Rubber Processing Oil for SALE [Lahore]

Packing: Metal Drum of 250Kg each.

Rubber Processing Oil    [origin Iran]

Characteristic	Value	Test Method ASTM
Kinematic Viscosity @ 100 °c ,Cst	32	D-445
Flash Point °c	260	D-92
Pour Point °c	35	D-97
Specific gravity @15.6°c / 15.6°c	0.995	D-4052
Aniline Point °c	45	IP-2
Ash Content wt%0.02	0.02	D-482
Carbon type analysis, % (Ca, Cn, Cp)	32,24,40	D-3238

Contact: Mr. Khan. 0333-433-5040

Plastics Marketplace Alert!

Plastics for Sale

Item #	Family	Description	Location	Form	lbs	$/lb
343-5113	ABS	CYCOLAC MG47 GY6C052F		PRIME	88000	$1.27
705-5108	ABS	BASF Terluran BX11000		PRIME	12000	$1.00
705-5109	ASA	BASF Luran S778T		PRIME	15000	$1.00
117-5112	Glass/Polypropylene	Long glass 50% parts		SCRAP	30000	$0.15
343-5114	HDPE			REGRIND	11000	$0.43
39-5124	PBT	Valox 430-1066 BK		PRIME	15400	$1.08
705-5110	PBT	(Crastin SK602CS) - 15% Glass Filled Natural		PRIME	20000	$1.65
705-5111	PBT	(Crastin ST830FR) - Super Tough Natural		PRIME	40000	$1.25
39-5123	PC	Lexan 144R-801 WT		PRIME	8800	$2.05
78-5115	PC	We have 87mt of Lexan clear high flow pellets. Here are the approx. break down. 51mt mvr=25-40 31mt mvr=40-50 5mt mvr=50-75 Package in Lexan boxes. I prefer sell them to one customer.		WIDE SPEC	180000	$1.27
720-5116	PEK	G-PAEK(TM) 1200P, Unfilled PEK Powder		PRIME	20000	$28.15
720-5117	PEK	G-PAEK(TM) 1200G, Unfilled PEK Granules		PRIME	20000	$28.15
720-5118	PEK	G-PAEK(TM) 1230GF, 30% Glass-filled PEK Granules		PRIME	20000	$25.88
720-5119	PEK	G-PAEK(TM) 1230CF, 30% Carbon Fiber-filled PEK Granules		PRIME	20000	$25.88
720-5120	PEK	G-PAEK(TM) 1200FCM, 30% Milled Carbon Fiber-filled PEK Granules		PRIME	20000	$25.88
720-5121	PEK	G-PAEK(TM) 1230FC, Lubricated PEK Granules(10% CF, 10% PTFE, 10% Graphite)		PRIME	20000	$25.88
486-5122	PET	post-consumer PET bottles from large MRF. Up to a container a day.		SCRAP	80000	$0.26
705-5107	TPE	TPE 75A Duro. Equivalent to Santoprene 101-73 and Sarlink 3170		VIRGIN	15000	$1.55

Plastics Marketplace Alert!

