Masterhatches Colors – Wood, a global leader in consulting and engineering, has secured a Project Management Consultancy (PMC) contract for the development of Turkey’s largest polypropylene plant and its associated terminal facility. This milestone is part of the ambitious Ceyhan Project, located in the Adana province’s industrial hub 25-08-2025
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| Polyestertime | |||
| ITEM | 18/08/2025 | 25/012025 | +/- |
| Bottle grade PET chips domestic market | 5,890 yuan/ton | 6,000 yuan/ton | +110 |
| Chinese bottle‑grade PET chips FOB export price
|
775 $/ton | 770 $/ton | -5 |
| LDPE CFR Est China | 1,085 $/ton | 1,085 $/ton | – |
| PET Semidull Fiber chips PET Bright | 5,800 yuan/ton
5,850 yuan/ton |
5,890 yuan/ton
5,960 yuan/ton |
+90
+110 |
| Pure Terephthalic Acid PTA domestic market
|
4,660 yuan/ton | 4,880 yuan/ton |
+220 |
| Pure Terephthalic Acid PTA FOB China | 610 $/ton | 610 $/ton | – |
| Monoethyleneglycol MEG South China | 4,500 yuan/ton | 4,540 yuan/ton |
+40 |
| Monoethyleneglycol MEG CFR China | 523 $/ton | 524 $/to | +1 |
| Paraxylene PX FOB Taiwan market | 805 $/ton | 834 $/ton |
+29 |
| Paraxylene PX FOB South-Korea market | 806 $/ton | 835 $/ton | +29 |
| Paraxylene PX FOB EU market | 858 $/ton | 887 $/ton | +29 |
| Polyester filament POY 150D/48F domestic market | 6,775 yuan/ton | 6,875 yuan/ton |
+100 |
| Recycled Polyester filament POY domestic market | 6,100 yuan/ton | 6,100 yuan/ton | – |
| Polyester filament DTY 150D/48 F domestic market | 7,975 yuan/ton | 8,050 yuan/ton | +75 |
| Polyester filament FDY 68D24F | 7,800 yuan/ton | 7,850 yuan | +50 |
| Polyester filament FDY 150D/96F domestic market
|
7,100 yuan/ton | 7,125 yuan/ton | +25 |
| Polyester staple fiber 1.4D 38mm domestic market | 6,550 yuan/ton | 6,690 yuan/ton | +140 |
| Caprolactam CPL domestic market | 8,800 yuan/ton | 8,750 yuan/ton |
-50 |
| Caprolactam CPL CFR China | 1,050 $/ton | 1,100 $/ton | +50 |
| Nylon 6 chips overseas market | North America: $2.59/kg
Europe: $2.45/kg Northeast Asia: $1.47/kg Southeast Asia: $1.86/kg Middle East: $1.66/kg |
North America: $2.59/kg
Europe: $2.45/kg Northeast Asia: $1.47/kg Southeast Asia: $1.86/kg Middle East: $1.66/kg |
– |
| Nylon 6 chips conventional spinning domestic market | 9,450 yuan/ton | 9,450 yuan/ton | – |
| Nylon 6 chips high speed spinning domestic market | 9,850 yuan/ton | 9,850 yuan/ton | – |
| Nylon 6.6 chips domestic market | 15,200 yuan/ton | 15,200 yuan/ton | – |
| Nylon6 Filament POY 86D/24F domestic market | 11,850 yuan/ton | 11,750 yuan/ton | -100 |
| Nylon6 Filament DTY 70D/24F domestic market | 14,050 yuan/ton | 13,950 yuan/ton | -100 |
| Nylon6 Filament FDY 70D/24F | 12,600 yuan/ton | 12,400 yuan/ton | -200 |
| -Spandex 20D domestic marke | 26,700 yuan/ton | 26,700 yuan/ton | – |
| Spandex 30D domestic market | 26,200 yuan/ton | 26,200 yuan/ton | – |
| Spandex 40D domestic market | 23,000 yuan/ton | 23,000 yuan/ton | – |
