Indorama-PET – Battery-Waste 31-05-2022

Indorama-PET – Battery-Waste

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

Indorama plans to raise June PET prices in the US again

Indorama plans to raise June prices for polyethylene terephthalate (PET) in the United States by 9 cents / pound (USD198 per ton) amid rising costs of raw materials, the company said in a letter to customers.

The main reason for the increase in prices Indorama called a significant increase in the cost of raw materials, in particular paraxylene.

As Market Report reported earlier, Indorama twice in March prices PET in the US at 4 cents / pound (USD88 per ton) and 5 cents per pound (USD110 per ton), respectively. The main reason for the increase in prices Indorama called a significant increase in raw material costs caused by high crude oil prices.

Earlier it was reported that Indorama Ventures on March 1 closed for repairs the production of PET in the city of Decatur (Decatur, shat Alabama, USA). This enterprise with a capacity of 450 thousand tons of PET per year was closed until April 8.

According to ScanPlast of market Report, in May of this year, the estimated consumption of PET in Russia amounted to 70.17 thousand tons, which corresponds to the level of consumption last year (70.45 thousand tons). In total, for the period January – May of this year, the estimated consumption of PET in the Russian Federation amounted to 304.31 thousand tons of material. This is 3% lower than the same indicator in 2019.  Indorama-PET – Battery-Waste

Indorama-PET - Battery-Waste

-Segregation is Important for Effective Battery Waste Management

The lack of separation, collecting, and transportation of unsegregated mixed garbage to landfills has an influence on the environment.

Waste segregation at the source is crucial for the effective recycling and disposal of battery waste. The lack of separation, collecting, and transportation of unsegregated mixed garbage to landfills has an influence on the environment. The amount of rubbish that ends up in landfills is reduced when waste is segregated. When batteries are separated and processed separately, pollution of the land and water can be significantly reduced. Battery waste must be separated so that it could be properly disposed of. Indorama-PET – Battery-Waste

Going further, waste generation has escalated dramatically in recent decades around the world, with no indications of decreasing. According to Statista, The global Li-ion battery recycling market size was valued approximately 1.3 billion US dollars in 2019 and is predicted to grow to approximately 11 billion US dollars by 2027. This sector’s market size was expected to expand at a compound annual growth rate of roughly 32% between 2020 and 2027. This is attributable to a variety of variables like population increase, urbanization, economic growth, and consumer buying preferences.

Segregation is Important for Effective Battery Waste Management

Indorama plans to raise June PET-prices in the US again

-Segregation is Important for Effective Battery-Waste Management

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Indorama-PET – Battery-Waste

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