Archive: August 31, 2023

Blog

PET Resin

Aug 31, 2023 by admin 0 Comments

Neste has entered a cooperation with Suntory, ENEOS and Mitsubishi Corporation to enable the production of polyethylene terephthalate (PET) resin made with renewable Neste REā„¢ on a commercial scale. The introduction of bio-based materials will reduce fossil resource dependence in the PET value chain.

Neste RE is Nesteā€™s feedstock for polymers production, made 100% from bio-based raw materials such as waste and residues, e.g. used cooking oil, to replace fossil feedstock in the value chain. Japanese beverage company, Suntory, will utilise the renewable PET resin to produce bottles for its products in 2024.

Hydrocarbon Engineering

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Sustainable polymer

Aug 15, 2023 by admin 0 Comments , , ,

Borouge PLC and Borealis have announced the launch of two new sustainable polymer products for the automotive industry, made from up to 70% recycled materials. They are the first sustainable products developed at Borougeā€™s compounding manufacturing plant (CMP) in Shanghai, China, which recently received ISO 14067 certification for carbon footprint assessment.

 

News and Blog

Petroleum

Aug 10, 2023 by admin 0 Comments , , ,

Global oil prices moved steadily higher during July and into early August, reflecting a market tightening long projected by this Report. Deepening OPEC+ supply cuts have collided with improved macroeconomic sentiment and all-time high world oil demand. North Sea Dated rose by $10/bbl over the month to around $85/bbl, its highest since April. With output cuts hitting the heavy sour crude market hard, Dubai crude is trading at a rare premium to Brent, while the price of Urals crude has breached the G7-led price cap now making all Russian oil exports ineligible for G7 and EU maritime services.