Thermoplastic – Most affordable PHA originating from the United States 26-02-2024



  • Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
  • Feedstocks  PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
  • Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF  Acrylic Staple Fiber 

Polyester Spinning


ITEM 19/02/2024 26/02/2024 +/-
Bottle grade PET chips domestic market 7,150 yuan/ton 7,100 yuan/ton -50
Bottle grade PET chips export market 915 $/ton 905 $/ton -10
Filament grade Semidull chips domestic market 7,010 yuan/ton 6,950 yuan/ton -60
Filament grade Bright chips domestic market 7,010 yuan/ton 6,960 yuan/ton -50
Pure Terephthalic Acid PTA domestic market 5,995 yuan/ton 5,870 yuan/ton -125
Pure Terephthalic Acid PTA export market 740 $/ton 725 $/ton  



Monoethyleneglycol MEG domestic market 4,720 yuan/ton 4,635 yuan/ton
Monoethyleneglycol MEG export market 547 $/ton 545 $/ton -2
Paraxylene PX FOB  Taiwan market 1,038 $/ton 1,037 $/ton
Paraxylene PX FOB  Korea market 1,016 $/ton 1,015 $/ton -1
Paraxylene PX FOB EU market 1,150 $/7on 1,150 $/ton
Polyester filament POY 150D/48F domestic market 7,830  yuan/ton 7,850 yuan/ton
Recycled Polyester filament POY  domestic market 7,700 yuan/ton 7,700 yuan/ton
Polyester filament DTY 150D/48 F domestic market 9,050 yuan/ton 9,050 yuan/ton
Polyester filament FDY 68D24F 9,150 yuan/ton 9,200 yuan/ton +50
Polyester filament FDY 150D/96F domestic market 8,450 yuan/ton 8,480 yuan/ton +30
Polyester staple fiber 1.4D 38mm domestic market 7,480 yuan/ton 7,370 yuan/ton -110
Caprolactam CPL domestic market 13,950 yuan/ton 13,850 yuan/ton
Caprolactam CPL overseas  market 1,700 $/ton 1,700 $/ton
Nylon 6 chips overseas  market 1,920 $/ton 1,920 $/ton
Nylon 6 chips conventional spinning domestic  market 14,800 yuan/ton 14,950  yuan/ton +150
Nylon 6 chips  high speed spinning domestic  market 15,300 yuan/ton 15,300 yuan/ton
Nylon 6.6 chips domestic  market 20,500 yuan/ton 21,500 yuan/ton +1,000
Nylon6 Filament POY 86D/24F domestic  market 17,250 yuan/ton 17,400 yuan/ton +150
Nylon6 Filament DTY 70D/24F domestic  market 19,450 yuan/ton 19,650 yuan/ton- +200
Nylon6 Filament FDY  70D/24F  18,300 yuan/ton 18,500 yuan/ton +200
Spandex 20D  domestic  marke 34,200 yuan/ton 34,400 yuan/ton +200
Spandex 30D  domestic  market 32,700 yuan/ton 32,900 yuan/ton +200
Spandex 40D  domestic  market  29,700 yuan/ton 29,900 yuan/ton +200
Adipic Acid domestic market 10,100 yuan/ton 10,150 yuan/ton +50
Benzene domestic market 8,800 yuan/ton 8,480 yuan/ton -320
Benzene overseas  market 1,039 $/ton 1,056 $/ton +17
Ethylene South East market 950 $/ton 970 $/ton +20
Ethylene NWE market CIF 742 $/ton  898 $/ton -44
Acrylonitrile ACN  domestic market 9,200 yuan/ton 9,200 yuan/ton
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market 14,600 yuan/ton 14,600 yuan/ton
Viscose Staple Fiber VSF  domestic market 13,200 yuan/ton 13,400 yuan/ton +200
PP Powder domestic market 7,100 yuan/ton 7,100 yuan/ton
Naphtha overseas market  687 $/ton 686 $/ton -1
Phenol domestic market 8,012 yuan/ton 7,887 yuan/ton -125

r-PET high end eco-friendly chips =7,900 yuan/ton 7,900 yuan/ton   –

Film recycling company Myplas ceases production mere weeks after its grand opening

Film recycling initiative Myplas USA Inc., touted for its $30 million investment and prominent backers, has ceased production shortly after its inauguration, reportedly to restructure its operations. Despite garnering support from industry giants like General Mills Inc., Target Corp., Schwan’s Co., and Charter Next Generation, which saw it as a crucial step in closing the loop on plastic waste, the plant in Rogers, Minn., has halted its activities.

