Recycled polyester textiles – Malaysian 2024 biofuel output could rise if B20 biodiesel usage expanded 11-03-2024

Recycled polyester textiles

Polymers prices – PET bottles banned? the environment doesn’t always thank you


Recycled polyester textiles

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Monterey Mushrooms unveils rPET with NIR Sortable Colorant

Monterey Mushrooms is championing sustainability by introducing a significant enhancement to its mushroom packaging this Spring. By incorporating near-infrared (NIR) sortable material into their recycled Polyethylene Terephthalate (rPET) thermoformed tills, the company is taking strides towards a more recyclable future.

These rPET tills are manufactured using 100% post-consumer recycled materials, sourced entirely from North America, thereby reducing plastic waste in landfills and contributing to a circular economy. The use of NIR sortable colorant ensures effective sorting and recycling of the packaging into new products. Recycled polyester textiles

PET and PETE, both abbreviations for Polyethylene Terephthalate, are commonly used plastics denoted by recycling number 1. However, rPET stands out by virtue of its recycled content, denoted by the ‘r’. This recycled material grants a new lease of life to mixed-color PET materials, potentially offering long-term cost advantages over alternatives like clear rPET.

Through this initiative, Monterey Mushrooms not only fosters sustainability within the mushroom industry but also sets a precedent for other sectors to embrace eco-friendly packaging solutions.

By prioritizing recyclability and incorporating innovative materials, they pave the way for a greener, more environmentally conscious future.  Recycled polyester textiles

Recycled polyester textiles

H&M, Vargas Holding launch Syre: scaling recycled polyester textiles

H&M Group and Vargas Holding have joined forces to launch Syre, a new venture aimed at scaling textile-to-textile recycling of polyester.

Backed by TPG Rise Climate, the venture seeks to accelerate the adoption of recycled polyester in the textile industry, fostering sustainability.

H&M Group has secured a substantial USD 600 million offtake agreement with Syre over seven years, fulfilling a significant portion of its long-term demand for recycled polyester. This move is pivotal as it shifts focus from traditional bottle-to-textile recycling to a closed-loop alternative, reducing reliance on virgin polyester.  Recycled polyester textiles

CEO Daniel Ervér emphasizes the importance of Syre in H&M Group’s journey towards circularity, urging industry-wide participation in driving sustainability.

Additionally, H&M Group has bolstered its commitment to recycled materials, targeting 30 percent by 2025 and aiming for 50 percent by 2030, aligning with its broader goal of achieving 100 percent recycled or sustainably sourced materials by 2030.

This strategic shift reflects H&M Group’s dedication to decoupling growth from virgin resource consumption, marking a significant step towards a more sustainable future.

Recycled polyester textiles

Malaysian 2024 biofuel output could rise if B20 biodiesel usage expanded

Hydrocarbonprocessing predicts Malaysia’s biodiesel production could reach 1.8 million metric tons (MMt) in 2024 with the expansion of the B20 biodiesel program by the government. Currently, Malaysia has initiated a phased rollout of the B20 program, mandating a 20% blend of palm-based biodiesel with diesel for transportation, with most regions implementing a B10 program.  Recycled polyester textiles

According to MBA president U.R. Unnithan, the acceleration of blending facilities could facilitate the transition to B20, albeit with considerations of time and cost for nationwide implementation. The group has proposed expanding the program to the government, aiming for implementation in the latter half of the year, pending discussions with stakeholders.

Since its introduction in 2020, the nationwide 20% palm-based biodiesel blending program has faced obstacles due to the COVID-19 pandemic and governmental changes. Plans to extend the B10 program to the industrial sector and mandate a 30% palm oil blend by 2025 are under consideration.  Recycled polyester textiles

Malaysia exported approximately 300,000 tons of biodiesel in the previous year, with domestic consumption standing at around 1.1 MMt. Unnithan cautions that potential revisions in price controls and fuel subsidies by the government could impact domestic biodiesel demand negatively.

Malaysian 2024 biofuel output could rise if B20 biodiesel usage expanded

Indorama Ventures, Thai petrochem firm, plans asset sale, IPO

Thailand’s Indorama Ventures, a leading petrochemical firm, is set to divest assets and pursue organic growth by listing its businesses, according to founder and CEO Aloke Lohia. Facing industry shifts post-pandemic, the company aims to boost its EBITDA to $2.1 billion by 2026, prioritizing organic expansion over debt-driven acquisitions.

Acknowledging recent financial challenges, including a $310 million loss in 2023, Lohia emphasizes a strategic shift towards reducing debt by $2.5 billion and selling $1.3 billion worth of non-core assets, particularly in Europe. Additionally, Indorama Ventures plans to list certain segments, potentially raising $1 billion in funds. Lohia suggests listing the integrated oxides and derivatives business in the West and the packaging business in India or elsewhere in Asia.  Recycled polyester textiles

Since its establishment in 1994, Indorama Ventures has grown through 50 acquisitions, totaling a $10.9 billion enterprise value. With over 140 facilities across 35 countries, the company specializes in polyethylene terephthalate (PET) production for plastic bottles and integrated oxides and derivatives (IODs) used in personal care and agriculture.

