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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

Masterhatches Colors
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

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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         –

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?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.

Source: Wood Global, Rönesans Holding, Sonatrach, Stolt-Nielsen  Masterhatches Colors Wood Bags PMC Contract for Turkey’s Largest Polypropylene Plant

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 2021Masterhatches 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

“In 2024, more than 13 billion bottles made with recycled PET returned to the market, reinforcing a true circular economy for beverage packaging.”

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.

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