Plastics for Sale

Item #	Family	Description	Location	Form	lbs	$/lb
705-5087	Acetal (POM) Copolymer	Celcon M25 Natural	US/CAN	PRIME	8000	$1.15
117-5095	Acrylic (SMMA)	prime virgin zylar 631		PRIME	25000	$0.75
333-5102	LDPE	Differents loads of LDPE (grocery bags) post-consumer in bales. 40 000 lbs on 40 HQ container.		SCRAP	40000	$0.12
705-5088	Nylon 6	Unfilled Nylon 6 HSL Black (Post Consumer Recycle). Availabel on an on going basis	US/CAN	REPRO	40000	$0.75
705-5089	Nylon 6	40% Glass/Mineral Filled HSL Black. Multiple loads are availabel on a continuous basis.	US/CAN	PRIME	40000	$1.15
705-5091	Nylon 66	38% Glass/Mineral Filled HSL Black (Equivalent to IG38). Multiple loads are availabel on a continuous basis.	US/CAN	PRIME	40000	$1.25
705-5092	Nylon 66	Unfilled Nylon 66 HSL Black (Post Consumer Recycle). Available on going basis	US/CAN	REPRO	40000	$0.80
705-5093	Nylon 66	33% Glass Filled Natural "Industrial Grade"	US/CAN	WIDE SPEC	40000	$1.50
705-5094	Nylon 66	MEDIUM IMPACT NYLON 66 BLACK (ZYTEL 408)	US/CAN	PRIME	40000	$1.60
709-5082	Nylon 66	Zytel FR52GNH30 percent Glass Filled FR	UNITED STATES	VIRGIN	1400	$1.40
709-5083	Nylon 66	Zytel FR7025VOF	UNITED STATES	VIRGIN	1000	$1.99
709-5084	Nylon 66	Zytel Minlon 22C	UNITED STATES	VIRGIN	1300	$1.95
709-5085	Nylon 66	Zytel HTN54G35HSLR	UNITED STATES	VIRGIN	4400	$2.00
709-5086	Nylon 66	FE4200 black- Zytel 301HS for tubing.	UNITED STATES	VIRGIN	2000	$1.50
491-5078	Nylon 66	ZYTEL 408 EQIV	USA	PRIME	1200	$1.30
491-5079	Nylon 66	66 MIXED PELLETS VARYING PERCENTAGES OF GLASS	USA	VIRGIN	42000	$0.97
71-5100	Nylon 66	PA 66 unfilled natural filament/fiber - baled		SCRAP	80000	$1.25
491-5105	Nylon 66	hs nat 45-50 glass filled boxes and bags		VIRGIN	6000	$1.10
491-5106	Nylon 66	66 blk 15 gf bgs		PRIME	2204	$1.25
333-5103	PP, Unspecified	PP/PS hanger in bales (with metal hook) for half of the load and PP white super bags baled for the second half		SCRAP	38000	$0.15
333-5104	PP, Unspecified	PP/PS hangers (with metal hook) in bales.		SCRAP	35000	$0.15
245-5081	PP, Unspecified	40% Magnesium filled extrusion grade	USA	REGRIND	40000	$0.25
589-5101	PP, Unspecified	PP, Regranulated MFI 15 In white colour Packed in 25kg Bag or Big Bags With 15% CaCo The price is 950euros/MT		REPRO	100000	$0.43
71-5097	SEBS	SEBS - Kraton - unfilled natural pellets		PRIME	40000	$2.25
117-5096	TPE	45A, 55A, 70A		WIDE SPEC	40000	$1.15
444-5080	TPO (POE)	Bought at auction. Believed to be prime TPO pellets / automotive fascia material. Call for details. Photos and samples on request.	U.S.	PRIME	63000	$0.40
71-5098	TPV	TPE-EPDM based (TPV) - Shoe A hardness of 65-70 / natural pellets		WIDE SPEC	80000	$1.25
71-5099	TPV	TPE-EPDM based (TPV) - Shoe A hardness of 70-75 - off grade pellets - Black		WIDE SPEC	40000	$1.10

Plastics Wanted

Item #	Item	Location
816340-203	LUBRICOMP ML4040 HS BK8-115	United States
MATL LUBRICMP ML4040 HS BK8-115 - 1000 lb by month delivered to Pharr, TX USA
794291-202	BASF GPPS 147F	Vietnam
BASF GPPS 147F - 40,000 lbs per month; order every two months delivered to any port in HCMC, Vietnam
848656-201	PC (sorted CDs DVD scrap) shredded DVDs ok.	United States
PC (sorted CDs DVD scrap) shredded DVDs ok. - 6 FCL a month, will pay top dollar delivered to CIF Anthony NM or FOB your drop off destination
690518-200	PP Homo Virgin, to blow and Modulus Tensile> 1500 MPa	Brazil
PP Homo Virgin, to blow and Modulus Tensile> 1500 MPa - 300.000lbs/Monthly delivered to Brazil
684437-199	We need the PVB PURGE and natural powders	United States
We need the PVB PURGE and natural powders - 100/mt month, Exported to CHINA

Plastics Marketplace Alert!

