PET-Bottle-Blowing – Petrochemicals 01-08-2022

PET-Bottle-Blowing – Petrochemicals

Petrochemicals – Bottle-grade-PET 

PET-Bottle-Blowing - Petrochemicals

-Eurozone Q2 GDP stronger than expected on services rebound, July inflation hits new high

Second-quarter eurozone GDP grew by a stronger-than-expected 0.7%, helped by a post-COVID tourism rebound which boosted the services sector, economic analysts said on Friday.

“Sectors related to hospitality (restaurants, bars and hotels) have particularly been outperforming in the second quarter, adding to the small positive growth figure,” according to Bert Colijn, senior eurozone economist at global bank ING.

“The tourism rebound contributed to strong growth seen in Italy and Spain, with quarter-on-quarter growth of 1% and 1.1% respectively.”  PET-Bottle-Blowing – Petrochemicals

Growth was less positive in other eurozone countries, with Europe’s largest chemicals producer Germany remaining stagnant from the previous quarter, data from official statistics agency Eurostat showed on Friday.

ING warned of a downward trend as the services sector rebound eased off and high inflation continued to squeeze spending power.

“From here on, we expect GDP to continue a downward trend as the services reopening rebound moderates, global demand softens and purchasing power squeezes persist. We expect that to result in a mild recession starting in the second half of the year,” Colijn said.

July annual inflation in the eurozone hit a fresh record-high of 8.9%, according to Eurostat in a separate data release on Friday.

The rise from 8.6% in June was driven mainly by continuing high energy prices, followed by food, alcohol & tobacco, non-energy industrial goods and services.

Eurozone Q2 GDP stronger than expected on services rebound, July inflation hits new high

PCX Markets launches global platform for purchasing certified plastic credits

Singapore-based PCX Markets has launched an online platform for purchasing certified plastic credits from multiple providers. PET-Bottle-Blowing – Petrochemicals

The platform is a commercial plastic credit marketplace bringing together partners from around the world on a mission to stop the flow of plastic waste into nature.

PCX Markets will work closely with the established non-profit arm of the business, PCX Solutions, to give companies the opportunity to meet country-specific EPR compliance and achieve voluntary net zero plastic waste certification

Plastic credit projects are verified against globally accepted plastic credit standards such as PCX Solutions’ Plastic Pollution Reduction Standard (PPRS) and Verra’s Plastic Waste Reduction Standard (PWRS).

The PCX Markets platform also provides access to a plastic footprint calculator, which helps organizations understand their footprint and establish plastic reduction and offsetting targets.

The platform offers users projects to match their objectives to remove plastic from the environment and fund waste collection and infrastructure programs.

PCX Markets partners with community-based and institutional projects globally including:

HOPE’s Aling Tindera waste-to-cash program, based in the Philippines, focuses on female microentrepreneurs who champion plastic waste recovery systems in their communities. To date, the program has collected 187,420 kilograms of plastic waste and boosted Aling Tindera incomes by 89 percent on average.

Second Life, a Verra-certified ocean plastic recovery and recycling project has recovered and recycled 2,389,000 kilograms of ocean-bound plastic in Thailand since 2020.

Veolia Thailand’s LDPE recycling plant converts locally-sourced LDPE and LLDPE packaging waste into post-consumer recycled plastics, replacing fossil resources to produce films and bags.

ReCircle, a resource recovery enterprise in India, directs waste away from landfills and oceans through a traceable system to create resources that ultimately feed back into the circular economy.  PET-Bottle-Blowing – Petrochemicals

PCX Markets integrates blockchain-verified, tokenized plastic credit transactions with reporting on the efficacy of given projects. Companies then purchase credits to offset both their essential plastic use and their historic plastic footprints.

PCX has already diverted more than 32 million kg of plastic waste from nature, invested over US$2.7 million into the plastic circular economy, and driven 54,000 tonnes of carbon reduction from coal replacement.

