Food packaging – Does Compostable Packaging Actually Break Down? 22-04-2024

Food packaging

PET Resin Bottle – European BOPP Film Market Prices Witness Stability Amid Demand Shortfall

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Food packaging

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Yesterday marked a pivotal moment for Faerch Group with the Grand Opening of its Cirrec plant in Duiven, a significant step towards transforming the rigid food packaging sector

“This event is not merely a celebration; it represents our pledge to evolve from linear to circular business models,” stated CEO Lars Gade Hansen. He emphasized the need for collaboration in redefining industry standards and invited stakeholders to join in shaping a sustainable future.

The establishment of the Cirrec plant follows a five-year developmental period where Faerch perfected its innovative technology aimed at reutilizing recyclable plastic packaging materials. These materials are intended to be used repeatedly, thus avoiding waste in landfills or incineration.  Food packaging

Hansen expressed his gratitude towards the Cirrec team, recycling partners, and national waste management bodies for their steadfast support.

The opening ceremony included speeches from several key figures, including sustainability advocate Paul Polman, who highlighted the importance of adopting a Net Positive approach. This strategy demands that companies contribute more to society and the environment than they extract, challenging traditional business practices and promoting leadership in sustainability. Food packaging

For Faerch, striving for Net Positive is a strategic goal as the company aims to make circular tray materials a standard commodity in the industry.

Food packaging

Gaia Biomaterials’ Biodolomer now BPI certified compostable as well

Gaia Biomaterials’ product Biodolomer has recently earned BPI certification for compostability, indicating its adherence to ASTM standards as verified by the Biodegradable Products Institute (BPI). BPI, a leading authority in North America on compostable products and packaging for over twenty years, ensures that compostability claims are supported by scientific evidence as required by the FTC. Food packaging

Biodolomer, distinct from many bioplastics, does not rely on farmland-grown materials but is made from limestone, a widely available natural resource. This innovative material avoids microplastic production and can reduce CO2 emissions by up to 80% compared to traditional fossil plastics when incinerated. The certification currently applies to film applications, with additional certifications pending.

Developed over nine years ago by Gaia Biomaterials, headquartered in Helsingborg, Sweden, Biodolomer is versatile in its applications. It is used for producing items like grocery bags, aprons, and agricultural films, and its granules are suitable for processes including thermoforming and 3D printing. Food packaging

This adaptability allows Biodolomer to replace conventional plastics in many single-use products such as straws, cups, bottles, and food containers on existing production lines with minimal changes.

Compostable materials like Biodolomer represent a crucial strategy in addressing the global plastic waste crisis, particularly in food packaging.

Food packaging

LyondellBasell  and Genox Recycling announced the inauguration of their joint venture (JV) plastics recycling facility in Zhaoqing, Guangdong Province, China

Named Guangdong Genox LyondellBasell New Material Co., Ltd., the plant utilizes mechanical recycling technology to transform plastic waste into new polymers, enhancing LyondellBasell’s CirculenRecover product line.

Yvonne van der Laan, LyondellBasell’s Executive Vice President of Circular and Low Carbon Solutions, highlighted the JV’s alignment with the company’s goals to advance a circular economy for plastics and broaden its circular polymer range in China. “This partnership allows us to provide localized recycling solutions to meet the ambitious sustainability goals of our customers and brand owners in the region,” she stated.  Food packaging

Allen Yu, LyondellBasell’s Senior Vice President for Asia Pacific, expressed pride in the collaborative efforts marking the facility’s launch, which aims to bolster customer growth in Asia through sustainable initiatives. Limin Fu, Vice President of LyondellBasell China’s JV Management and Polyolefins, emphasized the strategic intent to strengthen their Circular and Low Carbon Solutions business in Asia, noting the JV’s role in enhancing local recycling infrastructure and contributing to a circular economy.

Jingfa Jiang, Chairman of Genox Recycling, also affirmed the joint endeavor’s potential to pioneer advances in the plastics recycling sector.  Food packaging

On the day of the JV’s opening, LyondellBasell made charitable contributions to local schools, donating cash and recycled plastic stationery, reinforcing its commitment to community engagement and leadership in sustainability.

LyondellBasell  and Genox Recycling announced the inauguration of their joint venture (JV) plastics recycling facility in Zhaoqing, Guangdong Province, China

Reliance Industries Limited (RIL) has indeed increased the prices of Purified Terephthalic Acid (PTA) in the domestic market of India

According to recent reports, RIL set the price of PTA at ₹87.20 per kg, which is an increase of ₹2.30This adjustment in pricing is attributed to the rise in PTA and MELT prices in the Chinese market, which has influenced the Indian market as wellAdditionally, RIL has decreased the price of monoethylene glycol (MEG) to ₹53.20 per kg, a decrease of ₹3.30, while MELT prices have been raised to ₹93.08 per kg, an increase of ₹0.86.