Plastics for Sale

Item #	Family	Description	Location	Form	lbs	$/lb
717-5076	Nylon 11	Compared with nylon610 and nylon612, Nylon 1010 is more softer,lower water absorption ratio and good resistance to low temperature and good dimensional stability. It is a self-extinguishing material with good oil-proof and chemical proof properties and good electrical performance. We do the nylon610 polymerization by ourself. In the other hand we also do the modifed products base on nylon 610. Such as pre-colored,filled,reinforced, flame retardant.....to meet customer different application.	CHINA	PRIME	55	$4.60
717-5075	Nylon 12	Compared with nylon610 and nylon612, Nylon 1212 is more softer,lower water absorption ratio and good resistance to low temperature and good dimensional stability. It is a self-extinguishing material with good oil-proof and chemical proof properties and good electrical performance. We do the nylon610 polymerization by ourself. In the other hand we also do the modifed products base on nylon 610. Such as pre-colored,filled,reinforced, flame retardant.....to meet customer different application.	CHINA	PRIME	55	$4.60
717-5070	Nylon 610	Compared with nylon6 and nylon66, Nylon 610 is more softer,lower water absorption ratio and good resistance to low temperature and good dimensional stability. It is a self-extinguishing material with good oil-proof and chemical proof properties and good electrical performance. We do the nylon610 polymerization by ourself. In the other hand we also do the modifed products base on nylon 610. Such as pre-colored,filled,reinforced, flame retardant.....to meet customer different application.	CHINA	PRIME	55	$3.20
717-5072	Nylon 612	Compared with nylon66 and nylon610, Nylon 612 is more softer,lower water absorption ratio and good resistance to low temperature and good dimensional stability. It is a self-extinguishing material with good oil-proof and chemical proof properties and good electrical performance. We do the nylon610 polymerization by ourself. In the other hand we also do the modifed products base on nylon 610. Such as pre-colored,filled,reinforced, flame retardant.....to meet customer different application.	CHINA	PRIME	55	$3.40
89-5068	PET	We have ongoing supplies of post industrial PET rolls mixed colors	USA	SCRAP	120000	$0.05
589-5077	PP Homopolymer	We hava available PP repro white MFI 15 With 15% of CaCo The price for a Mtonne is 950 euro/MT	ESPAÑA	REPRO	100000	$0.42

Also, if you're looking for materials, let us know what you're after.
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800-788-4668 or 307-742-9227 x2
polymers.intelligence@gmail.com

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The intricacies of the Plastic Injection Moulding Process

Plastic is a very widely used material that has acquired popularity owing to its diverse usability and durability. It is possible to mould plastic to any form and produce products that cater to a wide category of consumer demand. This has led to the formation of a plastic based industry that serves the demands of its client on the basis of mass production. One of the most used methods of mass production of plastic is the Plastic Injection Moulding system. A comparatively old method, this has been in use since the 1800s and has acquired a certain credibility among manufacturers.

Plastic injection Moulding is a very simple process and can be used in the production of material that range from small bottle caps to entire body equipment of cars. Although the process is simple, its machinery is fairly complex and requires a certain degree of specialization for its manufacturing and handling. The Plastic Injection Moulding process was invented by John Wesley Hyatt in 1868, by using a plunger method. The technology for this process has now evolved.

Most manufacturing units make use of heated barrels where the liquefied plastic is fed. It is mixed with plastic granules and forced to form a mold cavity. Once this happens, the molded cavity is cooled and then hardened. The clamping part of the machine then goes on to mould the plastic into desirable shape. The engineer can then design the mould and then the mold is manufactured by the company in iron or aluminium to make suitable parts in precision machines.

Plastic Injection Moulding is used in the production of almost all the household appliances that are used today. This is the most preferred method in manufacturing such idle parts in large volumes. The low cost of labour, ability to use material in various ways, minimal scrap losses are the advantages gained by the use of Plastic Injection Moulding. There is also the development of high tolerance during the manufacturing process. The thickness of the mould is one important aspect that needs to be taken into consideration. Normally a mould with a set thickness is preferred.This prevents any change in the mechanical properties of the plastic.

The material used for moulding has to be assessed for its strength and function and the different parameters required are to be taken into account before going into production. Materials mainly used in the Plastic Injection Moulding process are thermoplastics or thermosetting plastics. Both are types of polymers. Nylon, polyethylene and polystyrene are some of the widely used thermoplastics while vulcanized rubber and bakelite are more used as thermosetting plastics.

Injection moulders use materials from a varied source to produce a varied amount of products. In the 1990s there were about 18000 materials used in production, and it has kept on increasing at the rate of 750 materials every year. The materials are chosen by the product designers in accordance with the products they intend to produce.