PCX Markets launches global platform for purchasing certified plastic credits

-At K 2022: Improved Automatic Process Control for PET Bottle Blowing

New Process Pilot+ from Agr International offers faster response and flexible goals for keeping PET bottles on spec.

Multiple control loops in Process Pilot+ are said to correct process drift as much as 40% faster and enable startups to reach on-spec bottle production up to 65% faster. (Photo: Agr International) PET-Bottle-Blowing – Petrochemicals

At next month’s K 2022 show in Düsseldorf, Agr International is introducing an enhanced version of its Process Pilot system for automated process management of two-stage (reheat) stretch-blow machines for PET. Like the original version, the new Process Pilot + uses bottle wall-thickness measurements from Agr’s Pilot Profiler inline QC instrument to adjust the machine settings to compensate for changes in the operating environment (temperature, humidity), the preform quality or the material (such as the presence of rPET). The new version incorporates multiple control loops that regulate slow-response processes such as oven temperatures separately from very fast-acting processes like blow pressure and timing. The multiple control loops allow the system to correct process drift as much as 40% faster and also enable startups to reach on-spec bottle production up to 65% faster.

PET-Bottle-Blowing - Petrochemicals

-New In-Mold Labels Enhance Recycling of PP Containers

New PP IML labels from MCC Verstraete separate from PP containers during mechanical recycling to preserve the color and transparency of the container resin.

A new type of PP in-mold label from MCC Verstraete of The Netherlands (U.S. office in Batavia, Ohio) is designed for complete separation of the labels from injection molded PP containers during mechanical recycling. The result is to preserve the white color or transparency of the container material to enable recycling into food-grade rPP suitable for new containers. PET-Bottle-Blowing – Petrochemicals

Today, the monomaterial structure of a PP container with a PP label allows for mechanical recycling of the two without separation for production of new nonfood rPP products such as pails. However, the inks in the label will influence the final color of the rPP, a factor which is often disguised by mixing PP containers of different base colors together for mechanical recycling.

With the release of NextCycle IML labels, MCC Verstraete claims to have found a balance between strong enough adhesion of the label to the container to satisfy the supply chain, and weak enough adhesion to release the label from the container automatically during grinding, regardless of the package shape or PP grade used in the container. After grinding and washing, the lighter, thinner flakes of the ground labels are said to be separated from the heavier, thicker flakes of the ground containers via standard air elutriation systems used by many recyclers (in some cases, right after the grinding stage). According to MCC Verstraete, a single air-elutriation stage is sufficient for separating label and container flakes.

PET-Bottle-Blowing - Petrochemicals

-PEI-Based Resin with Surface Mount Technology (SMT) Capability

SABIC’s Ultem 3473 helps reduce weight of RF filters in 5G Macro cells by up to 40%.

A new polyetherimide-based resin from SABIC is said to be the company’s first PEI with surface mount technology (SMT) capability. Ultem 3473 resin is said to address the growing trend toward smaller, lighter 5G macro cells by providing a possible replacement for metal. For example, Ultem 3473 resin can help reduce the weight of an aluminum radio frequency (RF) cavity filter by up to 40%. In a typical macro cell with 64 filters, this weight saving can be significant. Also, this resin reportedly can help facilitate the design of new, integrated antenna filter units (AFUs), which is not achievable with metal. Using injection molding, the dipole antenna matrix and RF cavity filter body can be produced as one piece. This approach simplifies production and may lead to additional weight savings and system cost reductions. PET-Bottle-Blowing – Petrochemicals

Ultem 3473 PEI boasts performance, processing and assembly advantages over die-cast metal and thermoplastics such as filled PPS. It is said to enable components to withstand very high temperatures, up to 500 F, during the assembly process. With a coefficient of thermal expansion (CTE) similar to that of metal, it has been shown to   provide dimensional stability under a wide range of operational temperatures, from -40 F to 302 F, over the long term. Dimensional stability of the material, in turn, helps ensure consistent signal filtering of the RF cavity filter by minimizing dimensional variations over these temperature ranges. In contrast, the CTE of filled PPS products increases significantly at temperatures above 185 F to 194 F, according to SABIC internal testing.

