Month: July 2024

r-PET Bottles – RadiciGroup’s innovative intake manifold, made entirely from 100% recycled polyamide, has garnered recognition for sustainable innovation in the Power Train Auto segment 04-07-2024

r-PET Bottles

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RadiciGroup’s innovative intake manifold, made entirely from 100% recycled polyamide, has garnered recognition for sustainable innovation in the Power Train Auto segment

This accolade was awarded by the Society of Plastics Engineers (SPE) on June 28 during the 22nd SPE Automotive Award ceremony.

Branded as Renycle, this intake manifold signifies a major advancement in the automotive sector where glass-fibre filled nylon has largely replaced metals. r-PET Bottles

RadiciGroup’s challenge was to create a component from 100% mechanically recycled polyamide, ensuring high-quality consistency through a meticulous process of selection, cleaning, and control.

The intake manifold, designed and manufactured by Marelli, meets stringent performance standards, including high burst pressure, resistance to pulsating pressure cycles, and prolonged vibration tests under thermal conditions. r-PET Bottles

Emphasis was placed on NVH (Noise Vibration Harshness) analysis to ensure acoustic performance comparable to existing materials. RadiciGroup optimized Renycle for this application, balancing mechanical and thermal performance while maximizing environmental benefits. Notably, this innovation achieved a more than 70% reduction in CO2 emissions compared to fossil-based materials, as measured by the Life Cycle Assessment (LCA) methodology.

Among fifty evaluated projects aimed at enhancing the sustainability of cars and motorcycles, RadiciGroup’s focus on recycling and renewable raw materials aligns with their broader ESG principles. r-PET Bottles

“We are proud to be recognized by the Society of Plastics Engineers,” stated Erico Spini, Global Marketing Director of RadiciGroup High Performance Polymers. He emphasized the importance of quality, reliability, and durability in their collaboration with Marelli and expressed hope that this project would inspire further sustainable mobility initiatives.

RadiciGroup's innovative intake manifold, made entirely from 100% recycled polyamide, has garnered recognition for sustainable innovation in the Power Train Auto segment

Sidel has enhanced its StarLITE-R Nitro range, a series of bottle bases crafted specifically for 100% recycled PET (rPET) bottles

These upgrades cater to still beverages and nitrogen-dosed food products, where nitrogen dosing involves adding a small amount of liquid nitrogen to increase internal pressure, enhancing the bottle’s durability throughout the supply chain.

The StarLITE-R Nitro features an innovative “wave” bottle base design, offering a unique alternative to the conventional petaloid shapes typically seen.

This design is versatile, supporting a variety of bottle shapes and sizes ranging from 0.2 to 2.5 litres. r-PET Bottles

A key aspect of the StarLITE-R Nitro bottle base is its optimized mould base geometry, which includes a sophisticated venting system for precise shaping. Leveraging Sidel’s patented mould technology, this design incorporates 8 to 10 waves, providing superior resistance to internal pressures between 0.5 to 0.8 bar, even in lightweight bottles.

The StarLITE-R Nitro range represents a significant step forward in the development of eco-friendly packaging solutions, balancing functionality with sustainability. r-PET Bottles

Sidel has enhanced its StarLITE-R Nitro range, a series of bottle bases crafted specifically for 100% recycled PET (rPET) bottles

A new €65 million TriPlast sorting plant has officially opened in Ennshafen, Austria

This joint venture between ARA, Bernegger, and Der Grüne Punkt significantly enhances Austria’s recycling capacity. The country aims to double its plastic packaging recycling rate by 2025, and TriPlast plays a crucial role by sorting 100,000 tonnes of plastic and metal packaging annually. These materials are transformed into valuable secondary raw materials for further recycling, used in products ranging from shampoo bottles to automotive parts. r-PET Bottles

The TriPlast plant boasts an impressive sorting capacity of 20 tonnes per hour—three times greater than existing Austrian plants—thanks to advanced technology, including 2.5 kilometers of conveyor belts and near-infrared sorting systems. Its strategic location in Ennshafen provides trimodal connectivity via truck, rail, and ship, while its self-sufficient, sustainable energy supply minimizes environmental impact.

Beyond environmental benefits, TriPlast contributes to the local economy by creating green jobs and reinforcing Upper Austria’s position as a European leader in sustainable practices. Its arrival marks a significant step toward a more sustainable future for Austria’s recycling infrastructure. r-PET Bottles

r-PET Bottles

Another chemical recycling plant closure offers ‘flashing red light’ to nascent industry

For the second time this year, a chemical recycling plant built to turn waste into usable products has closed, casting further doubt on the viability of an upstart industry that has been plagued by financial and technical challenges in its effort to scale up.

