PET prices plastic recycling 26-01-2023

PET prices plastic recycling

Crude Oil Prices Trend

Crude Oil Prices Trend

-SIPA: Wide neck PET jars for JSC Plastikse

Everything is on a large scale at JSC Plastikse. Company located close to Vilnius in Lithuania and is the one of the biggest PET converters in the Baltic region. Among the wide range of PET packaging supplied for different markets, it makes two- and four-litre PET jars with wide mouths, to be filled with body-building supplements and sports nutrition.

It makes them on two ECS SP 80 injection-stretch-blow molding (ISMB) units that SIPA installed in 2022. Production of the four-litre PET jars with 120-mm necks and weighing 140g as well as two-litre jars 100-mm necks weighing 90g are produced in a very short cycle time.

JSC Plastikse has been in business since 2000, positioning itself at the forefront of packaging products manufacturing for beverage, food, cosmetic, chemical, and medical industries worldwide.

“We pride ourselves on innovation and providing customers with high-quality customized products, services, and flexibility.

Nowadays, a supplement product’s packaging is more demanding than ever, the people are taking care about their body and health much more than before.

We happy to place on the market the new kind of product which is fully designed for recycling and made by using the 100% green energy recovered from renewable resources and solar panels we have installed on factory roof” – says company GM Leonid Sterlin.

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SIPA: Wide neck PET jars for JSC Plastikse

-PET prices rose in Thailand amid an increase in quotations of raw materials and the strengthening of the national currency

ICIS reported : domestic spot prices for polyethylene terephthalate (PET) for bottle production in Thailand have risen thanks to rising prices for purified terephthalic acid (TPA) and monoethylene glycol (MEG).

Thus, domestic spot offers for Thai bottled PET increased by an average of 1 Thai baht (THB) per kg and were at the level of 36.5 THB per kg, DEL (with delivery) for the week ended January 20.

For comparison, in the week ended January 13, price offers were at the level of 35-36 baht per kg, DEL.

Thai producers reported that domestic price offers are roughly equivalent to import parity at USD1,100-1,110 per tonne, FOB (free-board) Thailand.

It was also noted that the strengthening of the national currency against the dollar also contributed to the growth of price offers. PET prices plastic recycling

Earlier it was noted that Asian spot prices of paraxylene continued their upward trend.

It was facilitated by higher crude oil prices and an optimistic demand outlook.

Paraxylene supply is expected to remain balanced or slightly limited, with a few planned maintenance stops in the future and with a steady stream of material exports from Asia to the US.

On January 18, applications for March paraxylene shipments were at USD1,056 per tonne, CFR at major ports in Taiwan and/or China.

Compared to transactions at USD1,023–1,024 per tonne, CFR at major ports in Taiwan and/or China on the previous day.

 

PET prices plastic recycling

-Braskem, Nexus Circular enter 10-year offtake agreement

Nexus to supply circular feedstock for Braskem’s sustainable PP
Chemical recycling company Nexus Circular and Braskem, the leading polyolefins producer in the Americas, have signed a 10-year definitive commercial agreement for the supply of circular feedstocks.
The two companies followed up on the memorandum of understanding signed last year in July .
Jodie Morgan, Chief Executive Officer of Nexus said:
“This long-term commercial agreement builds on the strong foundation of our growing relationship.”
Under the present agreement, a new chemical recycling facility will be built with an initial capacity to convert over 30,000 metric tons annually of used plastic into new materials. The aim is to expand this capacity in the short term to over 120,000 metric tons a year. Braskem will have exclusive rights to the production output from the new facility, which will be used for the production of Braskem’s certified circular PP resins.
In January 2022, Braskem made a strategic investment in Nexus Circular.
Nexus Circular is a commercial leader in advanced recycling that uses proprietary technology and a leading process design to convert landfill-bound films and other hard-to-recycle plastics into high-quality materials used to produce virgin-quality sustainable plastics. PET prices plastic recycling
Since 2018, Nexus has been supplying consistent, on-spec commercial volumes of ISCC Plus certified circular products. PET prices plastic recycling
Nexus,with the contracted volumes of advanced circular recycled products will support Braskem’s strategic goal of selling 300,000 tonnes of recycled content products by 2025 and 1 million tonnes by 2030.

