuel cell sedan, relies on a hydrogen-powered fuel cell to drive an electric motor. However, its steep price tag of 699,900 yuan ($98,000) coupled with the scarcity of hydrogen refueling stations has made it a tough sell in the market. Notably, not a single fuel cell passenger car was sold in China for six consecutive months until May, whereas monthly EV sales have surpassed 600,000 units.

SinoHytec reported a net loss of 166 million yuan for the fiscal year ending in December 2022, exceeding the previous year’s loss of 162 million yuan. Dai Wei, the president of SinoHytec subsidiary Shanghai SinoFuelCell, acknowledged that their initial approach of promoting fuel cell vehicles as clean energy with only water emissions was a misstep.

To navigate these challenges, SinoHytec aims to leverage the advantages of fuel cell vehicles over conventional EVs, such as shorter charging times, longer ranges, and better performance in low temperatures. Their focus now lies in selling fuel cells for commercial vehicles, including trucks and buses, which are lighter and offer more cargo capacity compared to EVs. Plastic recycling Automotive

In 2022, SinoHytec emerged as China’s top fuel cell supplier, accounting for 20% of the market. The company collaborated with Toyota Motor and China’s state-owned BAIC Group to provide fuel cell buses for the 2022 Beijing Winter Olympics. Meanwhile, China’s Refire, the second-largest player in the domestic market, delivered fuel cell trucks to IKEA and 49-tonne fuel cell trucks to Caterpillar, a U.S. construction machinery manufacturer.

Commercial vehicles present a significant growth opportunity. In 2022, approximately 300,000 commercial EVs were sold, accounting for 9.2% of all commercial vehicles, while fuel cell vehicle sales only amounted to 0.1% of the total with 3,681 units. Analysts at Sinolink Securities project that by 2025, 7.5% of heavy-duty trucks will be replaced by alternative fuel vehicles, with 25% of that share being fuel cell vehicles.

Fuel cell trucks offer greater cost efficiency compared to other EVs. The operating cost for a 49-tonne truck covering 1 million kilometers is 2.94 million yuan, lower than the 3.23 million yuan for a standard electric truck, according to Sinolink analysts.

Fuel cell vehicles cost 0.07 yuan per tonne per kilometer, while other EVs incur a cost of 0.08 yuan. Plastic recycling Automotive

Generous government subsidies significantly contribute to the lower total cost. A 49-tonne truck priced at 1.3 million yuan receives subsidies of 924,000 yuan from the central and local governments, reducing the purchase price to just 376,000 yuan. In contrast, an EV truck of the same size is estimated to cost 989,000 yuan.

The Chinese government is actively promoting the adoption of fuel cells as part of its carbon neutrality goals by 2060. It has set a target of 50,000 fuel cell vehicles in the country by 2025, with the aim of reducing annual carbon dioxide emissions by 1 million to 2 million tonnes.

SinoHytec’s current customer base primarily consists of publicly-owned bus companies controlled by local governments, indicating the strong influence of national policy on the company’s management. Plastic recycling Automotive

Dai from Shanghai SinoFuelCell highlights that the main raw material for fuel cells, graphite, is inexpensive. Additionally, more expensive platinum can be recycled, and mass production of fuel cells would significantly reduce costs.

China's efforts to promote fuel cell vehicles have hit a roadblock amidst the booming electric vehicle (EV) market

Sprite’s iconic green bottles go clear in Australia, making them easier to recycle in local PET recycling plants

Coca-Cola Australia announced that after nearly 60 years, Sprite’s iconic green plastic bottles will switch to clear plastic, making them easier to recycle into new bottles locally.

The switch from green to clear Sprite bottles will increase the likelihood of these bottles being remade into new bottles, meaning that they can have more than one life.

Kate Miller, Marketing Director at Coca-Cola Australia said: “At Coca-Cola, we want our bottles to have more than one life. Plastic recycling Automotive

All our Sprite bottles under 1 litre are already made from 100 per cent recycled PET plastic (excluding caps and labels).  This initiative helps to support recycling systems and gives our bottles the best chance of being recycled and processed into new bottles locally. While Australians have known and loved Sprite in its iconic green bottle for nearly 60 years, we know this is the right thing to do, as we support the transition to circularity for our packaging.”

Planet Ark Environmental Foundation, Australia’s leading environmental behaviour change organisation, welcomed today’s announcement and its potential impact on plastics recycling in Australia. Plastic recycling Automotive

Planet Ark CEO, Rebecca Gilling said: “We all have a role to play in driving our transition to a circular economy in Australia and this is a significant move by Coca-Cola Australia.  It’s critical that companies like Coca-Cola continue to invest in making sure their products have the best chance of being recycled. If bottles are collected and recycled and then turned into new bottles locally – this ultimately means less demand for new plastic, as well as reduced carbon emissions.”