PEI-Based Resin with Surface Mount Technology (SMT) Capability

-Ineos and Sinopec sign three significant petrochemical deals with an aggregate value of USD7bn

Ineos and Sinopec have today signed three back-to-back deals worth a combined value of USD7bn, said the company.

These landmark agreements are expected to generate a combined turnover of around USD10bn from 7 million tonnes of capacity. The three agreements will significantly reshape Ineos’ petrochemicals production and technology in China.

Firstly, Ineos has agreed to acquire a 50% stake in Shanghai SECCO Petrochemical Company Limited, a subsidiary of China Petroleum & Chemical Corporation (Sinopec). SECCO currently has a production capacity of 4.2 million tonnes of petrochemicals – including ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butadiene, benzene and toluene. It is a 200-hectare facility, located inside the Shanghai Chemical Industry Park. PET-Bottle-Blowing – Petrochemicals

Secondly, INEOS has agreed to establish a new 50:50 joint venture with Sinopec with the intent to build production capacity of up to 1.2 million tonnes of ABS, to meet rapidly growing demand in China. The 600ktpa ABS plant in Ningbo, which is currently under construction by Ineos Styrolution and is planned to be operational by the end of 2023, will become part of the joint venture. INEOS and Sinopec also plan to work together on two additional 300ktpa ABS plants, which will also be built by the joint venture based on Ineos’ world-leading Terluran® ABS technology. One of these 300kt plants will be located in Tianjin, the location of the third unit is yet to be decided.

Ineos and Sinopec sign three significant petrochemical deals with an aggregate value of USD7bn

-Energy and raw materials impact on Versalis margins
Operating profit lower than last year due to higher costs of oil feedstocks and industrial utilities indexed to gas prices.
Versalis, the chemical arm of the ENI group, achieved an adjusted operating profit of 125 million euros in the second quarter of this year, up compared to the loss of 115 million in the first quarter of 2022, but down by -38% in comparison with 202 million euros for the same period last year. PET-Bottle-Blowing – Petrochemicals
As in the first months of the year, also in the second quarter the result was largely determined by the increases in the costs of oil raw materials and industrial utilities indexed to gas prices, partially offset – reads the quarterly report released today by ENI group – from optimization initiatives aimed at replacing natural gas consumption with cheaper fuels and stable polymer margins.
Considering the first six months, the adj operating profit of chemicals amounts to 10 million euros, against 241 million in the first half of 2021, which had benefited from exceptional market conditions.
Sales of petrochemicals in the second quarter amounted to 1.07 million tons, 6% less than in the same period last year, due to the lower availability of chemicals and raw materials and the unfavorable scenario in particular in the polyethylene segment. In the first half of this year, sales amounted to 2.2 million tons, down 5% compared to the first six months of 2021. PET-Bottle-Blowing – Petrochemicals

PET-Bottle-Blowing - Petrochemicals

PET-Bottle-Blowing – Petrochemicals

Green-hydrogen -Bottle-to-bottle 30-07-2022

MEG – PET -Petrochemicals 08-08-2022

MEG – PET -Petrochemicals

MEG - PET -Petrochemicals

Polyestertime
ITEM 01/08/2022 08/08/2022 +/-
Bottle grade PET chips domestic market 8,700 yuan/ton 8,600 yuan/ton -100
Bottle grade PET chips export market 1,160 $/ton 1,145 $/ton -15
Filament grade Semidull chips domestic market 7,225 yuan/ton 7,100 yuan/ton -125
Filament grade Bright chips domestic market 7,175 yuan/ton 7,050 yuan/ton -125
Pure Terephthalic Acid PTA domestic market