Fulcrum BioFuels launched its Sierra plant outside Reno, Nevada, in 2022 with the goal of converting municipal solid waste into “sustainable aviation fuel.” But in May of this year the company suddenly laid off its roughly 100 employees and shuttered its website, as Bloomberg first reported. r-PET Bottles

The decision came just as the plant was ready to reopen after a series of technical challenges had forced it offline, continuing a trend of delays and setbacks for a facility that had initially been slated to open in 2010.

Fulcrum representatives did not respond to emails and phone calls and little is yet clear about the company’s future, while its plans to build a larger plant in Gary, Indiana, appear to be hanging on by a thread following bond defaults. r-PET Bottles

Carolyn McCrady, a co-founder of Gary Advocates for Responsible Development, which formed in 2021 to oppose Fulcrum’s plans, said her organization is still challenging Fulcrum’s air permit to build a plant in the city as it waits to learn more about the company’s next steps.

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r-PET Bottles

etween virgin PSF and recycled PSF significantly weakens

In the past, when virgin PSF prices rose by 200-300yuan/mt, recycled PSF prices normally followed up to rise by 100yuan/mt, and when virgin PSF prices declined, recycled PSF prices would go downward. However, nowadays, the markets for virgin and recycled fibers are becoming increasingly independent. Often, when virgin PSF prices rise, recycled PSF prices do not move; and when virgin PSF prices drop, recycled PSF prices do not necessarily follow suit.  r-PET Bottles

The reasons for this are twofold. On one hand, after substantial capacity expansion of virgin and recycled PSF, the market is oversupplied, leading to intense competition and narrower price fluctuations. For instance, the fluctuation range for HC re-PSF last year was only 500yuan/mt. The price difference between virgin and recycled PSF has been significantly compressed, frequently resulting in minimal price difference of 500yuan/mt or even recycled PSF prices higher than virgin PSF.

On the other hand, the supply of quality recycled feedstock market is tight and prices are hard to decline. r-PET Bottles

The support from cost side to recycled PSF is strong. Without significant external forces causing sharp increases or decreases, recycled PSF prices tend to fluctuate mildly based on their own fundamentals.

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Correlation between virgin PSF and recycled PSF significantly weakens

European Trio Targets Tires-to-Polymer Recycling

Borealis, Covestro, and Neste have launched an initiative to recycle discarded tires into high-quality plastics for the automotive industry. This collaboration focuses on enhancing circularity within the plastics value chains and automotive sector.

Previously, Covestro introduced Makrolon RP polycarbonate, the company’s first product derived from chemically recycled feedstock, though details of the feedstock’s source materials were undisclosed. r-PET Bottles

In this process, tires are chemically recycled, liquefied, and transformed into base chemicals, which are then refined into high-purity polycarbonates (PCs). These PCs are suitable for various automotive applications, including headlamp parts and radiator grilles.

“This cooperation with Neste and Borealis exemplifies our potential to recycle old tires into new car parts, supporting our automotive customers and addressing the critical issue of combining high-performance materials with recycled content.”

Neste plays a key role by converting liquefied discarded tires into high-quality raw materials for polymers and chemicals.  r-PET Bottles

Borealis processes this raw material into base chemicals phenol and acetone, which Covestro then uses to produce polycarbonates. The recycled content is tracked via mass balancing using ISCC Plus certification.

Thomas Van De Velde, senior vice president of Base Chemicals at Borealis, stressed the importance of value-chain cooperation in adding value to waste. Jeroen Verhoeven, vice president of Value Chain Development at Neste, added that this project could serve as a model for establishing circularity in automotive plastics, demonstrating the potential to transform low-quality waste into high-quality plastics, benefiting both industries and the environment.  r-PET Bottles

European Trio Targets Tires-to-Polymer Recycling

r-PET Bottles

Biodegradable Plastics – Pryme has successfully delivered its first batches of pyrolysis oil, produced at its new plant in the Port of Rotterdam, which was launched earlier this year 03-07-2024

Biodegradable Plastics – Pryme has successfully delivered its first batches of pyrolysis oil, produced at its new plant in the Port of Rotterdam, which was launched earlier this year 03-07-2024

Biodegradable Plastics

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Symphony CEO Urges New Government to Adopt Biodegradable Plastics

Michael Laurier, CEO of Symphony Environmental Technologies, has criticized government party manifestos for neglecting plastic waste management.

Laurier emphasized the importance of addressing this issue, noting that none of the parties have developed comprehensive strategies for plastic management. While the Conservatives detailed various environmental initiatives, Laurier criticized their lack of a clear plan to prevent plastic waste from accumulating in oceans.

