Algae-based plastic – Study reveals nearly 60 companies to be responsible for half of world’s plastic pollution: ‘The industry likes to put the responsibility on the individual’13-05-2024

algae-based plastic

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

R-PET Bottles Prices – Michael Heinz, CEO of BASF Corp, addressed the need for a more sustainable plastics industry during his keynote at NPE2024 

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algae-based plastic

A review by the Chinese Academy of Sciences has spotlighted advanced recycling techniques for Polyethylene terephthalate (PET) plastic, a material known for its durability and resistance to natural degradation

With oer 82 million metric tons produced annually for items like bottles and packaging, PET is a major environmental concern due to its contribution to global plastic waste.

The study highlights innovative biotic and abiotic methods to recycle and upcycle PET, turning waste into valuable materials. PET plastic, used extensively in packaging due to its clarity, strength, and barrier properties, is now at the center of environmental issues. It can persist for centuries if not properly disposed of, leading to pollution and potential health risks due to chemical leaching.  algae-based plastic

The groundbreaking review proposes a dual strategy for PET recycling, combining microbial and chemical catalysis to decompose PET into monomers such as terephthalic acid and ethylene glycol. These can be repurposed to create new PET or converted into high-value products like muconic acid, vanillin, and adipic acid. Techniques like enzymatic breakdown with engineered microbes and advanced catalysis are not only enhancing recycling efficiency but also promoting the upcycling of PET into economically beneficial products, marking a significant step towards sustainable industrial practices.

This approach could lead to substantial reductions in energy consumption and greenhouse gas emissions.  algae-based plastic

algae-based plastic

Global PP Market Turns Bearish in April with Cheap Raw Materials and High Supply

In the month of April 2024, the United States Polypropylene (PP) market experienced a period of stability, maintaining consistent prices. However, the first week of May marked a shift in this trajectory as prices began to decline. This downward trend was primarily driven by sluggish demand from key downstream industries, notably the automobile and construction sectors. Reduced car sales and decreased activity levels in commercial and civil engineering projects contributed to weakening demand for PP. Over the course of April, the price of PP decreased by approximately 2.2%, influenced by factors such as lower production costs due to cheaper feedstock Propylene, subdued demand from downstream industries, destocking activities, and ample material availability within the country.  algae-based plastic

Furthermore, the decrease in freight rates between Asia to North America and other routes during the month further supported the declining price trend for PP in the US market.

Similarly, the Brazilian PP market also witnessed a downward trajectory in the first week of May, influenced by ample product availability within the country, largely attributed to the influx of cheaper imports from the USA.

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algae-based plastic

Nordson’s New Melt Filter and Automated Die Lip Adjustment Make U.S. Debut at NPE 2024

Nordson Corp.’s Polymer Processing Systems (PPS) division, a leading global supplier of polymer and fluid coating die systems, pelletizers, and melt delivery systems will showcase its latest innovations at the NPE 2024 exhibition May 6-10 at the Orange County Convention Center in Orlando, Fla. (Booths #W8189, W8289). Making their U.S. debut at NPE are the BKG® HiCon™ K-SWE-HD/RS melt filter which helps film and sheet producers use more recycled materials, and the EDI® Prodigi™ automated lip adjustment system for EDI® extrusion and fluid coating dies.  algae-based plastic

“These newest technology innovations are emblematic of our focus on delivering the most efficient, productive, and environmentally sustainable solutions to help OEMs and manufacturers meet today’s most demanding production requirements,” said Andreas Wenzel, Nordson’s PPS division vice president.

Nordson’s PPS division is optimistic about the U.S. economy and is well positioned for a solid 2024, leveraging its innovation and technology in key market segments.