MEG – PET -Petrochemicals

6,080  yuan/ton 5,935 yuan/ton -145
Pure Terephthalic Acid PTA export market 940 $/ton 870 $/ton -70
Monoethyleneglycol MEG domestic market 4,340 yuan/ton 4,100 yuan/ton -240
Monoethyleneglycol MEG export market 540 $/ton 513 $/ton -27
Paraxylene PX FOB  Taiwan market 1,121 $/ton 1,053 $/ton
-68
Paraxylene PX FOB  Korea market 1,101 $/ton 1,033 $/ton -68
Paraxylene PX FOB EU market 1,333 $/ton 1,166 $/ton -167
Polyester filament POY 150D/48F domestic market 8,000 yuan/ton 7,850 yuan/ton
-150
Recycled Polyester filament POY  domestic market 7,500 yuan/ton 7,400 yuan/ton -100
Polyester filament DTY 150D/48 F domestic market 9,300 yuan/ton 9,200 yuan/ton -100
Polyester filament FDY 68D24F 9,050 yuan/ton 8,950 yuan/ton -100
Polyester filament FDY 150D/96F domestic market 8,550 yuan/ton 8,400 yuan/ton -150
Polyester staple fiber 1.4D 38mm domestic market 7,930 yuan/ton 7,620 yuan/ton -310
Caprolactam CPL domestic market 12,750 yuan/ton 12,300 yuan/ton
-450
Caprolactam CPL overseas  market 2,000 $/ton 1,980 $/ton -20
Nylon6 chips overseas  market 2,250 $/ton 2,250 $/ton
Nylon6 chips conventional spinning domestic  market 13,950 yuan/ton 13,500 yuan/ton -450
Nylon6 chips  high speed spinning domestic  market 14,800 yuan/ton 13,900 yuan/ton -900
Nylon 6.6 chips domestic  market

MEG – PET -Petrochemicals

20,000 yuan/ton 20,200 yuan/ton -+200
Nylon6 Filament POY 86D/24F domestic  market 16,900 yuan/ton 16,000 yuan/ton -900
Nylon6 Filament DTY 70D/24F domestic  market 19,350 yuan/ton 18,600 yuan/ton- -750
Nylon6 Filament FDY  70D/24F  17,850 yuan/ton 17,200 yuan/ton -650
Spandex 20D  domestic  market 44,500 yuan/ton 42,000 yuan/ton -2,500
Spandex 30D  domestic  market 37,000 yuan/ton 36,500 yuan/ton -500
Spandex 40D  domestic  market 34,500 yuan/ton 32,500 yuan/ton -2,000
Adipic Acid domestic market 9,550 yuan/ton 9,100 yuan/ton -450
Benzene domestic market 8,750 yuan/ton 8,150 yuan/ton -600
Benzene overseas  market 1,068 $/ton 993 $/ton -75
Ethylene South East market 1,000 $/ton 980 $/ton -20
Ethylene NWE  market 1,062 $/ton 1,062 $/ton
Acrylonitrile ACN  domestic market 9,100 yuan/ton 8,800 yuan/ton -300
Acrylonitrile ACN  overseas market

MEG – PET -Petrochemicals

1,550 $/ton 1,550 $/tn
Acrylic staple fiber ASF  domestic market 19,000 yuan/ton 19,000 yuan/ton
Viscose Staple Fiber VSF  domestic market 14,500 yuan/ton 14,400 yuan/ton -100
PP Powder domestic market
7,980 yuan/ton 7,760 yuan/ton -220
Naphtha overseas market  762 $/ton 706 $/ton
-56
Phenol domestic market 9,300 yuan/ton 9,100 yuan/ton -200

MEG – PET -Petrochemicals

PET-Like-Bioplastic – Petrochemicals 08-08-2022

PET-Like-Bioplastic – Petrochemicals

MEG – PET -Petrochemicals

PET-Like-Bioplastic - Petrochemicals

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-German Industrial Production Eked Out Surprise Gain in June

German industrial production eked out a surprise gain in June, as Europe’s manufacturing heart steadied after the initial shock of Russia’s war in Ukraine.

