PET Bottle – Mitsubishi Chemical Group (MCG) has initiated research on chemically recycling end-of-life tires (ELT) at its Kagawa Works facility, targeting the production of sustainable carbon black by March 2026 02-09-2024
PET Bottle
Polyestertime | |||
ITEM | 26/08/2024 | 02/09/2024 | +/- |
Bottle grade PET chips domestic market | 6,920 yuan/ton | 6,500 yuan/ton | -420 |
Bottle grade PET chips export market | 870 $/ton | 865 $/ton | -5 |
LDPE CFR Est China | 1,135 $/ton | 1,155 $/ton | +20 |
PET Semidull Fiber chips
PET Bright |
6,650 yuan/ton
6,680 yuan/ton |
6,560 yuan/ton
6,630 yuan/ton |
-90
-50 |
Pure Terephthalic Acid PTA domestic market
PET Bottle |
5,385 yuan/ton | 5,105 yuan/ton |
-280 |
Pure Terephthalic Acid PTA FOB China | 690 $/ton | 680 $/ton | -10 |
Monoethyleneglycol MEG domestic market | 4,660 yuan/ton | 4,500 yuan/ton |
-160 |
Monoethyleneglycol MEG export market | 546 $/ton | 548 $/ton | +2 |
Paraxylene PX FOB Taiwan market | 944 $/ton | 930 $/ton |
-14 |
Paraxylene PX FOB Korea market | 922 $/ton | 908 $/ton | -14 |
Paraxylene PX FOB EU market | 1,060 $/7on | 1,000 $/ton | -60 |
Polyester filament POY 150D/48F domestic market | 7,345 yuan/ton | 7,400 yuan/ton |
+55 |
Recycled Polyester filament POY domestic market | 7,150 yuan/ton | 7,150 yuan/ton | – |
Polyester filament DTY 150D/48 F domestic market | 8,915 yuan/ton | 8,800 yuan/ton | -115 |
Polyester filament FDY 68D24F | 8,550 yuan/ton | 8,600 yuan/ton | +150 |
Polyester filament FDY 150D/96F domestic market
PET Bottle |
7,750 yuan/ton | 7,900 yuan/ton | +150 |
Polyester staple fiber 1.4D 38mm domestic market | 7,445 yuan/ton | 7,500 yuan/ton | +55 |
Caprolactam CPL domestic market | 12,825 yuan/ton | 12,670 yuan/ton |
-155 |
Caprolactam CPL Northeast Asia
PET Bottle
|
1,540 $/ton | 1,540 $/ton | – |
Nylon 6 chips overseas market | 1,920 $/ton | 1,920 $/ton | – |
Nylon 6 chips conventional spinning domestic market | 13,750 yuan/ton | 13,550 yuan/ton | -200 |
Nylon 6 chips high speed spinning domestic market | 14,380 yuan/ton | 14,400 yuan/ton | +20 |
Nylon 6.6 chips domestic market
PET Bottle |
18,500 yuan/ton | 18,000 yuan/ton | -500 |
Nylon6 Filament POY 86D/24F domestic market | 16,300 yuan/ton | 16,400 yuan/ton | +100 |
Nylon6 Filament DTY 70D/24F domestic market | 18,700 yuan/ton | 18,750 yuan/ton | +50 |
Nylon6 Filament FDY 70D/24F | 17,500 yuan/ton | 17,500 yuan/ton | – |
Spandex 20D domestic marke | 29,000 yuan/ton | 28,800 yuan/ton | -200 |
Spandex 30D domestic market | 28,500 yuan/ton | 28,300 yuan/ton | -200 |
Spandex 40D domestic market | 25,500 yuan/ton | 25,300 yuan/ton | -200 |
Adipic Acid domestic market
PET Bottle |
8,950 yuan/ton | 8,500 yuan/ton | -450 |
Benzene domestic market East China | 8,565 yuan/ton | 8,625 yuan/ton | +60 |
Benzene China CFR | 1,035 $/ton | 1,015 $/ton | -20 |
Ethylene South East market | 980 $/ton | 980 $/ton | – |
Ethylene NWE market CIF | 964 $/ton | 922 $/ton | -42 |
Acrylonitrile ACN domestic market | 8,650 yuan/ton | 8,650 yuan/ton | – |
Acrylonitrile ACN overseas market | 1,200 $/ton | 1,200 $/ton | – |
Acrylic staple fiber ASF CFR China
PET Bottle |
14,600 yuan/ton | 14,600 yuan/ton | – |
VSF viscose staple fiber | 13,500 yuan/ton | 13,600 yuan/ton | +100 |
PP Powder domestic market | 7,440 yuan/ton | 7,425 yuan/ton | -15 |
Naphtha overseas market | 659 $/ton | 607 $/ton | -52 |
Phenol domestic market | 8,620 yuan/ton | 8,732 yuan/ton | +112 |
r-PET Flakes = 6,650 yuan/ton — 6,620 yuan/ton -30
- r-PET – Post-consumer recycled (PCR) carbon fiber is rapidly emerging as a game-changer in the automotive industry, driven by growing environmental concerns and the push for more sustainable materials 26-08-2024
- New enzyme technology for environmentally friendly plastic recycling
PET Bottle
Mitsubishi Chemical Group (MCG) has initiated research on chemically recycling end-of-life tires (ELT) at its Kagawa Works facility, targeting the production of sustainable carbon black by March 2026