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PET prices plastic recycling

-Veolia to set up first food-grade plastic recycling plant in UAE

Spread over a 40,000-sq-m area in Abu Dhabi, the new plant, at full operating capacity, is likely to generate 100 odd jobs in addition to helping cut 18,000 MT of CO2 emission annually

UAE – French water management specialist Veolia said its regional subsidiary Repeet has signed an agreement with UAE-based sustainability pioneer Beeah and F&B conglomerate Agthia to set up a food-grade plastic recycling plant in Abu Dhabi with a total capacity of 12,000 tonnes per annum. PET prices plastic recycling

The MoU was signed in co-operation with the UAE’s Ministry of Industry and Advanced Technology (MoIAT) at the Abu Dhabi Sustainability Week, which lays the groundwork for the new polyethylene terephthalate (PET) facility.

Spread over a 40,000-sq-m area in Abu Dhabi, the new plant, at full operating capacity, is likely to generate 100 odd jobs in addition to helping cut 18,000 MT of CO2 emission annually.

In line with the UAE’s efforts to reduce plastic pollution and boost trade through the export of recycled materials, the plant will recycle PET, a plastic material that is used in food packaging, such as plastic water bottles.

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PET prices plastic recycling

-Sasa announced Honeywell licensing deal for propylene plant

Turkey’s Sasa Polyester has announced a licensing deal with Honeywell UOP for a 1m tonne/year propylene production plant based on propane dehydrogenation (PDH) technology, said the company.

The agreement also covered technical service and warranty aspects of the USD1.5bn project to be constructed in the Yumurtalik investment area in Turkey’s southern province of Adana, Sasa added, when filing details of the deal with the Istanbul Stock Exchange.

Sasa said that it expected the contribution of the planned investment to its turnover would be USD1.2bn. PET prices plastic recycling

The targeted completion date for the plant was the first half of 2026, the company also said.

We remind, Sasa Polyester Sanayi increased the loading of PET production in the city of Adana (Adana, Turkey) up to 100%. Previously, the capacity of this plant with a capacity of 365,000 tonnes of PET per year was reduced in October last year due to low demand.

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Sasa announced Honeywell licensing deal for propylene plant

-RecyClass revises recycling guidelines & testing protocols

The latest scientific findings on existing and new packaging features, together with state-of-the-art recycling technologies, are at the heart of the update of both the RecyClass Design for Recycling Guidelines and the Recyclability Evaluation Protocols.

RecyClass conducted 15 test campaigns and issued 50 recyclability approvals in 2022. These recyclability assessments covered the recyclability of common packaging components for both rigid and flexible plastic packaging. All were carried out by recognised, independent laboratories. PET prices plastic recycling

For example, the evaluation included an assessment of the behaviour of PP in the rigid HDPE recycling stream and the impact of HPDE in the PP stream.

Similarly, the tests measured the compatibility of different types of lids for PS pots. For flexible packaging, technologies such as laminating adhesives and functional barriers were evaluated.

In addition, RecyClass has published new guidelines for white and natural PS containers, developed together with the relevant stakeholders in the value chain.

As white packaging has a high material value, this is now also reflected in the guidelines for “natural and white” HDPE, PP and the aforementioned PS containers.

While the design recommendations are the same, the new guidelines state that white packaging should be recycled in a separate stream from natural packaging.

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RecyClass revises recycling guidelines & testing protocols

-PET prices rose in the spot market in India

Bottle-grade spot prices for bottle-quality polyethylene terephthalate (PET) rose in India amid a lack of supply from the domestic market, ICIS reported.

Prices were at USD1,020-1,060 per tonne, FOB (free on board) India in the week ending January 20, compared with USD1,000-1,045 per tonne, FOB India in the week ending January 13.

Prices generally rose due to strong domestic demand, which led to a shortage of supply of Indian bottled PET. PET prices plastic recycling

One manufacturer was known to have sold spot volumes of bottled PET from its February quotas, while another manufacturer was known to have restricted shipments of February spot volumes of bottled PET.

Earlier it was reported that the Turkish company Sasa Polyester Sanayi increased the load of PET production in the city of Adana (Adana, Turkey) to 100%. Earlier, the load of this plant with a capacity of 365 thousand tons of PET per year was reduced in October last year due to low demand.

According to the ScanPlast review, in January-November 2022, the estimated consumption of PET in Russia amounted to 758.69 thousand tons, which corresponds to consumption for the same period a year earlier.

Compared with November 2021, total estimated consumption increased by 4% and amounted to 78.77 thousand tons against 75.44 thousand tons last year.

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PET prices rose in the spot market in India

PET prices plastic recycling

Bio-degradable-plastic – PS – PE 25-01-2023