Output rose 0.4% in seasonally- and calendar-adjusted terms from May, with all three major categories of manufacturers posting gains. Even energy-intensive industry posted a 0.4% gain, after falling 5.4% since Russia’s invasion in February.

Energy output itself was flat on the month, while construction fell 0.8%, accelerating a decline that has accompanied a sharp drop in German business confidence in the second quarter. PET-Like-Bioplastic – Petrochemicals

The figures improve the odds that the German economy escaped contraction in the second quarter, having reported a preliminary estimate of zero GDP growth last week. However, they don’t fundamentally change the outlook for the next few months, which are set to be dominated by an acute shortage of natural gas and sky-high electricity prices. The German government intends to impose a surcharge on commercial gas bills from October, having so far stopped importers from passing on the increased price of supplies sourced from outside Russia.

Gas imports from Russia are currently running at only 20% of their normal levels as the Russian gas monopoly refuses to ship more through the Nord Stream 1 pipeline in a thinly-veiled political response to western sanctions on the country. Gazprom (MCX:GAZP) this week refused to take delivery of a key Siemens turbine after maintenance, which is needed at one of Nord Stream’s compressor stations. Gazprom said it wanted assurances that the turbine wouldn’t be affected by sanctions in future.

Appeals by German Chancellor Olaf Scholz, who held a press conference in front of the turbine to show off its readiness this week, have fallen on deaf ears.

PET-Like-Bioplastic - Petrochemicals

-Moretto technology for PET treatment on show at Drinktec

In September the appointment is at Drinktec – the leading trade fair for the beverage industry where technologies and equipment for the entire production process will be exhibited, from raw materials to production, filling and packaging up to distribution.

Moretto will be present in the PETpoint area, an exclusive pavillon dedicated to PET bottles with the best solutions dedicated to the process of this material. Hall C5 – Stand 234.

Thanks to its properties – strenght, lightness, aromas barrier, easy processability – PET has seen a constant and gradual increase in its use especially in the beverage sector: 70% of PET is used for sparkling drinks, fruit juices, drinks and bottled waters packaging.

To the remarkable mechanical features have to be added the environmental advantages; PET generates a lower quantity of CO2 than glass or aluminum packaging.

It is one of the most recycled polymers that does not lose its mechanical and physical properties during the recovery process, a fundamental aspect to obtaining high quality plastic resins to be reintroduced several times in the production process.

According to this, it becomes essential to use equipment that ensures a perfect material treatment. PET-Like-Bioplastic – Petrochemicals

A crucial process in recycling is certainly the crystallization. MPK Moretto Krystallizer, exhibited at Drinktec, is a system designed to crystallize post-consumer materials – regrind and washed ready to be transformed. Perfectly treated they can be used with virgin plastic polymers for new production processes. MPK stands out for some important features in machinery that process post-consumer material such as the drop down cone with assisted device that allows the operator to quickly proceed with cleaning and maintenance activities thanks to the easy opening which takes only two minutes. An exceptional usability factor in a machine that process critical materials such as regrind and/or flakes. The internal mixer shaft with removable blades can be easily adapted to the different treated material. The blades have a wing profile that moves the material in a homogeneous way avoiding the formation of lumps during the crystallization phase. The hopper – with the patented stainless steel shockproof coating SPYRO – insulate the mixer body and contains the heat dispersion, increasing its energy efficiency. The control of the system processes is managed by a touch view control with a simple and intuitive interface.

MPK is a latest generation product designed for the intelligent factory, in fact it can be connected to other automations via web and remotely controlled through the supervision and management software MOWIS which achieves total connectivity via MODBUS, ETHERNET, OPC UA. PET-Like-Bioplastic – Petrochemicals

MPK is equipped with the Vortex filtration device which intercepts the dust of the process circuit increasing its autonomy. The Purex condensate separator filters the material flow back intercepting the volatile oily and/or resinous substances contained in the vapors, impurities typically present in post-consumer materials. Purex contains emissions into the atmosphere by condensing the vapors to 99%, thus separating the vapors. Purex protects the environment and people.

