Petrochemicals Automotive Plasticwaste 17-05-2021

Petrochemicals Automotive Plasticwaste

Petrochemicals PETResin Polyesteryarn Trend

Petrochemicals Automotive Plasticwaste

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Coca-Cola and Gevo to Develop and Commercialize 100%lastic Bottles

Coca-Cola identified Gevo as a leader in the race to commercialize renewable PET Renewable P following an exhaustive search and evaluation of technologies from around the world.

Gevo, Inc., a leading renewable chemicals and advanced biofuels company, announced a groundbreaking agreement with The Coca-Cola Company (Coca-Cola) to create renewable para-xylene from plant based isobutanol, which will accelerate the development of Coca-Cola’s second-generation PlantBottle packaging made from 100% plant-based materials. Petrochemicals Automotive Plasticwaste

Gevo will work with Coca-Cola to enable and deliver an integrated system to produce renewable para-xylene, a key building block towards reaching Coca-Cola’s goal of creating all of their packaging from renewable materials. The work will take the technology from lab-scale to commercial scale and support Coca-Cola’s efforts to lead the beverage industry away from fossil-fuel based packaging by offering an alternative made completely from renewable resources.

“While the technology to make biobased materials in a lab has been available for many years, we believe Gevo possess technologies that have high potential to create it on a global commercial level within the next few years,” said Rick Frazier, Vice President Commercial Product Supply, The Coca-Cola Company. “This is a significant R&D investment in packaging innovation and is the next step toward our vision of creating all of our PET plastic packaging from responsibly sourced plant materials.”

Coca-Cola identified Gevo as a leader in the race to commercialize renewable PET following an exhaustive search and evaluation of technologies from around the world. The global market for PET is 54 million metric tons and has a value of $100 billion, with approximately 30% used for plastic bottles. In this next generation of PlantBottle packaging, Coca-Cola plans to produce bottles entirely from renewable raw materials.

“We are extremely gratified to have won the confidence of The Coca-Cola Company and are excited to support Coca-Cola’s sustainable packaging goals with this agreement to develop and commercialize technology to produce para-xylene from biobased isobutanol,” said Patrick Gruber, CEO of Gevo. “New technologies need champions. The Coca-Cola Company is in a unique position to drive and influence change in the global packaging supply chain with this development. You cannot ask for a better champion than one of the world’s most respected and admired consumer brands.”

Coca-Cola and Gevo to Develop and Commercialize 100% Renewable Plastic Bottles

-Plastipak plans PET recycling plant in Spain to meet need from green laws, taxes

Packaging maker Plastipak Holdings Inc. is expanding its recycling operations in Europe with a new food-grade PET recycling facility in Spain.

The Plymouth, Mich.-based firm said May 13 it’s building a recycling plant with capacity for 20,000 metric tons (44.1 million pounds) of recycled PET pellets at its existing container and preform manufacturing site in Toledo, Spain.

The plant, which will create 14 jobs, will start production in summer 2022. It will be the company’s fourth recycling facility in Europe and its fifth globally.

A company executive linked the investment to plans by the Spanish government to tax nonrecyclable plastic packaging and also to recycled content requirements in the European Union’s plastics directive. Petrochemicals Automotive Plasticwaste

“The project comes in advance of minimum levels of recycled content mandated by the single-use plastics directive, and will support brand owners to reduce their financial obligations under the planned Spanish plastics tax,” said Pedro Martins, the company’s executive managing director for Europe.

Plastipak plans PET recycling plant in Spain to meet need from green laws, taxes

-EU to emerge as a leader in pyrolysis as the rest of the world catches up on mechanical recycling

A combination of negative consumer sentiment, regulation, and a global focus on sustainability has combined to push the issue of plastics sustainability to the fore. Future projections of a circular economy emphasize that a combination of recycled and bio-based resources will serve as a feedstock for our plastic needs. A new analysis from Lux Research, a leading provider of tech-enabled research and innovation advisory services, highlights the state of these emerging technologies today and how these technologies must grow to fulfill a circular economy.

A combination of negative consumer sentiment, regulation, and a global focus on sustainability has combined to push the issue of plastics sustainability to the fore. Future projections of a circular economy emphasize that a combination of recycled and bio-based resources will serve as a feedstock for our plastic needs. A new analysis from Lux Research, a leading provider of tech-enabled research and innovation advisory services, highlights the state of these emerging technologies today and how these technologies must grow to fulfill a circular economy.