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Sprite's iconic green bottles go clear in Australia, making them easier to recycle in local PET recycling plants

The exchange of Iranian natural gas for Iraqi oil, as recently mentioned by the Iraqi prime minister, is likely to breach U.S. sanctions on Tehran, according to three former U.S. officials

Unless the U.S. grants a waiver permitting such transactions, this barter arrangement would violate the sanctions. On Tuesday, Iraqi Prime Minister Mohammed Shia al-Sudani stated that Iraq intended to trade crude oil for Iranian gas to resolve ongoing payment delays caused by the need for U.S. approval.

As of July 1, Iran had reduced gas exports to Iraq by over half due to Baghdad’s failure to obtain U.S. consent for disbursing owed funds. However, Tehran has now agreed to resume gas exports in exchange for crude oil. Plastic recycling Automotive

Although specific details about the potential barter remain limited, it could help alleviate a political issue for Sudani, as power outages are unpopular in scorching Iraqi summers where temperatures can surpass 50 degrees Celsius (122 degrees Fahrenheit).

Nevertheless, three former U.S. officials have expressed that this barter arrangement would likely violate U.S. sanctions.

Richard Goldberg from the Foundation for Defense of Democracies think tank explained that conducting such a transaction with Iran without a U.S. national security waiver would be a breach of U.S. sanctions.

Goldberg, who previously served on the Trump administration national security council staff, added that the Iran Freedom and Counter-Proliferation Act prohibits any energy-related transactions with Iran. Plastic recycling Automotive

The Secretary of State, Antony Blinken, issued a 120-day waiver on March 21, allowing Iraq to solely make payments to Iran for electricity imports, excluding natural gas for domestic power generation in Iraq.

However, the possibility of amending the waiver to permit barter remains uncertain, as the State Department declined to address the issue. The Treasury Department, responsible for overseeing most U.S. sanctions against Iran, defines the term “transaction” broadly enough to include a barter exchange, according to former U.S. officials.

While this provides some flexibility for the U.S. to turn a blind eye, it ultimately becomes a political decision rather than a legal question. From a strictly legal standpoint, this barter arrangement unquestionably violates U.S. sanctions. Plastic recycling Automotive

The exchange of Iranian natural gas for Iraqi oil, as recently mentioned by the Iraqi prime minister, is likely to breach U.S. sanctions on Tehran, according to three former U.S. officials

Carbon fiber Recycling – How save ocean 15-07-2023

BGPET Hydrogen Batteries but recycling batteries is convenient and environmentally friendly? Artificial turf recycling outstanding results Is hydrogen becoming less important? 03-07-2023

BGPET Hydrogen Batteries

-BGPET Nylon still low prices 

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Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

-RadiciGroup overcomes difficulties and strengthens its position in 2022 and beyond

Bergamo, 30 June 2023 – RadiciGroup, global leader in the chemical and textile sector, today announced positive results for its 2022 financial statements despite a complex geopolitical and economic context. The Group confirms its investment strategy, allocating 70 million euros for 2023, in order to improve competitiveness and enhance human capital. BGPET Hydrogen Batteries

During 2022, RadiciGroup recorded a slight growth compared to the previous year, reaching a turnover of 1,543 million euros. This result was achieved thanks to the activities of its more than 30 production and commercial sites distributed in Europe, Asia and America. EBITDA reached 157 million euros, while the net profit for the year was 80 million euros. BGPET Hydrogen Batteries

RadiciGroup overcomes difficulties and strengthens its position in 2022 and beyond

Mr. Angelo Radici Charman of RadiciGroup

Angelo Radici, Chairman of RadiciGroup, commented on the results, stating: “We are moderately satisfied with the results achieved in 2022. Despite the unforeseen and management difficulties we faced during the year, we managed to achieve positive results. The increase in costs of energy and raw materials, combined with the outbreak of war in Ukraine and the unavailability of some raw materials, has created an extremely challenging situation, especially in the chemical sector.However, thanks to our internationalization strategy and the presence in the High Performance Polymers area, we managed to balance these difficulties and maintain a strong position.”