Moretto technology for PET treatment on show at Drinktec

-Brüggemann Acquires Italy’s Auserpolimeri

Company continues to expand its polymer additives business with latest acquisition of functionalized polymers producer.

Brüggemann (U.S. office in Newton Square, Penn.) has further expanded its polymer additives business with the acquisition of Italy’s Auserpolimeri, a leading developer and manufacturer of chemically functionalised polyolefin-based polymers. These materials play a key role as impact modifiers, compatibilizers, coupling agents and adhesion promoters in improving the performance levels of engineering plastics for a wide range of applications. They ideally complement and complete Brüggemann’s existing range of high-performance additives, according to head of polymer additives Klaus Bergmann.

Auserpolimeri Srl specializes in the grafting of polymers by reactive extrusion. Polymers functionalised with this technology form the company’s product portfolio.

The company of the Eigenmann & Veronelli Group is known in the market for engineering polymers in particular for its high-quality technical advice and continuous product development. PET-Like-Bioplastic – Petrochemicals

According to a Brüggemann spokesperson, the application areas of grafted polymers are very diverse. “In the North American market, we also see a growing demand for engineering plastics with increasingly special properties. We look forward to now being able to offer even more solution possibilities worldwide.”

PET-Like-Bioplastic - Petrochemicals

-Winner crowned for RECO Sustainable Young Designer Competition hosted by Indorama Ventures

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, named the winners of ‘RECO Young Designer Competition’, Thailand’s largest upcycling fashion design event, parading haute couture garments containing at least 60% recycled materials. PET-Like-Bioplastic – Petrochemicals

Eleven finalists showcased 33 handmade sustainable outfits at the 9th edition of the fashion show at IVL’s headquarters in Bangkok, using recycled PET and polyester items to craft creative fashions. Under the concept of ‘REVIVE: Start from the Street,’ RECO supports young Thai designers while raising awareness of recycling. The designs use a range of recycled materials including recycled PET yarns, discarded fabric from factories, and even repurposed safety belts.

RECO awarded finalists and winners with 500,000 baht in prizes to support their careers. First prize of 125,000 baht was awarded to 23-year-old emerging furniture designer Mr Prem Buachum for his ‘The Origin of Rebirth’ collection, using fabric recycled from post-consumer PET bottles. The first runner-up, Mr Sathitkhun Boonmee, was awarded 75,000 baht for his ‘Remembering Your Favorite Teddy Bear’ collection, using old dolls made of polyester fibers. Second runners-up, Mr Worameth Monthanom and Mr Tanakorn Sritong, received 50,000 baht for their ‘Regeneration of Nature (into Spring)’ collection, using unused fabrics and discarded PET film. Mr Napat Tansuwan, a finalist with his’ Don’t Judge’ collection, will go on to create designer merchandise for sponsor Buriram United Football Club using local weaving techniques from communities in Buriram province.

Mrs Aradhana Lohia Sharma, Vice President at Indorama Ventures and RECO Young Designer Competition Chairperson, said, “Since 2011, RECO’s ambition has been to uplift recycling and inspire people to realize the value of recyclable materials to produce great new products for daily life. PET-Like-Bioplastic – Petrochemicals

We have witnessed many thoughtful initiatives on upcycling through the collections created by our talented young Thai designers. The designs this year showcase stunning wearability and innovation while using a large percentage of recycle materials. Public interest in recycling has been growing immensely, and we are grateful to strengthen the relationship with partners like Buriram United Football Club.”

PET-Like-Bioplastic - Petrochemicals

-Crosslinking Process Promises Thinner, Higher-Performance PE Films

Technology combines UV curing system with photo initiator promoter masterbatch.