Glass-reinforced plastic (GRP) And Its Usages

By: Jason Paget

Glass-reinforced plastic (GRP), is a composite material or fibre reinforced plastic made of a plastic reinforced by fine fibers made of glass. Like graphite-reinforced plastic, the composite material is commonly referred to by the name of its reinforcing fibers (fiberglass), an example of part-for-whole metonymy.


First usages of GRP
GRP was originally developed in the UK during the Second World War as a replacement for the molded plywood used in aircraft radomes, its first main civilian application was for building of boats, where it gained acceptance in the 1950s, and now plays a dominant role. GRP is a versatile material with many uses.


Telecommunications industry
GRP is used in the telecommunications industry for shrouding the visual appearance of antennas, due to its RF permeability and low signal attenuation properties. It may also be used to shroud the visual appearance of other equipment where no signal permeability is required, such as equipment cabinets and steel support structures, due to the ease with which it can be molded, manufactured and painted to custom designs, to blend in with existing structures or brickwork.


Storage Tanks
Storage tanks can be made of GRP with capacities up to about 300 tonnes. The smaller tanks can be made with chopped strand mat cast over a thermoplastic inner tank which acts as a preform during construction. Much more reliable tanks are made using woven mat or filament wound fibre with the fibre orientation at right angles to the hoop stress imposed in the side wall by the contents. They tend to be used for chemical storage because the plastic liner (often polypropylene) is resistant to a wide range of strong chemicals. GRP tanks are also used for septic tanks.


House building
GRP also used in the house building market for the production of roofing laminate, door surrounds, over-door canopies, window canopies and dormers, chimneys, coping systems, heads with keystones and sills. The use of GRP for these applications provides for a much faster installation and due to the reduced weight manual handling issues are reduced. With the advent of high volume manufacturing processes it is possible to construct GRP brick effect panels which can be used in the construction of composite housing. These panels can be constructed with the appropriate insulation which reduces heat loss.


For Piping
GRP and GRE pipe systems can be used for a variety of applications, above and under the ground.

• Firewater systems
• Cooling water systems
• Drinking water systems
• Waste water systems/Sewage systems
• Gas systems

Chopped Strand Mat
Chopped strand mat or CSM is a form of reinforcement used in GRP. It consists of glass-fibres laid randomly across each other and held together by a binder. It is typically processed using the hand lay-up technique, where sheets of material are placed in a mold and brushed with resin. Because the binder dissolves in resin, the material easily conforms to different shapes when wetted out. After the resin cures, the hardened product can be taken from the mold and finished. Using chopped strand mat gives a GRP with isotropic in-plane material properties.
 
GRP is an immensely versatile material which combines lightweight with inherent strength to provide a weather resistant finish, with a variety of surface texture and an unlimited colour range available.

How to Wash Polyester Bow Ties

Polyester bow ties are made from polymers that contain natural chemicals. Polyester is popular because it is durable. During the 1970s, polyester bow tie is very common among the public. Now, it is making a slight comeback. Polyester bow tie holds its shape. It won?t become crease when you crumple or fold it.


Polyester bow ties are made from polymers that contain natural chemicals. Polyester is popular because it is durable. During the 1970s, polyester bow tie is very common among the public. Now, it is making a slight comeback. Polyester bow tie holds its shape. It won?t become crease when you crumple or fold it. It is quite easy to care for. Just like other things, you must wash it from time to time so that it can last for a long time.

You can wash polyester bow ties with your hands or washing machine. It is recommended that you hand wash the polyester bow tie because the rotator in the washing machine can damage it.

Polyester bow tie is not resistant against stain. If you accidentally make it dirty, it can be difficult to remove the stain. For machine wash, you should adjust the setting to press cycler. The water that is used to wash the polyester bow tie must be warm. Machine washed polyester bow ties tend to become stiff. To solve this problem, you can pour it a few drops of fabric softener in the washing machine. The fabric softener will make the polyester bow ties have a softer feel. It will also reduce the static electricity so that it won?t cause shock to you when wearing it.

