Polyflow to creat a new company to make chemicals from plastic waste

(Plastopedia)-- Polyflow and private-equity firm Ambassador Enterprises of Ft. Wayne, Ind., have agreed to create a new company, Renewable Energy Solutions by Polyflow, to commercialize Polyflow's energy recovery equipment and technology. The new firm will be known as RES Polyflow.

"Our goal is to be the worldwide standard for profitable energy recovery from plastic waste," said Jay Schabel, the current Polyflow Ceo. "With the addition of Ambassador Enterprises as our strategic partner, RES Polyflow will produce and demonstrate our continuous feed waste to energy recovery system."

The patented process and proprietary equipment developed by RES Polyflow converts mixed and unwashed plastic waste, tires and carpet into a spectrum of energy products ranging from transportation fuels, octane enhancers and chemical intermediates used in the production of new plastic and rubber.

RES Polyflow's will focus on establishing independently operated energy recovery facilities as well as selling licensed equipment to energy park developers, recyclers, landfill operators and organizations managing large polymer waste streams. In addition to implementing the technology in North America, opportunities to export RES Polyflow's locally produced process equipment to Europe, China, India and Australia are being explored with strategic partners.
MRC

HellermannTyton to launch its third plant

(Plastopedia) -- HellermannTyton Corp. hopes to begin production at its third plant in Milwaukee, said James Campion, president of the company's North America operations. The company plans to move about half of the equipment at its Faulkner Road plant to the new factory.

HellermannTyton received a USD2.75 million loan from MEDC, a business lender affiliated with the City of Milwaukee, to help finance the USD6.5 million project.

The company, which does plastic injection and extrusion molding, makes products for bundling, labeling, protecting and connecting wires and cable. Its customers include Navistar International Corp., Ford Motor Co., Freightliner Trucks, a division of Daimler Trucks North America LLC, Deere & Co. and Caterpillar Inc.

HellermannTyton is a leading, global manufacturer of systems and solutions which help world-class customers better manage and identify wire, cable, and components. Located in over 30 countries, HellermannTyton offers an integrated approach in the design, manufacturing, and delivery of its products which result in higher quality and lower costs for our customers.
MRC

Russian PS prices to rise in August

MOSCOW (MRC) - In August the price of Russian polystyrene is likely to increase by Rb1,500/tonne, according to MRC analysts.

From the beginning of the year, the prices of high-impact polystyrene (HIPS) and general purpose polystyrene (GPPS) in Russia have been growing, reaching their peak in June. In early July, price quotations decreased and remained at Rb66,500-72,000/tonne for HIPS and Rb63,000-70,000/tonne for GPPS during the month.

The high prices of polystyrene was backed by converters’ demand. Russian producers of polystyrene kept the capacity utilization at a high level in H1 2012, which, however, was not sufficient to meet the increased demand. In this situation local buyers increased supplies of imported polystyrene.

In July, the price of European polystyrene decreased by EUR70-100/tonne following the fall of the contract price of styrene by EUR115/tonne from June level. This allowed Russian companies to increase purchases in foreign markets, particularly, in Europe. Thus, in June 2012 the imports of HIPS and GPPS exceeded 10,000 tonnes.

In August, the European market participants expect the prices of styrene monomer to increase by EUR100-120/tonne, which will return to the June level of prices, and also reduce the attractiveness of European polystyrene for Russian buyers.

In early July, the Russian maker of polystyrene Gazprom neftekhim Salavat stopped the production of the material on a scheduled turnaround. The plant is to resume the production of polystyrene in August, 28. Market participants said that the formed stocks was only enough to meet the needs of customers in July.

The only Russian producer of polystyrene that is able now to meet the needs of Russian consumers in August is Nizhnekamskneftekhim. The producer has not voiced its price quotation. As per unconfirmed information, the price of Nizhnekamsk HIPS and GPPS for August will increase by Rb1,500/tonne. Taking into account the limited supply and the expected increase of price quotations in Europe such trend looks realistic.
MRC

PVC prices in the Asian market have risen

MOSCOW (MRC) – By late July PVC quotations in the Asian market had grown due to a stable demand in some markets and a limited supply. But it is early to talk about the sustainable price increase due to a low demand for PVC in the main market – in China, report MRC analysts.

By late July PVC prices in the Asian market had mounted up to USD930-970/tonne, CFR. The increase in prices was supported by a limited supply, high buying activity in the region and speculative actions of some market players. Many local makers are going to reach the price level of USD1,000/tonne, CFR, in August.

Chinese producers expect the further rise in PVC prices in the region. Higher prices in the region will allow them to increase export sales since the demand in the local market is weak and the price-level remains quite low. Ethylene and acetylene resin is contracted in the range of Yuan6,750-6,900/tonne, FD, and Yuan6,400-6,600/tonne, FD, respectively. Export prices are yet kept in the range of USD850-880/tonne, FOB, and USD 860-890/tonne, FOB, for acetylene and ethylene PVC, respectively.

In the South-East, Indonesia and Malaysia the demand for PVC has surged despite Ramadan holidays. In the Indian market there is a good demand for PVC due to a limited supply from domestic producers and a stable demand from local converters.
MRC

Global PE industry has a great growth potential

(Plastemart) -- The global polyethylene industry experienced strong growth over the last five years and is expected to continue advancing as it reaches approximately USD148.1 bln in 2017 with a CAGR of 3.5% over next five years. Strategies such as new product innovation, processes, and feedstock technologies are expected to help players capture market share.

APAC (Asia-Pacific regions) dominates the polyethylene market and represents 41.8% of the global market. Polyethylene is a consolidated industry and consists of high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and low-density polyethylene (LDPE) as the segments.

APAC and the Rest of the World (ROW) both represent sound market growth potential for the polyethylene industry during the forecast period. China and India are expected to drive the polyethylene industry due to low-cost labor, downstream processing capacity additions, and government-supported subsidy packages. They present great growth potential in the plastic films and sheet market. The introduction of ultra-high molecular weight polyethylene and sugarcane-based polyethylene are emerging trends that are expected to affect the future growth in the industry.

Innovations in packaging, rising living standards and population, growing demand in end user markets, and emerging economies are anticipated to boost the industry.The industry is expected to face certain challenges such as regulatory standards to reduce CO2emissions, fluctuation of crude oil prices and product commoditization.
MRC