Daily prices and market trends across the entire petrochemical chain

| May 27, 2019

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Whether you process olefins or make finished plastic products, you need clarity and transparency about today’s spot prices and trends across the entire petrochemical value chain to make informed business decisions. OPIS PetroChem Wire is the industry’s sole source for real transactional prices, with relevant news and focused commentary. OPIS PetroChem Wire’s olefins and polyolefins prices currently serve as benchmarks for NYMEX and CME physical and swap contracts. Every day, we confirm actual spot market transactional prices for commodities such as ethylene, propylene and resins.

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Novamont

Our industrial company’s roots lie in the Montedison School of Materials Science where some research workers started to develop an ambitious project to integrate chemistry, the environment and agriculture: "Living chemistry for quality of life".

OTHER ARTICLES

Organic Oil Recovery improves productivity of existing reservoirs

Article | May 10, 2021

MAY 2021 ///Vol 242 No. 5 FEATURES Organic Oil Recovery improves productivity of existing reservoirs A transitional technology producing excellent results in extracting hard-to-reach oil is attracting the attention of many large operators. Ancient, resident microbes are used to liberate large oil deposits in depleted reservoirs, thanks to science uncovered by studying the humble Australian koala. Roger Findlay, Organic Oil Recovery It began in almost outlandish fashion, with a scientist’s fascination with the complex digestive system of an Australian marsupial, the koala. Today, it has evolved into a green technology that is helping major producers around the world potentially reach billions of dollars of oil that they feared they could never access or bring to the surface. As the pressure on the oil and gas industry continues to grow, to find new ways to operate with less impact on the environment, Organic Oil Recovery (OOR) is reducing the need for further exploration. Instead, it is helping producers focus on the reservoirs already in situ to extract even more precious resource—at very low cost—from deep below the ground or seas, across a myriad of jurisdictions and geographies.

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What are Fine Chemicals & Why you should Outsource its Production

Article | May 10, 2021

Fine chemicals are those which are produced with a very high standard of purity and are intended for use in specialized applications. If you are starting a new company or investing into the development phase of a new product, outsourcing the production really makes good sense. This safeguards you and your business from the financial losses suffered out of halting the production of a product unevenly. A single substance created with the assistance of chemical reactions, which is additionally integrated into highly evolved applications is called a fine chemical. In contrast to bulk chemicals that are produced in large quantities, fine chemicals are produced in small batches because of their specialized nature. They are mainly used as starting materials for pharmaceuticals, agrochemicals & biopharmaceuticals.

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Why QuickStart Chemical Management Can Save Your Assets

Article | May 10, 2021

The world of Environmental, Health and Safety (EHS) IT systems is a vast one. Therefore, it cannot be stressed enough that organizations need to be nimble and armed with easy-to-deploy, interoperable, portable systems. Most mature organizations opt for a risk-based EHS management system framework designed to meet a continually evolving and dynamic business and operating model. A risk-based approach offers flexibility, within defined boundaries, for alternate solutions to risk management needs. Standard frameworks recommend mandatory controls when there is potential for high-consequence events. Moreover, risk control measures which have been proven effective and considered technically superior are increasingly used.

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Southeast polyolefins demand growth could be negative again in 2021

Article | May 10, 2021

BEFORE the pandemic, GDP growth rates in the developing world were always higher than in developed economies.And because developing economies had much lower levels of petrochemicals consumption than their rich counterparts, it meant that the multiples over GDP were higher than in the rich word, where consumption was pretty much saturated. For instance, polyethylene (PE) demand in a developed country such as Germany might have grown at 0.3% times GDP whereas in Indonesia the growth could have been one or more times higher than the rate of growth in GDP.But as The Economist wrote in this 11 July article: “In 2021 the poorest countries, which are desperately short of vaccines, are forecast to grow more slowly than rich countries for only the third time in 25 years.” Might the multiples over GDP growth also be adversely affected in the developing world, trending lower than the historic norms? They will almost certainly remain higher than the rich countries. But here is the thing: as millions more people are pushed back into extreme poverty by the pandemic or are denied the opportunity to achieve middle-income status, I believe that developing-world multiples may well decline.Escaping extreme poverty means being able to, say, afford a whole bottle of shampoo for the first time rather than a single-serve sachet, thereby raising per capita polymers consumption.

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Spotlight

Novamont

Our industrial company’s roots lie in the Montedison School of Materials Science where some research workers started to develop an ambitious project to integrate chemistry, the environment and agriculture: "Living chemistry for quality of life".

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