Recycled-PP-resins – rPET-PET-capacity 06-04-2022
Recycled-PP-resins – rPET-PET-capacity
Crude Oil Prices Trend
ExxonMobil plans to raise prices for all grades of polypropylene (PP) by 6 cents per pound (USD132 per tonne) in addition to any changes in contract prices in the U.S. from May 1, according to a letter from the company to its customers.
In recent weeks, demand for polypropylene in the United States has been steady, but sales have been below the expectations of sellers. Supply levels are sufficient for most brands, although the situation has changed after the two manufacturers announced force majeure last week.
Spot prices of propylene raw materials have risen in recent days after most market participants agreed to March contracts with an increase of 10 cents per pound.
Earlier it was reported that the contract price of propylene in Europe for April deliveries was finally agreed at the level of EUR1,675 per ton, which is EUR225 per ton higher than the level of the previous month, thereby reaching a new high against the background of rising prices of raw materials. Recycled-PP-resins – rPET-PET-capacity
Propylene is the main raw material for the production of polypropylene (PP).
According to the ICIS-MRC Price Review, in Russia last week on the spot, many sellers, including very large ones, took a pause in pp sales.
In the contract market, on the contrary, consumer activity was quite high, processors massively agreed on transactions for the April supply of homopolymer propylene (PP-homo). Recycled-PP-resins – rPET-PET-capacity
Milliken & Co. (Spartanburg, S.C.) announced that it is expanding the facilities and capacity it acquired last March via its purchase of Germany’s Zebra-chem GmbH. Zebra-chem is a specialty compounder and chemicals company that makes additive and blowing agent concentrates for polyolefins, PVC and engineering thermoplastics.
The expansion will enable Milliken to boost production capacity for the acquired Bad Bentheim, Germany plant by 60 percent by year’s end.
Milliken plans to install new manufacturing equipment and hire additional employees at the plant, which will be renamed Birch I. It also built a new warehouse, called Birch II, nearby. Milliken has been a trailblazer of sustainability for more than a century, and the company’s legacy of naming locations after trees is a tribute to that core company value. Recycled-PP-resins – rPET-PET-capacity
“We are seeing very strong demand from several end markets where these products are adding value, and our customer base has welcomed our broader solution portfolio,” said Milliken Sales Manager Tugce Asici-van Houselt. “These facilities will continue to serve the global market, with a focus on Europe, the Middle East and Africa.”
The viscosity modifiers and performance modifiers made at the German plant increase melt flow of recycled PP resins with little to no loss of physical properties, enabling more recycled content to be used by the converters and brand owners without compromising overall performance.
“Milliken is known for its sustainable innovation,” notes Wim Van de Velde, Global Vice President, of Milliken’s Plastic Additives Business. “We are excited to be able to leverage its leading position in Europe to help accelerate market solutions that improve and increase manufacturing with recycled plastics. This expansion signals that the market is clearly responding.”
The facility also produces solid concentrates that serve as chemical blowing agents for the production of foamed thermoplastics. These agents — which allow for lightweighting as well as improved thermal and sound insulation without compromising mechanical properties — are suitable for use in PVC, polyethylene, polypropylene and polystyrene. They can be used by converters in both extrusion and injection molding foam processing methods. Recycled-PP-resins – rPET-PET-capacity
–India plans to impose anti-dumping-duties (ADD) ranging from USD17.05-216.76 per tonne on imports of high-pressure polyethylene-(LDPE) from Saudi-Arabia, Thailand, Singapore and the United States for five years, ICIS reported.
Recycled-PP-resins – rPET-PET-capacity