Polyester – Neste and Braskem have entered into a significant partnership to provide renewable and recycled feedstocks for polymer and chemical production, marking a major shift in the sustainability of materials for the plastics and chemical industries 28-10-2024

Polyester

Polyester

 

Polyestertime
ITEM 21/10/2024 28/10/2024 +/-
Bottle grade PET chips domestic market 6,280 yuan/ton 6,280 yuan/ton
Bottle grade PET chips export market     880 $/ton 845  $/ton -35-
LDPE CFR Est China 1,225 $/ton 1,200 $/ton -25-
PET Semidull Fiber chips

PET Bright

6,300 yuan/ton

6,320 yuan/ton

6,240 yuan/ton

6,270 yuan/ton

-60-

-50-

Pure Terephthalic Acid PTA domestic market

Polyester

5,050 yuan/ton 4,950 yuan/ton
-100-
Pure Terephthalic Acid PTA FOB China 660 $/ton 630 $/ton -30-
Monoethyleneglycol MEG Shandong 4,700 yuan/ton 4,750 yuan/ton
+50-
Monoethyleneglycol MEG CFR China 572 $/ton 555 $/ton -17-
Paraxylene PX FOB  Taiwan market 845 $/ton 855 $/ton
+10-
Paraxylene PX FOB  Korea market 825 $/ton 835 $/ton +10-
Paraxylene PX FOB EU market 901 $/ton 856 $/ton -45-
Polyester filament POY 150D/48F domestic market 7,325  yuan/ton 7,150 yuan/ton
-175-
Recycled Polyester filament POY  domestic market 6,880 yuan/ton 7,000 yuan/ton +120-
Polyester filament DTY 150D/48 F domestic market 8,750 yuan/ton 8,700 yuan/ton -50-
Polyester filament FDY 68D24F 8,400 yuan/ton 8,250 yuan -150-
Polyester filament FDY 150D/96F domestic market

Polyester

8,800 yuan/ton 7,650 yuan/ton -150-
Polyester staple fiber 1.4D 38mm domestic market 7,130 yuan/ton 7,120 yuan/ton -10-
Caprolactam CPL domestic market 11,400 yuan/ton 11,000 yuan/ton
-400-
Caprolactam CPL  CFR China 1,550 $/ton 1,550 $/ton
Nylon 6 chips overseas  market 1,840 $/ton

 

1,840 $/ton

 

 

Nylon 6 chips conventional spinning domestic  market 12,600 yuan/ton 12,100 yuan/ton -500-
Nylon 6 chips  high speed spinning domestic  market 13,300 yuan/ton 12,900 yuan/ton -400-
Nylon 6.6 chips domestic  market 17,600 yuan/ton 17,600 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 15,300 yuan/ton 15,100 yuan/ton -200-
Nylon6 Filament DTY 70D/24F domestic  market 17,700 yuan/ton 17,500 yuan/ton -200-
Nylon6 Filament FDY  70D/24F  16,600 yuan/ton 16,400 yuan/ton -200-
-Spandex 20D  domestic  marke 28,100 yuan/ton 28,100 yuan/ton
Spandex 30D  domestic  market 27,600 yuan/ton 27,600 yuan/ton
Spandex 40D  domestic  market  24,600 yuan/ton 24,600 yuan/ton
Adipic Acid domestic market 8,250 yuan/ton 8,250 yuan/ton
Benzene domestic market East China 7,770 yuan/ton 7,420 yuan/ton -350-
Benzene CFR  China 901 $/ton 908 $/ton +7-
Ethylene South East market 950 $/ton 950 $/ton
Ethylene NWE market CIF 888 $/ton  827 $/ton -61-
Acrylonitrile ACN  domestic market 8,500 yuan/ton 8,750 yuan/ton +250-
Acrylonitrile ACN  overseas market 1,185 $/ton 1,185 $/ton
Acrylic staple fiber ASF CFR China 14,600 yuan/ton 14,600 yuan/ton
VSF viscose staple fiber 13,870 yuan/ton 13,850 yuan/ton -20-
PP Powder domestic market 7,250 yuan/ton 7,240 yuan/ton -10-
Naphtha overseas market  640 $/ton 636 $/ton -4-
Phenol domestic market

Jinan Dezheng Chemical Co., LtdYanshan Petrochemical

Shandong Province

7,650 yuan/ton 7,827 yuan/ton -177-

recycled PET  =                    5,250 yuan/ton  —          5,250  yuan/ton             –

Polyester

Neste and Braskem have entered into a significant partnership to provide renewable and recycled feedstocks for polymer and chemical production, marking a major shift in the sustainability of materials for the plastics and chemical industries

Braskem, the largest thermoplastic resin producer in the Americas, aims to integrate these feedstocks into its product line starting in the fourth quarter of 2024, with products mainly distributed across South America under Braskem’s Wenew brand.

