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PET Prices – Trinseo has recently launched a chemical recycling demonstration plant in Rho, just outside Milan Italy
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Crude Oil Prices Trend
Crude Oil Prices Trend by Polyestertime
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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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.
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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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.
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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Bio-polyester – Ambercycle and Hyosung TNC Join Forces to Scale Decarbonized, Circular Polyester 29-06-2024