RadiciGroup overcomes difficulties and strengthens its position in 2022 and beyond

Mr. Maurizio Radici, Vicepresident of RadiciGroup

Maurizio Radici, Vice President of RadiciGroup, underlined the importance of investments in the current context: “Despite the uncertainties that characterize the global economy in 2023, we have decided to continue investing to strengthen our global presence and increase competitiveness in markets in growth. BGPET Hydrogen Batteries

We recently inaugurated a new production site in China, which will allow us to double production capacity to meet market growth expectations. Furthermore, we continue to invest in environmental sustainability, reducing CO2 emissions and adopting sustainable processes and solutions. ”

BGPET Hydrogen Batteries

Mr. Alessandro Manzoni, CFO of RadiciGroup

Alessandro Manzoni, CFO of RadiciGroup, underlined the solid financial management of the Group: “Our careful asset management has allowed us to maintain a stable net financial position despite the significant investments and the increase in raw material costs. This financial solidity gives us allows us to face the challenges of the global markets in which we operate.”  BGPET Hydrogen Batteries

Despite the difficulties and uncertainty of the international context, RadiciGroup is committed to continuing along the path of innovation, competitiveness and sustainability, confirming its leadership in the chemical and textile sector. BGPET Hydrogen Batteries

RadiciGroup overcomes difficulties and strengthens its position in 2022 and beyond

Mr. Paolo Radici shareholder of RadiciGroup with his brothers Mr. Angelo and Mr. Maurizio

-Hydrogen paused to contemplate its position. It was deemed too costly and lacked environmental friendliness

Hydrogen reflected on its disadvantages, acknowledging its high price tag and its failure to meet green standards. It seemed to be one of the biggest infatuations in the world of sustainable energy, as highlighted by the International Energy Agency (IEA) in 2019. This infatuation, often observed during critical energy transitions, is characterized by soaring expectations followed by disappointment with the technology.

According to a recent study by Ambrosetti, the numbers speak for themselves: by 2050, hydrogen has the potential to reduce CO2 emissions by 28%, generate a value of production between 890 and 1,500 billion euros, and create 320,000 to 540,000 new jobs. Despite these promising prospects, only 13 hydrogen projects have been implemented in Italy. So, what are the reasons behind this limited progress? BGPET Hydrogen Batteries

The costs involved, particularly electrolysis expenses, and the complexity of establishing a supply chain, including the creation of specialized infrastructure and uncertainty regarding blending with existing natural gas infrastructure, are significant challenges. Moreover, when hydrogen production claims to be green by utilizing renewable sources with virtual markets (guarantees of origin), it doesn’t necessarily mean it is carbon-free. Francesco Gulli, associate professor of energy economics and environmental economics at Bocconi University and deputy director of the Institute of Energy and Environmental Economics and Policy, explains this complex aspect. BGPET Hydrogen Batteries

Gulli emphasizes that drawing energy from the centralized electricity grid to produce hydrogen, when the electricity generation park is not yet fully decarbonized, renders hydrogen not clean, even with guarantees of origin from carbon-free renewable sources. Therefore, until the electricity generation park becomes completely decarbonized, hydrogen supply cannot be considered truly green. BGPET Hydrogen Batteries

The exception to this rule lies in hydrogen valleys, where renewable plants exclusively dedicated to hydrogen production are established without direct connection to the centralized electricity grid. However, doubts remain about the viability and justification of such projects.

This explains the significant delay in the development of hydrogen technology, which was anticipated to be one of the most ambitious experiments under the National Recovery and Resilience Plan (Pnrr) but has only received 35 proposals, accounting for half of the allocated funds. BGPET Hydrogen Batteries

Nonetheless, companies like Iren, Eni, Enel, Hera, and Snam are actively exploring hydrogen technology. However, the industry is still in the testing phase, with Snam, led by Stefano Venier, introducing hydrogen into Italian gas pipelines and storage facilities. Their aim is to blend 20% hydrogen with natural gas in a “hybrid” mix. This project progresses in stages to ensure all technical requirements are met. It’s important to note that Snam acts as a transporter rather than a producer of hydrogen. Through projects like the South2 Corridor, Snam is facilitating the development of a strategic hydrogen corridor involving more than 20 companies and targeting Italy, Germany, and Austria. This project has recently been a topic of discussion between Prime Minister Meloni and Chancellor Scholz and is expected to have future advancements. BGPET Hydrogen Batteries

Despite the goodwill of involved parties, the sector is still largely in a testing phase, and establishing a complete value chain remains challenging, as desired by the Ambrosetti think tank. Valerio De Molli, Managing Partner & CEO of The European House Ambrosetti, emphasizes the need for a long-term policy vision that combines industrial objectives with sustainability goals, based on the principle of technological neutrality. Effective governance, collaborating with Italian institutions, is crucial for implementing, monitoring, and updating the national hydrogen strategy. BGPET Hydrogen Batteries

BGPET Hydrogen Batteries

-Avantium, a leading renewable chemistry company headquartered in Amsterdam, has partnered with SCG Chemicals, an integrated petrochemical innovations company based in Thailand, to advance the development of CO2-based polymers

The primary objective of this collaboration is to bring these innovative polymers to the pilot phase.