A Step Toward Sustainable Production

Fabiana Quiroga, Director of Circular Economy at Braskem South America, emphasized the importance of this collaboration with Neste as a key step toward circular economy goals. According to Quiroga, the partnership represents an industry milestone by meeting high-quality standards while promoting environmental responsibility from the beginning of the production process. The renewable feedstocks will enable Braskem to shift toward a more sustainable, resource-efficient production model, minimizing the need for virgin fossil materials and reducing environmental impacts. Polyester

Introducing Neste RE™ Feedstock

Under the agreement, Braskem will produce resins and chemicals using Neste’s sustainable feedstock, Neste RE™, which combines recycled materials and renewable inputs. The recycled component of Neste RE™ is derived from plastic waste processed through advanced chemical recycling. This process breaks down plastics that are typically challenging to recycle, such as multi-layered or colored plastics, making them usable once more as high-quality feedstock. The renewable component, meanwhile, is sourced from sustainable raw materials like used cooking oil (UCO), offering an alternative to traditional fossil-based inputs.

Jeroen Verhoeven, Commercial Director for Polymers and Chemicals at Neste, expressed optimism about the partnership’s role in advancing a more sustainable plastics and chemicals industry in South America. By reducing reliance on virgin fossil materials, the collaboration is expected to enhance circular practices across the sector, making sustainable options more accessible and aligning with global efforts to cut greenhouse gas (GHG) emissions. Polyester

Mass Balance Certification for Traceability

The integration of Neste’s feedstocks into Braskem’s operations will follow the ISCC PLUS-certified mass balance approach. This system is internationally recognized for verifying sustainability and carbon standards, providing assurances to customers about the responsible sourcing and custody of materials throughout the supply chain. The ISCC PLUS certification is an essential part of ensuring the environmental credibility of the products and a critical tool for verifying the consistency of sustainable practices from sourcing to end-use.

Reducing Environmental Footprint

Neste RE™ addresses two of the most promising avenues for reducing the environmental impact of polymers: chemical recycling and renewable feedstocks. Chemical recycling transforms hard-to-recycle plastics, which would otherwise end up as waste, into high-quality, reusable materials, ultimately diverting significant volumes of plastic waste from landfills and ecosystems. Polyester

By leveraging this approach, Braskem can contribute to closing the loop on plastics, improving recycling rates and enhancing circularity in its supply chain.

On the renewable side, the feedstock produced by Neste uses raw materials like UCO and waste fats, substantially lowering greenhouse gas emissions when used as a substitute for fossil-based feedstocks. The use of these materials enables the creation of products with a reduced carbon footprint, supporting broader climate goals. Importantly, these renewable feedstocks are approved for sensitive applications such as food-contact packaging, a major achievement in the industry. The Brazilian Health Regulatory Agency (ANVISA) has recognized chemical recycling as a method that produces materials indistinguishable from traditional fossil-based counterparts, allowing their use in food-safe applications without requiring additional approvals. Polyester

A Forward-Thinking Solution for the Industry

Through this innovative combination of renewable and recycled materials, Neste and Braskem are setting a precedent for the plastics and chemicals sector. By integrating sustainable practices from the source, they are paving the way for a reduced dependence on virgin fossil feedstocks, addressing both waste reduction and emissions concerns. The adoption of these advanced materials in South America further signals the region’s readiness to embrace sustainable innovation, encouraging local industries and markets to shift toward greener alternatives.

Accelerating the Circular Economy

Braskem’s commitment to a circular economy is central to this agreement, highlighting a shared vision with Neste for a future where production and recycling form a continuous cycle. Through this collaboration, Braskem aims to increase the use of renewable and recycled feedstocks across its product lines, advancing its sustainability targets and supporting a circular value chain. Polyester

With the inclusion of recycled content, the environmental impact of plastics and chemicals can be substantially mitigated, reducing dependency on new fossil inputs and fostering a market that prioritizes recycling and reuse.

