Suntory, Indorama Ventures and Iwatani plan to introduce direct flake-to-preform recycling in Thailand. The project could supply around 400 million recycled PET bottle preforms annually from 2028.
Lenzing launches a major global restructuring, exiting two European lyocell bases and cutting 2,000 jobs under its new strategic vision.
Brent crude has climbed back to $92/B while WTI trades around $85/B as expired ceasefire talks, maritime incidents in the Strait of Hormuz, and US naval blockades reignite supply disruption fears in global energy markets.
PET bottle resin prices are weakening during peak beverage season as lower feedstock costs, adequate supply and cautious purchasing outweigh summer demand.
PepsiCo reports lower virgin-plastic use and more recycled content in 2025, alongside progress in emissions, agriculture and nutrition.
Spain’s SUPERPAN project combines recyclable thermoplastics and automated production to develop lighter structural components for future vehicles.
The expired US–Iran memorandum has left diplomacy stalled while tensions over the Strait of Hormuz, Oman and Iran’s nuclear programme increase the risk of renewed escalation.
Brent is trading near $92 a barrel and WTI near $85 as stalled US-Iran diplomacy and restricted shipping through the Strait of Hormuz revive supply concerns. Here is what is moving the market and what could happen next.
Global PET markets are moving in different directions as energy costs, freight disruption, seasonal demand and recycled resin reshape regional pricing.