The partnership will leverage Avantium’s groundbreaking Volta Technology platform, which utilizes electrochemistry to convert CO2 into valuable products and chemical building blocks, including glycolic acid. BGPET Hydrogen Batteries

By combining glycolic acid with lactic acid, Avantium has successfully produced a carbon-negative polyester called polylactic-co-glycolic acid (PLGA). This remarkable material boasts exceptional oxygen and moisture barrier properties, as well as impressive mechanical strength. Furthermore, PLGA is recyclable, home compostable, and marine degradable, making it an environmentally friendly choice.

Avantium, a leading renewable chemistry company headquartered in Amsterdam, has partnered with SCG Chemicals, an integrated petrochemical innovations company based in Thailand, to advance the development of CO2-based polymers

Since the beginning of 2023, Avantium and SCGC have been collaborating on the development of PLGA. Avantium has created various samples of PLGA, which were evaluated at SCGC’s Norner AS facility. BGPET Hydrogen Batteries

The positive results from this evaluation led to the establishment of a Joint Development Agreement between the two companies. The agreement aims to further explore the potential of PLGA and subsequently scale up the production of glycolic acid monomer and PLGA polyester over the next two years. The goal is to establish a pilot plant with a capacity of approximately 10 tonnes per annum.

Dr. Suracha Udomsak, Chief Innovation Officer and Executive Vice President at SCGC, expressed their admiration for the sustainability and performance characteristics of PLGA after assessing the samples. BGPET Hydrogen Batteries

He stated, “We look forward to working together with Avantium in the years to come.” Tom van Aken, CEO at Avantium, added that this partnership would enable them to advance PLGA, a highly promising carbon-negative plastic, towards commercialization. He also expressed openness to welcoming other strategic and complementary partners to participate in this collaboration.

Overall, the Avantium and SCGC partnership signifies a significant step forward in the development and application of CO2-based polymers, particularly PLGA. Their joint efforts will not only contribute to the advancement of sustainable materials but also pave the way for the next phase of commercialization.

Avantium, a leading renewable chemistry company headquartered in Amsterdam, has partnered with SCG Chemicals, an integrated petrochemical innovations company based in Thailand, to advance the development of CO2-based polymers

-FormaTurf opens first artificial turf recycling plant in Germany

Two years ago, Sport Group, a leading global supplier of sport surfaces, and its subsidiary Polytan, the leading installer of artificial grass in Germany, announced plans to build a recycling plant that would be able to recycle almost all the different types of artificial turf systems installed to date, instead of only pitches installed by Polytan.

The plant would be operated by FormaTurf, a new company established by Sport Group for this purpose. BGPET Hydrogen Batteries

Now, after two years of construction, FormaTurf announced last week that the new plant has been officially opened.  The festive opening event took place in Essen and was attended by among others, the mayor of Essen, Thomas Kufen, and the head of the department for the Circular Economy, Cornelius Laaser. Sport Group Holding was represented by Christoph von Nitzsch (CEO) and Dr. Klaus Hauschulte (COO).

The new plant spans an area of 20,000 square meters In terms of capacity, FormaTurf plans to process 200 large pitches per year. BGPET Hydrogen Batteries

The technology used by FormaTurf enables almost 100 percent of a discarded artificial turf pitch  – turf carpet, sand and rubber granulate – to be separated and recycled. Mechanical and chemical recycling is used to process the waste materials into secondary raw materials. Sand accounts for around 70% of the weight of an artificial surface, so as much sand and infill as possible needs to be separated from the turf backing and filaments during the initial stage. BGPET Hydrogen Batteries

The turf backing, including filaments, is shredded into millimetre-sized pieces and mixed with the separated infill material, a patented process called ‘aptrusion’ that allows for a sand content of up to 75%.

The FormaTurf facility is the first recycling plant dedicated to recycling artificial pitches in Germany, the company emphasised. And with FormaTurf now in operation, Sport Group is the only company in the industry to cover the entire artificial turf value chain – from research, development and production to installation, maintenance and recycling by FormaTurf, thus effectively closing the loop. BGPET Hydrogen Batteries

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FormaTurf opens first artificial turf recycling plant in Germany

-NOVA Chemicals and Plastic Energy Launch Feasibility Study on Advanced Recycling Plant to Further Canadian Circularity Aspirations

  • Facility would be constructed in the Sarnia, Ontario, region
  • If constructed, would be largest facility of its kind in Canada to date
  • Investment would build on already CAD 2 billion injected into Province of Ontario

NOVA Chemicals Corporation (“NOVA Chemicals”) and Plastic Energy have entered into an agreement to explore the feasibility of developing a pyrolysis-driven advanced recycling facility in the Sarnia, Ontario, region. If constructed, the facility would be the largest of its kind in Canada with a potential initial capacity of 66kt per annum.