After polyester bow tie is washed, you must put it into the dryer with low heat setting. Later, you can hang it on an airy place that has a warm temperature. You should not hang it on the clothes rack because it will cause stain on it. Most polyester bow tie can be cleaned. When ironing, make sure you set it to the temperature for the polyester fabric. If the temperature is set too high, it can scorch and melt the polyester fabric. Once the polyester bow tie is dried, you must quickly bring it into the home. If you over dry the polyester bow tie, it can shrink over time.

Polyester bow ties become yellow after a period of time. You can prevent this by using a dishwashing detergent mixture. The dishwashing detergent mixture consists of ? cup of dishwashing detergent and 1 gallon of water. The polyester bow tie should be soaked in the dishwashing detergent mixture for some time. After that, you can wash the bow tie. During rinsing, you can add ? cup of white vinegar to the water.
If you want to hand wash the bow tie, make sure you use a mild detergent.

Strong detergent will cause discoloration in the bow tie. If there are some stains on the bow tie, be sure to clean them away quickly. If you linger, the stain will be difficult to clean away. To remove the stain, you can damp a cloth in tepid water and rub against it up and down. After that, you should take a dry cloth that is soaked in clean water and gently rub on the stained area. If the stain is not removed, you can hand it to the dry cleaner service.

BASF Increases Prices for Polyurethane Products in Europe

 With immediate effect, or as contract terms allow, BASF will be increasing its prices for MDI and polyols and polyurethane systems in Europe on average by 200 Euro per metric ton.

About BASF Polyurethanes
BASF is the leading supplier of Polyurethane Solutions for systems, specialties and PU basic products. With its global network of 38 polyurethane system houses and its comprehensive product and service portfolio, BASF is the preferred partner of its customers in many industries. The BASF brand “PU Solutions Elastogran” represents over 40 years of experience of the market and technology leadership for Polyurethane systems and specialty elastomers in Europe.

In the extremely service-oriented business of polyurethane systems and specialties, reliable PU experience and competence are crucial. Through its system house network, BASF provides fast local support, from technical service and sales to production and marketing during the development of customized solutions. With its world-scale plants, BASF secures its leading market position in the production of polyurethane basic products in all regions of the world.

Polyurethanes make life more comfortable, safer and more pleasant while helping to save energy sustainably. They contribute towards improved insulation of buildings and more attractive, lightweight design of cars. Producers of shoes, mattresses and household goods as well as sports equipment use the unique advantages of polyurethanes provided with the knowledge and expertise of the polyurethane experts of BASF world-wide.

Acrylic Plastic Sheets – An Invention With Hundreds of Uses

Acrylic plastic sheets can be referred to as the next best thing to glass, with many of its own unique additions. It’s a very beneficial and commodious clear plastic, and is the closest material to glass with 93% of clarity, along with many other properties which make it far more superior.

It comes from a family of synthetic plastic substances and is derived from acrylic acid. Acrylic plastic has been segregated in four brands namely Plexiglas, Lucite, Perspex, and Crystallite; the brands are all versions of polymethyl methacrylate (PMMA).

All are superior quality plastics which are tough, shatter proof and resistant to ultraviolet radiations and weathering and most importantly are highly transparent. Thick sheets of glass have a greenish tint but acrylic plastic sheets retain their transparency even at very high density.

Acrylic plastic has become the mainstay of a large number of industries and is being used for making windshields, shower doors, skylights, windows, automobile taillights, aquariums, outdoor signs and a lot more. Its basic advantages include its strength, acrylic plastic is many times lighter than glass, yet its far stronger and impact resistant, also one of its most unique qualities is the flexibility and the ease with which it can be molded into multitude shapes. The fact that it can be easily scratched is considered its downside; however the scratches can be easily buffed out, making it clear as it was on the very first day of installation.

Acrylic plastic sheets can be bought from plastic stores, directly from the markets and from the online stores as well. The sheets are available in pre-defined sizes starting from 24″ x48″ to 72″x186″, and thickness varying from 1/16″ to 4″. Many showrooms also provide complete cutting and shaping services, with precision ‘cut to size’ capabilities facilitated by the professional service experts.

These days there is a colossal variety of acrylic plastic available including cast, extruded, clear, colored, tinted, laser cut and also mirrored. Apart from the sheet you can also obtain this resourceful plastic in the form of tubes, cubes, rods and balls. It’s often said that acrylic plastic sheets turn brittle and yellow over a period of time and also develops cracks. However this happens only to the normal plastics, Acrylic plastics retain their shapes and colors over a long period of time.