He also noted that Labour is no better and that Reform would prioritize nuclear energy over Net Zero commitments. Biodegradable Plastics

Laurier acknowledged the Liberal Democrats’ pledge to tackle plastic pollution and improve recycling. However, he argued that their proposal to eliminate non-recyclable single-use plastics could lead to the adoption of materials with worse life-cycle assessments.

Laurier urged political parties to embrace biodegradable plastic technology. He explained that if biodegradable plastics escape into the environment, they would quickly decompose and be removed from the ecosystem. Biodegradable Plastics

He criticized the EU for being worse, citing the Environment Committee of the European Parliament’s ban on “oxo-degradable” plastic, which has caused confusion and delayed the adoption of d2w technology in Europe.

Biodegradable Plastics

-Life Car Recycling

The US chemical giant Dow and Italian recycler Fiori have signed a memorandum of understanding to enhance the recovery of demolition materials from end-of-life vehicles (ELVs). This agreement highlights the growing industry interest in recycling materials from decommissioned cars, especially in light of impending European regulations.

Fiori Group, with three recycling platforms in Italy (two in Bologna and one in Rome), employs 200 people and boasts a turnover of €450 million. Biodegradable Plastics

The group specializes in recovering and storing ferrous and non-ferrous materials from various waste sources, including mechanical processing scraps, car demolitions, and civil and industrial demolitions.

The partnership aims to jointly develop a new ecosystem for recovering and recycling components and materials from ELVs. The memorandum outlines a collaborative approach to analyze the vehicle dismantling process and its impact on the quality of waste fractions for recycling, utilizing a ‘test and learn’ methodology. Biodegradable Plastics

As part of its sustainability strategy, Dow is advancing technologies for the mechanical and chemical recycling of materials traditionally deemed waste. The collaboration with Fiori Group will also involve Dow’s Renuva materials, which are derived from the closed-loop recovery of polyurethane upholstery at the end of its life.

Biodegradable Plastics

Pryme has successfully delivered its first batches of pyrolysis oil, produced at its new plant in the Port of Rotterdam, which was launched earlier this year

The company announced that in recent days it has dispatched 36 tonnes of pyrolysis oil from the 120 tonnes produced during the second quarter at the Pryme One facility. This initial batch, considered a less pure start-up product, was sold at a reduced price, generating revenue of approximately 30,000 euros.  Biodegradable Plastics

Looking ahead, Pryme anticipates that future shipments will command higher prices due to improved quality of the pyrolysis oil. Despite the production volumes falling 500 tonnes short of expectations in the second quarter, the remaining stock and continued production will be delivered in the third quarter.

The Pryme One plant, when fully operational, boasts a nominal capacity of around 30,000 tonnes per year. This chemical recycling facility for plastic waste, which began operations in January, represents a significant step forward in sustainable waste management and recycling efforts. Biodegradable Plastics

The company is optimistic about scaling up production and enhancing the quality of its pyrolysis oil, positioning itself for stronger financial performance in the coming quarters.

Biodegradable Plastics

Japan to obligate manufacturers to use recycled plastics

Currently in Japan, the majority of plastic waste is “recycled” through burning, a method called thermal recycling, through which generated heat is used for power generation or other purposes.Fine modulo

The government of Japan has indicated that the country is set to obligate major manufacturers to utilise recycled plastics as part of efforts to cut plastic pollution and promote decarbonisation, according to a Kyodo News report. Biodegradable Plastics

The government aims to revise the law on the promotion of effective utilisation of resources as early as at next year’s regular Diet session, with the revision expected to request manufacturers to set specific targets and report their achievements on a regular basis.

The Ministry of Economy, Trade and Industry presented the plan at a meeting of experts, in which ways to effectively utilise limited resources were also discussed.

Currently in Japan, the majority of plastic waste is “recycled” through burning, a method called thermal recycling, through which generated heat is used for power generation or other purposes. Biodegradable Plastics

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Japan to obligate manufacturers to use recycled plastics

True or false: Bio-based synthetic fabrics can’t be recycled

The answer? False. Yes they can – but we still need to wait to see it actually happen.

Nearly all textile materials are technically suitable for mainstream mechanical recycling, except for maybe those that contain elastane.

Another question is: Are they being recycled? Currently, this is not really the case, but nor is it for fossil-based textiles. Of the 5 million tons of clothing that is discarded each year in the EU, for example, only 1 percent is being recycled into new clothes. Biodegradable Plastics

Starting from year 2025, EU countries are obliged to collect textiles separately. In Europe, currently 22 percent of disposed textiles are collected. Majority is landfilled or incinerated to energy. Of the collected textiles, half are exported to developing countries and half are downcycled to products that have lower value.

