PET Bottle – Mitsubishi Chemical Group (MCG) has initiated research on chemically recycling end-of-life tires (ELT) at its Kagawa Works facility, targeting the production of sustainable carbon black by March 2026 02-09-2024

PET Bottle

PET Bottle

Polyestertime
ITEM 26/08/2024 02/09/2024 +/-
Bottle grade PET chips domestic market 6,920 yuan/ton 6,500 yuan/ton -420
Bottle grade PET chips export market     870 $/ton 865  $/ton -5
LDPE CFR Est China 1,135 $/ton 1,155 $/ton +20
PET Semidull Fiber chips

PET Bright

6,650 yuan/ton

6,680 yuan/ton

6,560 yuan/ton

6,630 yuan/ton

-90

-50

Pure Terephthalic Acid PTA domestic market

PET Bottle

5,385 yuan/ton 5,105 yuan/ton
-280
Pure Terephthalic Acid PTA FOB China 690 $/ton 680 $/ton -10
Monoethyleneglycol MEG domestic market 4,660 yuan/ton 4,500 yuan/ton
-160
Monoethyleneglycol MEG export market 546 $/ton 548 $/ton +2
Paraxylene PX FOB  Taiwan market 944 $/ton 930 $/ton
-14
Paraxylene PX FOB  Korea market 922 $/ton 908 $/ton -14
Paraxylene PX FOB EU market 1,060 $/7on 1,000 $/ton -60
Polyester filament POY 150D/48F domestic market 7,345  yuan/ton 7,400 yuan/ton
+55
Recycled Polyester filament POY  domestic market 7,150 yuan/ton 7,150 yuan/ton
Polyester filament DTY 150D/48 F domestic market 8,915 yuan/ton 8,800 yuan/ton -115
Polyester filament FDY 68D24F 8,550 yuan/ton 8,600 yuan/ton +150
Polyester filament FDY 150D/96F domestic market

PET Bottle

7,750 yuan/ton 7,900 yuan/ton +150
Polyester staple fiber 1.4D 38mm domestic market 7,445 yuan/ton 7,500 yuan/ton +55
Caprolactam CPL domestic market 12,825 yuan/ton 12,670 yuan/ton
-155
Caprolactam CPL Northeast Asia

PET Bottle
1,540 $/ton 1,540 $/ton
Nylon 6 chips overseas  market 1,920 $/ton 1,920 $/ton
Nylon 6 chips conventional spinning domestic  market 13,750 yuan/ton 13,550 yuan/ton -200
Nylon 6 chips  high speed spinning domestic  market 14,380 yuan/ton 14,400 yuan/ton +20
Nylon 6.6 chips domestic  market

PET Bottle

18,500 yuan/ton 18,000 yuan/ton -500
Nylon6 Filament POY 86D/24F domestic  market 16,300 yuan/ton 16,400 yuan/ton +100
Nylon6 Filament DTY 70D/24F domestic  market 18,700 yuan/ton 18,750 yuan/ton +50
Nylon6 Filament FDY  70D/24F  17,500 yuan/ton 17,500 yuan/ton
Spandex 20D  domestic  marke 29,000 yuan/ton 28,800 yuan/ton -200
Spandex 30D  domestic  market 28,500 yuan/ton 28,300 yuan/ton -200
Spandex 40D  domestic  market  25,500 yuan/ton 25,300 yuan/ton -200
Adipic Acid domestic market

PET Bottle

8,950 yuan/ton 8,500 yuan/ton -450
Benzene domestic market East China 8,565 yuan/ton  8,625 yuan/ton +60
Benzene China CFR 1,035 $/ton 1,015 $/ton -20
Ethylene South East market 980 $/ton 980 $/ton
Ethylene NWE market CIF 964 $/ton  922 $/ton -42
Acrylonitrile ACN  domestic market 8,650 yuan/ton 8,650 yuan/ton
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF CFR China