Cleaning and maintenance of this plastic is also fairly easy as it doesn’t need any special sprays, some mild soap or good quality detergent along with lukewarm water suffices, for drying a dry cloth or chamois is apt.
If you are looking forward to remodeling your bathroom or aquarium or even plan to add a new look to your windows, acrylic could be a very intelligent choice. Though it’s more expensive than glass, but the advantages far outweigh the price. It’s the material of the present and the future, and is being used more than it ever was in the past, even though its advent into the commercial markets dates back to 1936. Other important places where it’s famously used include malls, colleges, institutions, hospitals and commercial offices. About 32mm of superior quality acrylic plastic sheet is bullet resistant and is a favorite for use in the presidential motorcades and for protection and security for dignitaries around the world.

EU imposes new duties on Iran, Pakistan, UAE plastics

BRUSSELS, Sept 29 (Reuters) - The European Union imposed new duties on plastics from Iran, Pakistan and the United Arab Emirates on Wednesday, saying the three were illegally subsidising exports to Europe's growing soft-drinks market.

The decision means Polyethylene terephthalate from Iran, Pakistan and the UAE -- used for bottles and food packaging -- will face EU import duties of 139.70 euros ($188.1), 44.02 euros and 42.34 euros per tonne respectively until 2015.

"In view of the magnitude of the countervailable subsidies found and in the light of the level of the injury caused to the (European) Union's industry, it is considered necessary" to launch the new tariffs, the EU's executive Commission said in the EU's official journal.

The duties are valid for up to five years and reflect Europe's concern that EU industry is falling behind oil-rich states with competitive and booming plastics markets.

European citizens bought about 100 billion plastic bottles last year -- one in five bottles sold worldwide -- creating a 3 billion euro ($3.9 billion) market for the plastic.

Europe's decision prompted a senior UAE trade official to warn of disruptions to trade.

"There are many countries that have started to impose certain tariffs to protect their national industry, especially after the (economic) crisis. But this doesn't serve the interest of trade, we can't do trade like this," Juma al-Kait, executive director for foreign trade affairs, told Reuters.

Such a decision would adversely affect the UAE's economy because most of its non-crude oil exports are petrochemical raw materials and feedstocks, including plastics, he said.

Plastic bottle makers including Danone (DANO.PA) and Coca-Cola Group (KO.N) have also warned against the duties.

Iran, Pakistan, U.A.E. Face 5-Year EU Taxes on Bottle Material

The European Union imposed five- year tariffs against Iran, Pakistan and the United Arab Emirates on a material used in plastic bottles, saying EU producers are victims of trade-distorting subsidies.
The duties on polyethylene terephthalate, also used in plastic films and fibers, widen existing EU protection for producers such as Spain’s Novapet SA against imports from Asia. The new anti-subsidy levies follow provisional measures introduced in June, when the EU took the extra step of taxing the U.A.E.’s sole producer for also selling in Europe below cost, a practice known as dumping
.
In 2007, the EU renewed for five years anti-dumping duties on polyethylene terephthalate from India, Indonesia, Malaysia, South Korea, Thailand and Taiwan to help European producers in Europe’s 3 billion-euro ($4 billion) market. Users of the product, known as PET, include plastic bottle-mold makers such as Resilux NV and bottlers including Coca-Cola Co.

European manufacturers of PET suffered “injury” as a result of subsidized impo
rts from Iran, Pakistan and the U.A.E., the 27-nation EU said in a decision today in Brussels. The duties, which are as high as 139.70 euros a metric ton, will take effect after publication in the Official Journal by Oct. 2.The import taxes are the outcome of probes opened in September 2009 by the European Commission, the bloc’s regulatory arm. Under EU rules, the commission can impose provisional anti- subsidy duties for four months and provisional anti-dumping levies for six months. The EU’s national governments -- acting on a commission proposal -- can turn those measures into “definitive” five-year duties at the same or different rates.

The definitive anti-subsidy or “countervailing” duties on PET are 139.70 euros a ton against Iran, 44.02 euros a ton against Pakistan and 42.34 euros a ton against the U.A.E. The EU will refund importers the difference with higher provisional rates of 142.97 euros on Iran and 83.64 euros on Pakistan; the definitive rate on the U.A.E is the same as the provisional levy.

