R-PET Bottles – On Its Journey To Make Clothing That Leaves No Trace, The North Face Taps the BOTTLE Consortium To Scale Biodegradable Polyester Alternative 04-03-2024

R-PET Bottles

R-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 

Polyestertime
ITEM 26/02/2024 05/03/2024 +/-
Bottle grade PET chips domestic market 7,100 yuan/ton 7,100 yuan/ton
Bottle grade PET chips export market 905 $/ton 905 $/ton
Filament grade Semidull chips domestic market 6,950 yuan/ton 6,920 yuan/ton -30
Filament grade Bright chips domestic market 6,960 yuan/ton 6,930 yuan/ton -30
Pure Terephthalic Acid PTA domestic market 5,870 yuan/ton 5,920 yuan/ton +50
Pure Terephthalic Acid PTA export market 725 $/ton 735 $/ton +10
Monoethyleneglycol MEG domestic market 4,635 yuan/ton 4,550 yuan/ton
-85
Monoethyleneglycol MEG export market 545 $/ton 535 $/ton -10
Paraxylene PX FOB  Taiwan market 1,037 $/ton 1,026 $/ton
-11
Paraxylene PX FOB  Korea market 1,015 $/ton 1,004 $/ton -11
Paraxylene PX FOB EU market 1,150 $/7on 1,130 $/ton -20
Polyester filament POY 150D/48F domestic market 7,850  yuan/ton 7,875 yuan/ton
+25
Recycled Polyester filament POY  domestic market 7,700 yuan/ton 7,700 yuan/ton
Polyester filament DTY 150D/48 F domestic market 9,050 yuan/ton 9,100 yuan/ton +50
Polyester filament FDY 68D24F 9,200 yuan/ton 9,200 yuan/ton
Polyester filament FDY 150D/96F domestic market

R-PET Bottles

8,480 yuan/ton 8,480 yuan/ton
Polyester staple fiber 1.4D 38mm domestic market 7,370 yuan/ton 7,400 yuan/ton +30
Caprolactam CPL domestic market 13,850 yuan/ton 13,400 yuan/ton
-450
Caprolactam CPL overseas  market 1,700 $/ton 1,700 $/ton
Nylon 6 chips overseas  market 1,920 $/ton 1,975 $/ton +55
Nylon 6 chips conventional spinning domestic  market 14,950 yuan/ton 14,500  yuan/ton -450
Nylon 6 chips  high speed spinning domestic  market 15,300 yuan/ton 15,100 yuan/ton -200
Nylon 6.6 chips domestic  market

R-PET Bottles

21,500 yuan/ton 22,000 yuan/ton +500
Nylon6 Filament POY 86D/24F domestic  market 17,400 yuan/ton 17,300 yuan/ton -100
Nylon6 Filament DTY 70D/24F domestic  market 19,650 yuan/ton 19,500 yuan/ton- -150
Nylon6 Filament FDY  70D/24F  18,500 yuan/ton 18,500 yuan/ton
Spandex 20D  domestic  marke 34,400 yuan/ton 34,400 yuan/ton
Spandex 30D  domestic  market 32,900 yuan/ton 32,900 yuan/ton
Spandex 40D  domestic  market  29,900 yuan/ton 29,900 yuan/ton
Adipic Acid domestic market

R-PET Bottles

10,150 yuan/ton 10,000 yuan/ton -150
Benzene domestic market 8,480 yuan/ton 8,400 yuan/ton -80
Benzene overseas  market 1,056 $/ton 996 $/ton -60
Ethylene South East market 970 $/ton 1,010 $/ton +40
Ethylene NWE market CIF 898 $/ton 952 $/ton +54
Acrylonitrile ACN  domestic market 9,200 yuan/ton 9,600 yuan/ton +400
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market

R-PET Bottles

14,600 yuan/ton 14,600 yuan/ton
Viscose Staple Fiber VSF  domestic market 13,400 yuan/ton 13,400 yuan/ton
PP Powder domestic market 7,100 yuan/ton 7,100 yuan/ton
Naphtha overseas market  686 $/ton 688 $/ton +2
Phenol domestic market 7,887 yuan/ton 7,660 yuan/ton -227

r-PET high end eco-friendly chips =7,900 yuan/ton 8,350 yuan/ton   +450

R-PET Bottles

Europe, UK, Australia export record plastic waste to Asia

Europe, the UK, and Australia witnessed unprecedented levels of plastic waste exports to Asia in 2023, following the European Union’s decision to prohibit such exports to non-OECD nations. Data compiled by Plastic Waste Trade Watch reveals a 45% surge in Europe’s plastic waste exports to Asia from the previous year. The total European Union exports to non-OECD countries escalated to 750 million kg in 2023, marking a substantial increase from 517 million kg in 2022, representing the highest level since China enforced the National Sword policy in 2018. R-PET Bottles