“Our likely case presents a mixed outlook for the future of plastics,” explains Anthony Schiavo, Research Director at Lux Research and lead author of the report. “Certainly, major strides are made in both plastic waste reduction and the substitution of fossil-based resources with more sustainable alternatives; both approaches will triple in volume in the next decade.  Petrochemicals Automotive Plasticwaste

Still, the plastics industry has a long way to go: Around 285 million tons of plastic waste will not be recycled in 2030, and there will still be major pain points like polypropylene lacking a sustainable solution.”

Petrochemicals Automotive Plasticwaste

Versalis : Chemical Recycling

-Japan startup to give new life to one-of-a-kind recycling plant

Facility for plastic bottles allows reuse of same materials over and over

A Japanese startup will soon bring online a refurbished plant that it claims is the world’s sole facility for chemical recycling of plastic bottles.

JEPLAN’s plant in Kawasaki uses chemical recycling, in which used plastic bottles are chemically reduced into monomers — or molecules that can be bonded other identical molecules to form a polymer. This contrasts with traditional recycling, where plastic bottles are washed and melted. Petrochemicals Automotive Plasticwaste

“The same material can be recycled over and over again,” says JEPLAN CEO Masaki Takao.

PET Refine Technology, a subsidiary of container manufacturer Toyo Seikan, had operated the Kawasaki complex since 2009 but it stopped running in 2017. JEPLAN acquired PET Refine Technology in 2018 and began preparations to restart the facility, which includes steel towers, warehouses and silos on roughly 50,000 sq. meters of land.

After starting trial operations this month, the plant is slated to go fully online this summer. It is expected to churn out 20,000 tons of plastic bottle materials a year. JEPLAN will team up with Asahi Soft Drinks and trading house Sojitz on mass production and hopes to eventually market the system abroad.

Plastic bottles are made from polyethylene terephthalate, commonly abbreviated PET. JEPLAN’s plant will break this down into monomers. Impurities such as leftover beverage and paint will be removed in a roughly 10-step process, which includes absorbing them with activated carbon and distillation.

Japan startup to give new life to one-of-a-kind recycling plant

-Sanctions relief for Iran would pressure rival heavy crude, condensate producers

HIGHLIGHTS

  • Iranian oil exports would rise significantly with a deal
  • Saudi Arabia, Iraq, Oman among Iranian crude competitors
  • Nuclear deal talks continue, but political obstacles remain

Four rounds of indirect talks between the US and Iran have so far failed to achieve a breakthrough in negotiations to revive the nuclear deal, but rival producers and traders have been eyeing how the competitive landscape may shift if sanctions are lifted on Iranian oil sales. Petrochemicals Automotive Plasticwaste

Most experts expect an agreement on the Joint Comprehensive Plan of Action to be reached within months, if not weeks, which could eventually bring some 2 million b/d of Iranian oil back to the market.

Much of Iran’s production is of heavier grades and condensate, and a relaxation of the sanctions will put pressure on the likes of neighboring Saudi Arabia, Iraq and Oman, and even Texas frackers.

Refineries worldwide, meanwhile, will likely cheer the extra availability of Iranian crude.

The refining hubs of Asia — China, India, South Korea, Japan and Singapore — have regularly processed Iranian grades, as the high sulfur content and heavy or medium density fit the diet of these complex plants.

European refineries, especially those in Turkey, France, Italy, Spain and Greece, are also likely to return to purchasing Iranian oil once the sanctions are removed, as the additional volumes figure to be price-advantaged to Brent-linked crudes from the Mediterranean.

Sanctions relief for Iran would pressure rival heavy crude, condensate producers

-Canadian government officially adds plastic products to its list of “toxic” substances

The designation is already drawing sharp criticism from industry associations.

The Canadian government has officially added “plastic manufactured items” to its list of “toxic” substances on Schedule 1 of the Canadian Environmental Protection Act (CEPA). Petrochemicals Automotive Plasticwaste

The move, announced on May 12, was first proposed by the federal government last October.

While drawing praise from some environmental groups, industry associations, including the Ottawa-based Chemistry Industry Association of Canada (CIAC), expressed disappointment with the announcement. “We remain concerned that today’s decision sends the wrong message to global chemistry investors, namely that Canada is ambivalent about the enormous investment prospects for the circular economy for plastics,” CIAC said in a May 12 statement. “[We’re] disappointed that safe inert plastic materials that play such important roles in Canadians lives are being labelled as toxic substances.”

