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Report forecasts $820 billion global packaging market by 2016
Packaging World    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The global packaging market is expected to reach $820 billion by 2016, according to "The Future of Global Packaging to 2016," a report by Pira International. Driven mainly by increasing demand for packaging in emerging and transitional economies, a 3 percent annual growth rate will focus on board products and rigid plastics, with $40 billion and $33 billion in cumulative predicted growth respectively to 2016. More

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Biaxial deformation of PET in stretch blow molding
SPE Plastics Research Online    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A series of experiments help to understand the effects of temperature, strain rate and mode of deformation on the biaxial stress-strain behavior of a common industrial plastic. Stretch blow molding is used to manufacture polyethylene terephthalate containers for carbonated soft drinks, water and the consumer products industry. More

Multiwalled carbon nanotube/polysulfone composites
SPE Plastics Research Online    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A new theoretical technique could take the guesswork out of which treatments, when applied to nanoparticles, will produce superior composites. Researchers have been looking at ways to take advantage of the impressive properties of carbon nanotubes CNTs and to fabricate bulk materials using CNT/polymer composites. More

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Eastman Chemical to buy Solutia for $3.4 billion
The New York Times (blog)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Eastman Chemical said it would acquire the specialty chemicals manufacturer Solutia for $3.38 billion, as it looks to expand in emerging markets. With Solutia, Eastman Chemical, which makes plastics, fibers and polymers, will gain share in fast-growing markets like China. The company said the deal would allow it to increase its business by 10 percent a year in the Asia Pacific region for the next several years. More

Mexico's plastics sector grew 10 percent in 2011
Plastics News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Mexico's plastics industry grew 10 percent in 2011 to just over $20 billion, measuring processed products, resins and equipment. Growth has been a constant for the plastics industry in Mexico. In fact, the only time the sector registered a downturn, was in 1995, the year after a bungled government devaluation of the peso sparked an economic crisis across Latin America. More

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First market trend of 2012: Rising resin prices
Plastics Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Resin prices rose as a light-to-steady flow of spot material was offered, according to plastics spot-trading platform, The Plastics Exchange. Resin market activity was about average, according to TPE. Traders with old inventory on hand began asking more for their material, as buyers started coming to grips with the new reality of higher prices, after months of steady to lower markets. More

Plastic shortage hits road-laying plan in India
The Times of India    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The plastic road project in Chennai, India, may soon hit a speed bump as contractors have been unable to collect enough plastic from households. The city had installed special bins in all the 200 wards to collect plastic from residents, but the idea has not worked. Chennai Corporation commissioner P.W.C. Davidar said people are reluctant to segregate waste and give plastic to conservancy workers. The corporation is now planning to purchase plastic from manufacturers. More

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Plastic bag bans grow despite industry efforts
Plastics News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If there was any question about whether plastic bag bans would continue to be the most visible and vexing issue that confronts the plastics industry at the local and state level, those doubts have been erased. On the heels of 2011, when the number of plastic bag bans in the U.S. nearly doubled to 37, two more counties — one in California and one in Hawaii — and another California city adopted bans on single-use plastic carryout bags, bringing the total number of nationwide bans to 40. More

Bank approves $400 million loan for petrochemical plant in Uzbekistan
Energy Business Review    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Asian Development Bank has approved a $400 million loan and political-risk guarantee to build a petrochemical plant in Uzbekistan. The plant, which is part of a $4 billion Surgil Natural Gas Chemicals project, will produce gas for commercial use and for conversion into chemical intermediates used in the plastics and textiles industries. More

Introducing the Datacolor 45G

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Plastic wood or wooden plastic?
Daily News & Analysis    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The scientists at India's Institute of Wood Science and Technology have created a new form of material that marries wood and plastic together. "We mix wood and plastic together, but by nature the two repel one another," scientist Dr Ajay G Karmarkar said. "It's like merging oil and water. So, we have created a novel coupling agent that will bring about the interfacial adhesion." More

Water repellent polymer slows down drug delivery
Royal Society of Chemistry    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In looking for potential uses for highly water-repellent, superhydrophobic materials, scientists have mainly focused on obvious applications such as water-proof clothing and self-cleaning surfaces. But now U.S. scientists have a new idea: using them to deliver drugs. It turns out that superhydrophobic materials are very good at slowly releasing drugs over extended periods of time, from weeks to months. More

Parabolic design boosts ports made from animal-free plastic for medical industry
Plastics Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A clever concept illustrates the role of sophisticated design approaches in advancing the use of plastics in medical applications. The new design also shows the increasing importance of bovine-free additives in medical plastics. The innovation comes from Colorado-based Value Plastics, which developed new single-use ports for transferring fluids and drug compounds in the biopharmaceutical industry. More

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Cardia Bioplastics extends supply of kitchen waste bags in China
Packaging Europe    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cardia Bioplastics announced that it is supplying three more city districts in China to provide householders with kitchen waste bags made from Cardia’s renewable Biohybrid products that contain less oil and have a lower carbon footprint compared to conventional plastics. Cardia announced on Dec. 16 that it was awarded the supply contract by the City of Nanjing. More

Pace of deals in plastics industry slows, but still strong
Crain's Detroit Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The plastics mergers and acquisitions market cooled off in 2011 after a red-hot 2010, but the market still has plenty of momentum heading into this year. The number of global plastics M&A deals fell about 10 percent to 353 during 2011, according to financial firm P&M Corporate Finance LLC of Southfield. But that total still ranks second among totals from the past seven years. More


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Investor poll: Oil markets seen withstanding shock of Iran attack
Bloomberg News via San Francisco Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
More than 70 percent of investors say an attack on Iran's nuclear facilities would create only a short-term disruption in oil markets, according to a quarterly Bloomberg Global Poll. About a third of the 1,209 global investors, traders and analysts surveyed said an attack may trigger an oil shock leading to a global recession. The European Union agreed Jan. 23 to ban oil imports from Iran starting July 1 as the West increased pressure on the Islamic republic to halt its nuclear program. More

Oil production is booming — but for how long?
The Washington Post (blog)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Lately, President Obama has been talking up the frenzy of domestic oil drilling under his watch, saying in his State of the Union Address that "American oil production is the highest it's been in eight years." Technically, that's true. But U.S. oil production has actually been in severe decline since 1970 — and the recent boom is nowhere near enough to reverse it. More

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Gravimetric Blender Innovation at NPE
Process Control will be showcasing advancements in their line of gravimetric continuous and batch blenders during NPE in April [Booth #2051]. The showcase will include the redesigned Guardian® Series 2 line of batch blenders, a new brushless drive package for continuous, and color touchscreens which will be standard on all blenders.
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