Bright-PET chips – EXCLUSIVE-Eni exploring sale of stake in bioplastic maker Novamont 18-12-2023
“The right choice for your production”
Bright-PET chips
- 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
Bright-PET chips
| Polyestertime | |||
| ITEM | 11/12/2023 | 18/12/2023 | +/- |
| Bottle grade PET chips domestic market | 6,800 yuan/ton | 6,800 yuan/ton | – |
| Bottle grade PET chips export market | 875 $/ton | 875 $/ton | – |
| Filament grade Semidull chips domestic market | 6,620 yuan/ton | 6,620 yuan/ton | – |
| Filament grade Bright chips domestic market | 6,650 yuan/ton | 6,640 yuan/ton | -10 |
| Pure Terephthalic Acid PTA domestic market | 5,715 yuan/ton | 5,655 yuan/ton | -60 |
| Pure Terephthalic Acid PTA export market | 700 $/ton | 700 $/ton | –
|
| Monoethyleneglycol MEG domestic market | 4,065 yuan/ton | 4,160 yuan/ton | +95 |
| Monoethyleneglycol MEG export market | 480 $/ton | 492 $/ton | +12 |
| Paraxylene PX FOB Taiwan market
Bright-PET chips |
974 $/ton | 982 $/ton |
+8 |
| Paraxylene PX FOB Korea market | 951 $/ton | 959 $/ton | +8 |
| Paraxylene PX FOB EU market | 1,030 $/ton | 1,005 $/ton | -25 |
| Polyester filament POY 150D/48F domestic market | 7,425 yuan/ton | 7,400 yuan/ton |
-25 |
| Recycled Polyester filament POY domestic market | 7,500 yuan/ton | 7,500 yuan/ton | – |
| Polyester filament DTY 150D/48 F domestic market | 8,850 yuan/ton | 8,820 yuan/ton | -30 |
| Polyester filament FDY 68D24F
Bright-PET chips |
8,800 yuan/ton | 8,800 yuan/ton | – |
| Polyester filament FDY 150D/96F domestic market | 8,050 yuan/ton | 8,100 yuan/ton | +50 |
| Polyester staple fiber 1.4D 38mm domestic market | 7,200 yuan/ton | 7,180 yuan/ton | -20 |
| Caprolactam CPL domestic market | 12,850 yuan/ton | 13,000 yuan/ton |
+150 |
| Caprolactam CPL overseas market | 1,600 $/ton | 1,600 $/ton | – |
| Nylon 6 chips overseas market | 1,850 $/ton | 1,850 $/ton | – |
| Nylon 6 chips conventional spinning domestic market | 13,750 yuan/ton | 13,950 yuan/ton | +200 |
| Nylon 6 chips high speed spinning domestic market
Bright-PET chips |
14,150 yuan/ton | 14,250 yuan/ton | +100 |
| Nylon 6.6 chips domestic market | 19,800 yuan/ton | 19,600 yuan/ton | -200 |
| Nylon6 Filament POY 86D/24F domestic market | 16,250 yuan/ton | 16,350 yuan/ton | +100 |
| Nylon6 Filament DTY 70D/24F domestic market | 18,400 yuan/ton | 18,500 yuan/ton- | +100 |
| Nylon6 Filament FDY 70D/24F | 17,100 yuan/ton | 17,050 yuan/ton | -50 |
| Spandex 20D domestic market
Bright-PET chips |
35,000 yuan/ton | 35,000 yuan/ton | – |
| Spandex 30D domestic market | 33,500 yuan/ton | 33,500 yuan/ton | – |
| Spandex 40D domestic market | 30,500 yuan/ton | 30,500 yuan/ton | – |
| Adipic Acid domestic market | 8,700 yuan/ton | 8,650 yuan/ton | -50 |
| Benzene domestic market
Bright-PET chips |
6,970 yuan/ton | 7,000 yuan/ton | +30 |
| Benzene overseas market | 842 $/ton | 866 $/ton | +24 |
| Ethylene South East market | 890 $/ton | 850 $/ton | -40 |
| Ethylene NWE market | 744 $/ton | 744 $/ton | – |
| Acrylonitrile ACN domestic market
Bright-PET chips |
9,700 yuan/ton | 9,700 yuan/ton | – |
| Acrylonitrile ACN overseas market | 1,200 $/ton | 1,200 $/ton | – |
| Acrylic staple fiber ASF domestic market | 14,600 yuan/ton | 14,600 yuan/ton | – |
| Viscose Staple Fiber VSF domestic market | 12,900 yuan/ton | 12,800 yuan/ton | -100 |
| PP Powder domestic market
Bright-PET chips |
7,300 yuan/ton | 7,300 yuan/ton | – |
| Naphtha overseas market | 641 $/ton | 683 $/ton | +42 |
| Phenol domestic market | 7,742 yuan/ton | 7,862 yuan/ton | +120 |
r-PET high end eco-friendly chips =7,900 yuan/ton — 7,900 yuan/ton –
- Polyester Feedstocks – ‘Biodegradable’ plastic bags failing in Beijing – Nylon filament and its feedstock isn’t strong 11-12-2023
