Castor Seed Price Weekly Report: Jan 16 – 20, 2017

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

The price of castor seed at the end of last week was Rs. 4050/quintal and increased throughout the week.

This week, the price decreased at the end of the week.

Price Date Rupees Per Quintal
16 Jan
17 Jan 4025
18 Jan 4025
19 Jan 3950
20 Jan 3950

 

castor seed prices - jan 16 - 20, 2017

Source

Bioplastics Market & Strategy Consulting – from Bioplastics Guide

EAI, the parent company of CastorOil.in, had been studying the bioplastics industry for the past few years and in the recent past we had the opportunity to look at the sector, in India and worldwide at close quarters.

Based on these, we have put together an exclusive team to provide strategic and market consulting for the global bioplastics industry.

If you are interested in the bioplastics sector and the opportunities it presents, see here to know how the Bioplastics Guide can help you get a strategic understanding of the bioplastics market.

Overview of Bioplastics – Classifications, Feedstock, Uses, End of Life Options – Bioplastics Guide

The Bioplastics Guide, which was started by EAI as a specialized division to provide strategy and market consulting for the bioplastics and biopolymers segments, has a useful section that provides an overview of bioplastics.

The following are the main topics discussed in this section:

  • Bioplastics and its classification
  • Feedstock used to make Bioplastics
  • Biodegradable plastics
  • Non-Biodegradable plastics
  • Bioplastics and its end-use segments
  • End-life options for bioplastics
  • Bioplastics – Markets and Trends
  • Standards and Certifications available for Bioplastics
  • Consulting for Bioplastics

Read more from this page @ Bioplastics Guide

Bioplastics Applications & Uses – Current, Emerging Markets – Bioplastics Guide

The Bioplastics Guide, an initiative by EAI, is a focussed consulting and market research division for the global bioplastics and biopolymers sectors.

The Guide has an interesting section that provides an overview of the end use segments and applications for bioplastics.

Get to know more about the current and emerging end use segments for bioplastics from this page @ the Bioplastics Guide.

New Castor Oil Based Green Plasticizer

Scientists from India performed esterification of furfuryl alcohol and castor oil fatty acid at 3:1 molar ratio, by immobilized Candida antarctica Lipase B in a solvent free system.castor-oil-800067 A maximum yield of ester was obtained. Performance of the FA-COFA ester plasticized Ethyl Cellulose (EC) films were evaluated by certain characteristic studies.

Results showed that the furfuryl alcohol-castor oil fatty acid ester with significant plasticizing property at a certain concentration could act as a substitute for traditional plasticizer dibutyl phthalate.

More

New Castor Oil Segmented Thermoplastic Polyurethane with Controlled Mechanical Properties

Researchers from Finland have found a method to produce novel castor oil segmented thermoplastic polyurethanes which have controlled mechanical properties.

Thermoplastic polyurethane (TPU) is an elastomer that is fully thermoplastic. Like all thermoplastic elastomers, TPU is elastic and melt-processable. TPU is a linear segmented block copolymer composed of hard and soft segments. The hard segment can be either aromatic or aliphatic. The soft segment can either be a polyether or polyester type, depending on the application.thermoplastic polyurethane

The new study shows that it is possible to produce thermoplastic polyurethanes using castor oil via polyaddition approach where the formation of prepolymers needs to be carried out with the addition of small amount of castor oil and excess of diisocyanate in the very first step. This is followed by the addition of the other polyols and finally a low molecular weight chain extender.

Results showed that the synthesized polyurethanes exhibited good biocompatibility and high transparency.

More

Applications of Castor oil in Specialty Chemicals and Biofuels Market

Castor Oil for Specialty Chemicals

Specialty chemicals market is a $700 billion + market worldwide, with high profit margins.

Given castor oil unique versatility, there could be a number of niche applications within specialty chemicals, other than the ones already exploited.

More “entrepreneurial” research needs to be undertaken in this direction.

Castor Oil for Biofuels

While there has been a lot of debate about the use of castor oil for biodiesel, we feel that it is not a viable route. Sure, technically castor oil might be suitable to make biodiesel, except perhaps for its high kinematic viscosity, which could even be taken care of during transesterification.

The more important dimensions are the economics and volumes which make castor oil quite unattractive as a feedstock for biodiesel:

  • Economics – Price of biodiesel needs to be in the range $900-$1000 per ton; price of castor oil alone is $1300/T.
  • Volumes – World produces about 20 million T of biodiesel every year; world castor oil production is less than 1 million T!