The future prospects for recycling can be enhanced by adhering to well-established materials with existing waste streams. Their ingredients can still be substituted with bio-based alternatives. Biodegradable Plastics

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True or false: Bio-based synthetic fabrics can’t be recycled

Indonesia pushes microalgal biotechnology for high-value products     

Industry Minister Agus Gumiwang Kartasasmita has championed the development of microalgal biotechnology in Indonesia to create high-value products.

“Microalgae hold tremendous potential for development in Indonesia thanks to our favorable environmental conditions,” he noted in a statement on Saturday.

As an example of this potential, Kartasasmita highlighted the work of Evergen Resources, a Central Java-based company producing Haematococcus pluvialis microalgae.

The algae produces astaxanthin, a valuable substance for protecting against the oxidation of polyunsaturated fatty acids, boosting the immune response, and guarding against the negative effects of ultraviolet light. Biodegradable Plastics

According to Kartasasmita, the astaxanthin derived from microalgae is rich in antioxidants and can be used in various products, including health supplements, medicines, cosmetics, food and beverages, and even animal feed.

However, he acknowledged significant challenges in developing microalgal biotechnology. High production and research costs limit consumer affordability and hinder market expansion. Biodegradable Plastics

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Indonesia pushes microalgal biotechnology for high-value products 

Tethered Cap – UPM Raflatac’s RafCycle recycling service has earned a new certificate of validity from Dekra, a leading international assurance service provider 02-07-2024

Biodegradable Plastics

Tethered Cap – UPM Raflatac’s RafCycle recycling service has earned a new certificate of validity from Dekra, a leading international assurance service provider 02-07-2024

Tethered Cap

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UPM Raflatac’s RafCycle recycling service has earned a new certificate of validity from Dekra, a leading international assurance service provider

This certification affirms the credibility of RafCycle’s CO2 impact assessments in Europe and the US, enabling customers to better communicate their environmental contributions within the labeling value chain.

“With Dekra’s validated CO2 calculation method, RafCycle partners now have access to reliable information on the potential benefits of the RafCycle service.

This data assists companies in making informed decisions and effectively conveying their sustainability efforts to stakeholders,” says Juha Virmavirta, RafCycle Director at UPM Raflatac.  Tethered Cap

The global waste issue is critical, with the linear use of materials exacerbating climate change. Stricter sustainability regulations and evolving consumer preferences are driving the need for improved waste management solutions. However, there is still a significant opportunity to enhance label release liner recycling rates globally.

RafCycle by UPM Raflatac is the pioneering label release liner recycling service, aimed at optimizing label waste management and promoting a circular economy. Tethered Cap

Tethered Cap

The World Bank has approved an additional $1.5 billion loan to bolster India’s green hydrogen market and expand renewable energy penetration

This second round of funding is aimed at promoting low-carbon energy development in India, which is essential for decoupling economic growth from emissions growth. The funding will support the creation of a robust market for green hydrogen, enhance renewable energy efforts, and stimulate financing for low-carbon energy investments.

As the fastest-growing large economy, India needs to scale up renewable energy, particularly in hard-to-abate industrial sectors.  Tethered Cap

The World Bank’s Second Low-Carbon Energy Programmatic Development Policy Operation will support reforms to boost green hydrogen and electrolyzer production, crucial for green hydrogen production. It will also promote renewable energy by incentivizing battery energy storage and amending the Indian Electricity Grid Code for better renewable energy integration.

In June 2023, the World Bank approved the first $1.5 billion for the First Low-Carbon Energy Programmatic Development Policy Operation, which supported the waiver of transmission charges for renewable energy in green hydrogen projects, issued a clear path for 50 GW of annual renewable energy tenders, and created a legal framework for a national carbon credit market.  Tethered Cap

The reforms are expected to produce at least 450,000 metric tons of green hydrogen and 1.5 GW of electrolyzers annually from FY25/26, significantly increasing renewable energy capacity and reducing emissions by 50 million tons per year.

The financing includes a $1.46 billion loan from the International Bank for Reconstruction and Development and a $31.5 million credit from the International Development Association.

Tethered Cap

Zero Waste Europe urges comprehensive inclusion of waste incineration in EU ETS

Municipal waste incineration must immediately and comprehensively be included in the EU’s Emission Trading System, says the environmental network Zero Waste Europe in a new report.

Comprehensive, meaning electricity and heat incineration, as well as biogenic CO2, to ensure these facilities are included properly.  Tethered Cap

Developed by Equnimator, the report entitled, “Incineration in the EU-ETS: A set of suggestions for its inclusion” highlights the urgency to adopt this recommendation to achieve the EU’s climate goals.