The European Parliament’s recent vote in favor of banning plastic waste exports to non-OECD countries, anticipated to be enacted by 2027, underscores the urgency of addressing this issue. Despite an overall increase in exports to all destinations, Turkey remained the primary recipient of Europe’s plastic waste, although there was a slight decrease in exports. Among non-OECD countries, Malaysia and Vietnam saw significant rises in plastic waste imports from Europe.

Similarly, the United Kingdom experienced a notable increase in plastic waste exports to non-OECD countries, reaching 77 million kg in 2023, up from 47 million kg in 2022. Australia also saw a 13% surge in its plastic waste exports to non-OECD nations.

Meanwhile, Japan continued its trend of exporting significant quantities of plastic waste to other parts of Asia, particularly notable in November 2023. Conversely, the United States saw a slight decrease in plastic waste exports to non-OECD countries in 2023, indicating a potential shift in global waste management practices.  R-PET Bottles

Europe, UK, Australia export record plastic waste to Asia

On Its Journey To Make Clothing That Leaves No Trace, The North Face Taps the BOTTLE Consortium To Scale Biodegradable Polyester Alternative

BOTTLE Researchers To Determine Whether Novel PHA Fibers Are Fit for Outdoor Apparel That Is Easy To Recycle and Limits Long-Term Microplastic Pollution


When worn, washed, and dried, clothing sheds—dispersing tiny fibers throughout homes, soils, and waterways that can take centuries to degrade.

These fibers, often made of polyester and often too small to see, are a major—if invisible—source of microplastic pollution. By some estimates, fibers from polyester clothing account for nearly half of all microplastics in the natural environment, exacerbating a growing environmental and public health hazard.  R-PET Bottles

Preventing clothes from shedding may be impractical, if not impossible. But according to National Renewable Energy Laboratory (NREL) polymer scientist Katrina Knauer, a better solution is emerging that could address the challenge at its source: replace today’s petroleum-derived polyester with a nontoxic, biodegradable alternative made from PHAs, short for “polyhydroxyalkanoates.”

“PHAs have been found to be very compatible with tissues in the human body as therapeutics,” said Knauer, who is the chief technology officer of the U.S. Department of Energy’s Bio-Optimized Technologies to keep Thermoplastics out of Landfills and the Environment (BOTTLE) consortium. “PHAs can also break down naturally without a highly controlled, composting environment.”

Already, BOTTLE scientists—including a team from NREL and Colorado State University—have developed a portfolio of PHAs with different properties, including some that behave like conventional polyester but are biobased, biodegradable, and easier to recycle.  R-PET Bottles

Now, in conjunction with The North Face, that team is bringing those sustainable materials into the outdoor apparel industry. Over the next 12 months, BOTTLE will scale the process to produce several pounds of PHA fiber, which The North Face will test and evaluate for use in its product lines.

BOTTLE Tailors PHAs for Textiles

Just a few years ago, research was inconclusive on whether making textiles from PHA was possible. Early production methods worked by extracting PHA from a bacterial synthesis, many of which naturally produce the polymer as they digest plant-derived products like glucose and fatty acids. However noteworthy at the time, that method made it difficult for scientists to control the resulting backbone and properties of the PHA.  R-PET Bottles

More…

On Its Journey To Make Clothing That Leaves No Trace, The North Face Taps the BOTTLE Consortium To Scale Biodegradable Polyester Alternative

R-PET Bottles

PET waste circularity – The surge in US graphite prices stems from increased demand in the battery industry, both domestically and internationally 04-03-2024

PET waste circularity

R-PET Bottles – On Its Journey To Make Clothing That Leaves No Trace, The North Face Taps the BOTTLE Consortium To Scale Biodegradable Polyester Alternative

More…

PET waste circularity

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Carbios and Landbell Group partner to boost PET waste circularity at pioneering biorecycling facility

Carbios, a frontrunner in advancing biological technologies for plastic and textile lifecycle reinvention, and Landbell Group, a global leader managing over 40 producer responsibility organizations (PROs) and offering closed-loop recycling solutions, have inked a non-binding Memorandum of Understanding (MoU). The agreement focuses on sourcing, preparing, and recycling post-consumer PET waste using Carbios’ biorecycling tech at its inaugural commercial facility in Longlaville, France, set to launch in 2026.