In fact, we have been generous on the price aspect. If the current downtrend in crude prices continues, biodiesel might have to sell at less than $700 per T. We dont see how castor oil could support such a price.

On volumes, castor is produced in such small quantities, it really is going to make little difference overall to the biodiesel market.

And when especially the same castor oil oil could be sold at a much higher price to end users who would be willing to pay a much higher price for the oil or the derivative, we do not see how castor oil biodiesel could work out on any sizable scale.

Castor Oil Polyurethane Biopolymer – An Emerging Application of Castor Oil – Part I

Biopolymers are an emerging application of castor oil and its derivatives. These biopolymers include castor based polyamides and castor based polyurethanes. (See also Castor Oil Biopolymers – Part II)

Castor Oil Polyurethane

Castor oil is increasingly finding application in the manufacture of polyurethane foams. The polyurethane is produced from polyols based on castor oil.

The world polyurethane market size is over $50 billion.

Features of Castor Oil Based Polyurethane:

Castor oil polyurethane is

  • Superior to PPG (Polypropylene Glycol) or polyester in water and hydrolysis resistance
  • Superior to PPG or polyester in insulation
  • Lower viscosity than polybutadiene or polyester
  • A challenging issue of polyurethane flooring is heat and humidity. The urethane produced from castor oil is stable under high heat and humidity.

Castor Oil Polyamide Biopolymer – An Emerging Application of Castor Oil – Part II

Biopolymers are an emerging application of castor oil and its derivatives. These biopolymers include castor based polyamides and castor based polyurethanes. (see also: Castor Oil Polyamide Biopolymer – Part I)

The world polyamide market size is over $25 billion.

Some prominent companies working on castor based polyamides and engineering plastics are:

Company Polyamide
Arkema 6,11
BASF 6,10
Du Pont 6,10; 10,10
DSM 4,10
EMS 6,10; 10,10; 10T (PPA)
Evonik 6,10

Green and Eco Chemicals – A $100+ Billion Dollar Opportunity?

The global chemicals market is worth about $4 trillion and the commodity chemicals is about 80% of this. That leaves 20% for non-commodity, specialty chemicals. (For those looking for a definition and explanation for specialty chemicals do have a look at this brief report) It is the specialty chemicals sector, which according to estimates is a $800 billion + market worldwide.  But what is really exciting is that there is a significant pressure on this sector to go green. Whether it is about specialty chemicals for construction, or for cosmetics, there is a significant movement towards making the supply chain, especially the raw materials, as sustainable and eco-friendly as possible.

The range for industrial specialty chemicals is quite wide, with some prominent sectors given below:

Agri   chemicals Polymers & resins
Construction chemicals Surfactants
Lubricants Industry specific chem – electronic, textile, oilfield…
Additives – Stabilizers, Plasticizers, Lubricant   Additives, Flame Retardants, Anti-oxidants, Corrosion   Inhibitors, Biocides, Emusifiers & Surfactants Color   Pigments & Dyes, Coatings

Low Hanging OpportunitiesConsumer end user segments – In the short term, significant demand for eco-friendly consumer chemicals can be seen for the following sectors, and these will hence be the segments that see early growth:

  • Eco cosmetics – deodorants, perfumes, cosmetics
  • Eco detergents and Eco cleaning products
  • Food ingredients and additives
  • Consumer packaging – especially bioplastics

Companies in this Sector include Daimler, a leading supplier of green chemicals, q33offers Eco-Green Carpet Care & Upholstery Cleaner, a fast-acting, all-natural, cleaning formula that penetrates stains in carpets and upholstery using cutting edge green chemistry.

Companies such as Nike have   designed and implemented a more environmentally-friendly rubber for its footwear created with benign accelerators, vegetable oils, and modified processing chemicals and methods without compromising performance. Partnerships with manufacturers in their supply chain allowed Nike to address process changes required by the new rubber formula collaboratively.

Excerpts above have been adapted from EAI (www.eai.in). If you are an entrepreneur/company interested in exploring opportunities in this emerging segment, please follow this link – http://www.consult.eai.in/green-chemicals

Source: http://www.eai.in/blog/2014/02/green-and-eco-chemicals-a-100-billion-dollar-opportunity.html#sthash.k8u1exWx.dpuf