| Adipic Acid China domestic market | 7,300 yuan/ton | 7,250 yuan/ton | -50 |
| Benzene domestic market East China | 6,130 yuan/ton | 6,110 yuan/ton | -20 |
| Benzene CFR China | 754 $/ton | 749 $/ton | -5 |
| Ethylene South East market | 820 $/ton | 820 $/ton | – |
| Ethylene NWE market CIF | 856 $/t | 822 $/ton | -34 |
| Acrylonitrile ACN domestic market | 8,250 yuan/ton | 8,250 yuan/ton | – |
| Acrylonitrile ACN Acrylonitrile Southeast Asia | 1,110 $/ton |
1,110 $/ton |
– |
| Acrylic staple fiber ASF CFR China | 13,540 yuan/ton | 13,540 yuan/ton | – |
| VSF viscose staple fiber | 12,950 yuan/ton | 12,950 yuan/ton | – |
| PP Powder domestic market | 6,780 yuan/ton | 6,765 yuan/ton | -15 |
| Naphtha overseas market | 552 $/ton | 558 $/ton | +6 |
| Phenol domestic market
Jinan Dezheng Chemical Co., LtdYanshan Petrochemical Shandong Province |
6,700 yuan/ton | 6,850 yuan/ton | +150 |
-recycled PET = 4,300 yuan/ton — 4,300 yuan/ton –
- Plastic Pollution – Plastic Pollution Treaty Talks Collapse as Oil States Oppose Global Agreement Global hopes for a landmark treaty to end plastic pollution suffered a major blow in Geneva as negotiations collapsed on Friday 18-08-2025
- New enzyme technology for environmentally friendly plastic recycling
Masterhatches Colors
?Wood Bags PMC Contract for Turkey’s Largest Polypropylene Plant
Date: August 25, 2025
? Project Overview
Wood, a global leader in consulting and engineering, has secured a Project Management Consultancy (PMC) contract for the development of Turkey’s largest polypropylene plant and its associated terminal facility. This milestone is part of the ambitious Ceyhan Project, located in the Adana province’s industrial hub.
The plant is designed to sustainably produce 472,500 tons of polypropylene annually, significantly boosting Turkey’s petrochemical production capacity and reducing reliance on imports.
? Strategic Importance for Turkey
Polypropylene is one of the world’s most widely used polymers, essential in packaging, textiles, automotive components, and countless everyday products. Currently, Turkey relies heavily on imported polypropylene to meet domestic demand. Masterhatches Colors
Once completed, the new plant will cover 17% of Turkey’s polypropylene demand, tripling domestic production capacity and strengthening the country’s self-sufficiency in petrochemicals.
? Sustainability Focus
The plant’s design emphasizes low-carbon operations and clean energy adoption:
- ⚡ 100% renewable electricity will power operations.
- ? Hydrogen fuel produced internally will be used to reduce fossil fuel dependency. Masterhatches Colors
- ? The project aims to significantly cut carbon emissions, setting a new benchmark for sustainable petrochemical production in the region.
“The demand for a more sustainable chemical industry is accelerating, and the Ceyhan Project is leading the way by powering the facility with renewable energy to reduce the carbon impact of critical chemicals production.”
