Supply tightness has eased for much of the oxo-alcohols chain, though some limitations remain.
This includes major producer BASF's force majeure on n-butanol (NBA) - a key feedstock for the rest of the oxo-alcohols chain.
Acrylate esters editor Mathew Jolin-Beech discusses market conditions with oxo-alcohols editor Nicole Simpson, glycol ethers editor Eashani Chavda and butyl acetate (butac) editor Nick Cleeve.
LONDON (ICIS)—Senior Editor Caroline Murray and Senior Editor, Recycling, Matt Tudball discuss supply and demand in the European polyethylene terephthalate (PET) and recycled PET markets, and what the drop in virgin PET price levels could mean for supply in the R-PET sector.
The orthoxylene (OX) - phthalic anhydride (PA) - plasticizers value chain has seen a number of hiccups on the supply front in the first half of 2021 against buoyant demand, with tightness characterizing all three markets in the first quarter and the start of the second quarter.
Some supply curtailments are receding in June all along the chain, and ICIS editors Nick Cleeve, Anne-Sophie Briant-Vaghela and Nicole Simpson have been sounding the market on the extent and the sustainability of the demand in the months to come.
The chemical industry faces an uphill battle to transform itself quickly enough for a low carbon future, but it is a battle it must win.
- Study by Germany’s nova Institute suggests 100% of plastics production could be low carbon by 2050
- But faces formidable supply chain and technological challenges
- Developing world will fail to improve recycling without massive investment
- Strong demand growth may absorb waves of new polyethylene (PE) capacity
- Europe seeing strong chemicals demand, some markets normalising
- Supply chain disruption continues to crimp supply
- Coronavirus resurgence in southern China hits ports
Governments and regulators need to act more quickly on climate change to give chemical companies certainty as they plan to invest in low carbon technologies.
- Chemical and energy companies could partner to secure renewable energy supplies
- BASF CEO Martin Brudermuller says company needs more renewable energy to meet climate goals
- Brudermuller warns that Europe may fall behind the US and China on renewables
- Industry needs certainty on targets, regulation, support
- Court decision against Shell highlights need for swift climate action by oil companies
- G7 leaders should commit to vaccinating emerging economies
- Rising inflation could push up interest rates and dampen economic growth
Used cooking oil methyl ester (UCOME) and hydrotreated vegetable oil (HVO) consumption is set to rise annually up to 2030 in Europe due to the EU Renewable Energy Directive mandates (EU RED II).
The waste-based biodiesel grades, which has higher greenhouse gas emissions savings properties compared to conventional crops-based biodiesel, can also be used as a feedstock to produce sustainable aviation fuel.
Spot demand for UCOME and HVO volumes is already on the rise, as Europe emerges out of lockdowns.
Market reporters Daisy De Selliers, Andrew Putwain, and Nazif Nazmul discuss how the European UCOME and HVO market landscape is evolving.