“Post-use plastics offer tremendous value to furthering the circular economy, and our teams at NOVA Chemicals work daily to innovate new and collaborative ways to extend the lifecycle of our products and plastic packaging,” said Greg DeKunder, VP, NOVA Circular Solutions. “This agreement with Plastic Energy is a prime example of two companies working together to create timely, effective, and sustainable solutions that will help us make progress towards our 2030 recycled plastics ambitions, while diverting hard-to-recycle segments of plastic waste away from landfills.” BGPET Hydrogen Batteries

Plastic Energy is one of the world’s leading advanced recycling technology companies through use of its patented TAC™ process to treat post-consumer plastic waste. Recycled polyethylene manufactured using Plastic Energy-produced feedstock, called TACOIL™, has identical properties to virgin polyethylene and can be used in food contact and high-performance applications, helping manufacturers and packagers achieve their recycled content goals. Plastic Energy has two commercial recycling plants in Spain that have been in operation for seven years, alongside new projects in Europe and Asia.

“We are pleased to sign this agreement with NOVA Chemicals to explore the scope for our first advanced recycling project in Canada,” said Carlos Monreal, Founder and CEO of Plastic Energy. BGPET Hydrogen Batteries

“Advanced recycling will continue to be important for the North American market by providing a solution for incorporating recycled content into food-grade packaging. Together with NOVA Chemicals, we aim to reduce the amount of plastic waste ending up in landfills, incineration, or as leakage into the environment, which is important for the circular economy in Canada.”  BGPET Hydrogen Batteries

NOVA Chemicals recently announced its aspiration to reach 30 per cent recycled content as a share of its total polyethylene sales by 2030 in its Roadmap to Sustainability Leadership, including its commitment to build a state of the art mechanical recycling business and continue exploring world-leading and proven advanced recycling technologies. If built, this new facility would see NOVA Chemicals build on its already CAD 2 billion investment into Ontario to inject additional new technology, jobs, and long-term viability into the local and Canadian economies. BGPET Hydrogen Batteries

NOVA Chemicals and Plastic Energy Launch Feasibility Study on Advanced Recycling Plant to Further Canadian Circularity Aspirations

-BASF to establish a co-located battery materials and recycling center

BASF celebrated the opening of Europe’s first co-located center of battery material production and battery recycling in Schwarzheide, Germany, said the company.

The inauguration of a state-of-the-art production facility for high-performance cathode active materials and the unveiling ceremony for a battery recycling plant for the production of black mass represent important steps toward closing the loop for the European battery value chain – from the collection of used batteries and the recovery of mineral raw materials to their use in the production of new battery materials. Major step in Europe to participate in the rapidly growing global battery market. BGPET Hydrogen Batteries

Battery materials are at the heart of lithium-ion batteries as they significantly determine their performance and therefore play a crucial role in the transformation of mobility.

“Despite all challenges we are currently facing in Europe, is a reason for all of us to be optimistic. BGPET Hydrogen Batteries

The state-of the art cathode active materials plant and the recycling plant for black mass production underline that we at BASF believe in the future of the chemical industry in Europe and in Germany and invest in innovative products and services for our customers in our home market,” said Dr. Martin Brudermuller, Chairman of the Board of Executive Directors of BASF SE. “With our two investments we significantly contribute to the reduction of the CO2 footprint of batteries and close the loop for sustainable mobility.”

BASF to establish a co-located battery materials and recycling center

 BGPET Nylon still low prices   03-07-2023

 BGPET Nylon

 BGPET Nylon

Polyestertime
ITEM 26/06/2023 01/07/2023 +/-
Bottle grade PET chips domestic market 6,825 yuan/ton 6,850 yuan/ton +25
Bottle grade PET chips export market 905 $/ton 895 $/ton -10
Filament grade Semidull chips domestic market 6,720 yuan/ton 6,670 yuan/ton -50
Filament grade Bright chips domestic market 6,700 yuan/ton 6,690 yuan/ton -10
Pure Terephthalic Acid PTA domestic market 5,630 yuan/ton 5,665 yuan/ton +35
Pure Terephthalic Acid PTA export market 810 $/ton 790 $/ton -20
Monoethyleneglycol MEG domestic market 3,950 yuan/ton 3,890 yuan/ton -60
Monoethyleneglycol MEG export market 467 $/ton 455 $/ton -12
Paraxylene PX FOB  Taiwan market