CIAC also said it would keep working toward extended producer responsibility systems in all provinces and advocate for better recycling access and stronger technology around mechanical and chemical, or advanced, recycling. “By making plastics completely recyclable and transforming waste into new plastic items and other products, we can help Canada realize its goal of zero plastic waste,” said Elena Mantagaris, vice president of CIAC’s plastics division.

Petrochemicals Automotive Plasticwaste

-Material innovation company Cove announces water bottles made of biodegradable material

Cove & RWDC Industries sign exclusive agreement for over 350 million pounds of PHA – The partnership with RWDC will supply Cove with PHA materials used to produce the first water bottles made of biodegradable material.

Cove, the California-based material innovation company that plans to introduce the first water bottle made entirely of biodegradable material later this year, announced it has entered into an exclusive partnership deal with RWDC Industries. RWDC will supply its proprietary PHA – a sustainably sourced, naturally occurring biopolymer – to produce Cove’s water bottles.  Petrochemicals Automotive Plasticwaste

Cove’s mission is to end the world’s reliance on plastic. The company’s investors include Valor Equity, Marc Benioff, James Murdoch, Tony Robbins and Peter Rahal. RWDC Industries, based in Athens, Georgia and Singapore uses plant-based oils, including post-consumer or used cooking oils, to produce PHA, which it has branded Solon™. Founded by Daniel Carraway and Roland Wee, the biotech company combines deep expertise in PHA properties and applications with the engineering know-how to reach cost-effective industrial scale.

Petrochemicals Automotive Plasticwaste

-German AZuR commissioned feasibility study on end-of-life tire recycling

The innovation forum “Scrap Tire Recycling” (AZuR) sponsored by the Federal Ministry of Education and Research of Germany recently published a large-scale study for its partners. The study is focused on the market positions and requirements of end-of-life tire recyclers and manufacturers of products from recycled tire rubber.

Below, we are citing the original article published on the website of AZuR in May 2021. To read the original text in German, please proceed to AZuR’s website.

Upon the completion of the study AZuR reports that in close cooperation with the Technical University of Chemnitz, the feasibility study has created a solid basis for the further development of a sensible, ecological and economical tire cycle.

In the foreground, the study by Dr.-Ing. Stefan Hoyer, who works at the Institute for Lightweight Structures at Chemnitz University of Technology, analyzes the current state of the disposal of end-of-life tires and new feasible use cases for the recycled tire-derived materials. Petrochemicals Automotive Plasticwaste

A comprehensive compilation of relevant data and interrelationships now creates more transparency in the rather obscure market of end-of-life tire recycling products. With this study, the network partners of the “Scrap Tire Recycling” innovation forum (AZuR) will benefit in particular from a wide range of information and the latest research results on the market, technical and regulatory challenges and new recycling materials, and will also receive objective recommendations for action. With this knowledge, the doors for new business models should now be open.

Petrochemicals Automotive Plasticwaste

Microwave tire recycling process by EWI. | Photo by EWI.

-Global PET demand rises as virus threat recedes

Global demand for PET and other rigid plastics packaging formats will accelerate through the second half of 2021, according to a report by Smithers.

Consuming 58.83 million tonnes in 2020, there was only a marginal increase in demand in a year severely disrupted by the Covid-19 pandemic. Total value in this market will reach $193.2 billion in 2021, up from the $181.9bn seen in 2020 – a 6.2 per cent increase – as the virus threat recedes and normal economic and retail activity resumes. Petrochemicals Automotive Plasticwaste

Beyond 2021 a compound annual growth rate of 4.2 per cent will push the global market to $237.1bn in 2026 with Asia leading the rise in consumption. Total volume consumption worldwide will rise by 3.5 per cent across 2021-2026 to reach 73.1 million tonnes.

As this happens converters and material suppliers have to respond to regulatory, brand owner and consumer demands for more sustainable packaging. In the short term this is seeing a focus on securing and using higher percentages of rPET in consumer packs, with a particular emphasis on optimising grade purity to allow their use in food contact applications.