The fluctuation in prices is a common occurrence in the industry and is often influenced by various factors including market demand, supply constraints, and changes in raw material costs.  Food packaging

It’s worth noting that RIL is a major player in India’s polyester value chain, and its pricing decisions can have a significant impact on the market.

Reliance Industries Limited (RIL) has been active in expanding its production of Purified Terephthalic Acid (PTA), which is a key raw material used in the production of polyester. Here are some key points from the latest updates:

Reliance Industries Limited (RIL) has indeed increased the prices of Purified Terephthalic Acid (PTA) in the domestic market of India

Does Compostable Packaging Actually Break Down?

The Composting Consortium, an industry collaboration led by the Center for the Circular Economy at Closed Loop Partners, released a report that examines how well certified, food-contact compostable packaging breaks down in composting facilities.

The Composting Consortium, an industry collaboration led by the Center for the Circular Economy at Closed Loop Partners, released a report that fills a data gap for the U.S. composting industry: how well does certified, food-contact compostable packaging actually break down in real-world composting facilities?  Food packaging

The report, Breaking It Down: The Realities of Compostable Packaging Disintegration in Composting Systems, shares findings from an 18-month study — the largest known field test of certified, food-contact compostable packaging conducted in North America — revealing the realities of compostable plastic and fiber disintegration in diverse in-field composting conditions.

In total, the study tested over 23,000 units of certified food-contact compostable packaging within large-scale industrial composting environments.

This encompassed 31 types of fiber packaging and products and compostable plastic packaging and products — such as PLA and PHA — across 10 diverse composting facilities across the U.S.  Food packaging

The data is released at a critical time, as compostable packaging grows as an alternative to conventional plastics amidst an urgent waste crisis. Roughly one-third of the world’s food is wasted each year — a loss estimated at $230 billion.

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Does Compostable Packaging Actually Break Down?

Miassite Mineral Exhibits Unprecedented Superconducting Properties

Ames National Laboratory scientists have discovered the first unconventional superconductor, with a chemical makeup that is also present in nature

Miassite is one of the four naturally occurring minerals that exhibit superconductivity when cultured in a lab. The team’s study of miassite unveiled its status as an unconventional superconductor, exhibiting properties akin to those found in high-temperature superconductors. Food packaging

These findings deepen scientists’ comprehension of this form of superconductivity, holding potential for the development of more sustainable and cost-effective superconductor-based technologies in the future.

The ability of a material to conduct electricity without losing energy is known as superconductivity. Applications for superconductors include quantum computers, power cables, and medical MRI machines. Food packaging

Although their critical temperatures are low, conventional superconductors are well understood. The greatest temperature at which a substance exhibits superconductivity is known as the critical temperature.

Unconventional superconductors were discovered in the 1980s, many of which have critical temperatures much higher than others.

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Miassite Mineral Exhibits Unprecedented Superconducting Properties

PET Resin Bottle – Shropshire Council is initiating a partnership with an unnamed company to establish a pyrolysis facility near Welshpool for biochar production, aimed at offsetting carbon emissions 22-04-2024

Food packaging

PET Resin Bottle – European BOPP Film Market Prices Witness Stability Amid Demand Shortfall 22-04-2024

 PET Resin Bottle

 PET Resin Bottle

  • 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 

 PET Resin Bottle

 PET Resin Bottle

Polyestertime
ITEM 15/04/2024 22/04/2024 +/-
Bottle grade PET chips domestic market 7,100 yuan/ton 7,150 yuan/ton +50
Bottle grade PET chips export market 905 $/ton 905 $/ton
Filament grade Semidull chips domestic market 6,900 yuan/ton 6,900 yuan/ton
Filament grade Bright chips domestic market 6,910 yuan/ton 6,905 yuan/ton -5
Pure Terephthalic Acid PTA domestic market

 PET Resin Bottle

5,950 yuan/ton 5,935 yuan/ton
-15
Pure Terephthalic Acid PTA export market 740 $/ton 735 $/ton -5
Monoethyleneglycol MEG domestic market 4,460 yuan/ton 4,445 yuan/ton
-15
Monoethyleneglycol MEG export market 522 $/ton 518 $/ton -4
Paraxylene PX FOB  Taiwan market 1,048 $/ton 1,057 $/ton
+9
Paraxylene PX FOB  Korea market 1,026 $/ton 1,035 $/ton +9
Paraxylene PX FOB EU market 1,140 $/7on 1,160 $/ton +20
Polyester filament POY 150D/48F domestic market 7,680  yuan/ton 7,625 yuan/ton
-55
Recycled Polyester filament POY  domestic market 7,450 yuan/ton 7,500 yuan/ton +50
Polyester filament DTY 150D/48 F domestic market 9,100 yuan/ton 9,075 yuan/ton -25
Polyester filament FDY 68D24F 8,900 yuan/ton 8,900 yuan/ton
Polyester filament FDY 150D/96F domestic market

