PBAT-project – PET-bottle-chip 15-02-2022

PBAT-project – PET-bottle-chip

Crude Oil Prices Trend  

Crude Oil Prices Trend  Polyestertime

-Linear Low Density Polyethylene (LLDPE) prices quote higher in Asia

This week, LLDPE prices witnessed a rise in Asia. Stronger import offers from overseas suppliers and improved regional demand trends supported the price rise.

Reports of deals concluded at the higher price levels further pushed LLDPE prices higher in Asia.

In Far East Asia, LLDPE prices were assessed at the USD 1190-1230/mt CFR levels, a week on week gain of USD (+10/mt). PBAT-project – PET-bottle-chip

In China, Middle Eastern producers have offered their LLDPE film grades in the range of USD 1190-1230/mt CFR levels, for shipment in February 2022.

In South East Asia, LLDPE prices were assessed at the USD 1270-1320/mt CFR levels, a week on week increase of USD (+30/mt).

In Vietnam, Middle Eastern producers have offered their LLDPE film grades in the range of USD 1270-1320/mt CFR levels, for shipment in February 2022.

In India, LLDPE prices were assessed at the USD 1300-1330/mt CFR levels, a surge of USD (+40 /mt) from last week.

In India, a producer from Saudi Arabia has offered its LLDPE film grade at the USD 1330/mt CFR levels, for shipment in February 2022. A Middle Eastern producer has offered its LLDPE film grade at the USD 1300/mt CFR levels, for shipment in February 2022.

In Sri Lanka, LLDPE prices were assessed at the USD 1300-1340/mt CFR levels, a week on week gain of USD (+20/mt). PBAT-project – PET-bottle-chip

In Sri Lanka, a Saudi Arabian producer has offered its LLDPE film grade at the USD 1310/mt CFR levels, for shipment in February 2022. A Middle Eastern producer has offered its LLDPE film grade at the USD 1340/mt CFR levels, for shipment in February 2022.

In Pakistan, LLDPE prices were assessed at the USD 1370-1410/mt CFR levels, a spike of USD (+40/mt) from last week.

In Pakistan, Middle Eastern producers have offered their LLDPE film grades in the range of USD 1370-1410/mt CFR levels, for shipment in February 2022.

In Bangladesh, LLDPE prices were assessed at the USD 1350-1400/mt levels, up USD (+30/mt) from the previous week.

In Bangladesh, a Saudi Arabian producer has offered its LLDPE film grade at the USD 1360/mt CFR levels, for shipment in February 2022. A Middle Eastern producer has offered its LLDPE film grade at the USD 1400/mt CFR levels, for shipment in February 2022. PBAT-project – PET-bottle-chip

PBAT-project - PET-bottle-chip

-HeiQ AeoniQ “game-changing” decarbonizing yarn endorsed by HUGO BOSS and The LYCRA Company

HUGO BOSS became a front-runner in the race to adopt HeiQ AeoniQ yarns by putting a US$5M equity investment in HeiQ AeoniQ LLC and additional contingent US$4M based on performance milestone arrangements. The LYCRA Company has also become the exclusive distributor for HeiQ AeoniQ yarn by making a significant, undisclosed investment and by committing to develop the technology for broad application in textiles. PBAT-project – PET-bottle-chip

As part of its ‘CLAIM 5’ growth strategy, HUGO BOSS – one of the leading companies in the global premium apparel market – executed its first sustainability-linked investment for a US$5M shareholding in HeiQ AeoniQ LLC, a fully owned subsidiary of London listed HeiQ Plc . HUGO BOSS is the first company that has joined the race to adopt HeiQ AeoniQ and to have secured its stake in HeiQ AeoniQ equity. The investment is supplemented by an additional US$4M arrangement, which is subject to the achievement of agreed goals. PBAT-project – PET-bottle-chip

The strategic partnership will help HUGO BOSS meet its ambitious sustainability targets which include the aim for climate neutrality within its own area of responsibility by 2030, and throughout the entire value chain by 2045. In addition, the company puts particular emphasis on establishing an end-to-end circular business model. The investment therefore perfectly fits in with HUGO BOSS’ goal to strongly increase the proportion of more sustainable materials over the coming years. Over the mid to long term, HUGO BOSS is focused on the potential to materially complement and substitute the currently used polyester and nylon fibers with the cellulosic HeiQ AeoniQ fibers. PBAT-project – PET-bottle-chip

“Our exciting partnership with HeiQ on HeiQ AeoniQ represents yet another important milestone on our journey towards becoming the leading premium tech-driven fashion platform worldwide. Consistent with our bold mission statement ‘We Love Fashion, We Change Fashion’, this game-changing collaboration with HeiQ enables us to further push innovation and sustainability across our brands’ offerings, thereby driving measurable impact for environment and society alike,” says Daniel Grieder, CEO of HUGO BOSS.

Prior to HUGO BOSS’ equity investment, The LYCRA Company agreed to be the exclusive distributor for HeiQ AeoniQ yarn through payment of a milestone-driven technology fee and a commitment to leverage its deep textiles knowledge and market channel access to prepare this new technology for broad use in apparel applications. PBAT-project – PET-bottle-chip

HeiQ AeoniQ "game-changing" decarbonizing yarn endorsed by HUGO BOSS and The LYCRA Company

Linear-Low-Density-Polyethylene-LLDPE prices quote higher in Asia

HeiQ-AeoniQ “game-changing” decarbonizing-yarn endorsed by HUGO-BOSS and The LYCRA-Company

-With an annual output of 30,000 tons, the largest PBAT-project in Southeast-Asia has started!

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PBAT-project – PET-bottle-chip

Petrochemicals – Circular-Economy – rPET 14-02-2022