After the European Parliament approved reforms to the ETS in 2022, a path opened to consider municipal waste incineration under its scope, but as of 1 January 2024, these facilities have only been included for monitoring, reporting, and verification purposes. They are not yet required to surrender allowances for their emissions.  Tethered Cap

The Commission is required to study the feasibility of including these facilities in the EU-ETS in July 2026, with a potential inclusion by 2028.

Janek Vahk, Zero Pollution Policy Manager at Zero Waste Europe, states: “The inclusion of incineration within the EU-ETS is long overdue.  Tethered Cap

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Tethered Cap

Coca-Cola Europacific Partners Completes Conversion to Tethered Cap Bottles in GB

Coca-Cola Europacific Partners (CCEP) GB has successfully completed the transition to attached cap plastic bottles at all its manufacturing sites, with the final switch occurring at its Morpeth site in Northumberland. The attached cap innovation involves a tether added to the ring around the bottle’s neck, ensuring the cap stays firmly attached for easier collection and recycling. Bottles feature a message on the cap, stating: “I am attached to recycle together.” Tethered Cap

Morpeth’s site can now produce 17.5 million unit cases of attached cap plastic bottles of Glaceau Smartwater annually, serving customers throughout Great Britain.

The conversion process began two years ago and involved all five of CCEP’s GB manufacturing sites: East Kilbride, Morpeth, Wakefield, Sidcup, and Edmonton. Morpeth’s Smartwater production line and Edmonton’s Oasis packaging line were the last to make the switch this spring. This initiative is part of a £7.5 million (US $9.5 million) investment aimed at reconfiguring existing production lines to manufacture plastic bottles with attached caps. Tethered Cap

Additionally, this investment has facilitated the acceleration of using 100% recycled PET (rPET) in 500ml bottles and the replacement of plastic shrink wrap with sustainable cardboard for all multi-pack cans, a transition that concluded this year.

Coca-Cola Europacific Partners Completes Conversion to Tethered Cap Bottles in GB

Technip Energies Acquires Technology from Shell to Boost Bio-Polyester Production

Technip Energies and Shell Catalysts & Technologies have announced a technology transfer agreement aimed at accelerating the commercialization of Technip Energies’ Bio-2-Glycols™ technology. This innovative technology enables the production of bio-based Mono Ethylene Glycol (MEG) from glucose, offering a sustainable alternative to fossil-based feedstocks. Tethered Cap

Traditionally, MEG is derived from fossil fuels and is used to produce various polyesters found in packaging materials, like plastic bottles, and clothing.

Through this acquisition, Technip Energies aims to offer a bio-based polyester solution, significantly reducing the carbon footprint and environmental impact by using a bio-sourced monomer. Tethered Cap

The agreement combines Shell’s research and development advancements with Technip Energies’ bio-MEG technology, enhancing efficiency and sustainability. The integrated technology will be marketed under the Bio-2-Glycols™ trademark, representing a significant step towards eco-friendly industrial processes.

Wei Cai, Chief Technology Officer of Technip Energies, expressed satisfaction with the agreement: “We are excited to propose an optimized, combined solution for producing bio-MEG, essential for various everyday applications. We anticipate rapid commercialization of our Bio-2-Glycols™ technology by 2025, contributing significantly to the net-zero challenge.” Tethered Cap

Technip Energies Acquires Technology from Shell to Boost Bio-Polyester Production

Eletrobras and Suzano, the world’s largest cellulose producer, have announced a partnership to explore the production of e-methanol from green hydrogen and biogenic CO2

This innovative fuel would be produced using green hydrogen, generated through water electrolysis, and CO2 from biomass at Suzano’s facilities.

Ítalo Freitas, Eletrobras’ VP of Commercialization and Energy Solutions, emphasized the partnership’s goal to advance sustainable energy by developing e-methanol, an essential component of future energy solutions. The research will determine the technical and economic viability of constructing a synthetic fuel production unit, known as e-fuels.

The company has signed agreements to provide renewable energy for electrolysis in Ceará, Piauí, and Maranhão. Tethered Cap

Eletrobras sees green hydrogen as a potential energy storage solution, complementing hydroelectric plants.

The companies believe that producing synthetic fuels from biogenic CO2 and renewable hydrogen has significant demand and scalability potential.

Suzano, one of Brazil’s largest biomass energy producers, plans to capture CO2 from its biomass combustion processes and combine it with green hydrogen to create clean fuel. The cellulose company’s power generation capacity is expected to increase from 1.3 GW to 1.7 GW with a new factory in Ribas do Rio Pardo.  Tethered Cap

Brazil’s paper and cellulose sector, the second-largest global cellulose producer and leading exporter, is well-positioned to excel in e-methanol production. In 2022, the sector achieved R$260 billion in revenue and produced 25 million tons of cellulose, contributing 1.3% to Brazil’s GDP and 4.3% to national exports.