 PET Resin Bottle

8,250 yuan/ton 8,200 yuan/ton -50
Polyester staple fiber 1.4D 38mm domestic market 7,420 yuan/ton 7,470 yuan/ton +50
Caprolactam CPL domestic market 13,200 yuan/ton 12,900 yuan/ton
-.300
Caprolactam CPL overseas  market 1,620 $/ton 1,620 $/ton
Nylon 6 chips overseas  market 1,910 $/ton 1,910 $/ton
Nylon 6 chips conventional spinning domestic  market 14,600 yuan/ton 14,375  yuan/ton -225
Nylon 6 chips  high speed spinning domestic  market 14,850 yuan/ton 14,700 yuan/ton -150
Nylon 6.6 chips domestic  market

 PET Resin Bottle

22,200 yuan/ton 21,900 yuan/ton -300
Nylon6 Filament POY 86D/24F domestic  market 16,800 yuan/ton 16,850 yuan/ton +50
Nylon6 Filament DTY 70D/24F domestic  market 19,150 yuan/ton 19,150 yuan/ton-
Nylon6 Filament FDY  70D/24F  17,850 yuan/ton 17,900 yuan/ton +50
Spandex 20D  domestic  marke 33,500 yuan/ton 33,500 yuan/ton
Spandex 30D  domestic  market 32,000 yuan/ton 32,000 yuan/ton
Spandex 40D  domestic  market  29,000 yuan/ton 29,000 yuan/ton
Adipic Acid domestic market

 PET Resin Bottle

9,650 yuan/ton 9,600 yuan/ton -50
Benzene domestic market 8,770 yuan/ton 8,920 yuan/ton +150
Benzene overseas  market 1,063 $/ton 1,066 $/ton +3
Ethylene South East market 1,010 $/ton 1,010 $/ton
Ethylene NWE market CIF 848 $/ton 827 $/ton -21
Acrylonitrile ACN  domestic market 10,200 yuan/ton 10,600 yuan/ton +400
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market

 PET Resin Bottle

14,600 yuan/ton 14,600 yuan/ton
Viscose Staple Fiber VSF  domestic market 13,000 yuan/ton 13,000 yuan/ton
PP Powder domestic market 7,220 yuan/ton 7,250 yuan/ton +30
Naphtha overseas market  705 $/ton 698 $/ton -7
Phenol domestic market 7,512 yuan/ton 7,800 yuan/ton +288

r-PET high end eco-friendly chips =8,300 yuan/ton 8,300 yuan/ton   –

 PET Resin Bottle

Shropshire Council is initiating a partnership with an unnamed company to establish a pyrolysis facility near Welshpool for biochar production, aimed at offsetting carbon emissions

This venture, named Biodynamic Carbon, in which the council will own a 50% stake, seeks to generate approximately £133,333 in annual profits.

Ian Nellins, the council’s cabinet member for climate change, environment, and transport, highlighted the project’s innovative approach to reducing carbon emissions and transforming waste into valuable products.

Shropshire could become the UK’s first council to adopt this model, which is both scalable and replicable, drawing interest from other local councils and international firms.

The pyrolysis plant will utilize advanced technology to convert various feedstocks like wood waste, straw, and manure into biochar.  PET Resin Bottle

This product can improve soil quality, act as a carbon-negative component in materials such as asphalt and concrete, and serve as a filtration medium for air and water. Additionally, the operation will produce Carbon Offset Removal Certificates to verify the reduction of carbon dioxide levels, which will be traded on the global Puro.earth platform. This project not only aims at environmental sustainability but also at creating economic value through innovative waste management solutions.  PET Resin Bottle

 PET Resin Bottle

European BOPP Film Market Prices Witness Stability Amid Demand Shortfall

During the initial two weeks of April, BOPP Film prices in Europe sustained their stable trajectory, although they have remained at elevated levels since the beginning of the year. Similarly, the cost of the feedstock Polypropylene has also shown stability within this timeframe. However, in March 2024, Polypropylene prices experienced a sharp increase of approximately 9%, significantly affecting several downstream sectors, notably the BOPP Film market.  PET Resin Bottle

This notable increase in Polypropylene prices exerted considerable influence on the BOPP Film market, as higher input costs inevitably translated into elevated prices for BOPP Film products. Consequently, stakeholders within the BOPP Film industry faced heightened challenges in managing production costs and maintaining competitive pricing strategies.

The interconnected nature of the supply chain meant that fluctuations in the price of Polypropylene reverberated throughout downstream sectors, amplifying the impact on BOPP Film producers and consumers alike. As such, the sustained high-cost environment underscored the importance of effective cost-management strategies and the necessity for stakeholders to adapt swiftly to evolving market conditions to mitigate adverse effects on profitability and market competitiveness.  PET Resin Bottle

Throughout the first quarter of 2024, European Polypropylene (PP) prices exhibited a consistent upward trajectory, primarily fueled by the persistent scarcity in supply. Additionally, logistical challenges and material constraints have further strained the supply chain, ultimately amplifying the upward pressure on prices.

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European BOPP Film Market Prices Witness Stability Amid Demand Shortfall

 PET Resin Bottle