Kafrit, a well-known Israeli masterbatch and additives manufacturer, has collaborated with start-up Israeli additives company N3Cure to create what they call a breakthrough in crosslinking technology for PE films. The system combines a proprietary masterbatch called Crossitol with UV curing radiation to enable processors to produce PE films that will crosslink to improve sustainability and cut costs.

Under the arrangement between the two companies, N3Cure, specialists in polymers, UV curing and sustainability, provides the raw material for the crosslinking additive to Kafrit, which compounds it into a masterbatch. The UV technology is furnished by an undisclosed curing system provider. PET-Like-Bioplastic – Petrochemicals

Crosslinking is the process of forming covalent bonds to join two polymer chains. With the Crossitol masterbatch, the process is triggered by UV radiation, applied by a UV curing system and integrated on an existing blown film line, resulting in a polymer web-like structure that is stronger than a regular, non-crosslinked polymer chain structure.

“UV crosslinking was designed to be a more cost-effective alternative to electronic-beam technology as it has a higher speed process, and lower maintenance and equipment costs. Unlike electronic-beam technology, selective crosslinking can be applied, and the finished product is easier to recycle,” said Kafrit’s Nadav Goldstein, v.p. of new business development.

PET-Like-Bioplastic - Petrochemicals

-PET-Like Bioplastic from Biomass

Switzerland’s EPFL School of Basic Sciences have developed a biomass derived plastic that is similar to PET.

We have been reporting on bioplastics derived from a variety of natural sources as contenders particularly for the five major commodity thermoplastics—PE, PP, PS, PVC, and PET. One of the latest is a new biomass-derived plastic similar to PET, that meets the criteria for replacing several current plastics while also being more environmentally friendly has been developed by scientists from public Swiss research university The École Polytechnique Fédérale de Lausanne, which specializes in natural sciences and engineering. PET-Like-Bioplastic – Petrochemicals

According to the researchers, led by professor Jeremy Luterbacher at EPFL’s School of Basic Sciences, producing competitive biomass-based plastics is not straightforward. He notes that there is a reason that conventional plastics are so widespread, as they combine low-cost, heat stability, mechanical strength, processability, and compatibility – features that any alternative plastic replacements must match or surpass. And so far, the task has been challenging.

Says Luterbacher, “We essentially just ‘cook’ wood or other non-edible plant material, such as agricultural wastes, in inexpensive chemicals to produce the plastic precursor in one step. By keeping the sugar structure intact within the molecular structure of the plastic, the chemistry is much simpler than current alternatives.”

PET-Like Bioplastic from Biomass

-SK Geo Centric discusses its plans for a circular economy in Asia

“Recycling Today” recently spoke with SK Geo Centric’s CEO Na Kyung-Soo to discuss the company’s “Waste & Carbon Zero” strategy, its related investments and the plastic industry.

SK Geo Centric, a subsidiary of SK Innovation, has been developing petrochemicals in South Korea for 60 years. The company says its goal is to transform into the world’s leading plastic recycler by leveraging what it calls “vast opportunities” for the development of “urban oil fields.”  PET-Like-Bioplastic – Petrochemicals

To achieve this, the company has launched its Waste & Carbon Zero strategy. Through 2021 and into 2022, SK Geo Centric has invested $260 million to further mechanical and advanced recycling of plastics and the necessary infrastructure. In the North American markets, SK Geo Centric has invested $56.5 million in Quebec-based Loop Industries, $55 million in PureCycle Technologies of Orlando, Florida, and $10 million with Closed Loop Partners, New York City, to advance circular business models, scalable recycling technologies and material recovery infrastructure in the U.S.

Recycling Today recently spoke with SK Geo Centric CEO Na Kyung-Soo to discuss the company’s Waste & Carbon Zero strategy,  its investments and the plastic industry. The following interview has been edited for clarity.

SK Geo Centric discusses its plans for a circular economy in Asia

PET-Like-Bioplastic – Petrochemicals

Green-Hydrogen – Recycled-PP 06-08-2022