Forbes ranks Lohia, an India-born entrepreneur, as Thailand’s 17th richest, with a net worth of $1.96 billion. As Indorama Ventures adapts to evolving market dynamics, its strategic focus on organic growth and asset optimization underscores its commitment to long-term sustainability and profitability. Recycled polyester textiles

Indorama Ventures, Thai petrochem firm, plans asset sale, IPO

Amazon invests in ai-powered sorting technology for MRS

MRF robotics company Glacier has raised $7.7m in funding from Amazon and other investors to refine AI-enabled sorting technology able to identify ‘novel packaging materials’.

Glacier, a US-based robotics sorting company, has announced that it has raised $7.7 million in funding from a combination of investors including Amazon’s Climate Pledge Fund, New Enterprise Associates and other venture capitalists. Glacier plans to allocate a significant amount of the investment towards the development of low-cost, high-performance AI-enabled robotics, which streamline the sorting of the recyclable materials and gather real-time data on the waste streams.  Recycled polyester textiles

AI systems for recycling

Amazon is hoping to use the data gleaned from the technology to reveal actionable insights about packaging’s end-of-life journey that can be fed back to its supply chain and help the retail giant meet its Climate Pledge Fund goals. Packaging suppliers would use the information to design more recoverable packaging formats to deliver higher volumes and higher quality of post consumer recycled (PCR) packaging materials, leading the way to greater circularity. And, Amazon is as much a consumer of PCR packaging material as it is a supplier – higher volumes would reduce the costs associated with PCR, to the point at which it may even become competitive with virgin materials. Higher quality would unlock a greater range of uses.  Recycled polyester textiles


Amazon invests in ai-powered sorting technology for MRS

Global EV battery companies to unveil tech at Seoul’s ‘InterBattery’ expo

The InterBattery exhibition in Seoul, held from March 6 to March 8, will feature 579 electric vehicle (EV) battery companies from 18 countries. Hosted at the COEX Convention & Exhibition Center in Seoul’s Gangnam District, renowned for its fashion and finance, the event will showcase cutting-edge battery-related technologies and products.

Organized by the Ministry of Trade, Industry, and Energy, InterBattery stands as one of South Korea’s premier battery exhibitions. This year, it anticipates over 75,000 attendees, surpassing the 60,000 visitors in 2023.  Recycled polyester textiles

Leading South Korean battery manufacturers will unveil their latest innovations. Samsung SDI will present its solid-state battery mass production roadmap, promising higher energy density and faster charging. Additionally, Samsung will showcase its rapid charging technology, capable of reaching 80% capacity in nine minutes.

LG Energy Solution will highlight its cell-to-pack (CTP) technology, eliminating the need for intermediate modules, thereby enhancing pack energy density and cost-effectiveness.

Domestic exhibitors include SK On, SK Group’s battery arm, and Dongwon Systems, Dongwon Group’s packaging solutions developer. COEX President Lee Dong-ki expressed hopes for InterBattery to serve as a global platform for South Korea’s battery industry, reinforcing its position in the global secondary battery market.  Recycled polyester textiles

Global EV battery companies to unveil tech at Seoul's 'InterBattery' expo


Polymers prices – PET bottles banned? the environment doesn’t always thank you 11-03-2024

Polymers prices

Polymers prices

  • 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 
  • Colourless flake prices hit same levels as virgin PET

Polymers prices

ITEM 04/03/2024 11/03/2024 +/-
Bottle grade PET chips domestic market 7,100 yuan/ton 7,025 yuan/ton -75
Bottle grade PET chips export market 905 $/ton 895 $/ton -10
Filament grade Semidull chips domestic market 6,920 yuan/ton 6,830 yuan/ton -90
Filament grade Bright chips domestic market 6,930 yuan/ton 6,850 yuan/ton -80
Pure Terephthalic Acid PTA domestic market 5,920 yuan/ton 5,760 yuan/ton -160
Pure Terephthalic Acid PTA export market 735 $/ton 700 $/ton -35
Monoethyleneglycol MEG domestic market 4,550 yuan/ton 4,565 yuan/ton
Monoethyleneglycol MEG export market 535 $/ton 537 $/ton +2
Paraxylene PX FOB  Taiwan market 1,026 $/ton 1,003 $/ton
Paraxylene PX FOB  Korea market 1,004 $/ton 981 $/ton -23
Paraxylene PX FOB EU market 1,130 $/7on 1,150 $/ton +20
Polyester filament POY 150D/48F domestic market 7,875  yuan/ton 7,750 yuan/ton
Recycled Polyester filament POY  domestic market 7,700 yuan/ton 7,700 yuan/ton
Polyester filament DTY 150D/48 F domestic market 9,100 yuan/ton 9,075 yuan/ton -25
Polyester filament FDY 68D24F 9,200 yuan/ton 9,100 yuan/ton -100
Polyester filament FDY 150D/96F domestic market

