Day: 25 March 2024

Nylon price trend – Eastman proudly announces the successful initiation of on-spec production and revenue generation at its new molecular recycling facility in Kingsport, Tennessee 25-03-2024

Nylon price trend

Nylon price trend

  • 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 

Nylon price trend

Nylon price trend

Polyestertime
ITEM 18/03/2024 25/03/2024 +/-
Bottle grade PET chips domestic market 7,100 yuan/ton 7,100 yuan/ton –
Bottle grade PET chips export market 905 $/ton 900 $/ton -5
Filament grade Semidull chips domestic market 6,870 yuan/ton 6,830 yuan/ton -40
Filament grade Bright chips domestic market 6,890 yuan/ton 6,850 yuan/ton -40
Pure Terephthalic Acid PTA domestic market

Nylon price trend

 5,895 yuan/ton 5,840 yuan/ton
 -55
Pure Terephthalic Acid PTA export market 735 $/ton 725 $/ton -10
Monoethyleneglycol MEG domestic market 4,565 yuan/ton 4,480 yuan/ton
 -85
Monoethyleneglycol MEG export market 525 $/ton 525 $/ton –
Paraxylene PX FOB  Taiwan market 1,043 $/ton 1,028 $/ton
 -15
Paraxylene PX FOB  Korea market 1,021 $/ton 1,006 $/ton -15
Paraxylene PX FOB EU market 1,170 $/7on 1,175 $/ton +5
Polyester filament POY 150D/48F domestic market 7,750  yuan/ton 7,500 yuan/ton
 -250
Recycled Polyester filament POY  domestic market 7,600 yuan/ton 7,500 yuan/ton -100
Polyester filament DTY 150D/48 F domestic market 9,050 yuan/ton 8,950 yuan/ton -100
Polyester filament FDY 68D24F 9,100 yuan/ton 8,850 yuan/ton -250
Polyester filament FDY 150D/96F domestic market

Nylon price trend

 8,350 yuan/ton 8,100 yuan/ton -250
Polyester staple fiber 1.4D 38mm domestic market 7,400 yuan/ton 7,400 yuan/ton –
Caprolactam CPL domestic market 12,900 yuan/ton 12,600 yuan/ton
 -300
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 14,300 yuan/ton 14,100  yuan/ton -200
Nylon 6 chips  high speed spinning domestic  market 14,650 yuan/ton 14,550 yuan/ton -100
Nylon 6.6 chips domestic  market

Nylon price trend

 22,000 yuan/ton 22,200 yuan/ton +200
Nylon6 Filament POY 86D/24F domestic  market 16,700 yuan/ton 16,550 yuan/ton -150
Nylon6 Filament DTY 70D/24F domestic  market 18,900 yuan/ton 18,900 yuan/ton- –
Nylon6 Filament FDY  70D/24F  18,100 yuan/ton 17,900 yuan/ton -200
Spandex 20D  domestic  marke 34,200 yuan/ton 33,800 yuan/ton -400
Spandex 30D  domestic  market 32,700 yuan/ton 32,300 yuan/ton -400
Spandex 40D  domestic  market  29,700 yuan/ton 29,300 yuan/ton -400
Adipic Acid domestic market

Nylon price trend

 9,500 yuan/ton 9,300 yuan/ton +200
Benzene domestic market 8,600 yuan/ton 8,555 yuan/ton -45
Benzene overseas  market 1,046 $/ton 1,030 $/ton -16
Ethylene South East market 1,010 $/ton 1,010 $/ton –
Ethylene NWE market CIF 840 $/ton 832 $/ton -8
Acrylonitrile ACN  domestic market 9,700 yuan/ton 9,700 yuan/ton –
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton –
Acrylic staple fiber ASF  domestic market

Nylon price trend

 14,600 yuan/ton 14,600 yuan/ton –
Viscose Staple Fiber VSF  domestic market 13,400 yuan/ton 13,300 yuan/ton -100
PP Powder domestic market 7,100 yuan/ton 7,150 yuan/ton +50
Naphtha overseas market  725 $/ton 714 $/ton -11
Phenol domestic market 7,685 yuan/ton 7,487 yuan/ton -198

r-PET high end eco-friendly chips =8,350 yuan/ton  — 8,300 yuan/ton   -50

Nylon price trend

Eastman proudly announces the successful initiation of on-spec production and revenue generation at its new molecular recycling facility in Kingsport, Tennessee

This achievement marks a significant step towards Eastman’s goal of expanding production capacity in the months ahead, fostering growth across diverse markets. Anticipating a substantial impact, the company foresees approximately $75 million in additional EBITDA for 2024 from this facility, reinforcing its commitment to a circular economy.

