| | | |

PET Bottles – Greenchemicals Srl has acquired Polichem Srl as of November 21, 2024. This acquisition combines the strengths of both companies to deliver a wider array of eco-friendly flame retardants and innovative additives aimed at enhancing the recycling and sustainability of thermoplastic polymers 02-12-2024 - Archive

This content has been archived. It may no longer be relevant

PET Bottles

PET Bottles

Polyestertime
ITEM 25/11/2024 02/12/2024 +/-
Bottle grade PET chips domestic market 6,160 yuan/ton 6,110 yuan/ton -50
Bottle grade PET chips export market     805 $/ton 805  $/ton
LDPE CFR Est China 1,187 $/ton 1,187 $/ton
PET Semidull Fiber chips

PET Bright

6,050 yuan/ton

6,080 yuan/ton

6,010 yuan/ton

6,040 yuan/ton

-40

-40

Pure Terephthalic Acid PTA domestic market

PET Bottles

4,745 yuan/ton 4,735 yuan/ton
-10
Pure Terephthalic Acid PTA FOB China 612 $/ton 612 $/ton
Monoethyleneglycol MEG Shandong 4,750 yuan/ton 4,800 yuan/ton
+50
Monoethyleneglycol MEG CFR China 540 $/ton 542 $/ton +2
Paraxylene PX FOB  Taiwan market 846 $/ton 831 $/ton
-15
Paraxylene PX FOB  Korea market 828 $/ton 813 $/ton -15
Paraxylene PX FOB EU market 841 $/ton 841 $/ton
Polyester filament POY 150D/48F domestic market 6,900  yuan/ton 6,700 yuan/ton
-200
Recycled Polyester filament POY  domestic market 6,750 yuan/ton 6,700 yuan/ton -50
Polyester filament DTY 150D/48 F domestic market 8,425 yuan/ton 8,250 yuan/ton -175
Polyester filament FDY 68D24F 8,150 yuan/ton 8,050 yuan -100
Polyester filament FDY 150D/96F domestic market

PET Bottles

7,450 yuan/ton 7,350 yuan/ton -100
Polyester staple fiber 1.4D 38mm domestic market 7,120 yuan/ton 7,050 yuan/ton -70
Caprolactam CPL domestic market 11,000 yuan/ton 11,175 yuan/ton
+175
Caprolactam CPL  CFR China 1,530 $/ton 1,440 $/ton -90
North America: Approximately USD 3.03/kg

Europe: Approximately USD 2.46/kg

Northeast Asia: Approximately USD 1.80/kg

Southeast Asia: Approximately USD 2.09/kg

Middle East: Approximately USD 1.92/kg

1,840 $/ton

 

1,800 $/ton

 

-40

 

Nylon 6 chips conventional spinning domestic  market 12,150 yuan/ton 12,350 yuan/ton +200
Nylon 6 chips  high speed spinning domestic  market 12,650 yuan/ton 12,700 yuan/ton +50
Nylon 6.6 chips domestic  market 17,700 yuan/ton 17,600 yuan/ton -100
Nylon6 Filament POY 86D/24F domestic  market 14,700 yuan/ton 14,700 yuan/ton
Nylon6 Filament DTY 70D/24F domestic  market 17,300 yuan/ton 17,300 yuan/ton
Nylon6 Filament FDY  70D/24F  15,900 yuan/ton 15,900 yuan/ton
-Spandex 20D  domestic  marke 27,200 yuan/ton 27,200 yuan/ton
Spandex 30D  domestic  market 26,700 yuan/ton 26,700 yuan/ton
Spandex 40D  domestic  market  23,700 yuan/ton 23,700 yuan/ton
Adipic Acid China domestic market 8,400 yuan/ton 8,400 yuan/ton
Benzene domestic market East China 7,350 yuan/ton 7,300 yuan/ton -50
Benzene CFR  China 889 $/ton 860 $/ton -29
Ethylene South East market 920 $/ton 925 $/ton +5
Ethylene NWE market CIF 787 $/ton  772 $/ton -15
Acrylonitrile ACN  domestic market 9,300 yuan/ton 9,470 yuan/ton +170
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF CFR China 14,600 yuan/ton 14,600 yuan/ton
VSF viscose staple fiber 13,850 yuan/ton 13,850 yuan/ton
PP Powder domestic market 7,200 yuan/ton 7,220 yuan/ton +20
Naphtha overseas market  623 $/ton 623 $/ton
Phenol domestic market

Jinan Dezheng Chemical Co., LtdYanshan Petrochemical

Shandong Province

7,837 yuan/ton 7,787 yuan/ton -50

recycled PET  =                    5,250 yuan/ton  —          5,250  yuan/ton             –

PET Bottles

Greenchemicals Finalizes Acquisition of Polichem for Enhanced Sustainable Solutions

Expanded Sustainable Portfolio

Greenchemicals Srl has acquired Polichem Srl as of November 21, 2024. This acquisition combines the strengths of both companies to deliver a wider array of eco-friendly flame retardants and innovative additives aimed at enhancing the recycling and sustainability of thermoplastic polymers.