- New enzyme technology for environmentally friendly plastic recycling
Bright-PET chips
EXCLUSIVE-Eni exploring sale of stake in bioplastic maker Novamont
Eni is reportedly exploring the possibility of selling a minority stake in its bioplastic subsidiary, Novamont, engaging in discussions with potential investors, in a move that could value the bioplastic giant at approximately €1 billion ($1.1 billion).
Earlier this year, Eni expanded its chemical portfolio by acquiring the remaining 64% of Novamont, previously held by private equity funds Investitori Associati II and NB Renaissance. Bright-PET chips
Eni now aims to expedite Novamont’s growth by seeking partnerships with investors, potentially enhancing the sustainability of its overall chemical business and increasing exposure to the circular economy sector.
Novamont, located in Piedmont and owned through Eni’s chemical unit, Versalis, stands as the global leader in bioplastic production. Noteworthy investors expressing interest in the prospective deal include Norway’s private equity fund HitecVision and U.S. fund Blackstone. Discussions remain in their early stages, and Eni has not yet determined the exact stake size for potential sale.
In contrast to traditional plastics, predominantly derived from fossil fuels and posing environmental challenges, bioplastics such as Novamont’s MATER-BI are made from natural or renewable sources and boast biodegradable properties. Novamont’s extensive patent portfolio, with over 1,400 patents and applications, underscores its commitment to advancing sustainable alternatives in the bioplastic industry. Bright-PET chips
EPA Begins Process to Prioritize Five Chemicals for Risk Evaluation Under Toxic Substances Control Act
Today, the U.S. Environmental Protection Agency (EPA) announced that it is beginning the process to prioritize five additional toxic chemicals for risk evaluation under the nation’s premier chemical safety law. If, during the 12-month long statutory process, EPA designates these five chemicals as High Priority Substances, EPA will then begin risk evaluations for these chemicals. Bright-PET chips
EPA plans to prioritize the following chemicals for risk evaluation under the Toxic Substances Control Act (TSCA):
- Acetaldehyde (CASRN 75-07-0),
- Acrylonitrile (CASRN 107-13-1),
- Benzenamine (CASRN 62-53-3),
- 4,4’-Methylene bis(2-chloroaniline) (MBOCA) (CASRN 101-14-4), and
- Vinyl Chloride (CASRN 75-01-4).
“Under the Biden-Harris Administration, EPA has made significant progress implementing the 2016 amendments to strengthen our nation’s chemical safety laws after years of mismanagement and delay. Today marks an important step forward,” said Assistant Administrator for the Office of Chemical Safety and Pollution Prevention Michal Freedhoff. Bright-PET chips
“Moving forward to comprehensively study the safety these five chemicals that have been in use for decades is key to better protecting people from toxic exposure.”
“Most vinyl chloride is used to make polyvinyl chloride (PVC) plastic, which poses significant health and environmental problems that have been known for over 50 years. This is one of the most important chemical review processes ever undertaken by the EPA. I applaud the EPA for launching this review,” said Judith Enck, President of Beyond Plastics and former EPA Regional Administrator.
This step is consistent with a commitment from the Biden-Harris Administration to understand and address environmental and toxic exposures as part of the Cancer Moonshot’s mission to end cancer as we know it, and as progress on delivering environmental justice. Bright-PET chips