Leveraging Landbell Group’s expertise and network, the partnership will streamline the procurement of PET packaging and textile waste for biorecycling. Carbios’ specialized enzyme minimizes sorting and washing needs, promising energy and water savings compared to existing recycling methods. PET waste circularity

Commencing 2026, Landbell Group commits to supplying 15 kt/year of PET flakes to Carbios, ensuring a steady sustainable PET production flow. These flakes will serve as crucial raw materials for food-grade PTA and MEG production, later repolymerized into PET.

With Landbell Group in Germany and partnerships with Indorama Ventures and Citeo in France, Carbios aims to secure over 70% of its required feedstock for the 50kt/year capacity at full operation. Situated near Belgium, Germany, and Luxembourg borders, the Longlaville plant strategically taps into nearby waste supplies. PET waste circularity

This collaboration aligns with Landbell Group’s mission to divert problematic PET fractions like multilayered trays and polyester textile waste towards recycling, bolstering their commitment to pioneering circular economy solutions.

PET waste circularity

LLDPE Prices Hike in Europe and USA: Supply Shortages and High Demand Drive Surge

During the initial half of February 2024, there was a significant increase in the prices of Linear Low-Density Polyethylene (LLDPE) observed both in Europe and the United States. This escalation predominantly stemmed from supply shortages and heightened market demand. In Europe, constrained supplies exacerbated by delayed cargo arrivals drove the price surge, while in the US, increased demand from sectors such as construction and packaging propelled LLDPE prices upward. Further, the escalating costs of feedstocks Ethylene, along with upstream Naphtha and Crude oil, significantly impacted production expenses for LLDPE in both regions, intensifying the upward pressure on prices. Furthermore, disturbances in crucial pathways such as the Panama Canal and the Red Sea also played a role in increasing market instability during this timeframe, exerting added pressure on pricing trends.  PET waste circularity

During this timeframe, the demand for LLDPE in the US market experienced a robust upward trend, resulting in sustained price hikes, notably a 6% increase for Film Butene-based grade FOB Texas (USA). Trading remained brisk, with participants actively engaged in spot market transactions due to limited availability. The upward trajectory of LLDPE prices was propelled by rising costs of Ethylene and Naphtha, exerting additional pressure on product expenses. Moreover, heightened export demand, driven by ongoing logistical hurdles, enabled producers to command higher prices for their products. This surge in export activity facilitated the reduction of excess resin in the domestic market, leading to tighter domestic supplies and subsequent increases in domestic LLDPE costs. These price escalations align with anticipated patterns, as international LLDPE prices surged with rising freight costs. The recent uptick in LLDPE spot prices has supported producers to advocate for another price hike in February, building on a successful increase implemented in January.  PET waste circularity

More…

PET waste circularity

Abu Dhabi National Oil Company (Adnoc) has acquired a 24.9% stake in OMV, a significant move indicating a potential merger with Borealis and Borouge

Mubadala Petroleum and Petrochemicals Holding Company (Mubadala) sold its stake to Adnoc, while Österreichische Beteiligungs (ÖBAG) retains 31.5%, and the rest is publicly traded.

Financial specifics weren’t disclosed, but Adnoc plans to nominate two members to OMV’s Supervisory Board. This acquisition sets the stage for merging Borealis and Borouge, both prominent in the polyolefins sector.  PET waste cir cularity

Adnoc and OMV are in discussions to establish a new petrochemical holding company, leveraging their combined holdings in Borouge and Borealis.

Presently, OMV owns 75% of Borealis, while Adnoc owns 25%. Borouge is 54% owned by Adnoc, 36% by Borealis, with the rest publicly traded.

Borealis, a leading European polyolefins producer, reported €12.2 billion in sales and €2.1 billion in net profit in 2022, employing 6,900 globally.

Borouge, headquartered in Abu Dhabi and in its fourth expansion phase, is investing $6.2 billion to become the world’s foremost polyolefin production hub by 2025. Located in Ruwais, UAE, Borouge specializes in polyolefins and intermediates, with investments in a cracker and three polyethylene plants.  PET waste circularity

Abu Dhabi National Oil Company (Adnoc) has acquired a 24.9% stake in OMV, a significant move indicating a potential merger with Borealis and Borouge

Bosch Unveils Hydrogen Heat Engine: A Shift Away from Traditional Fuels

At the 2024 CES event in Las Vegas, Bosch introduced an innovative hydrogen-powered heat engine, marking a significant departure from conventional fuels.