NOVATEK Completes Deal To Sell NOVATEK-Polymer

NOVATEK has completed a deal to sell 100 percent of NOVATEK-Polymer to SIBUR Holding, the company reported in a news release. NOVATEK turned over 32 percent of its stake in NOVATEK-Polymer on September 2, when the deal was made, while the other 68 percent was transferred after the Federal Antimonopoly Service (FAS) gave its approval for the transaction.

Company executives report that this deal is part of the company's strategy to concentrate on its main business of gas and gas condensate production and refining.

LDPE retains premium over other PE products in Asia

In Asia, LDPE film continues to trade at a premium when compared with other PE products such as LLDPE film and HDPE film. Most sources attribute the ongoing relative strength of the LDPE film market to comparatively tight supplies for this product, with players commenting that a large amount of new LLDPE and HDPE film capacity has been coming on-line for the past two years while relatively few additional LDPE film capacities have come on-line over the same period.

According to data from ChemOrbis Price Wizard, import LDPE film has traded at an average premium of $201/ton over HDPE film on a CFR China, cash basis over the past ten weeks, with the premium showing a tendency to move higher over the past few weeks. From a ten-week low of $157/ton in early August, the LDPE/HDPE film premium rose to a ten-week high of $232/ton earlier in September before falling back to $228/ton last week. Looking at data for the entire year of 2010, the LDPE film/HDPE film premium in China has fluctuated between $150/ton to just over $250/ton for the entire period, with LDPE/HDPE film deltas of $100/ton or less having last been seen in the closing weeks of 2009.

Over the same period, data from ChemOrbis Price Wizard show that the premium between LDPE film and LLDPE film has averaged $153/ton on a CFR China, cash basis, with the premium dipping to a ten-week low of $111/ton in early August, rising to a ten-week high of $177/ton earlier in September and then falling back to $173/ton last week. Looking back over data from the whole of 2010, LDPE film has maintained a premium of around $75-180/ton over LLDPE film, with premiums below the $75/ton mark last being observed in the closing weeks of 2009

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Plan to set up $701m polyethylene plant in Pakistan.

By MUSHTAK PARKER

 

LONDON: A British and Pakistani joint venture, Trans Polymers Limited, is finalizing plans to build  a polyethylene (PE) plant at cost of 520 million euro ($701 million) near Port Qasim in Karachi, Pakistan, which will have an annual capacity of 350 kilo tons.

The production of PE and polypropylene (PP) will go some way to satisfy the growing demand for plastics in Pakistan. The promoters also have an offtake agreement in place with Ravago of Belgium to import a portion of the production. Currently, there is no PE plant in the country which means that Pakistan imports all its PE and PP requirements. In this respect the proposed project once it gets off the ground will also save valuable hard currency for the country and provide employment opportunities across the supply chain.

In fact, the promoters project that as a result of import substitution, Pakistan should enjoy foreign exchange savings of about $250 million based on prevailing prices and import levels
The Trans Polymers Project comprises three phases, of which the PE plant will be the first phase of the development of a major Polymer Complex in Pakistan comprising polyethylene, naphtha and polypropylene. The total investment in the whole Polymer Complex will be in excess of 1.5 billion euro.
The project has attracted vital support from Saudi Arabia and other GCC-based investors, and European investors from Luxembourg and the UK.

Waleed Al-Tharman, the vice-chairman of Trans Polymers (UK) Limited and the president and chief executive officer of Al-Jafr Trading and Contracting Company from Saudi Arabia, in fact is both an equity investor and a co-initiator of the project.

Other GCC investors are currently in discussions with Trans Polymers (UK) Limited and Al-Tharman is confident that some of them will follow suit.

Similarly, the promoters have applied to the Jeddah-based Islamic Corporation for the Insurance of Investment and Export Credits (ICIEC), a member of the Islamic Development Bank (IDB) Group, for political risk insurance to cover various risks including equity.

Polyethylene (PE) is used for packaging, from textiles to fertilizers, and for the production of household articles, automotive and industrial parts, bottles and containers. According to the promoters, the proposed plant will satisfy a substantial part of Pakistan’s requirement for PE which is projected to grow at 7 percent to 8 percent per annum over the next few years.