PET Bottle

14,600 yuan/ton 14,600 yuan/ton
VSF viscose staple fiber 13,500 yuan/ton 13,600 yuan/ton +100
PP Powder domestic market 7,440 yuan/ton 7,425 yuan/ton -15
Naphtha overseas market  659 $/ton 607 $/ton -52
Phenol domestic market 8,620 yuan/ton 8,732 yuan/ton +112

r-PET Flakes  =                    6,650 yuan/ton  —          6,620  yuan/ton          -30

PET Bottle

Mitsubishi Chemical Group (MCG) has initiated research on chemically recycling end-of-life tires (ELT) at its Kagawa Works facility, targeting the production of sustainable carbon black by March 2026

This move aligns with the growing demand for sustainable materials in the tire industry, where recycled carbon black, a crucial rubber reinforcing agent, is increasingly sought after. MCG’s innovative approach involves feeding pulverized ELT into a coke oven, producing carbon black from tar—a world-first technique. The resulting sustainable carbon black matches the properties of conventional carbon black, enabling its reuse in new tires and promoting closed-loop recycling. PET Bottle

MCG began a demonstration experiment in July 2024, feeding ELT into the coke oven, with plans to commercialize the process by fiscal 2025. The company aims to achieve an annual production rate of several thousand tons of sustainable carbon black by 2025, scaling up to tens of thousands of tons by 2030.

This advancement is part of MCG’s broader goal to establish ELT chemical recycling technology, contributing to the development of a circular economy in the automotive and tire sectors. PET Bottle

PET Bottle

BASF to Close Additional Plants in Ludwigshafen Amid Ongoing Site Revamp

BASF has announced the permanent closure of its adipic acid, cyclododecanone (CDON), and cyclopentanone (CPON) production plants in Ludwigshafen, a move that will impact approximately 180 employees. This decision is part of the broader restructuring plan for the company’s petrochemical hub, which began two years ago. PET Bottle

The shutdown process will be phased, with the CDON and CPON facilities set to cease operations in the first half of 2025. The production of adipic acid, which had already been reduced as part of adjustments announced in February 2023, will also be halted during this period. This partial continuation of adipic acid production was initially maintained to ensure a stable supply of raw materials for CDON and CPON synthesis.

Cyclododecanone is primarily used in the production of lauryl lactam, a key precursor in the manufacture of Polyamide 12 (PA 12). It also plays a role in the synthesis of musk fragrances and UV stabilizers. Cyclopentanone, on the other hand, has applications in the synthesis of agrochemicals, active pharmaceutical ingredients, and as a solvent in semiconductor production. PET Bottle

Additionally, it is used as a precursor in the creation of fragrances. Adipic acid, meanwhile, is a crucial component in the production of polyamides, polyurethanes, coatings, and adhesives.

Stephan Kothrade, a member of BASF’s board of directors and the company’s chief technology officer, commented on the closures, stating, “BASF is taking this step to ensure profitability by aligning production capacities with the evolving market conditions. We will maintain close communication with our customers to mitigate the impact of these closures on their operations.” PET Bottle

The decision to shutter these facilities underscores BASF’s commitment to adapting its operations in response to shifting market dynamics and economic pressures. The restructuring of the Ludwigshafen site reflects a strategic focus on optimizing production efficiency and reducing costs in the face of changing global demands for chemical products.

As BASF moves forward with its renovation plan, the company aims to balance the need for operational efficiency with the responsibility to support its workforce and maintain customer relationships. PET Bottle

The company has indicated that it will explore various options to manage the transition for affected employees, including potential reassignments within the organization or offering assistance with finding new employment opportunities.

This closure is part of BASF’s broader strategy to streamline operations and concentrate on areas with higher growth potential and profitability. By reducing production capacity in areas where demand has softened, BASF seeks to enhance its overall competitiveness and financial performance.

The shutdown of these plants in Ludwigshafen marks a significant step in BASF’s ongoing efforts to realign its business operations with the realities of the current market. As the company navigates these changes, it remains focused on delivering value to its customers while ensuring long-term sustainability and profitability. PET Bottle

BASF to Close Additional Plants in Ludwigshafen Amid Ongoing Site Revamp