 BGPET Nylon

 995 $/ton 977 $/ton
 -18
Paraxylene PX FOB  Korea market 972 $/ton 954 $/ton -18
Paraxylene PX FOB EU market 1,116 $/ton 1,075 $/ton -41
Polyester filament POY 150D/48F domestic market 7,510 yuan/ton 7,350 yuan/ton
 -160
Recycled Polyester filament POY  domestic market 7,200 yuan/ton 7,200 yuan/ton –
Polyester filament DTY 150D/48 F domestic market 8,900 yuan/ton 8,850 yuan/ton –
Polyester filament FDY 68D24F

 BGPET Nylon

 8,550 yuan/ton 8,450 yuan/ton -100
Polyester filament FDY 150D/96F domestic market 8,150 yuan/ton 7,980 yuan/ton -170
Polyester staple fiber 1.4D 38mm domestic market 7,200 yuan/ton 7,250 yuan/ton +50
Caprolactam CPL domestic market 12,100 yuan/ton 11,775 yuan/ton
 -325
Caprolactam CPL overseas  market 1,600 $/ton 1,500 $/ton -100
Nylon 6 chips overseas  market 1,780 $/ton 1,720 $/ton -60
Nylon 6 chips conventional spinning domestic  market 12,700 yuan/ton 12,600 yuan/ton -100
Nylon 6 chips  high speed spinning domestic  market 13,300 yuan/ton 13,150 yuan/ton -150
Nylon 6.6 chips domestic  market 19,000 yuan/ton 19,000 yuan/ton –
Nylon6 Filament POY 86D/24F domestic  market 15,600 yuan/ton 15,450 yuan/ton -150
Nylon6 Filament DTY 70D/24F domestic  market 17,900 yuan/ton 17,750 yuan/ton- -150
Nylon6 Filament FDY  70D/24F  16,400 yuan/ton 16,350 yuan/ton -50
Spandex 20D  domestic  market 36,000 yuan/ton 36,000 yuan/ton –
Spandex 30D  domestic  market 34.500 yuan/ton 34,500 yuan/ton –
Spandex 40D  domestic  market  31,000 yuan/ton 31,200 yuan/ton +200
Adipic Acid domestic market 8,800 yuan/ton 8,550 yuan/ton -250
Benzene domestic market 6,180 yuan/ton 6,220 yuan/ton +40
Benzene overseas  market 788 $/ton 746 $/ton -42
Ethylene South East market 730 $/ton 750 $/ton +20
Ethylene NWE market 728 $/ton 672 $/ton -56
Acrylonitrile ACN  domestic market 7,500 yuan/ton 7,750 yuan/ton +250
Acrylonitrile ACN  overseas market 1,250 $/ton 1,250 $/ton –
Acrylic staple fiber ASF  domestic market 13,600 yuan/ton 13,600 yuan/ton –
Viscose Staple Fiber VSF  domestic market 13,000 yuan/ton 12,850 yuan/ton -150
PP Powder domestic market 6,750 yuan/ton 6,850 yuan/ton +100
Naphtha overseas market  540 $/ton 534 $/ton -6
Phenol domestic market 6,562 yuan/ton 6,595 yuan/ton +33

 BGPET Nylon

r-PET high end eco-friendly chips = 8,000 yuan/ton  — 7,950 yuan/ton  – 50

 

Nonwovens Bioethanol Incredible Enzymatic Biomaterials 01-07-2023

Nonwovens Bioethanol

-China’s plastic products output in May 2023 was approximately 6.3 million tonnes, marking a 3.3% decrease compared to the previous year

This information is based on data provided by the National Bureau of Statistics of China. From January to May 2023, the total output reached 29.35 million tonnes, representing a 2% decline compared to the same period last year. In 2022, China’s plastic products production amounted to approximately 77.72 million tonnes, showing a 4.3% decrease from 2021. The reduced output in 2022 was influenced by lower downstream run rates in certain regions due to COVID-related lockdowns. Furthermore, the decline in overseas orders, triggered by economic recessions abroad, also contributed to the year-on-year drop in plastic products output.

The year-on-year decline has become less significant in January-May this year, primarily due to the recovery of social and economic activities as China entered a new stage of COVID-19 response. Nonwovens Bioethanol

It is worth noting that China’s Kingfa Science & Technology is planning to increase investments in the recycling business. The company aims to expand its production capacity of recycled plastics to 1 million tonnes per year by 2025, up from 400,000 tonnes per year in 2021. This expansion will involve adding 400,000 tonnes per year of capacity to existing sites in China and an additional 200,000 tonnes per year through grassroots projects in Europe and Southeast Asia.

