PET Bottles – Group Partners with HYDS to Boost Green Hydrogen Use in Europe 27-05-2024

PET Bottles

PET Bottles

  • 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 Bottles

PET Bottles

Polyestertime
ITEM 20/05/2024 27/05/2024 +/-
Bottle grade PET chips domestic market 7,050 yuan/ton 7,070 yuan/ton +20
Bottle grade PET chips export market 895 $/ton 900 $/ton +5
Filament grade Semidull chips domestic market 6,840 yuan/ton 6,870 yuan/ton +30
Filament grade Bright chips domestic market 6,860 yuan/ton 6,900 yuan/ton +40
Pure Terephthalic Acid PTA domestic market

PET Bottles

5,910 yuan/ton 5,960 yuan/ton
+50
Pure Terephthalic Acid PTA export market 725 $/ton 740 $/ton +15
Monoethyleneglycol MEG domestic market 4,520 yuan/ton 4,515 yuan/ton
-5
Monoethyleneglycol MEG export market 528 $/ton 530 $/ton +2
Paraxylene PX FOB  Taiwan market 1,026 $/ton 1,040 $/ton
+14
Paraxylene PX FOB  Korea market 1,004 $/ton 1,018 $/ton +14
Paraxylene PX FOB EU market 1,130 $/7on 1,125 $/ton -5
Polyester filament POY 150D/48F domestic market 7,425  yuan/ton 7,600 yuan/ton
+175
Recycled Polyester filament POY  domestic market 7,400 yuan/ton 7,350 yuan/ton -50
Polyester filament DTY 150D/48 F domestic market 8,950 yuan/ton 9,050 yuan/ton +100
Polyester filament FDY 68D24F 8,750 yuan/ton 8,800 yuan/ton +50
Polyester filament FDY 150D/96F domestic market

PET Bottles

8,050 yuan/ton 8,175 yuan/ton +125
Polyester staple fiber 1.4D 38mm domestic market 7,470 yuan/ton 7,450 yuan/ton -20
Caprolactam CPL domestic market 13,350 yuan/ton 13,550 yuan/ton
+200
Caprolactam CPL overseas  market 1,620 $/ton 1,620 $/ton
Nylon 6 chips overseas  market 1,890 $/ton 1,890 $/ton
Nylon 6 chips conventional spinning domestic  market 14,500 yuan/ton 14,700  yuan/ton +200
Nylon 6 chips  high speed spinning domestic  market 14,900 yuan/ton 15,300 yuan/ton +400
Nylon 6.6 chips domestic  market

PET Bottles

21,200 yuan/ton 20,800 yuan/ton -400
Nylon6 Filament POY 86D/24F domestic  market 17,000 yuan/ton 17,200 yuan/ton +200
Nylon6 Filament DTY 70D/24F domestic  market 19,300 yuan/ton 19,550 yuan/ton +250
Nylon6 Filament FDY  70D/24F  18,200 yuan/ton 18,300 yuan/ton +100
Spandex 20D  domestic  marke 32,500 yuan/ton 32,500 yuan/ton
Spandex 30D  domestic  market 31,000 yuan/ton 31,000 yuan/ton
Spandex 40D  domestic  market  28,000 yuan/ton 28,000 yuan/ton
Adipic Acid domestic market

PET Bottles

9,600 yuan/ton 9,650 yuan/ton +50
Benzene domestic market 8,970 yuan/ton 9,090 yuan/ton +120
Benzene overseas  market 1,042 $/ton 1,057 $/ton +15
Ethylene South East market 965 $/ton 955 $/ton -10
Ethylene NWE market CIF 771 $/ton 766 $/ton -5
Acrylonitrile ACN  domestic market 10,500 yuan/ton 10,400 yuan/ton -100
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market

PET Bottles

14,600 yuan/ton 14,600 yuan/ton
Viscose Staple Fiber VSF  domestic market 12,950 yuan/ton 12,950 yuan/ton
PP Powder domestic market 7,280 yuan/ton 7,330 yuan/ton +50
Naphtha overseas market  677 $/ton 666 $/ton -11
Phenol domestic market 7,820 yuan/ton 7,707 yuan/ton -113

r-PET high end eco-friendly chips =8,250 yuan/ton 8,250 yuan/ton   –

PET Bottles

Group Partners with HYDS to Boost Green Hydrogen Use in Europe

px Group has announced a strategic partnership with H2 Solutions (HYDS), a Norwegian firm specializing in green hydrogen production plants. This collaboration aims to accelerate the energy transition towards a low-carbon future.

Geoff Holmes, CEO of px Group, highlighted the need for an integrated engineering and operating provider in the Nordic region, emphasizing their commitment to this role alongside HYDS. The partnership will initially focus on the Nordic region, with plans for future expansion across Europe. PET Bottles

Thor-Henrik W. Hagen, CEO of HYDS, noted the successful year-long cooperation between the companies, which revealed shared values, particularly a joint focus on safety. He emphasized the importance of securing capacity for balancing plant operations and the potential to develop, build, and operate hydrogen plants both domestically and internationally. PET Bottles

Raymond Smebye, Business Development Director Scandinavia at px Group, praised the partnership’s shared commitment to safety, talent, and decarbonization.

px Group, already managing multiple strategic energy assets in the UK, Norway, and other parts of Europe, sees this partnership as a significant step in their expansion.

HYDS operates Stord H2 and Kaupanes H2 in Norway and is developing several new projects. The partnership will leverage both companies’ strengths to optimize plant designs and prepare for larger hydrogen production operations.

HYDS’s projects are in the feasibility stage, with the first final investment decisions expected by mid-2025. PET Bottles

This announcement follows px Group’s recent acquisition of a majority stake in Lifte H2, a German hydrogen engineering firm. px Group is supported by Ara Partners, while HYDS is backed by Dalane Energi AS, Sunnhordland Kraftlag AS, and private investors.

PET Bottles

Consortium Develops Innovative Recycling for Polyurethane Mattress Foams

The Foam Recycling Ecosystem Evolution (FREE) project has launched, coordinated by Covestro, to revolutionize the recycling of end-of-life polyurethane (PU) mattress foams. This initiative combines chemical and mechanical processes to maximize material efficiency in creating a new cycle for flexible PU foam. Efficient sorting at dismantling plants is crucial for this process.

French company Ecomaison, dedicated to furniture recycling, collaborates with Covestro to employ advanced chemical recycling technologies. This process recovers both polyol and the precursor to isocyanate TDI from used foams. PET Bottles

Partners aim to recycle sorted polyurethane foams effectively by blending mechanical and chemical methods, enhancing efficiency. Besides Ecomaison and Covestro, French dismantling firm Secondly and Belgian mechanical recycling specialist Federal Eco Foam join the project, which is slated for a 24-month duration. Covestro coordinates the project, with partial funding from Ecomaison.

The FREE consortium is driven by the added value of recovered materials and the move towards a sustainable circular economy. They believe chemical and mechanical recycling can complement each other, with Secondly focusing on refining sorting processes to supply high-quality foam to recyclers. PET Bottles

This project will provide insights into the future of foam recycling, showing how market dynamics may evolve. Covestro’s innovative chemical recycling process, unique in recovering high-purity raw materials, supports this vision. Operating a pilot plant in Leverkusen, Covestro is committed to advancing these technologies for industrial application.

Covestro’s initiative, Evocycle® CQ, aims to achieve a fully circular economy. The chemolysis of PU mattress foam under the Evocycle® CQ Mattress program represents a pioneering step in this direction. PET Bottles

Consortium Develops Innovative Recycling for Polyurethane Mattress Foams

PET Bottles