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Nordson's New Melt Filter and Automated Die Lip Adjustment Make U.S. Debut at NPE 2024

Innovative Bottles, a California-based company, has launched a new line of bioplastic medicine bottles branded as ECO Vials, made using Luminy PLA (polylactic acid) sourced from TotalEnergies Corbion

These bottles are FDA-approved and are designed to offer a sustainable alternative in pharmaceutical packaging with significant environmental advantages. The PLA-based bottles not only have a lower carbon footprint but also boast features such as reusability, industrial compostability, and mechanical recyclability, provided the necessary infrastructure is available.  algae-based plastic

The use of PLA in these bottles meets the stringent safety and durability standards required in the medical sector. This includes the ability to undergo sterilization by accelerated electrons (E-Beam), ensuring they are safe for medical use. The manufacturer also highlights that the physical and mechanical properties of Luminy PLA are on par with traditional plastics like polystyrene, polyolefins, and PET, which are commonly used in the industry.

This innovation comes at a critical time, as medical waste management is a significant concern. In the United States alone, over 5.9 million tons of medical waste are generated annually, with more than half deriving from single-use plastics. By introducing biodegradable alternatives like PLA, Innovative Bottles aims to reduce the environmental impact of medical waste significantly.  algae-based plastic

Innovative Bottles, a California-based company, has launched a new line of bioplastic medicine bottles branded as ECO Vials, made using Luminy PLA (polylactic acid) sourced from TotalEnergies Corbion

Study reveals nearly 60 companies to be responsible for half of world’s plastic pollution: ‘The industry likes to put the responsibility on the individual’

A new study has highlighted the considerable role that major brands are playing in a plastic-polluted world after researchers traced the bulk of the waste to nearly 60 companies.

What’s happening?

Analysis published in the journal Science Advances revealed that 56 companies caused more than 50% of global plastic waste in 84 countries over a five-year span from 2018 to 2022.

The rest of the plastic had no discernable branding, raising potential questions about company reporting practices.  algae-based plastic

“This shows very, very, very well the need for transparency and traceability,” Stockholm Resilience Centre plastic pollution researcher Patricia Villarrubia-Gómez, one of the study’s authors, told The Guardian.

The study notes that five brands accounted for 24% of branded waste, with 11% of that total being connected back to the Coca-Cola Company. PepsiCo, Nestlé, Danone, and Altria rounded out the top five.  algae-based plastic

Study reveals nearly 60 companies to be responsible for half of world's plastic pollution: 'The industry likes to put the responsibility on the individual'

Scientists at the University of California, San Diego, in collaboration with Algenesis Materials, have developed a groundbreaking algae-based plastic

This new material, composed of a bio-based polyurethane polymer, is fully biodegradable and decomposes completely within seven months without forming harmful microplastics. Traditional plastics, derived from petroleum, can take centuries to degrade and often fragment into microplastics, which persist in the environment.

The research, published in Scientific Reports, illustrates that this innovative polymer can be broken down by microbes naturally present in compost.

This discovery confirms the potential of using single-strain bacteria to facilitate complete biodegradation.  algae-based plastic

Researchers conducted tests where they observed a significant reduction in material mass over time. After 90 days of aerobic composting, there was a 68% decrease, and by 200 days, the reduction reached 97%. Such findings underscore the feasibility of replacing conventional plastics with more sustainable, bio-based alternatives.

Despite these promising results, the adoption of algae-based plastics faces economic hurdles. The costs associated with establishing sufficient algae farming infrastructure are currently high compared to the extraction of petroleum.  algae-based plastic

Scientists at the University of California, San Diego, in collaboration with Algenesis Materials, have developed a groundbreaking algae-based plastic

algae-based plastic

Spandex capacity growth – Recupero Etico Sostenibile (RES) has partnered with Dutch company BlueAlp to establish a chemical recycling plant in Pettoranello del Molise, Italy, targeting operations by 2026 11-05-2024

R-PET Bottles Prices – Michael Heinz, CEO of BASF Corp, addressed the need for a more sustainable plastics industry during his keynote at NPE2024 13-05-2024

R-PET Bottles Prices

R-PET Bottles 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 

R-PET Bottles Prices

R-PET Bottles Prices

 