Eletrobras and Suzano, the world's largest cellulose producer, have announced a partnership to explore the production of e-methanol from green hydrogen and biogenic CO2

Polymer resin – CARBIOS and Zhink Group enter official discussions for long-term partnership to build PET biorecycling industrial capacities in China 01-07-2024

Tethered Cap

PET Prices – Trinseo has recently launched a chemical recycling demonstration plant in Rho, just outside Milan Italy 01-07-2024

PET Prices

PET Prices

  • Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
  • Feedstocks  PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
  • Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF  Acrylic Staple Fiber 

PET Prices

PET Prices

Polyestertime
ITEM 24/06/2024 01/07/2024 +/-
Bottle grade PET chips domestic market 7,030 yuan/ton 7,080 yuan/ton +50
Bottle grade PET chips export market 895 $/ton 900 $/ton +5
Filament grade Semidull chips domestic market 7,000 yuan/ton 7,100 yuan/ton +100
Filament grade Bright chips domestic market 7,020 yuan/ton 7,120 yuan/ton +100
Pure Terephthalic Acid PTA domestic market

PET Prices

 5,930 yuan/ton 6,020 yuan/ton
 +90
Pure Terephthalic Acid PTA export market 720 $/ton 730 $/ton +10
Monoethyleneglycol MEG domestic market 4,510 yuan/ton 4,655 yuan/ton
 +145
Monoethyleneglycol MEG export market 527 $/ton 545 $/ton +18
Paraxylene PX FOB  Taiwan market 1,040 $/ton 1,049 $/ton
 +9
Paraxylene PX FOB  Korea market 1,018 $/ton 1,027 $/ton +9
Paraxylene PX FOB EU market 1,120 $/7on 1,125 $/ton +5
Polyester filament POY 150D/48F domestic market 7,850  yuan/ton 8,000 yuan/ton
 +150
Recycled Polyester filament POY  domestic market 7,650 yuan/ton 7,700 yuan/ton +50
Polyester filament DTY 150D/48 F domestic market 9,350 yuan/ton 9,400 yuan/ton +50
Polyester filament FDY 68D24F 9,025 yuan/ton 9,200 yuan/ton +175
Polyester filament FDY 150D/96F domestic market

PET Prices

 8,325 yuan/ton 8,500 yuan/ton +175
Polyester staple fiber 1.4D 38mm domestic market 7,850 yuan/ton 7,870 yuan/ton +20
Caprolactam CPL domestic market 13,000 yuan/ton 12,900 yuan/ton
 -100
Caprolactam CPL overseas  market 1,650 $/ton 1,650 $/ton –
Nylon 6 chips overseas  market 1,920 $/ton 1,920 $/ton –
Nylon 6 chips conventional spinning domestic  market 14,200 yuan/ton 14,050  yuan/ton -150
Nylon 6 chips  high speed spinning domestic  market 14,700 yuan/ton 14,400 yuan/ton -300
Nylon 6.6 chips domestic  market

PET Prices

 20,400 yuan/ton 20,200 yuan/ton -2
Nylon6 Filament POY 86D/24F domestic  market 16,900 yuan/ton 16,600 yuan/ton -300
Nylon6 Filament DTY 70D/24F domestic  market 19,200 yuan/ton 19,000 yuan/ton -200
Nylon6 Filament FDY  70D/24F  18,100 yuan/ton 17,850 yuan/ton -250
Spandex 20D  domestic  marke 32,500 yuan/ton 32,000 yuan/ton -500
Spandex 30D  domestic  market 31,000 yuan/ton 30,500 yuan/ton -500
Spandex 40D  domestic  market  28,000 yuan/ton 27,500 yuan/ton -500
Adipic Acid domestic market

PET Prices

 9,800 yuan/ton 9,700 yuan/ton -100
Benzene domestic market9, 9,415 yuan/ton 9,250 yuan/ton -275
Benzene overseas  market 998 $/ton 1,040 $/ton +42
Ethylene South East market 945 $/ton 930 $/ton -15
Ethylene NWE market CIF 765 $/ton 765 $/ton –
Acrylonitrile ACN  domestic market 9,400 yuan/ton 9,400 yuan/ton –
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton –
Acrylic staple fiber ASF  domestic market

PET Prices

 14,600 yuan/ton 14,600 yuan/ton –
Viscose Staple Fiber VSF  domestic market 13,350 yuan/ton 13,300 yuan/ton -50
PP Powder domestic market 7,470 yuan/ton 7,530 yuan/ton +60
Naphtha overseas market  703 $/ton 719 $/ton +16
Phenol domestic market 8,320 yuan/ton 8,262 yuan/ton -58

r-PET high end eco-friendly chips =8,300 yuan/ton  — 8,300 yuan/ton   –

PET Prices

Pietro Cassani Appointed President & CEO of Sidel

The Tetra Laval Group Board has announced the appointment of Pietro Cassani as the new President & CEO of Sidel, effective from July 15, 2024. Based in Parma, Italy, Pietro succeeds Monica Gimre, who served in this role for over five years and had a remarkable 41-year tenure with the Tetra Laval Group.  PET Prices

Pietro brings extensive experience to his new position. He previously held the CEO role at the Marchesini Group for eight years and served as Group General Manager of SACMI for over a decade. With a total of 30 years in business and engineering, Pietro holds an Engineering degree from the University of Bologna and an MBA from the SDA Bocconi School of Management.