The unveiling of Bosch’s hydrogen-powered heat engine at CES in Las Vegas surprised many, challenging preconceived notions about future automotive innovations.

Tanja Ruckert, a member of Bosch’s board of directors, emphasized the company’s commitment to exploring sustainable alternatives beyond traditional energy sources, particularly focusing on hydrogen.

Despite potential skepticism, Bosch is investing heavily in hydrogen technology, projecting investments of 2.5 billion euros between 2021 and 2026, with an anticipated revenue of 5 billion euros by 2030.  PET waste circularity

The hydrogen heat engine is poised to revolutionize the mobility sector, offering economic and environmental benefits by reducing pollution and increasing efficiency.

Bosch’s innovative internal combustion engine (ICE) utilizes hydrogen as a cleaner alternative to traditional fuels like diesel and petrol. The engine operates similarly to fossil fuel combustion but with hydrogen stored in a pressure tank and injected directly into the combustion chamber, leading to spontaneous ignition upon contact with air.

Key components developed by Bosch, including an optimized engine control system (ECU) and a lubrication-free hydrogen injector, enable the efficient operation of the hydrogen-powered heat engine.

Bosch’s commitment to zero emissions technology aligns with the company’s belief in hydrogen as a catalyst for accelerating the transition to eco-friendly transportation.

Electrification efforts, particularly in industrial vehicles, stand to benefit from hydrogen technology, offering a pathway to achieving emissions reduction targets in challenging sectors.  PET waste circularity

Bosch Unveils Hydrogen Heat Engine: A Shift Away from Traditional Fuels

The surge in US graphite prices stems from increased demand in the battery industry, both domestically and internationally

Major market players like Panasonic Energy and Syrah Resources have expanded graphite mining, aided by supportive government policies and financial backing. China’s dominance in global graphite production has led to supply constraints, affecting the US spot market and driving prices upward.

To counter supply shortages, the US government has initiated deals to boost graphite mining domestically and abroad. Westwater Resources, a US-based exploration company, has ramped up production at its processing plant in response to rising demand for battery anode materials. Regulatory measures, such as those related to electric vehicle (EV) batteries, further contribute to demand.  PET waste circularity

Nouveau Monde Graphite has secured significant investment and off-take agreements, reflecting growing interest in graphite for battery production. The shift towards renewable energy sources also bolsters the graphite market outlook.

ChemAnalyst predicts continued price increases in the graphite market, driven by ongoing demand from the battery industry. Demand for anode materials and electric vehicles is expected to remain strong, prompting suppliers to maintain high prices in the US spot market.

The surge in US graphite prices stems from increased demand in the battery industry, both domestically and internationally

Covestro is grappling with the challenges of low volumes and declining prices, echoing the struggles faced by other major players in the chemical industry amidst a daunting macroeconomic backdrop

In 2023, the company reported sales of €14.4 billion, marking a steep 20% drop from the previous year, with EBITDA standing at €1.1 billion, down by a third compared to 2022. Although there was a slight improvement, net profit remained negative, reducing from a loss of €272 million to €198 million.  PET waste circularity

Attributing these results to a harsh economic environment characterized by geopolitical tensions, a global recession, and soaring energy costs, particularly in Europe, Covestro’s CEO Markus Steilemann highlighted additional structural challenges, especially in Germany. The overall decline in demand across key sectors further dampened revenues.

Factors contributing to the decrease in turnover included reduced volumes (-6.8%), below-average sales prices (-11%), and currency fluctuations (-2.2%), while the portfolio remained unchanged.

Across different business segments, Performance Materials experienced a significant decline, with sales plummeting by 24% to €6.87 billion due to decreases in both volumes (-6.7%) and prices (-15.7%). In contrast, Solutions & Specialties managed to limit the decline to 15.1%, reaching €7.67 billion.  PET waste circularity

In response, Covestro is implementing measures outlined in its Sustainable Future plan, focusing on maximizing output from existing facilities, boosting sales volumes, optimizing capacity utilization, prioritizing high-margin demand, and prudent cost management. Through these efforts, the company aims to drive transformation and navigate the challenges ahead in 2024.

Covestro is grappling with the challenges of low volumes and declining prices, echoing the struggles faced by other major players in the chemical industry amidst a daunting macroeconomic backdrop

PET waste circularity

Unifi Bottles Recycling – Brussels is deliberating the integration of mass balance into recycled content regulations for bottles, amid opposition from environmentalists advocating for stricter measures 02-03-2024