Polyestertime
ITEM 06/05/2024 13/05/2024 +/-
Bottle grade PET chips domestic market 7,000 yuan/ton 6,950 yuan/ton -50
Bottle grade PET chips export market 890 $/ton 885 $/ton -5
Filament grade Semidull chips domestic market 6,820 yuan/ton 6,840 yuan/ton +20
Filament grade Bright chips domestic market 6,840 yuan/ton 6,860 yuan/ton +20
Pure Terephthalic Acid PTA domestic market

R-PET Bottles Prices

5,835 yuan/ton 5,770 yuan/ton
-65
Pure Terephthalic Acid PTA export market 720 $/ton 705 $/ton -15
Monoethyleneglycol MEG domestic market 4,370 yuan/ton 4,330 yuan/ton
-40
Monoethyleneglycol MEG export market 513 $/ton 508 $/ton -5
Paraxylene PX FOB  Taiwan market 1,024 $/ton 1,012 $/ton
-12
Paraxylene PX FOB  Korea market 1,002 $/ton 990 $/ton -12
Paraxylene PX FOB EU market 1,140 $/7on 1,130 $/ton -10
Polyester filament POY 150D/48F domestic market 7,500  yuan/ton 7,450 yuan/ton
-50
Recycled Polyester filament POY  domestic market 7,550 yuan/ton 7,400 yuan/ton -150
Polyester filament DTY 150D/48 F domestic market 9,000 yuan/ton 8,975 yuan/ton -25
Polyester filament FDY 68D24F 8,850 yuan/ton 8,800 yuan/ton -50
Polyester filament FDY 150D/96F domestic market

R-PET Bottles Prices

8,100 yuan/ton 8,050 yuan/ton -50
Polyester staple fiber 1.4D 38mm domestic market 7,420 yuan/ton 7,400 yuan/ton -20
Caprolactam CPL domestic market 12,700 yuan/ton 13,050 yuan/ton
+350
Caprolactam CPL overseas  market 1,620 $/ton 1,620 $/ton
Nylon 6 chips overseas  market 1,890 $/ton 1,890 $/ton
Nylon 6 chips conventional spinning domestic  market 14,150 yuan/ton 14,300  yuan/ton +150
Nylon 6 chips  high speed spinning domestic  market 14,350 yuan/ton 14,650 yuan/ton +300
Nylon 6.6 chips domestic  market

R-PET Bottles Prices

21,800 yuan/ton 21,600 yuan/ton -200
Nylon6 Filament POY 86D/24F domestic  market 16,600 yuan/ton 16,800 yuan/ton +200
Nylon6 Filament DTY 70D/24F domestic  market 18,900 yuan/ton 19,100 yuan/ton +200
Nylon6 Filament FDY  70D/24F  17,900 yuan/ton 18,100 yuan/ton +200
Spandex 20D  domestic  marke 33,000 yuan/ton 33,000 yuan/ton
Spandex 30D  domestic  market 31,500 yuan/ton 31,500 yuan/ton
Spandex 40D  domestic  market  28,500 yuan/ton 28,500 yuan/ton
Adipic Acid domestic market

R-PET Bottles Prices

9,600 yuan/ton 9,700 yuan/ton +100
Benzene domestic market 8,730 yuan/ton 8,800 yuan/ton +70
Benzene overseas  market 1,042 $/ton 1,043 $/ton +1
Ethylene South East market 1,000 $/ton 980 $/ton -20
Ethylene NWE market CIF 808 $/ton 777 $/ton -31
Acrylonitrile ACN  domestic market 10,700 yuan/ton 10,500 yuan/ton -200
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market

R-PET Bottles Prices

14,600 yuan/ton 14,600 yuan/ton
Viscose Staple Fiber VSF  domestic market 13,000 yuan/ton 12,950 yuan/ton -50
PP Powder domestic market 7,200 yuan/ton 7,200 yuan/ton
Naphtha overseas market  681 $/ton 681 $/ton
Phenol domestic market 8,137 yuan/ton 7,860 yuan/ton -277

r-PET high end eco-friendly chips =8,300 yuan/ton 8,250 yuan/ton   -50

R-PET Bottles Prices

Michael Heinz, CEO of BASF Corp, addressed the need for a more sustainable plastics industry during his keynote at NPE2024

He highlighted the dual aspects of plastics, acknowledging their role in advancing technology like electric vehicles and wind turbines, but also pointed out the low recycling rates, with only 9% of plastics being recycled. Heinz emphasized the need for industry-wide cooperation with NGOs and governments to enhance sustainability.