At present, demand for PE in Pakistan is around 270,000 tons per annum, which is met through imports. The imports of PE and other polymers cost the country over $1 billion in hard currency in 2009. By the time the plant starts production, demand for PE alone is projected to be 570,000 tons per annum, which will effectively guarantee the plant a sustainable domestic market with excess capacity for exports.
The consumption of PE and PP currently in Pakistan per capita per population is a mere 1 kg, which is very low compared with 3kg for neighboring India and 7 kg for China. The global average is 10 kg; while the figure for industrialized western countries is 30-40 kg.

With the global economy slowly emerging out of recession and the recovery on track in many countries especially in the high GDP growth region of Asia, the petrochemical industry in particular is poised to expand especially in countries where there is huge latent and untapped demand. The case of PE and PP in Pakistan is one such case in point.

The proposed project has received the go-ahead from the government of Pakistan, which has granted various foreign investment incentives as well as favorable tariff concessions. The country, stress the promoters, has a favorable regime for foreign investments including 100 percent foreign equity ownership in all sectors, and full repatriation of royalty remittances, technical franchise fees, capital, profits and dividends to foreign investors.

According to the promoters, the project involves major international firms some of which will also co-invest in the project. Ineos Technology is the supplier of the licence and technology; Marubeni and Mitsui will supply the ethylene feedstock sourced from the GCC. The local Descon will provide engineering, construction and operations and management (O&M) services.

Technical feasibility, quality of engineering work and financial feasibility meet a strategic need for a developing country. Construction, commissioning and warranty testing of the plant is estimated to take 34 months and commercial production is expected by the fourth quarter of 2013.

The project, which will be located about 24 km away from Port Qasim and which will have access to a chemical jetty operated by Engro Vopak, should provide over 2,000 jobs during construction, and substantial employment opportunities, especially of skilled manpower, once upstream and downstream production commences.

The project promoters are Trans Polymers (UK) Limited, a private UK investment company comprising British, Pakistani, GCC, EU and Malaysian investors, and its Pakistani subsidiary, Trans Polymers (Pakistan) Limited.

The total project cost for the PE plant is Euro 520 million with a debt to equity ratio of 40:60. Of this 312 million euro will be project financing, which is largely in place, and the rest in equity financing, of which about 80 million euro have been committed by UK, Pakistani and GCC and other investors. Negotiations for the remaining portion of the equity are well advanced and the promoters expect financial closure for the project to take place by the end of this year.

To give further comfort to investors, the financing for the project is done through a Luxembourg holding company, and is coordinated by tax expert Claude Zimmer, managing director of Lux Global Trust Services, a firm specialized in complex private equity transactions, and Marc Theisen, partner, and Reinhard Krafft, investment expert at Theisen Law, which is pioneering Islamic finance transactions out of Luxembourg.

According to Marc Theisen, Luxembourg is an ideal domicile for such a complex international investment project giving investors a cross-border onshore platform which is tax-efficient and in a stable and safe legal environment, especially in times of global economic uncertainty.

Pakistan flood: We may see rise in polymers demand.

Pakistan could see a temporary surge in demand for polymers needed to house and feed over 4m people affected by deadly floods, the worst in 80 years, market sources said on Friday.

More than 1,500 people have been killed in a week of flooding that has swept away entire villages and inundated millions of acres of farm land, according to media reports.

Authorities and non-government organizations are scurrying to provide relief to 4m people across the flooded region, accessible mostly by air or boat.

“In the near term, we could see a rise in demand for polymers, notably polypropylene (PP) and polyvinyl chloride (PVC) sheets for shelters, and polystyrene (PS) containers for food packaging [and fertilizers],” said a source close to a polymer producer.

However, in the longer term, demand for polymers could be hit due to the ravages wreaked on agricultural output, said a polymer trader.

“If...crops are decimated in the flood hit areas, it would mean less demand for raffia grade PP used in food-grain packaging, as Pakistan may be forced to import food grains,” he said.

None of the petrochemical plants in Pakistan have been heard to have been affected by the floods, sources said.

Pakistan Petrochemical Industry’s PS plant and Engro Polymers’ PVC plant are both located in the southern port city of Karachi, which has not been affected by the flooding so far, they said.