There are also moves to adapt better mechanical recycling of other common rigid plastics grades, such as PP, as well as developing new chemical recycling platforms and biopolymer materials. There is also renewed R&D spending for developing superior barrier coating technologies to improve shelf life and widen the applications open to rigid plastics. This will be an important potential differentiator, as plastics packaging faces competition from a new generation of fibre-based designs, developed and marketed on their green credentials

Global PET demand rises as virus threat recedes

Petrochemicals Automotive Plasticwaste

Additives Automotive Chemicals 15-05-2021

Petrochemicals PETResin Polyesteryarn Trend

Petrochemicals PETResin Polyesteryarn

Petrochemicals PETResin Polyesteryarn

Polyestertime
ITEM 10/05/2021 17/05/2021 +/-
Bottle grade PET chips domestic market 6,450 yuan/ton 6,350 yuan/ton -100
Bottle grade PET chips export market 960 $/ton 955 $/ton- -5
Filament grade Semidull chips domestic market 6,050 yuan/ton 5,950 yuan/ton -100
Filament grade Bright chips domestic market 6,175 yuan/ton 6,100 yuan/ton -75
Pure Terephthalic Acid PTA domestic market 4,830 yuan/ton 4,585 yuan/ton +55
Pure Terephthalic Acid PTA export market
Petrochemicals PETResin Polyesteryarn
690 $/ton 670 $/ton -20
Monoethyleneglycol MEG domestic market 4,960 yuan/ton 4,910 yuan/ton -50
Monoethyleneglycol MEG export market 645 $/ton 636 $/ton- -9
Paraxylene PX FOB  Taiwan market 879 $/ton 846 $/ton -33
Paraxylene PX FOB  Korea market 861 $/ton 828 $/ton -33
Paraxylene PX FOB EU market

Petrochemicals PETResin Polyesteryarn

886 $/ton 855 $/ton -31
Polyester filament POY 150D/48F domestic market 7,550 yuan/ton 7,530 yuan/ton
-20
Recycled Polyester filament POY  domestic market 6,650 yuan/ton 6,650 yuan/ton
Polyester filament DTY 150D/48 F domestic market 8,900 yuan/ton 8,800 yuan/ton -100
Polyester filament FDY 68D24F domestic market 8,400 yuan/ton 8.350 yuan/ton -50
Polyester filament FDY 150D/96F domestic market
Petrochemicals PETResin Polyesteryarn
7,600 yuan/ton 7,550 yuan/ton -50
Polyester staple fiber 1.4D 38mm domestic market 7,050 yuan/ton 6,750 yuan/ton -300
Caprolactam CPL domestic market 13,700 yuan/ton 14,350 yuan/ton
+650
Caprolactam CPL overseas  market 2,020 $/ton 2,020 $/ton
Nylon6 chips overseas  market 2,320 $/ton 2,320 $/ton
Nylon6 chips conventional spinning domestic  market 14,600 yuan/ton 14,750 yuan/ton +150
Nylon6 chips  high speed spinning domestic  market 15,000 yuan/ton 15,400 yuan/ton +400
Nylon 6.6 chips domestic  market 41,500 yuan/ton 41,000 yuan/ton -500
Nylon6 Filament POY 86D/24F domestic  market

Petrochemicals PETResin Polyesteryarn

17,000 yuan/ton 17,550 yuan/ton +550
Nylon6 Filament DTY 70D/24F domestic  market 19,850 yuan/ton 20,300 yuan/ton +450
Nylon6 Filament FDY  70D/24F  domestic  market 18,300 yuan/ton 18,750 yuan/ton +450
Spandex 20D  domestic  market 85,000 yuan/ton 85,500 yuan/ton +500
Spandex 30D  domestic  market 73,000 yuan/ton 74,000 yuan/ton +1,000
Spandex 40D  domestic  market 63,000 yuan/ton 64,000 yuan/ton +500
Adipic Acid domestic market 10,300 yuan/ton 10,100 yuan/ton -200
Benzene domestic market 7,850 yuan/ton 8,050 yuan/ton +200
Benzene overseas  market 1,060 $/ton 1,044 $/ton
-16
Ethylene South East market 1,050 $/ton 1,085 $/ton +35
Ethylene NWE  market

Petrochemicals PETResin Polyesteryarn

1,277 $/ton 1,292 $/ton +15
Acrylonitrile ACN  domestic market 13,800 yuan/ton 13,800 yuan/ton
Acrylonitrile ACN  overseas market 2,400 $/ton 2,400 $/ton
Acrylic staple fiber ASF  domestic market 17,500 yuan/ton 17,500 yuan/ton
Viscose Staple Fiber VSF  domestic market 14,000 yuan/ton 14,000 yuan/ton
PP Powder domestic Petrochemicals PETResin Polyesteryarn
8,580 yuan/ton 8,530 yuan/ton -50
Naphtha overseas market  601 $/ton 593 $/ton
-8
Phenol domestic market 9,380 yuan/ton 9,840 yuan/ton +460

Petrochemicals PETResin Polyesteryarn