The project, championed by MBOLD, a consortium affiliated with the Minneapolis St. Paul Regional Economic Development Partnership, received backing from various sectors, including the Alliance to End Plastic Waste and Closed Loop Partners, who provided debt financing. Thermoplastic Res

However, recent visits to the facility revealed no signs of operational activity, leaving stakeholders puzzled. Attempts to reach Myplas and MBOLD for clarification proved futile. Myplas board Chairman Peter Shippen acknowledged the situation, expressing the company’s dedication to the concept of a circular economy but refrained from elaborating on the operational status.

Myplas, a subsidiary of South Africa-based Myplas Pty Ltd., commenced operations with much fanfare in December, with CEO Andrew Pieterse expressing optimism about the venture’s prospects.

The company had ambitious goals, aiming to recycle nearly 90 million pounds of plastic annually and create significant employment opportunities.

However, the current pause in operations casts uncertainty on the realization of these aspirations. 

Film recycling company Myplas ceases production mere weeks after its grand opening

Opponents of Project ONE within environmental advocacy circles

Fifteen environmental organizations have lodged appeals against the authorization granted for the construction of Ineos’s latest European cracker, marking a significant hurdle for Project ONE. Despite previous setbacks in the authorization process, including delays and obstacles, Project ONE now faces opposition from determined environmentalists intent on halting the construction of the new cracker in Antwerp’s port. This project represents the largest investment in European petrochemicals in the past twenty years.

The appeal, spearheaded by the associations’ legal representatives, contends that there has been a lack of comprehensive assessment regarding the potential impacts of the proposed plants on both local and broader environmental and social landscapes, including the assessment of “Scope 3” emissions along the entire supply chain. They argue that the approval of the project by Flemish authorities, without a prior exhaustive evaluation of its impacts, violates both national and EU regulations.

Environmentalists maintain that the proposed plant will exacerbate plastic production, utilizing fossil fuels with detrimental effects on the climate. They dismiss the alterations made to secure new permits as merely superficial. Consequently, they perceive Project ONE as both environmentally destructive and unnecessary.

Project ONE, overseen by Ineos Olefins Belgium, entails the construction of a 1.45 million tonnes per year ethylene ethane gas steam cracker, with a staggering investment exceeding 4 billion euros and slated to commence operations by 2026.

While Ineos asserts the project’s environmental merit, highlighting its enhanced efficiency and sustainability compared to existing facilities, environmentalists remain skeptical, underscoring the imperative for a more holistic assessment of its ecological footprint.

Opponents of Project ONE within environmental advocacy circles

Most affordable PHA originating from the United States

Danimer Scientific, a leading bioplastics manufacturer based in the United States, recently completed a significant expansion at its Rochester facility, employing an innovative thermocatalytic process known for its enhanced efficiency compared to traditional fermentation methods.

Having acquired fellow American company Novomer three years prior, Danimer gained access to crucial patents pertaining to the production of polyhydroxyalkanoates (PHA), along with ownership of a pilot plant located in Rochester, New York. This facility underwent a strategic expansion aimed at bolstering the production capacity of its Rinnovo brand biopolymers, facilitating extensive application development and customer testing. The upgraded unit now boasts a production capacity of 20 tonnes per year, a significant leap from its previous output of one tonne per year.

The expansion initiative encompassed various enhancements, including the enlargement of the carbonylation reactor, installation of three additional distillation towers, augmentation of the polymerization reactor, and integration of a polymer drying unit. Notably, the Rinnovo PHA stands out for its unique synthesis process, relying on thermocatalysis rather than biomass fermentation. This approach not only slashes production costs upon scaling but also streamlines construction and operational processes.

Utilizing the innovative Novo22 technology, the production involves selective catalysis to convert ethylene oxide and carbon dioxide into lactone monomers, followed by ring-opening polymerization to yield high molecular weight poly(3-hydroxypropionate) (p(3HP)).

This biopolymer exhibits properties such as enhanced barrier performance, superior elongation, and a lower melting temperature compared to conventional PHAs in the market. Through these advancements, Danimer Scientific aims to revolutionize the landscape of sustainable polymer production while catering to evolving market demands.

Most affordable PHA originating from the United States

Plastic particles – Lululemon, renowned for its extensive use of nylon, notably in its popular Align line, is addressing the environmental impact of textile waste by pioneering the world’s first infinitely recycled nylon 6.6 and polyester 24-02-2024