Polichem’s Expertise and Legacy
Founded in 1989 by Dr. Franco Lo Giudice, Polichem Srl boasts decades of expertise in advanced additives for engineered thermoplastics. Its specialties include nucleating and clarifying agents, impact modifiers, chain extenders for polyamides (PA), intrinsic viscosity increasers for polyethylene terephthalate (PET), dispersing molecules, and high-performance stabilizers. Polichem’s innovations, shaped by Dr. Lo Giudice’s deep understanding of polyamides and polyesters, will now be further refined with Greenchemicals’ extensive know-how. PET Bottles

Integrated Operations and Facilities
Polichem’s production site and application laboratory in Garlasco (PV) will be integrated into Greenchemicals’ headquarters in Desio (MB). This consolidation strengthens Greenchemicals’ ability to deliver sustainable additives while broadening its solutions for improving the quality of mechanically recycled polymers.

Strategic Expansion for Global Sustainability Goals
Dr. Lorenzi of Greenchemicals emphasizes the strategic importance of this acquisition in solidifying the company’s international presence in additive formulations. “Polichem’s products are inherently sustainable, improving productivity while reducing processing temperatures. They also enable the incorporation of higher percentages of recycled materials in final products,” he explains. PET Bottles

Greenchemicals’ Commitment to Sustainability
Since 2010, Greenchemicals has been a leader in developing halogen-free and low-halogen flame retardants, particularly for styrenic polymers and polyamides.

The company focuses on replacing environmentally hazardous substances like HBCD, TBBPA, antimony trioxide, and PFAS. Additionally, Greenchemicals is advancing technologies for recycling waste electrical and electronic equipment (WEEE) and exploring innovations in reactive extrusion.PET Bottles

This acquisition positions Greenchemicals as a key player in advancing sustainable plastics, combining enhanced product performance with reduced environmental impact.

PET Bottles

MOPCO Targets Green Hydrogen and Facility Expansion by 2027

Misr Fertilizers Production Company (MOPCO) has ambitious plans to enhance its operations, focusing on green hydrogen production and expanding its fertilizer facilities. By the end of 2027, the company aims to finalize two key projects: a green hydrogen production facility and the expansion of its urea manufacturing capacity.

Advancing Green Hydrogen Production

A cornerstone of MOPCO’s initiative is the development of a green hydrogen facility in Damietta Port, located on Egypt’s eastern Mediterranean coast. This project, pivotal to the green ammonia industry, integrates seamlessly with existing ammonia plants in the region.  PET Bottles

The venture is being led by a consortium that includes MOPCO, Norway’s renewable energy company Scatec, and the Egyptian Petrochemicals Holding Company (ECHEM). The green hydrogen produced will be processed into green ammonia at MOPCO’s facilities, which currently operate three ammonia production lines: MOPCO 1, MOPCO 2, and MOPCO 3.

Upon completion, the facility is expected to generate 150,000 tons of green ammonia annually. This output will primarily be exported via a dedicated pipeline through Damietta Port, cementing Egypt’s role in the global green ammonia supply chain.

Expanding Urea Production and Supporting Melamine

In parallel with its green hydrogen efforts, MOPCO is expanding its urea production facilities to enhance capacity and efficiency. These upgrades will bolster Egypt’s fertilizer sector and support the melamine industry, which relies heavily on urea as a feedstock.

The factory expansions are scheduled to be completed in the first half of 2027, alongside the green hydrogen facility. Combined, these initiatives signify a substantial investment of approximately $400 million. PET Bottles

Key Market Role and Performance Milestones

MOPCO holds a significant position in Egypt’s fertilizer market, fulfilling about 30% of the domestic demand for urea and 60% of the country’s ammonia requirements. The company is also a major exporter, supplying urea to European markets, with additional shipments to the Americas and Asia.

The first half of 2024 showcased MOPCO’s operational strength, as the company produced 943,000 tons of urea, meeting its production targets. Ammonia sales exceeded expectations, reaching 138% of the planned goal. By the end of 2024, MOPCO anticipates exporting between 600,000 and 700,000 tons of urea. The company expects further increases in production and export volumes in 2025, supported by reliable natural gas supplies.  PET Bottles

Strategic Vision for Sustainability

MOPCO’s dual focus on green hydrogen and urea production reflects its commitment to sustainability and meeting global demand. The integration of cutting-edge technology and strategic investments positions the company to lead Egypt’s transition toward greener industrial practices while expanding its influence in international fertilizer markets.

PET Bottles

Similar Posts