Market News Oil falls to below $83 as traders eye OPEC meeting June 13, 2012 by plasticsinfomart Oil fell to below $83 a barrel Wednesday in Asia amid speculation OPEC will likely leave its production quotas unchanged at this week’s meeting. Benchmark oil for July delivery was down 43 cents to $82.89 per barrel at midafternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 62 cents […] Read more »
Recycling News Recycling of Plastic Packaging Across Canada Increases by 15% in a Single Year June 13, 2012 by plasticsinfomart The Canadian Plastics Industry Association (CPIA) released a new report today informing Canadians that their recycling efforts have increased the amount of post-consumer plastic packaging being recycled across Canada. An additional 15% of plastic packaging was recycled in 2010 compared to 2009 as reported by Moore Recycling Associates Inc. This increase is the result of […] Read more »
Material News Polypropylene takes center stage in medical market June 13, 2012 by plasticsinfomart Polypropylene is one of the materials moving to the front lines in the battle to find more cost effective and environmentally friendly medical applications. Polypropylene (PP) is a semicrystalline polymer that contains amorphous and semicrystalline regions. It lacks the heat resistance and structural properties of polycarbonate, the impact resistance of polyester, the radiation resistance of […] Read more »
Product News NYC ban could turn up the heat on 'supersized' soft drink packaging June 13, 2012 by plasticsinfomart A June 12 CBS/AP story reports that New York City Mayor Michael Bloomberg’s “proposal to ban sugary drinks larger than 16 ounces from New York City eateries, street carts, and stadiums is moving forward. The proposal is scheduled to be formally submitted to the city’s board of health Tuesday morning [June 12]. The board is […] Read more »
Industry Latin America’s largest recycling center receives $34 million dollars June 13, 2012 by plasticsinfomart With an investment of $34 million dollars and the creation of 500 direct jobs, was started the expansion of the recycling plant PetStar in the city of Toluca, State of Mexico. In addition, is expected to generate approximately 6,000 indirect jobs throughout the country. With this expansion, PetStar will double its recycling capacity to process […] Read more »
Breaking News Industry Bid to ban plastic bags met with ambivalence in Halifax June 13, 2012 by plasticsinfomart A bid to ban plastic bags in Halifax Regional Municipality is garnering ambivalent reaction from the city’s business community. After Toronto’s city council approved a motion to ban plastic shopping bags last week, a Halifax city councillor says Halifax should follow suit. Coun. Dawn Sloane is expected to give her city hall colleagues a heads-up […] Read more »
Processes GM, Dow get grants to hike energy efficiency June 13, 2012 by plasticsinfomart The Energy Department is unveiling $54 million in grants to help manufacturers design energy-efficient products. General Motors Co. and Dow Chemical Co. are among the recipients. The awards are matched with $17 million in private-sector funding for 13 projects to advance new technologies, materials and processes that can help U.S. manufacturers dramatically increase the energy […] Read more »
Market News Oil hits 8-month low as Spain bailout hopes fade June 12, 2012 by plasticsinfomart SINGAPORE: Oil touched an eight-month low near $81 a barrel Tuesday in Asia amid concern Spain’s bank bailout won’t be enough to stem Europe’s debt crisis. Benchmark oil for July delivery was down 57 cents to $82.13 per barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Earlier in the […] Read more »
