Date Archive - November 2022

This week’s digital edition is out now | Nov. 28, 2022

We hope you had a swell Thanksgiving!  This week’s issue features our 2022 North American Compounders directory. Compounders are facing a slowing demand as the global economy also slows down. Frank Esposito examines what we saw in 2022 and what compounders are expecting for 2023. He also wrote several stories on hand at the AMI Compounding World Expo.  Speaking of the economy, we hear from PN‘s economics editor Bill Wood…

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Debunking Misconceptions About the Section 179 Tax Deduction

Section 179 is one of the more misunderstood parts of the US tax code. While many companies take advantage of the tax deduction for equipment purchases, a surprising number of US businesses do not. Data is hard to come by, but according to a 2016 report by the US Department of the Treasury, the Section 179 allowance was used generally in the 70 to 80% range for C and S…

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LG Chem Targets Polycarbonate Production Via Carbon Capture

Korea’s LG Chem plans to construct an innovative carbon mitigation facility that will produce raw materials for plastics using carbon dioxide to build its foundation to achieve 2050 Net Zero. The company will construct a Dry Reforming of Methane (DRM) facility, which can produce plastics using carbon dioxide captured at the plant and the byproduct gas, methane. The DRM facility will be constructed as a 1,000-tonne/year pilot plant at the…

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Most commodity prices drop, but PE stays flat

North American prices for most commodity resins continued to drop in October. Price declines were seen in markets for polypropylene, PVC, polystyrene and PET bottle resin. Polyethylene prices in the regions were flat for the month. Regional PP prices were down an average of 15 cents per pound, according to market sources contacted by Plastics News. That drop was a combination of a decline in price for polymer-grade propylene (PGP)…

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November Most-Viewed Stories

Here are the most-read articles at Plastics Technology in November 2022. From commodity resins to your molding process, even with some K 2022 review products, our coverage brought readers answers and knowledge this Autumn. Make sure to come back next week when our December 2022 issue is published with a whole new set of feature and technical articles.  Happy Thanksgiving from Plastics Technology!Photo Credit: Stock Image

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Resin Price Report: Producers' Efforts to Tighten Supply Are Having Intended Effect

Spot resin trading improved last week. A relatively high volume of resin was sold through the PlasticsExchange platform, said the Chicago-based resin clearinghouse in its Market Update, and more railcars than truckloads changed hands. Along with regular customers, some processors that had been on the sidelines came in to secure material ahead of the Thanksgiving holiday week. Producers have continued efforts to tighten supplies by running reactors at reduced operating…

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Advanced Design & Manufacturing Montréal, Expoplast Mark Successful Return

Advanced Design & Manufacturing Montréal, Canada’s largest manufacturing expo with five co-locates including Expoplast, returned after a four-year hiatus to welcome more than 3,250 verified attendees and nearly 200 international exhibitors at the Palais des congrès de Montréal. Taking place on Nov. 9 and 10, the five co-located events — Expoplast, Pack Ex Montréal, Automation Technology (ATX) Montréal, Design & Manufacturing (D&M) Montréal, and Powder & Bulk Solids Montréal — convened…

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SK Innovations opts for Plastic Energy chemical recycling technology at Ulsan site

Plastic Energy, a London headquartered chemical recycling company and SK Innovation’s subsidiary for its green chemicals business, SK Geo Centric (SKGC), are joining forces to build a new chemical recycling plant based on technology developed by Plastic Energy. The new plant will be located at SKGC’s recycling cluster in Ulsan, South Korea and will have a projected annual processing capacity of 66,000 tonnes of plastic waste. A Heads of Agreement…

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Stabilization Technology Delivers Sustainable HDPE for Blow Molding

Plastics additives supplier Baerlocher has collaborated with processor Envision Plastics, machinery OEMs Bekum America and W. Müller, and polyethylene supplier ExxonMobil Chemical to develop new sustainable plastics for the packaging industry. Baerlocher’s innovative Baeropol T-Blends stabilization solutions significantly enhance the recyclability of virgin polyolefin resins and the quality of recycled high-density polyethylene (re-HDPE) resins used in extrusion blow molding (EBM) applications. The blends are equally applicable to post-industrial recycled (PIR) and…

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