Neste’s renewable feedstock solutions allow Braskem to address rising consumer demand for environmentally responsible products, particularly in the Wenew portfolio. As sustainability becomes an increasingly important factor in consumer choices, Braskem’s ability to deliver eco-friendly options in both the chemical and polymer sectors strengthens its market position while contributing to broader environmental goals. Polyester

Outlook for Sustainable Development

The Neste-Braskem partnership aligns with industry-wide goals for reducing environmental impacts and supporting sustainable development. By advancing the availability and adoption of alternative feedstocks, they offer a model that could inspire other players in the sector to adopt similar approaches. As the use of renewable feedstocks expands, the industry will likely see an increase in innovative recycling methods and a shift towards more sustainable production practices, setting new benchmarks for circular economy practices in the years to come.

The Neste-Braskem collaboration reflects a powerful commitment to transforming the plastics and chemicals landscape, providing an example of how industrial partnerships can foster meaningful progress in sustainability. Polyester

As this approach gains traction, it signals a broader industry shift where traditional production models give way to greener alternatives, benefiting both businesses and the environment alike. With Neste and Braskem leading the charge, the transition to a circular economy in the plastics and chemicals sector is one step closer to reality.

POLYESTER

Technip Energies and Enerkem formalize collaboration to advance waste-to-sustainable fuels and circular chemicals technology

Technip Energies (Paris: TE) and Enerkem Inc. announce the official signing of their Collaboration Agreement, solidifying their commitment to accelerate the deployment of Enerkem’s technology converting non-recyclable waste and residues into sustainable fuels and circular chemical products. Polyester

Enerkem’s groundbreaking gasification technology caters to hard-to-abate sectors such as aviation and marine fuels, providing sustainable fuel and chemical pathways. Under the terms of the agreement, Technip Energies and Enerkem will provide everything from strategic plant design and modularized project delivery services to clients.

As Enerkem’s strategic partner, Technip Energies will contribute its expertise in engineering (incl. modularization), technology integration (hydrogen, carbon capture, etc.) and project delivery to support joint development of such projects. The collaboration will focus on strategic efforts to further optimize design elements and industrialize the approach to offer a cost-effective solution.

Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circularity of Technip Energies, said: “We are pleased to deepen our relationship with Enerkem for the deployment of its technology platform to convert waste into sustainable fuels and chemicals. Together, we will leverage our design and engineering expertise to provide sustainable solutions using non-recyclable wastes as feedstock.” Polyester

More…

Technip Energies and Enerkem formalize collaboration to advance waste-to-sustainable fuels and circular chemicals technology

Polyester – Neste and Braskem have entered into a significant partnership to provide renewable and recycled feedstocks for polymer and chemical production, marking a major shift in the sustainability of materials for the plastics and chemical industries  28-10-2024

Polyester 

Neste and Braskem have entered into a significant partnership to provide renewable and recycled feedstocks for polymer and chemical production, marking a major shift in the sustainability of materials for the plastics and chemical industries 

More…

Polyester 

Versalis, ENI’s chemical subsidiary, reported a €200 million loss in Q3 2024, despite a slight increase in production

Following the recent announcement of a €2 billion reorganization plan, including plant closures and strategic shifts, ENI highlighted persistent challenges in its chemical sector.

The Q3 adjusted operating loss of €193 million, though slightly lower than Q3 2023’s €198 million, brought the nine-month cumulative loss to €583 million, up from €377 million in the same period of 2023. ENI attributed the losses to economic slowdowns, high European production costs, and intense competition from American and Asian producers amid an oversupply situation. Additionally, declining margins on polyethylene and styrenics due to lower raw material prices impacted profitability. Polyester 

In terms of production, Q3 sales volume rose 6% year-over-year to 810,000 tonnes, with the nine-month total reaching 2.43 million tonnes, a 4% increase over last year.

ENI’s plan aims to “drastically” reduce Versalis’ reliance on basic chemicals, a sector facing a severe, irreversible crisis in Europe. Over the past 15 years, Versalis has incurred approximately €7 billion in losses, including €3 billion in the last five years. The transformation plan emphasizes decarbonization and aims to reposition Versalis in higher-value chemical markets. Polyester 

Polyester 

Miprons, an Italian start-up founded by Angelo Minotti, is pioneering a revolutionary satellite propulsion system that uses water as a propellant

Based on electrolysis, water is split into hydrogen and oxygen, which are then combusted in a miniaturized chamber to produce thrust. This technology offers significant advantages over traditional systems that rely on costly propellants, as water can be sourced directly in space, reducing geopolitical dependence.