This move aligns with the growing demand for sustainable materials in the tire industry, where recycled carbon black, a crucial rubber reinforcing agent, is increasingly sought after. MCG’s innovative approach involves feeding pulverized ELT into a coke oven, producing carbon black from tar—a world-first technique. The resulting sustainable carbon black matches the properties of conventional carbon black, enabling its reuse in new tires and promoting closed-loop recycling. PET Bottle
MCG began a demonstration experiment in July 2024, feeding ELT into the coke oven, with plans to commercialize the process by fiscal 2025. The company aims to achieve an annual production rate of several thousand tons of sustainable carbon black by 2025, scaling up to tens of thousands of tons by 2030.
This advancement is part of MCG’s broader goal to establish ELT chemical recycling technology, contributing to the development of a circular economy in the automotive and tire sectors. PET Bottle
BASF to Close Additional Plants in Ludwigshafen Amid Ongoing Site Revamp
BASF has announced the permanent closure of its adipic acid, cyclododecanone (CDON), and cyclopentanone (CPON) production plants in Ludwigshafen, a move that will impact approximately 180 employees. This decision is part of the broader restructuring plan for the company’s petrochemical hub, which began two years ago. PET Bottle
The shutdown process will be phased, with the CDON and CPON facilities set to cease operations in the first half of 2025. The production of adipic acid, which had already been reduced as part of adjustments announced in February 2023, will also be halted during this period. This partial continuation of adipic acid production was initially maintained to ensure a stable supply of raw materials for CDON and CPON synthesis.
Cyclododecanone is primarily used in the production of lauryl lactam, a key precursor in the manufacture of Polyamide 12 (PA 12). It also plays a role in the synthesis of musk fragrances and UV stabilizers. Cyclopentanone, on the other hand, has applications in the synthesis of agrochemicals, active pharmaceutical ingredients, and as a solvent in semiconductor production. PET Bottle
Additionally, it is used as a precursor in the creation of fragrances. Adipic acid, meanwhile, is a crucial component in the production of polyamides, polyurethanes, coatings, and adhesives.
Stephan Kothrade, a member of BASF’s board of directors and the company’s chief technology officer, commented on the closures, stating, “BASF is taking this step to ensure profitability by aligning production capacities with the evolving market conditions. We will maintain close communication with our customers to mitigate the impact of these closures on their operations.” PET Bottle
The decision to shutter these facilities underscores BASF’s commitment to adapting its operations in response to shifting market dynamics and economic pressures. The restructuring of the Ludwigshafen site reflects a strategic focus on optimizing production efficiency and reducing costs in the face of changing global demands for chemical products.
As BASF moves forward with its renovation plan, the company aims to balance the need for operational efficiency with the responsibility to support its workforce and maintain customer relationships. PET Bottle
The company has indicated that it will explore various options to manage the transition for affected employees, including potential reassignments within the organization or offering assistance with finding new employment opportunities.
This closure is part of BASF’s broader strategy to streamline operations and concentrate on areas with higher growth potential and profitability. By reducing production capacity in areas where demand has softened, BASF seeks to enhance its overall competitiveness and financial performance.
The shutdown of these plants in Ludwigshafen marks a significant step in BASF’s ongoing efforts to realign its business operations with the realities of the current market. As the company navigates these changes, it remains focused on delivering value to its customers while ensuring long-term sustainability and profitability. PET Bottle