Amcor launched patented medical facility closure technology

Amcor launched patented medical facility closure technology

MOSCOW (MRC) -- Amcor, a global leader in developing and producing a diverse offering of responsible packaging solutions, today announced the launch of a proprietary healthcare lidding technology that will be utilized for combination products – those consisting of two or more regulated components (device, drug or biologic), said the company.

This latest innovation from Amcor is based on a patented inert film development and laminate design. It provides a lidding solution that can withstand heat sterilization, the process of preserving and sterilizing items, while preventing drug uptake into the packaging. The packaging solution is ideal for combination healthcare products, such as devices with an Active Pharmaceutical Ingredient (API) that forms the basis of a medicine. It ensures machinability, integrity after sterilization, as well as a convenient peel opening for patients. The features of the new product complement Amcor’s existing healthcare portfolio, which range from lidding for demanding sterilization environments to high barrier overwraps protecting eye droppers and medications for the eye.

Amcor collaborated with Johnson & Johnson Vision over the course of several years to develop the lidding technology for use with contact lenses. Each company contributed specific skills and perspective, notably Amcor’s expertise with film extrusion, lamination and conversion for healthcare, and J&J Vision’s expertise on ophthalmic device packaging requirements.

Peter Konieczny, Amcor’s Chief Commercial Officer said: “We are bringing together industry-leading innovation and close customer relationships to develop the packaging solutions of the future. With this next-generation healthcare lidding technology we are opening a world of possibilities for products using active pharma ingredients. We look forward to extending this differentiated lidding technology to additional combination products in the future."

As per MRC, Amcor announced its support for the launch of the U.S. Plastics Pact’s Roadmap to 2025, an aggressive national strategy for how the U.S. Pact, Amcor and other signatory organizations – known as Activators – will achieve four 2025 targets.

According to MRC's ScanPlast, the estimated PET consumption in the first half of this year amounted to 411,200 tonnes, which is 12% more than the same indicator of the previous year. In June, Russian companies processed 62,910 tonnes of material against 85,890 tonnes a month earlier.

Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home- and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and made using an increasing amount of recycled content.

US ethylene exports drop and shift from Asia to Europe as producers focus on restocking inventories

US ethylene exports drop and shift from Asia to Europe as producers focus on restocking inventories

MOSCOW (MRC) -- US ethylene exports have declined and shifted from Asia to Europe as US producers focus on restocking inventories in the aftermath of a deep freeze that hit the US Gulf Coast in mid-February and subsequent operational issues that squeezed output, reported S&P Global with reference toNavigator Gas CEO Henry Deans' statement Aug. 17.

"Although production rates have increased, they have not risen as quickly as predicted and have therefore taken some time to replenish the ethylene pipeline," he said during the company's Q2 2021 earnings call.

"This, coupled with production hiccups, patchy cracker reliability and strong domestic demand and pricing has favored just domestic supply over exports, which had an all-on impact on our shipping business," Deans said.

Navigator is a 50% partner in Enterprise Products Partners' 1 million mt/year ethylene export terminal on the Houston Ship Channel.

The freeze brought sustained subfreezing temperatures to the US Gulf Coast and much of the US in mid-February, forcing more than 70% of 40 million mt/year of US ethylene capacity offline for several weeks.

Subsequent production headwinds continued into Q3 2021, Deans said, "and currently show no signs of abating."

He said US ethylene inventories remain at five-year lows amid hurricane season, and producers remain focused on building inventory. August and September tend to be the months during the June-November US Atlantic hurricane season when major storms are most likely to develop and hit the US Gulf Coast.

As MRC informed previously, Enterprise Product Partners' PDH unit in Mont Belvieu was taken off-line for a turnaround in early February. Thus, the PDH unit was shut for scheduled maintenance on Feb. 1 for approximately six weeks. This PDH unit has the capacity of 750,000 mt/y of propylene.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.

PP imports to Ukraine decreased by 5% in January-July

MOSCOW (MRC) -- Ukraine's polypropylene (PP) imports totalled about 71,800 tonnes in January-July of this year, down 5% year on year.
Only some grades of propylene copolymers imports have grown, according to MRC's DataScope.