Mark Costa, Board Chair and CEO, expressed gratitude towards Eastman’s team for their tireless efforts in bringing the facility online, solidifying Eastman’s leadership in circular economy initiatives. Demand for recycled material of premium quality from the new facility remains robust, signaling a promising trajectory for Eastman. Nylon price trend

Eastman’s innovative polyester renewal technology addresses the challenge of recycling difficult-to-process plastics, diverting them from landfills or incineration. By breaking down waste into molecular components and reconstructing them into virgin-quality materials, Eastman ensures high performance without environmental compromise. This approach facilitates the continual reuse of materials, contributing to a sustainable, high-yield loop with lower greenhouse gas emissions compared to conventional methods.

With the completion of the Kingsport facility and plans for two additional recycling plants in France and the U.S., Eastman continues to lead the charge towards a greener, more sustainable future.  Nylon price trend

Eastman proudly announces the successful initiation of on-spec production and revenue generation at its new molecular recycling facility in Kingsport, Tennessee

CO2 capture – Composites continue to face challenges in Europe, marked by a notable downturn last year despite global expansion 25-03-2024

CO2 capture

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Nylon price trend – Eastman proudly announces the successful initiation of on-spec production and revenue generation at its new molecular recycling facility in Kingsport, Tennessee 

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CO2 capture

Composites continue to face challenges in Europe, marked by a notable downturn last year despite global expansion

As per a recent AVK association report, 2023 witnessed a significant 8% decline in the production of polymer matrix fibre-reinforced and composite materials in Europe, in stark contrast to the 5% global market growth.

This downward trajectory, which commenced in 2018, is influenced by uncertainties and macroeconomic factors such as escalating raw material and energy expenses.

Despite a rebound in the automotive sector, a major consumer of these materials, it has yet to reach pre-pandemic levels.  CO2 capture

Additionally, the crisis in the European construction and large infrastructure sector has contributed to the production contraction.

Globally, the composites market expanded to 13 million tons last year, up from 12.3 million tons the year prior.

In Europe, however, production dwindled from 2.78 to 2.56 million tonnes, reflecting an 8% decrease following a 6% decline in 2022.

Thermosets accounted for 1,073,000 tonnes, down from the previous year’s 1,138,000 tonnes, comprising 43% of Europe’s composite production. CO2 capture

Currently, European production constitutes approximately 20% of the global output, with America and Asia holding 30% and 50% respectively.

The automotive sector remains the largest consumer of composites, followed by electrical/electronic and construction and infrastructure industries. For more comprehensive market data, please refer to the report.

CO2 capture

CarpeCarbon, an Italian initiative aiming to capture CO2, stands apart in the quest to curb climate change

The latest IPCC report underscores the urgency of reducing atmospheric CO2 to limit global warming to +1.5°C. CarpeCarbon, headquartered in Turin, is pioneering Italy’s first direct carbon capture plant, driven by the conviction that solely halting emissions is insufficient.

Traditional Direct Air Capture (DAC) technologies face hurdles akin to electric cars, namely, energy-intensive operations and reliance on critical minerals, rendering them unsustainable. In contrast, CarpeCarbon adopts an innovative approach emphasizing scalability and energy efficiency. CO2 capture

By leveraging renewable energy and eschewing harmful chemicals, CarpeCarbon significantly reduces costs and environmental impact.

Moreover, the company ensures supply chain resilience by sidestepping critical raw materials. Their method involves filtering air to trap CO2 emitted from fossil fuel combustion, resulting in negative emissions.

CarpeCarbon’s uniqueness has garnered recognition, securing funding exceeding 1.7 million euros from Tech4Planet initiative, Cdp Venture Capital, 360 Capital, and other backers. This financial boost will aid in establishing Italy’s first DAC system.

Additionally, CarpeCarbon explores diverse industrial applications for captured CO2, aligning with UN SDG 12 for a circular economy.  CO2 capture

CEO Giuliano Antoniciello envisions a future where their plant operates off-grid, decoupling CO2 removal from energy production. This approach, distinct from Carbon Capture and Storage (CCS), enables capturing existing atmospheric CO2, not just new emissions.

As global emissions soar, CarpeCarbon emerges as a beacon of hope, poised to address climate challenges. With 2024 potentially marking a pivotal year for the startup, the world anticipates their contributions to a sustainable future.

CO2 capture

Gazprom Neft opens plastic recycling plant with capacity of 8,600 tpy

Gazprom Neft has inaugurated a plastic recycling facility in Gatchina, Leningrad Region, capable of processing 8,600 tonnes annually, as reported by Interfax. The plant will manage the entire process of converting polypropylene and polyethylene packaging into secondary granules for further utilization. These granules will be distributed to domestic plastic manufacturers and used internally for crafting waterproofing materials in both industrial and civilian construction.

