Microplastics-and-PET – Textile-recycling 02-06-2022

Microplastics-and-PET – Textile-recycling

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Alpek concludes acquisition of Octal

Alpek, S.A.B. de C.V. announced that it has received all necessary approvals from the regulatory authorities and has finalised its acquisition of Octal Holding SAOC.

Pursuant to the purchase agreement, Alpek acquired 100% of the shares of Octal for U.S. $620 million on a debt-free basis. Financing was secured through a mix of free cash flow generated from existing businesses and dedicated bank loans.

Alpek will assume control of Octal’s operations starting on June 1, 2022. The company expects an accretive EBITDA effect of approximately U.S. $120 million from these assets throughout the remainder of 2022, largely based on the better-than-expected polyester market conditions prevalent in recent months.

This would increase the company’s comparable EBITDA Guidance to U.S. $1,370 million and Reported EBITDA Guidance to U.S. $1,485 million

“We are pleased to have concluded this acquisition ahead of the expected timeline,” stated José de Jesús Valdez, Alpek’s CEO. Microplastics-and-PET – Textile-recycling

“We are excited to welcome Octal’s management team and employees into our family, leveraging their long-standing relationships with customers, their diverse backgrounds, and technical proficiency to drive the company’s long-term growth.” Microplastics-and-PET – Textile-recycling

Microplastics-and-PET - Textile-recycling

-Petcore Europe’s statement on microplastics and PET

Petcore Europe has published a statement on microplastics and PET. It states that microplastics are not a component of PET and do not leach from PET packaging. Please find the full statement below:  Microplastics-and-PET – Textile-recycling

PET packaging protects the quality of food and drink products and ensures that they are safe for consumption. The PET industry is highly regulated at both EU and global level and the sector adheres to strict EU standards at each stage of production – including Reach and the EU’s stringent legislation on food contact materials. The health and safety of its entire value chain is the industry’s top priority.

If PET bottles and trays are collected and disposed of correctly, the potential to degrade and fragment into microplastic particles which can find their way into the environment via soil, air and water will be removed. The PET industry has consistently called for improved collection and recovery of PET packaging.

The diverse sources of microplastic pollution are specifically addressed in the European Plastics Strategy. However, accelerating legislation to promote a wider roll-out of well-functioning collection and recovery schemes for PET represents an important step in removing plastic from the environment and thus minimising microplastics formation. Microplastics-and-PET – Textile-recycling

The recent finding of microplastics in human blood was predictable and warrants further scientific investigation into the development of analytical methods. The PET industry supports the establishment of an accepted methodology to quantify and qualify microplastics, currently no such protocol exists, and analyses cannot be reproduced or repeated with confidence.

The PET industry is fully committed to playing its part in minimising the amount of microplastics in the environment. We continue to reassure our customers and stakeholders that PET plastic is safe and non-toxic.

About micro particulates, microplastics and human interaction

Micro and nano particulates and interaction with humans and animals has been studied for many years and are well understood. Microplastics-and-PET – Textile-recycling

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Microplastics-and-PET – Textile-recycling

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