Additionally, here’s a brief overview of Tetra Laval and Sidel:

About Tetra Laval: Tetra Laval Group comprises three industry-focused entities: Tetra Pak, Sidel, and DeLaval. PET Prices

Their collective mission centers around efficient and sustainable technologies and services for food production, processing, packaging, and distribution. With operations in over 170 countries, Tetra Laval employs more than 34,000 people and achieved revenue of EUR 15.7 billion in 2023. For further details, visit Tetra Laval’s website.

About Sidel: Sidel, a global leader in packaging solutions, specializes in beverages, food, and personal and household care products. With over 170 years of industry expertise, Sidel offers advanced systems, line engineering, and sustainable solutions. Their footprint spans 190 countries, with more than 40,000 machines installed and a dedicated workforce of over 5,000 employees.  PET Prices

Pietro Cassani Appointed President & CEO of Sidel

Trinseo has recently launched a chemical recycling demonstration plant in Rho, just outside Milan Italy

This facility, focusing on the depolymerization of polymethylmethacrylate (PMMA) waste and scraps, was inaugurated in the presence of local officials. The announcement for this plant came at the end of the previous year, highlighting a significant development since Trinseo’s expansion in 2021 through the acquisition of methyl methacrylate (MMA) and PMMA activities from Arkema. PET Prices

The innovative recycling unit transforms PMMA waste back into its original monomer, MMA. This substance can then be reprocessed into new PMMA without losing the material’s inherent mechanical and optical qualities. The recycled MMA is suitable for use in manufacturing compounds or extruding various sheets.

This depolymerization process was originally developed as part of the European MMAtwo project, which began in 2018. The project was led by Dutch PMMA recycling specialist Heathland, which Trinseo later acquired. This step represents a move towards more sustainable practices within the industry, aiming to reduce waste and encourage the reuse of materials in a way that maintains product integrity. PET Prices

Trinseo has recently launched a chemical recycling demonstration plant in Rho, just outside Milan

Polymer resin – CARBIOS and Zhink Group enter official discussions for long-term partnership to build PET biorecycling industrial capacities in China 01-07-2024

Polymer resin

PET Prices – Trinseo has recently launched a chemical recycling demonstration plant in Rho, just outside Milan Italy 

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Polymer resin

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Supply Disruption Drives US PET Resin Prices High in June 2024 Amid High Demand

Polyethylene Terephthalate (PET) resin prices continued to surge in the US market during the first three weeks of June.

This increase is attributed to supply disturbances amid firm demand from the downstream PET bottle and beverages industry. Consequently, in the early part of the month, PET resin prices rose by approximately 1.1% due to these factors.  Polymer resin

However, PET feedstock prices exhibited an opposite trend. PTA prices remained stable, while MEG prices declined by about 2.3% due to high inventory levels.

This decline in MEG prices is also linked to demand softness and high inventory in the US crude oil market.

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Supply Disruption Drives US PET Resin Prices High in June 2024 Amid High Demand

Aimplas studies the quality of recycled plastics from automotive waste

The SURFTOP Project develops the technologies required for recycled plastic material to maintain the surface properties and vehicle interior air quality (VIAQ) levels required by manufacturers.

In the automotive industry, the use of plastic materials for the exterior and interior of vehicles is gradually increasing with the replacement of traditional materials such as metal.  Polymer resin

Plastic parts help reduce vehicle weight and, therefore, CO2 emissions. Moreover, as one of the world’s greatest consumers of plastics, the automotive industry is steadily increasing the percentage of recycled plastic to produce more sustainable vehicles and reduce their environmental impact.

With the aim of facilitating the use of recycled and renewable materials in the automotive sector, AIMPLAS, the Plastics Technology Centre, has launched the SURFTOP Project, with funding from the Valencian Institute of Competitiveness and Innovation (IVACE+i) and the ERDF.

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Samsara Eco, an Australia environmental tech startup, has secured a substantial $65 million in funding to advance its sustainable polymer resin solutions

This recent investment brings the company’s total funding to $73 million since its founding in 2020. Samsara Eco is known for producing fossil-free polymer resins, offering a sustainable alternative to traditional plastic packaging and textiles.