— Gerry Traynor, President of Projects Eastern Hemisphere, Wood
? Economic Impact & Partnerships
The project is a joint venture between major international and local players:
- Rönesans Holding (Turkey) – Investment and contracting partner
- Sonatrach (Algeria) – National energy company contributing expertise
- Stolt-Nielsen (Global) – Partner for terminal storage and distribution
Contracts awarded to Wood are valued at $18 million over three years, covering the engineering, procurement, and construction (EPC) phase for the plant and the terminal facility. Masterhatches Colors
? Wood’s Role as PMC Partner
Wood is deploying 70+ project management experts to oversee the EPC process. Their responsibilities include:
- ? Supervising engineering, procurement, and construction activities
- ? Ensuring sustainability standards are upheld
- ?️ Managing risks, schedules, and cost controls
- ? Coordinating between international partners
This expertise ensures that the project remains on track, both technically and financially, while meeting sustainability goals. Masterhatches Colors
⚓ The Terminal Facility
Beyond the polypropylene plant, a strategic terminal facility is also under development. Its purpose is to:
- ?️ Handle propane storage and distribution
- ? Leverage its location near major ports and petrochemical hubs
- ? Enhance supply chain efficiency for raw materials and exports
This facility will act as a logistics backbone, ensuring steady feedstock supply and reliable export channels. Masterhatches Colors
? Future Outlook
Upon completion, the Ceyhan Project will not only boost Turkey’s industrial independence but also position the nation as a regional petrochemical leader. By integrating sustainability at its core, the project reflects global trends where industrial growth must align with climate responsibility.
With renewable-powered operations and international collaboration, this initiative sets a precedent for future chemical plants worldwide.
Brazil’s PET Recycling in 2024: Growth, Challenges, and Future Insights
Overview of PET Recycling in Brazil
In 2024, Brazil recycled 410,000 tonnes of post-consumer PET, marking a 14.2% increase compared to 2021. Masterhatches Colors
This achievement highlights the resilience of the country’s recycling sector, particularly in the face of economic and logistical challenges.
The Brazilian PET Industry Association (ABIPET) commissioned a survey involving 142 companies, representing 84% of national PET recycling output. Key participants included industry leaders such as Valgroup, Krones, Indorama Ventures, Husky, Gneuss, Amcor, and Cirklo.
Bottle-to-Bottle Recycling Takes the Lead
For the first time, bottle-to-bottle recycling emerged as the largest application of recycled PET in Brazil. Bottle preforms and bottles accounted for 37% of recycled PET usage—up from 29% in 2021 and 24% in 2019. Masterhatches Colors
Applications of Recycled PET
Beyond bottle-to-bottle production, recycled PET (rPET) found its way into several industries:
| Application | Share of rPET in 2024 |
|---|---|
| Textiles | 24% |
| Chemicals | 13% |
| Coils & Sheets | 13% |
| Strapping Tapes | 10% |
This diversification strengthens the market for rPET, making it less vulnerable to demand fluctuations in a single sector. Masterhatches Colors
The Value Chain and Waste Collection
The recycled PET value chain generated BRL 5.66 billion (€893 million) in 2024. However, without a centralized waste collection system, Brazil relies heavily on informal waste workers.
Key contributions in PET waste collection included:
- Scrap dealers: 54% of PET feedstock
- Cooperatives: 33%
- Individual collectors: 2%
Together, these groups captured 59% of recycling revenues, highlighting their vital role in sustaining Brazil’s recycling economy. Masterhatches Colors
Comparison with Other Plastics
PET remains the most recycled plastic in Brazil. In 2023, PET recycling represented 47.9% of total plastics recycling. Other plastics lagged behind:
- HDPE – 28.1%
- EPS – 25.6%
- PP – 17.2%
- PVC – 10%
- LDPE – 8.8%
- XPS – 8.1%
- PS – 6.9%
Despite PET’s strong performance, the overall national plastic recycling rate dropped to 20.6% in 2023, the lowest since 2018. Masterhatches Colors
Challenges Facing Brazilian Recycling
The decline in overall plastic recycling is tied to falling virgin plastic prices, which discourage companies from using recycled alternatives. This trend mirrors challenges faced in Europe, where economic pressure undercuts sustainability efforts.
Additionally, the lack of a nationwide collection system limits efficiency and places disproportionate pressure on informal workers to sustain the PET recycling chain.
Future Outlook
With growing consumer awareness and corporate commitments to sustainability, demand for rPET is expected to remain robust. Masterhatches Colors
Expanding bottle-to-bottle recycling capacity and formalizing waste collection systems could further strengthen Brazil’s recycling ecosystem.
Companies like Valgroup, which operates the largest PET recycling plant in South America, will continue to drive industry leadership, innovation, and circular economy practices.