Polymers prices

8,480 yuan/ton 8,350 yuan/ton -130
Polyester staple fiber 1.4D 38mm domestic market 7,400 yuan/ton 7,320 yuan/ton -80
Caprolactam CPL domestic market 13,400 yuan/ton 12,900 yuan/ton
Caprolactam CPL overseas  market 1,700 $/ton 1,700 $/ton
Nylon 6 chips overseas  market 1,975 $/ton 1,975 $/ton
Nylon 6 chips conventional spinning domestic  market 14,500 yuan/ton 14,150  yuan/ton -350
Nylon 6 chips  high speed spinning domestic  market 15,100 yuan/ton 14,850 yuan/ton -250
Nylon 6.6 chips domestic  market

Polymers prices

22,000 yuan/ton 22,000 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 17,300 yuan/ton 17,000 yuan/ton -300
Nylon6 Filament DTY 70D/24F domestic  market 19,500 yuan/ton 19,200 yuan/ton- -300
Nylon6 Filament FDY  70D/24F  18,500 yuan/ton 18,350 yuan/ton -150
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

Polymers prices

10,000 yuan/ton 9,750 yuan/ton -250
Benzene domestic market 8,400 yuan/ton 8,600 yuan/ton +200
Benzene overseas  market 996 $/ton 1,024 $/ton +28
Ethylene South East market 1,010 $/ton 1,010 $/ton
Ethylene NWE market CIF 952 $/ton 929 $/ton -23
Acrylonitrile ACN  domestic market 9,600 yuan/ton 9,700 yuan/ton +100
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market

Polymers prices

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  688 $/ton 701 $/ton +13
Phenol domestic market 7,660 yuan/ton 7,640 yuan/ton -20

r-PET high end eco-friendly chips =8,350 yuan/ton 8,350 yuan/ton   –

Polymers prices

PET bottles banned? the environment doesn’t always thank you

The decision to ban or replace materials should ideally be preceded by thorough product life cycle analyses (LCAs) to assess the actual environmental impact. In hindsight, these analyses can only gauge the success or failure of such initiatives and potentially inform future decisions. An example of this is the ban on PET bottles at San Francisco airport in 2019, which prompted scrutiny due to its purported environmental benefits. However, a recent LCA study conducted in the United States challenges this notion, revealing unexpected consequences.

Commissioned by Napcor, a US association advocating for the producers of PET packaging, the study conducted by Franklin Associates compared the environmental impact of plastic bottles versus aluminum cans.  Polymers prices

The research focused on the replacement of approximately 9,000 PET bottles of water sold daily at the airport with aluminum cans. Surprisingly, the findings indicated that since the implementation of the ban, there has been an additional emission of 1,100 metric tonnes of CO2 equivalent compared to the pre-ban scenario.

Contrary to popular belief, the study highlighted the environmental advantages of PET bottles over aluminum cans. PET bottles were found to consume 80% less energy during production, generate 80% less solid waste, utilize 53% less water, and exhibit a 74% lower global warming potential compared to aluminum cans. Additionally, PET bottles produced significantly fewer emissions contributing to acid rain and smog, ranging between 68% to 83% less than aluminum cans.  Polymers prices

Laura Stewart, director of Napcor, emphasized the significance of PET bottles as the environmentally superior choice among beverage containers. She expressed concern over the unintended consequences of plastic bans and advocated for investing in and supporting the proper recycling of PET bottles instead of outright prohibition. Stewart pointed out that large establishments like San Francisco airport, equipped with recycling infrastructure, could make a more positive impact on the environment by promoting PET bottle recycling rather than banning them.

The implications of this study extend beyond PET bottles, challenging the efficacy of blanket plastic bans. Another recent study in the United States, which gained attention, revealed surprising outcomes following the ban on plastic bags in New Jersey. Contrary to expectations, the ban led to a threefold increase in plastic usage for the same purpose. These findings underscore the complexity of environmental policies and the importance of evidence-based decision-making.  Polymers prices

In conclusion, the decision to ban or replace materials should be informed by comprehensive LCAs to assess their true environmental impact. The case of PET bottles at San Francisco airport serves as a cautionary tale, highlighting the unintended consequences of such initiatives. Rather than imposing blanket bans, efforts should be directed towards promoting sustainable practices such as recycling, which can yield more positive outcomes for the environment.

PET bottles banned? the environment doesn't always thank you

Neste signs agreement with Mura in chemical recycling

Neste has entered into an agreement with Mura Technology to purchase feedstock derived from chemical recycling of heterogeneous plastic waste at the new Teesside plant in Northeast England (pictured), which was inaugurated at the end of last year and is expected to be operational by mid-this year.

Neste will process the raw products supplied by Mura, certified with ISCC Plus, into raw materials for the production of new plastics, replacing fossil ones. Polymers prices

The Finnish company joins the American group Dow, which had already secured a portion of the new plant’s capacity through an off-take agreement. Based on the HydroPRS (Hydrothermal Plastic Recycling Solution) process, the plant will be able to process up to 20,000 tons of heterogeneous plastic waste annually, including rigid and flexible types that are not otherwise recyclable.

The process employs supercritical steam – water, heat, and pressure – to convert plastic waste into naphtha, heavy oils, and distillates, which can be reused in cracking to produce new plastic materials.  Polymers prices

Neste signs agreement with Mura in chemical recycling