Nonwovens Bioethanol

-Why we must invest in processing to meet recycling goals

Most waste management schemes rely on mechanical recycling — a method that Greenpeace argues“will always fail” for plastics because they are “virtually impossible to sort.” Here, Stephen Harding, managing director of Gough Engineering, argues companies must invest in processing equipment to recover and gain value from their recycled products, such as plastics masterbatch.

The EC has ruled that EU states must reduce packaging waste by five per cent by 2030. These rules cover both packaging design and waste management. Greenpeace is right to address the shortcomings of current mechanical recycling when dealing with plastics. The organisation’s Circular Claims Fall Flat Again report also highlights that plastic recycling rates declined to about 5 per cent in 2021, down from 8.7 per cent in 2018.

The report suggests that a lack of recycling infrastructure has impeded how companies deal with plastic waste. Frankly, we agree.  Nonwovens Bioethanol

Today’s recycling processing centres are not equipped to deal with the influx of recycling they receive — let alone the ability to meet ambitious new targets.What’s more, these centres must resize inconsistent shapes of various materials into a consistently-shaped final product. The answer to these challenges is to invest in shredding/granulation, sieving and sorting equipment.

Sorting products

Industrial sieves are used across almost all sectors to classify and sort products. Vibratory sieves are often used to sort raw materials such as powders and ingredients through different mesh aperture sizes, ensuring the end-product is of a uniform size. For recycling, sieves are used in a multitude of ways. A common method is to sort polyethylene terephthalate (PET) bottles. Nonwovens Bioethanol

Collected post-consumer PET bottles are delivered to recycling centres to be mechanically separated from other materials and sorted by colour for specific applications or pricing. In addition to this application, industrial sieves and screens can be used to separate everything from scarcemetals in electronics, right through to elements of household and construction waste. In fact, greaterinvestment in this kind of equipment could solve a plethora of recycling challenges — as well as reducing, or avoiding altogether, land fill charges for certain products.

A case study

Let’s look at the example of a recycling company in Norfolk, UK, that required a screening operation to separate quality classifications of glass fibres. In this instance, Gough Engineering recommended using the Vibrecon GVC5 separator.

The system is designed to order and is used to remove fine particles, separating oversize and agglomerates and conveying between processes. Multiple screening decks can be also included in a single system to separate product into two, three or four decks. For the recycling company, the system was supplied with two decks constructed in the stainless steel grade 304.

The Vibrecon classified glass fibres at 750 kgs per hour. The top deck discharges any oversized particles, and the bottom deck is designed for easy discharge of particles that are fine or undersized, which leaves the middle deck for ejecting good material. Using this method, the recycling centre could ensure that all particles are separated effectively. As well as recycling glass fibres, The Vibrecon circulatory vibratory separator is widely used to recycle a variety of other materials. Nonwovens Bioethanol

This includes several decades of use in plastics, polymer, chemicals, powders and ingredients separation.

Nonwovens Bioethanol

-Pertamina, the Indonesian state energy company, has announced its plans to commence the production of bioethanol from sugarcane and cassava this year

Additionally, they have already initiated the production of green hydrogen using geothermal energy, according to Hydrocarbonprocessing.

Indonesia, the largest consumer of palm oil biodiesel in the world, has been actively working to implement bioethanol mandates for gasoline in order to reduce fuel imports and carbon emissions. However, one of the challenges faced is ensuring an adequate supply of feedstock. Pertamina CEO Nicke Widyawati shared during a conference, “This year, we will introduce our new products: bioethanol made from sugarcane and cassava. There are plentiful feedstock options available.

Palm oil is used for biodiesel, while sugarcane and cassava are suitable for ethanol production.”  Nonwovens Bioethanol

The introduction of biodiesel mandates in the Southeast Asian country has resulted in significant savings in diesel import costs. Last year, Pertamina announced its intention to commence a trial for hydrogen production in 2023 at a geothermal plant located in Ulubelu, Sumatra. The goal is to produce 100 kg (220 lb) of hydrogen per day.

Widyawati highlighted Indonesia’s substantial geothermal potential, estimated at around 27 gigawatts (GW), with less than 10% currently utilized for electricity generation. She expressed an ambitious target to double or triple the geothermal capacity within the next five to seven years. This expansion aims not only to generate electricity but also to produce green hydrogen. Furthermore, hydrogen production has already begun, according to her statements at the conference.

In addition, Widyawati reiterated Pertamina’s previous denial of purchasing crude oil from Russia, which has been subjected to Western sanctions.

