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AD Plastik books drop in Q1 net profit

Croatian auto plastics manufacturer AD Plastik said consolidated net profit fell 8.2% year on year in the first quarter of 2021, to HRK25.84m (US$4.1m/EUR3.4m). related to Components, Emerging markets, Financial,

Gazprom, Wintershall start up new Achimov block in Siberia

Apr 23, 2021 9:30:am Summary Combined production from the 4A and 5A blocks is expected to exceed 14bn m³/yr by 2027, according to Gazprom. [image credit: Gazprom] by: Joseph Murphy Russia s Gazprom and Germany s Wintershall Dea have started production at a new section of the deep Achimov layer of Western Siberia s Urengoy gas field. Natural gas and gas condensate are now flowing . Posted in:

Uzbek GTL plant reaches 95% completion

Uzbek GTL plant reaches 95% completion Apr 13, 2021 7:55:am Summary by: Joseph Murphy Posted in: Uzbek GTL plant reaches 95% completion Uzbekistan s first gas-to-liquids (GTL) project has reached 95.3% completion, with its commissioning and launch ceremony now scheduled to take place in the second half of the year, the project s operator reported on April 13. The $3.6bn project will convert up to 3.6bn m 3/year of natural gas into 1.5mn metric tons/year of kerosene, diesel, naphtha and LPG. The facility had been due to enter commissioning before the end of last year, but construction was delayed by the coronavirus pandemic. When completed, the Uzbekistan GTL will bring Uzbekistan a step closer to achieving energy independence and demonstrate the success of our petrochemical growth strategy which consists of expanding our activities from competitively located feedstock, especially derived from gas, to taking advantage of the growing global demand in plastics and clean fuels,

Halo eyes European expansion with 100% compostable coffee pods: Ours is a totally natural product

Halo eyes European expansion with 100% compostable coffee pods: ‘Ours is a totally natural product’ UK start-up Halo Coffee is preparing to expand into continental Europe with its compostable coffee pods that are produced from a by-product of sugar cane processing. The company believes that this offers an important point of difference that will help empower consumers to tackle a pain point in the plastics problem. Almost 60bn coffee pods are produced annually and the global market is forecast to grow at a CAGR of 7.72%. However, only around 29% of coffee pods are currently recycled properly. “The majority of capsules are not recycled properly due to insufficient and un-easy to reach recycling centres plus a lack of understanding by the consumer of which bin can take which type of capsule without contaminating the stream,”​ Halo Coffee co-founder David Foster explained, noting that stream contamination is when a recycling stream is compromised.

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