Roberto Vittori, a veteran astronaut, supports Miprons’ mission, describing the technology as a game-changer in space propulsion.  Polyester 

The startup’s innovations, protected by international patents, aim to make satellite operations faster, safer, and more sustainable.

A major milestone for Miprons is its co-development agreement with Thales Alenia Space Italia, marking significant industry interest.

Miprons is now seeking €3 million to further develop its system, expand its lab, and grow its team, aiming for full-scale operations by 2029.

In the next few years, Miprons plans to expand internationally, with branches in Singapore and the U.S.  Polyester 

The company’s goal is to achieve its first commercial flight by 2026 and capture at least 1% of the growing space propulsion market by 2029, aiming for a turnover exceeding €100 million.

Miprons, an Italian start-up founded by Angelo Minotti, is pioneering a revolutionary satellite propulsion system that uses water as a propellant

New study finds UK is in favour of banning single-use packaging

New research released by environmental charity City to Sea revealed the public overwhelmingly wants to see the government take action against plastic, with 73% of people stating the government should ban as much single-use packaging as possible.

Over half of those surveyed (64%) also agreed that a ban on single-use plastic in dine-in settings must be implemented. This follows in the footsteps of France, where all brasseries, cafés, and multinational chains with more than 20 seats per venue must provide reusable packaging. Polyester 

The move has already diverted an estimated 180,000 tonnes of waste from landfill, and City to Sea has called on the government to introduce a similar ban in the UK, by launching an online petition that gathered 30,000 signatures.

Solutions to reduce litter from single-use packaging

A large majority (85%) of people would like to see a reduction in plastic litter in their local area, which could be largely helped by the introduction of policies such as a  Deposit Return Scheme that includes glass. Polyester 

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New study finds UK is in favour of banning single-use packaging

Eni and Seri Industrial, a leading company in energy storage, have outlined a collaboration focused on developing a supply chain for lithium-iron-phosphate batteries

This agreement, announced by Eni, aims to support applications in energy storage as well as electric mobility for industrial and commercial purposes.

Central to the plan is a potential joint venture to establish a production facility for stationary energy storage at Eni’s Brindisi site. This facility would include a dedicated production line for essential materials and a battery recycling unit, complementing a similar site under construction by Seri’s subsidiary, Fib, in Caserta.

The integrated approach will span research, development, and procurement, aligning with Seri Industrial’s operations in Caserta. Polyester 

This project represents a strategic industrial step, especially for Southern Italy, supporting sustainable energy development. Stationary batteries are crucial for stabilizing the power grid by mitigating renewable energy’s intermittency and advancing its adoption.

Should the necessary conditions be met, this collaboration could lead to binding agreements that strengthen Seri Industrial’s position in the battery sector and enable Eni to contribute significantly to the energy transition through industrial transformation initiatives.  Polyester 

Eni and Seri Industrial, a leading company in energy storage, have outlined a collaboration focused on developing a supply chain for lithium-iron-phosphate batteries

Idemitsu and Suntory collaborate on recycling demonstration for bottle caps 

The CR oil derived from the recycled caps was said to be fit for use in petrochemical processes.

etroleum refinery company Idemitsu Kosan has collaborated with beverage company Suntory for the chemical recycling demonstration test of used polyethylene terephthalate (PET) bottle caps and labels.

The project has recently progressed to a demonstration test phase, where Chemical Recycle Japan, a subsidiary of Idemitsu Kosan, utilised the used caps from Suntory to produce chemical recycled (CR) oil. Polyester 

The CR oil, derived from recycled plastics, was confirmed by Idemitsu Kosan to be a viable raw material for the production of petrochemical products and fuel oil.

The company is now exploring the potential of generating ‘Renewable Chemicals’ and ‘Renewable Fuel Oil’ from CR oil obtained from bottle caps and labels using its existing petroleum refining and petrochemical infrastructure.

Suntory’s role in this partnership involves assessing the practicality of plastic containers made from these renewable chemicals and investigating optimal recycling methods for packaging.  Polyester 

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Idemitsu and Suntory collaborate on recycling demonstration for bottle caps

Polyester 

Pyrolysis – Polymer prices have come under pressure due to a combination of weak demand and lower raw material costs 26-10-2024