Although ship-tracking data has indicated Russian oil being discharged in Indonesia, it is common for such cargoes to be transferred to other vessels for delivery to different locations. Nonwovens Bioethanol

It is worth noting that ExxonMobil and Pertamina are collaborating on a regional carbon capture and storage project in Indonesia. The recently signed Heads of Agreement builds upon a joint study and memorandum of understanding established during COP26 in Glasgow, Scotland. The project’s purpose is to assess carbon capture and storage technologies, low-carbon hydrogen, and geologic data.

Nonwovens Bioethanol

-AJ Nonwovens officially opens new plant

AstenJohnson, a global nonwovens and textile manufacturer, has opened its new needlepunch plant in Waco, Texas, the company’s eight facility in North America.

AstenJohnson is a manufacturer of pulp & paper machine clothing, advanced technical fabrics, filaments, and nonwoven fabrics for filtration, automotive, cured-in-place piping and composites. The company has manufacturing facilities in Europe, Asia and North America, with corporate headquarters in Charleston, South Carolina.

The event was marked with a ribbon cutting ceremony attended by AstenJohnson business leaders, government representatives and members of the local community.

Strategically located in Waco, the plant will focus on supplying nonwovens fabrics for the Group’s Eagle Nonwovens and Foss Performance Materials business units and in particular, growth markets including auto light-weighting and composite manufacturing.

In addition to the latest needlepunch nonwovens technology, the plant will be clean, air-conditioned, and will have a strong focus on sustainable business practices. Described as a model of sustainability and energy efficiency, with environmental initiatives integrated into its design, AstenJohnson said it was committed to minimizing its impact on the environment while delivering superior quality products, in keeping with its Sustainability initiatives. Nonwovens Bioethanol

More…

AJ Nonwovens officially opens new plant

–Origin Materials has made a groundbreaking announcement regarding the commencement of operations at Origin 1, the world’s inaugural commercial CMF plant

This milestone achievement marks the availability of a fundamental chemical building block, CMF, on a commercial scale for the first time.

Situated in Sarnia, Ontario, the plant will serve as an innovation center dedicated to scaling up and deploying the company’s core technology platform. Emphasis will be placed on funded joint development programs and the qualification of materials for higher-value applications.  Nonwovens Bioethanol

Origin Materials, Inc. (referred to as “Origin,” “Origin Materials,” or the “Company”) (NASDAQ: ORGN, ORGNW), the foremost provider of carbon-negative materials, is committed to facilitating the global transition to sustainable materials. In accordance with prior projections, the company has initiated the startup process at Origin 1.

John Bissell, Co-Founder and Co-CEO of Origin Materials, expressed his excitement about the initiation of operations at Origin 1, describing it as a momentous accomplishment in their mission to decarbonize materials worldwide. Bissell stated, “This plant significantly scales up our revolutionary core technology platform. We anticipate that the impact of our platform intermediates, CMF and HTC, will be transformative for the chemical industry and manufacturing processes worldwide.” Nonwovens Bioethanol

The newly established plant will supply various industries with intermediate chemicals and materials, applicable to a wide array of end markets such as clothing, textiles, plastics, packaging, automotive parts, tires, carpeting, toys, fuels, and more. This market has a value of approximately $1 trillion. The facility represents a substantial upscaling of Origin’s technology platform, enabling the conversion of sustainable wood residues into versatile intermediate chemicals.

CMF (chloromethyl furfural), a versatile chemical building block, holds the potential to produce numerous downstream products. One such product is para-xylene, a precursor to PET plastic, while FDCA (furandicarboxylic acid) can be utilized in various sustainable products and materials, including the next-generation polymer PEF (polyethylene furanoate). Additionally, the plant will generate HTC (hydrothermal carbon), which finds application in the production of sustainable carbon black for automotive tires.

Bissell expressed his enthusiasm, stating, “We are delighted to offer our intermediates to industries on an unprecedented scale. The commercialization of CMF is a historic milestone, comparable to that of ethylene. After over a decade of pilot-scale work with CMF, we are thrilled to commence commercial production in Sarnia.”

Origin 1 will operate with the goal of meeting customer demand for qualification and sampling. Furthermore, the plant is expected to play a vital role in developing higher-value products and applications for CMF, HTC, and other co-products. These premium offerings are projected to be manufactured and distributed on a global scale from future plants, including Origin 2, Origin 3, and potentially licensed facilities.

Bissell acknowledged the resilience of the team in overcoming challenges posed by the pandemic and supply chain disruptions, highlighting the startup of Origin 1 as evidence of their strength. Nonwovens Bioethanol

He affirmed the company’s readiness to meet substantial customer demand for their renewable and carbon-negative products, as they continue their mission to drive the world’s transition to sustainable materials.

Plastic Recycling automotive 30-06-2023