Bottle waste recycling
PET Botlle Resin – Plastics continue to experience a decline in Germany
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Crude Oil Prices Trend
Crude Oil Prices Trend by Polyestertime
Battery costs have plummeted, with Goldman Sachs foreseeing a corresponding drop in electric car prices
Lithium battery prices have halved since last summer, reports Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest battery manufacturer. Publicly available prices in early summer 2023 ranged from $110/kWh to $130/kWh, notes Pv Magazine, initially decreasing by a third. Recent data from CnEVPost indicates that major electric vehicle battery purchasers are benefiting from a 50% to 56% price reduction. Leapmotor CEO Cao Li anticipates further drops, potentially reaching 60% to 64% this summer.
According to the Rocky Mountain Institute’s report, ‘X-Change: Batteries – The Battery Domino Effect’, battery costs and energy density follow learning curves. With every doubling of battery production, costs decline by 19%-29%, and energy density increases by 7%-18%. By 2030, battery cell costs could plummet to $32-54 per kWh, with high-end batteries boasting 600-800 Wh/kg. Bottle waste recycling
Technological advancements and raw material price declines underpin this price collapse. Goldman Sachs notes past battery metal price hikes squeezed EV makers’ profits, but now, with supply catching up, prices for metals like nickel and lithium are cooling down. This trend should soon benefit electric vehicle manufacturers.
Goldman Sachs Research forecasts a nearly 40% reduction in battery prices by 2025, potentially achieving cost parity with internal combustion engine cars in certain markets. Long-term projections suggest electric vehicles could seize a significant market share, reaching 50% in the US and 68% in the EU by 2030. Bottle waste recycling
Berry Global increases film recycling capacity in Europe
The expansion will increase the amount of recycled films produced at Berry’s sites in the UK, Germany, and Poland by approximately 6,600 tonnes a year
Berry Global has announced it is increasing its flexible film recycling capacity across three sites in Europe.
The expansion will increase the amount of recycled films produced at Berry’s Heanor (UK), Steinfeld (Germany), and Zdzieszowice (Poland) plants by approximately 6,600 tonnes a year. Berry’s Heanor and Steinfeld flexible film plants are both certified as diverting over 99% of waste from landfill. Bottle waste recycling
The move is part of a pan-European project to expand production of Berry’s Sustane range of recycled polymers, part of its BPI packaging solutions. The product line has diverse film applications, from bags and stretch hoods to shrink wrap. On its website, Berry introduces the range as a way to avoid the UK’s plastic tax on material that does not contain at least 30% recycled plastic.
The packaging manufacturer aims to achieve 30% recycled content options across all its European flexible films by 2025. That will place it well above the recycling content targets set out in the EU’s Packaging and Packaging Waste Regulation (PPWR). Bottle waste recycling
Trade Disturbances Lead MEG prices to Rise in the US and Europe in Early March 2024
In the complex landscape of global markets, the month of March 2024 witnessed a mix sentiment in the United States’ Mono Ethylene Glycol (MEG) market. After a sudden incline, this week expressed declination, marked a 0.8% reduction in MEG prices compared to the previous week, which is primarily attributed to a slight decrease in demand from the MEG downstream Polyethylene Terephthalate (PET) manufacturing industries. The reduction in demand observed from the areas such as PET bottle and food packaging sectors, influencing the general market sentiments. Concurrently, the prices of feedstock Ethylene Oxide experienced a surge of USD 10/MT during the same period, exerting additional pressure on MEG manufacturers’ margins. Bottle waste recycling
The geopolitical tensions following the Ukrainian drone attack on Russian oil refineries contributed to the escalation of crude oil market prices. This recent event, coupled with disruptions in marine logistics due to incidents in the red sea, further enhanced challenges in the supply chain. As per the recent data (early March 2024), a hike of around 7-8% was observed in freight charges across US to China trade route in comparison to the last month. Bottle waste recycling
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The Environmental Services Association (ESA) and British Plastics Federation (BPF) have jointly launched PlasticRecyclingFacts.org to address confusion about plastic recycling
The campaign was designed to increase consumer confidence in recycling by using online influencers and social media content together with an information hub to educate consumers.
“By demystifying the process, we hope to show that recycling isn’t just a black hole or wishful thinking – it’s a thriving industry and a vital part of solving the world’s environmental challenges,” said ESA executive director Jacob Hayler.
A survey commissioned by the two organisations found 60% of adults claimed to ‘always’ recycle plastic, with another 34% ‘usually’ did so. There were 61% of respondents who were confident their recycled plastic gets processed correctly. Bottle waste recycling
The ESA and BPF said, however, that “stagnant national recycling performance figures don’t align with these high self-reported rates”.
Time pressures and confusion over which plastics can be recycled at home were the two main barriers to greater recycling volumes.
Industry tries to ‘demystify’ plastic recycling
The Environmental Services Association (ESA) and British Plastics Federation (BPF) have jointly launched PlasticRecyclingFacts.org to address confusion about plastic recycling.
The campaign was designed to increase consumer confidence in recycling by using online influencers and social media content together with an information hub to educate consumers. Bottle waste recycling
“By demystifying the process, we hope to show that recycling isn’t just a black hole or wishful thinking – it’s a thriving industry and a vital part of solving the world’s environmental challenges,” said ESA executive director Jacob Hayler.
A survey commissioned by the two organisations found 60% of adults claimed to ‘always’ recycle plastic, with another 34% ‘usually’ did so. There were 61% of respondents who were confident their recycled plastic gets processed correctly. Bottle waste recycling
The ESA and BPF said, however, that “stagnant national recycling performance figures don’t align with these high self-reported rates”.
Time pressures and confusion over which plastics can be recycled at home were the two main barriers to greater recycling volumes.
BP increases stake in AREH hydrogen project; Macquarie withdraws
BP increases its share in the substantial AREH hydrogen plan as Macquarie departs. Macquarie Group of Australia has sold its 15% stake in the Australian Renewable Energy Hub (AREH) project, a significant initiative for green hydrogen production in Western Australia, supported by 26 GW of wind and solar power capacity. Bottle waste recycling
BP Plc (LON:BP), already the primary investor and operator, acquired Macquarie’s interest. Robert Dunlop, Macquarie Capital’s global head of Resources, confirmed the exit in a LinkedIn post, without disclosing financial specifics.
BP’s share now stands at 63.57% in the AREH venture, with Intercontinental Energy and CWP Global holding 26.39% and 10.04%, respectively. Bottle waste recycling
Formerly named the Asian Renewable Energy Hub, AREH aims to establish one of the world’s largest renewable and green hydrogen centers. Located in the Pilbara region, it will undergo phased development and reach a full capacity of producing 1.6 million tonnes of green hydrogen or 9 million tonnes of green ammonia annually.
Bottle waste recycling
Banning plastic bottles – Sabic introduces LNP Elcres SLX1271SR, a PC-based grade in the LNP SLX family offering scratch and UV resistance 16-03-2024
