Company News
July 9, 2020
Recticel Recovery
Press Release of Recticel – 09 July 2020 Update on COVID-19 impact – Business recovering after April low point
Olivier Chapelle (Chief Executive Officer): “After the low activity point of April, our sales progressively rebounded in May and further accelerated in June, which combined with the current strength of our orderbooks, gives me confidence that we are now emerging from this extraordinary crisis. In the second half of 2020, the topline of our retained businesses is expected to be back at the level of the second half of 2019, provided that no second wave of coronavirus cases occurs.”
July 7, 2020
BASF Recycling Project
BASF advances chemical polyurethane recycling
by Craig Bettenhausen
July 4, 2020 | APPEARED IN VOLUME 98, ISSUE 26
Credit: BASF BASF plans to convert polyurethane foam mattresses back into the polyol (brown bottle, left) from which they’re made.
In a lab in Brandenburg, Germany, BASF researchers are turning polyurethane mattress foam back into its polyol starting materials. It’s easy to sort mattresses out of waste streams but not to recycle them. That combination makes mattresses an attractive target for BASF’s drive toward circular supply chains, says technical project manager Arno Volkmann. The firm expects to have pilot quantities of recycled polyol later this year. BASF says it is also working to recover diisocyanate, the other major foam component.
July 7, 2020
BASF Recycling Project
BASF advances chemical polyurethane recycling
by Craig Bettenhausen
July 4, 2020 | APPEARED IN VOLUME 98, ISSUE 26
Credit: BASF BASF plans to convert polyurethane foam mattresses back into the polyol (brown bottle, left) from which they’re made.
In a lab in Brandenburg, Germany, BASF researchers are turning polyurethane mattress foam back into its polyol starting materials. It’s easy to sort mattresses out of waste streams but not to recycle them. That combination makes mattresses an attractive target for BASF’s drive toward circular supply chains, says technical project manager Arno Volkmann. The firm expects to have pilot quantities of recycled polyol later this year. BASF says it is also working to recover diisocyanate, the other major foam component.
July 1, 2020
LyondellBasell Announces August Increase for PP Following Propylene Hikes
LyondellBasell to increase US polypropylene prices for August by 3 cents/lb: letter
- Author Emmanuel Gallegos
- Editor Keiron Greenhalgh
- Commodity Petrochemicals
New York — LyondellBasell subsidiaries Equistar Chemicals and Mexico City-based Basell Poliolefinas plan to increase their polypropylene prices in North America by 3 cents/lb ($66/mt) for August, the company said in a letter to customers June 29.
The increase would be in addition to all previous price-increase announcements, Equistar said in the letter.
The letter said they would increase their August polypropylene prices by the change in polymer-grade propylene pricing for the month from July 2020.
PGP contracts settled June 29 at 26.5 cents/lb, moving up 5 cents/lb ($110/mt) from the May PGP price of 21.50 cents/lb.
The increase to the US June polymer-grade propylene contract price was in line with market expectations of a price increase.
The settlement marks the first price increase since September 2019, S&P Global Platts data showed.
PGP contract prices remain at an 11-year low and were last lower January 2009 at 22 cents/lb, according to Platts data.
July 1, 2020
LyondellBasell Announces August Increase for PP Following Propylene Hikes
LyondellBasell to increase US polypropylene prices for August by 3 cents/lb: letter
- Author Emmanuel Gallegos
- Editor Keiron Greenhalgh
- Commodity Petrochemicals
New York — LyondellBasell subsidiaries Equistar Chemicals and Mexico City-based Basell Poliolefinas plan to increase their polypropylene prices in North America by 3 cents/lb ($66/mt) for August, the company said in a letter to customers June 29.
The increase would be in addition to all previous price-increase announcements, Equistar said in the letter.
The letter said they would increase their August polypropylene prices by the change in polymer-grade propylene pricing for the month from July 2020.
PGP contracts settled June 29 at 26.5 cents/lb, moving up 5 cents/lb ($110/mt) from the May PGP price of 21.50 cents/lb.
The increase to the US June polymer-grade propylene contract price was in line with market expectations of a price increase.
The settlement marks the first price increase since September 2019, S&P Global Platts data showed.
PGP contract prices remain at an 11-year low and were last lower January 2009 at 22 cents/lb, according to Platts data.
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