Heinz has led BASF’s North American operations since 2021, overseeing 16,000 employees. He has been part of BASF for over four decades and has been a board member since 2011. R-PET Bottles Prices

During his speech, he underscored the financial challenges of sustainability, noting that achieving it requires significant capital investments. He pointed out that although there is growing consumer support for sustainable products, only about 20% are willing to pay the higher prices these products necessitate.

The CEO also discussed ongoing global negotiations aimed at reducing plastic pollution, expressing optimism about reaching a meaningful agreement. BASF is actively participating in these discussions, aiming to shape the outcomes toward more sustainable practices. R-PET Bottles Prices

At the trade show, BASF showcased several innovations, including using chemically recycled monomers for creating new plastics. This process involves pyrolysis, which breaks down plastic waste into monomers that can be reused. Heinz stressed the need to educate stakeholders about this technology to overcome misconceptions and facilitate its acceptance.

Additionally, BASF has been working on recycling nylon fibers, collaborating with Zara to produce jackets made entirely from recycled nylon, which quickly sold out. This initiative is part of BASF’s broader efforts to reduce the carbon footprint of products, such as Adidas shoes, through materials that lower carbon dioxide emissions. R-PET Bottles Prices

Heinz also touched on BASF’s commitments to renewable energy, noting that the company produces about 50% of its own power, often more efficiently than national grids. He announced further investments in wind energy, aligning with BASF’s goal to generate 60% of its energy from renewable sources by 2030.

Concluding his address, Heinz reiterated that sustainability is imperative for the industry, encouraging attendees to collaborate and innovate towards greener manufacturing and products. He described sustainability as essential for continued relevance and success in the industry.  R-PET Bottles Prices

Michael Heinz, CEO of BASF Corp, addressed the need for a more sustainable plastics industry during his keynote at NPE2024

The Plastics Recycling Show (PRS) Europe, slated for June 19-20 in Amsterdam, has unveiled its comprehensive conference agenda

This event will explore a spectrum of the most recent political, legislative, market, and technological innovations in plastics recycling.

The lineup of newly confirmed speakers features:

  • Kris Renwick from Reckitt in Slough, England, discussing corporate sustainability in packaging;
  • Balthazar Verlet-Banide from Decathlon in Villeneuve-d’Ascq, France, on circularity projects;  R-PET Bottles Prices
  • Mark Roberts from Berry Global in Evansville, Indiana, on circular value chains;
  • Freek Bakker from PreZero in Arnhem, Netherlands, on plastics value chains;
  • Bart Dautzenberg from Saudi Basic Industries Corporation (SABIC) in Riyadh, Saudi Arabia, on sustainability projects;
  • Yvonne van Veen from Ineos Styrolution in Frankfurt, Germany, on advocacy; and
  • Dominik Spancken from the Fraunhofer Institute in Darmstadt, Germany, discussing resource-efficient composites.  R-PET Bottles Prices

The conference will delve into crucial topics such as the implications of the new Packaging and Packaging Waste Regulation (PPWR), strategies to meet recycled content goals, and the latest on chemical recycling. Panel discussions are set to cover methods for improving collection and sorting, design for recycling, and global updates on plastic circularity. Special focus sessions will address the recycling challenges and opportunities for various plastic streams including PET, PO films, PVC, HDPE, PP, as well as waste from end-of-life vehicles (ELVs) and electrical and electronic equipment (WEEE).  R-PET Bottles Prices

The Plastics Recycling Show (PRS) Europe, slated for June 19-20 in Amsterdam, has unveiled its comprehensive conference agenda