July PP imports to Ukraine increased to 12,200 tonnes from 9,800 tonnes a month earlier, local companies increased their purchasing of homopolymer PP in Russia. Overall imports of propylene polymers reached 71,800 tonnes in January-July 2021, compared to 75,600 tonnes a year earlier. The main decrease in imports accounted for homopolymer PP, while imports of some propylene copolymers increased.

The structure of PP imports by grades looked the following way over the stated period.

July imports of propylene homopolymers to the Ukrainian market exceeded 9,300 tonnes from to the Middle Eastern and Russian producers, while in June this figure was about 7,500 tonnes. Thus, overall homopolymer PP imports reached 53,500 tonnes in the first seven months of 2021, down by 10% year on year.

Last month's imports of block copolymers of propylene (PP block copolymers) were about 1,100 tonnes, compared to 800 tonnes in June, demand for injection moulding PP block copolymers increased. About 6,900 tonnes of PP block copolymers were imported in the seven months of this year, compared to 7,100 tonnes a year earlier.

July PP random copolymers imports increased to 1,500 tonnes from 1,100 tonnes a month earlier, supplies of pipe polypropylene increased.
Total PP random copolymer imports to Ukraine reached 9,300 tonnes in the first seven months of the year, compared with 8,300 tonnes year on year. Overall imports of other propylene copolymers totalled slightly over 2,100 tonnes over the stated period.


COVID-19 - News digest as of 18.08.2021

1. Lotte Chemical uses BASF stabilizer to deliver high-clarity medical PP for syringes used in COVID-19 vaccinations

MOSCOW (MRC) -- Lotte Chemical, a major Korean chemical company, has produced the polypropylene (PP) required for medical applications using BASF’s Irgastab, a non-discoloring processing stabilizer. With the rollout of COVID-19 vaccinations worldwide, the need for syringes made from PP has increased exponentially, as per BASF's press release. Lotte Chemical’s medical PP has been applied to the LDS (low dead space) syringes developed by a medical syringe manufacturer in South Korea. These specialized products are designed to minimize the amount of a drug left in the device after injection which leads to reduced vaccine wastage. As a result, LDS syringes are in huge demand globally as it is estimated to enable 20% more people to get the dose with the same amount of vaccine.


Crude oil futures up in Asia on lower US stocks

Crude oil futures up in Asia on lower US stocks

MOSCOW (MRC) -- Crude oil futures were higher during mid-morning trade in Asia Aug. 18 following the decline in US inventories, as per the American Petroleum Institute's latest data, but the upside was capped by a stronger US dollar and prevailing concerns over the spread of the COVID-19 delta variant, reported S&P Global.

At 12.30 pm Singapore time (0430 GMT), the ICE October Brent futures contract was up 24 cents/b (0.34%) from the previous close at USD69.27/b, while the NYMEX September light sweet crude contract was up 23 cents/b (0.34%) at USD66.86/b.

US crude inventories declined by about 1.16 million barrels for the week ended Aug. 13, latest data from the API showed, while China, the world's largest energy consumer, has reported that its daily crude processing in July had dived to its lowest in nearly 15 months. The API data also showed that gasoline inventories declined by about 1.2 million barrels last week, compared with a 1.1 million-barrel draw the prior week.

However, analysts said further upside was capped by a stronger US dollar as disappointing economic data from China and the spread of the delta variant weighed on the risk appetite for commodity prices.

"The strengthening of the dollar has potentially added to the downward pressure of the oil prices," said Vandana Hari, CEO at Vanda Insights on Aug 18, added that oil prices has been impacted by the outbreak of delta variant which has created significant downside risk for the oil market. Despite the grim situation, she expects the impact of the delta variant to be short lived and fall of the oil prices could be nearing its bottom.

ANZ research analysts said that poor data out of China remains a concern as mobility in key cities such as Beijing has been curtailed by authorities trying to curb the outbreak.

As MRC informed earlier, crude oil stockpiles fell modestly last week, while gasoline inventories dipped to their lowest level since November, according to the US Energy Information Administration. Crude inventories fell by 447,000 barrels in the week to Aug. 6 to 438.8 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel drop. Overall crude inventories have been on the decline for several weeks due to increased demand.

We remind that US crude oil production is expected to fall by 160,000 barrels per day (bpd) in 2021 to 11.12 million bpd, the US Energy Information Administration (EIA) said in a monthly report, a smaller decline than its previous forecast for a drop of 210,000 bpd.