Samsara Eco has expanded its enzyme library, enabling the recycling of challenging materials such as nylon 6,6, polyester, and nylon 6. Polymer resin

A notable collaboration with Lululemon has led to the introduction of the first product made from enzymatically recycled polyester, marking a major milestone in sustainable fashion and circularity.

Samsara Eco is also scaling its operations, with new facilities in Jerrabomberra, New South Wales, and plans to expand its team in North America. The company is pursuing global commercialization, with Southeast Asia being a potential future location for its commercial facilities. Polymer resin

The company’s patented recycling technology, EosEco™, significantly reduces recycling time and cuts down on energy, heat, and carbon emissions. Samsara Eco aims to recycle 1.5 million tonnes of plastic annually by 2030, significantly mitigating carbon emissions. Currently, the company employs 60 staff members across Australia and North America, with plans to grow to 90 by the end of 2025.

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Mixed Global Trends in Paraxylene Prices Amid Upward Pressure from Upstream Market

The global prices for Paraxylene have exhibited a mixed trend. In the APAC region, prices mostly trended upward except in China, where they remained stable. The EU region also showed stability across the board, with moderate demand and supply with no major disruptions. Polymer resin

This stability is attributed to consistent downstream demand, while upstream prices of naphtha and crude oil continued their upward trajectory.

In the APAC region, Paraxylene prices have shown a mixed trend. In the South Korean market, prices rose by 1.5%, moving from USD 1004/MT to USD 1018/MT, supported by the increase in crude oil prices. The prices for Paraxylene have generally been on an upward trend, with aromatics production potentially increasing as producers aim to capitalize on higher margins. Polymer resin

This could result in more supplies entering the market, as the demand remains in uptrend. Market players have indicated that while physical demand is acceptable, it is not particularly strong. Conversely, in the Chinese market, Paraxylene prices have remained stable due to low demand.

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Mixed Global Trends in Paraxylene Prices Amid Upward Pressure from Upstream Market

CARBIOS and Zhink Group enter official discussions for long-term partnership to build PET biorecycling industrial capacities in China

This partnership would allow Zhink Group to meet its leadership ambitions through increased recycled PET capacities and sustainable competitiveness by offering recycled PET from enzymatic recycling Polymer resin

Based in China, the future plant will depolymerize minimum 50k tons of PET waste per year, with potential to expand capacities, to serve regional and global packaging and textile markets

CARBIOS and Zhink Group enter official discussions for long-term partnership to build PET biorecycling industrial capacities in China  Polymer resin

CARBIOS, a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and Zhink Group, one of China’s Top 500 Private Enterprises, specializing in two global industries, PET and textiles, announce today the signing of a joint Letter of Intent to build a biorecycling plant in China using CARBIOS’ revolutionary enzymatic depolymerization technology to serve the global market.

China: the world’s largest PET producer

With 67 million tons of PET produced annually, representing 61% of global production[1], China is the world’s largest PET producer. Polymer resin

With regional and global demand for recycled PET growing, China also has the potential to take the lead in recycled PET (r-PET) production.  In 2021, 58% of the world’s r-PET was consumed in Asia (with 38% in China[2]) underscoring this region’s importance both as a major producer and consumer.

CARBIOS and Zhink Group enter official discussions for long-term partnership to build PET biorecycling industrial capacities in China

APK successfully scales Newcycling® for post-consumer waste

APK AG has successfully scaled its proprietary Newcycling® technology for the recycling of post-consumer plastic waste. Flexible, multi-material packaging waste is the focus as a material stream. “We were able to increase the laboratory scale by 200 times and have reached an industrial scale,” explains Dr Robert Marx, Chief Technology Officer of APK AG. “The development of Newcycling® is progressing continuously, even during the provisional self-administration procedure in which APK AG is currently engaged. Polymer resin

Our post-consumer process runs smoothly day after day and the quality of the corresponding Newcycling® recyclates is impressive. Sensitive applications such as packaging in the personal care sector will represent an important market for our LDPE recyclate.”

Newcycling® combines mechanical pre-treatment steps with solvent-based purification and separation processes. Polymer resin

This enables the physical technology to efficiently recycle complex, flexible packaging waste – such as multilayer films – and to obtain high-quality, pure recyclates. After first being scaled up based on waste from multilayer film production and tested up to commercial LDPE and PA products, Newcycling® is now dedicated to post-consumer waste.

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APK successfully scales Newcycling® for post-consumer waste

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Bio-polyester – Ambercycle and Hyosung TNC Join Forces to Scale Decarbonized, Circular Polyester 29-06-2024