Equipped with modern recycling machinery and a closed-loop water treatment system, the plant ensures eco-friendly production. According to the company, advanced filtration tools enable the extraction of minute plastic particles, ensuring water purity for reuse in the production cycle.  CO2 capture

By 2030, Gazprom Neft anticipates internal consumption of secondary granules to reach 3,200 tonnes annually. Igor Korolev, Gazprom Neft’s head of petrochemicals and LPG, emphasized the economic advantages and environmental safety of recycling processes, highlighting their significance in fostering a closed-loop economy. He asserted that the project signifies a pivotal stride towards reintegrating plastic waste into the production chain, as stated in the press release.

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Gazprom Neft opens plastic recycling plant with capacity of 8,600 tpy

Eni announced that it has obtained authorization from the UK Department of Energy Security (DESNZ) for the CO2 transport infrastructure of the HyNet North West project, where it serves as the operator responsible for CO2 transport and storage

This marks a significant milestone as it represents the first cross-border infrastructure project of national significance between England and Wales to receive approval from DESNZ via a Development Consent Order (DCO).

According to a statement released by the oil group, the authorization process spanned 18 months, culminating in this approval. The CO2 transport network is a vital component of the HyNet North West initiative, which aims to establish a comprehensive low-carbon infrastructure in the region.  CO2 capture

Eni’s role as the project operator underscores its commitment to advancing sustainable energy solutions. The approval sets the stage for further progress, with the Final Investment Decision (FID) anticipated by September 2024. This decision will mark a pivotal moment in the project’s timeline, signaling the commencement of investment activities to bring the CO2 transport infrastructure to fruition.

The authorization underscores the collaborative efforts between governmental entities and private stakeholders to address climate challenges and promote the transition towards a more sustainable energy landscape.  CO2 capture

Eni announced that it has obtained authorization from the UK Department of Energy Security (DESNZ) for the CO2 transport infrastructure of the HyNet North West project, where it serves as the operator responsible for CO2 transport and storage

Clothing, when worn, washed, and dried, can release tiny, often invisible polyester fibers into homes, soils, and waterways, contributing to microplastic pollution

These fibers, which take centuries to degrade, pose a significant environmental and public health risk. Addressing this challenge, the U.S. Department of Energy’s BOTTLE™ consortium has developed a potential solution: replacing petroleum-derived polyester with biodegradable alternatives made from PHAs (polyhydroxyalkanoates).

Scientists from the DOE’s Bioenergy Technologies Office and the BOTTLE consortium, with funding from the Advanced Materials & Manufacturing Technologies Office, have created a range of PHAs in the lab.

These PHAs mimic conventional polyester’s properties but are bio-based, biodegradable, and easier to recycle. Partnering with The North Face, the consortium aims to introduce these sustainable materials to the outdoor apparel industry.  CO2 capture

Over the next year, BOTTLE will scale up production to create several pounds of PHA fiber for testing by The North Face. This collaboration seeks to assess the viability of PHA-based textiles in The North Face’s product lines, potentially revolutionizing the industry’s approach to sustainability.

Learn more about this innovative plastics research and the collaborative efforts driving the development of eco-friendly textiles for the market.

Clothing, when worn, washed, and dried, can release tiny, often invisible polyester fibers into homes, soils, and waterways, contributing to microplastic pollution

Hydrogen holds promise for automotive use, but its convenience hinges on several factors

While battery electric vehicles (BEVs) gain traction in Europe, concerns about component shortages loom. Could hydrogen be the answer? In Asia, particularly Japan and China, hydrogen’s potential is being vigorously explored, with ambitious targets set for adoption.

Unlike BEVs, which rely on grid recharging, hydrogen fuel cell electric vehicles (FCEVs) generate electricity on-board, emitting only water vapor. They refuel swiftly, akin to traditional cars, offering comparable range without emissions. Despite these advantages, hydrogen confronts obstacles.  CO2 capture

Efficiency poses a challenge; electrolysis, the cleanest method of hydrogen production, suffers energy losses. Additionally, transporting and storing hydrogen incur further inefficiencies and costs. Infrastructure remains a major hurdle—though refueling is quick, stations are scarce. This creates a catch-22: without vehicles, stations won’t proliferate; without stations, adoption stalls.

Solving these issues demands coordinated efforts among governments, industry, and investors. While some automakers, notably Toyota and Hyundai, champion hydrogen, broader commitment is lacking. BMW’s recent re-engagement signals potential, yet challenges persist.  CO2 capture

In conclusion, hydrogen offers swift refueling and emissions-free driving, but its efficiency and infrastructure deficiencies impede widespread adoption. Addressing these barriers requires collaborative action, ensuring hydrogen’s viability in the future of automotive technology.

Hydrogen holds promise for automotive use, but its convenience hinges on several factors

Technical Polymers – CHT and Fulgar have forged a novel partnership, prioritizing sustainability in the textile industry 23-03-2024
CO2 capture