Tire Recycling – LyondellBasell, a global leader in the chemical industry, has introduced Polybatch Effects Frost masterbatches, designed to transform PET packaging with a matte frost effect 24-05-2024

Tire Recycling

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Circtec Receives $160 Million for Tire Recycling Facility

Circtec, a UK-based company, has secured over $160 million from investors to build a pyrolysis-based tire recycling plant in Delfzijl, Netherlands. This facility aims to be Europe’s largest, capable of processing about 180,000 tons of end-of-life tires annually, approximately 5% of the 3.6 million tons generated in Europe each year.

The funding, led by Denmark’s Novo Holdings and A.P. Moller Holding, includes over $23.8 million in grants from the Dutch government.  Tire Recycling

Circtec’s pyrolysis process will produce sustainable marine fuel, circular naphtha for plastics and chemicals, and high-quality recovered carbon black for use in tire, rubber, and plastics manufacturing.

Circtec has pre-sold the plant’s entire output through agreements with BP for marine fuel and naphtha, and with Birla Carbon for recovered carbon black. CEO Allen Timpany stated, “The success of this investment round gives us the partners that will enable us to take Circtec to the next level in scaling sustainability.”  Tire Recycling

Anders Spohr of Novo Holdings highlighted the shared belief in circularity as crucial for planetary health, while Chetan Mehta of A.P. Moller Holding noted the significant investment needed for societal green transitions, expressing excitement in partnering with Circtec.

Hilde van der Meer of the Netherlands Foreign Investment Agency expressed satisfaction with the support from the Dutch government and Groningen province, emphasizing the plant’s role in producing circular chemical products from tire waste.  Tire Recycling

Tire Recycling

Adipic Acid Prices in Europe decline Amid Weak Demand and Competitive Imports

The European Adipic Acid market has experienced a bearish pricing trend over the past week, driven by a confluence of factors affecting both supply and demand dynamics. Despite a sufficient supply of Adipic Acid in the region, prices have continued to decline due to weak demand from key downstream sectors, including textiles and automotive industries.

As a ripple effect, the cost of Adipic Acid depreciated by 6.5% in the European market on an FD Hamburg basis during the week ending 17th May 2024. Tire Recycling

Asian suppliers have been particularly aggressive in the European market, offering Adipic Acid at discounted rates. This competitive pricing strategy is largely a response to weak local demand in Asia, prompting suppliers to seek more favourable export opportunities in Europe. Despite the rise in freight rates, these suppliers have been able to offer significant discounts, undercutting local European manufacturers.

The heightened competition from these Adipic Acid imports has put additional pressure on local manufacturers to adjust their pricing strategies.

To retain market share, European producers have had to lower their prices, contributing to the overall bearish trend. Tire Recycling

On the supply side, the European market remains well-stocked with Adipic Acid. Local manufacturers have maintained steady production rates, ensuring that there is no shortage of chemicals. However, this sufficient supply has not been matched by an equivalent demand, leading to an oversupplied market.


Tire Recycling

LyondellBasell, a global leader in the chemical industry, has introduced Polybatch Effects Frost masterbatches, designed to transform PET packaging with a matte frost effect

Available in two styles, these masterbatches can be seamlessly integrated with various colors to achieve a high-end, sophisticated look.

Polybatch Effects Frost masterbatches offer numerous benefits for PET packaging, including enhancing brand image with a high-end appearance and reducing the visibility of recycled PET (rPET) for a more uniform look.

They are compatible with Near-Infrared (NIR) sorting systems, ensuring recyclability and maintaining environmental sustainability. Tire Recycling

Compliant with FDA regulations, these masterbatches are suitable for use in food and cosmetic packaging. They can be integrated into existing injection stretch blow molding (ISBM) processes without requiring additional tool changes, providing a cost-effective solution. The ability to combine these masterbatches with various colors allows for a frosted, matte effect, offering design flexibility.

Beyond food and cosmetic packaging, Polybatch Effects Frost masterbatches are also suitable for personal and home care product packaging, providing a broad range of possibilities for enhancing product presentation and brand differentiation. With these features, LyondellBasell’s new masterbatches offer a versatile and sustainable solution for improving the aesthetics and functionality of PET packaging. Tire Recycling

Tire Recycling

Reliance Industries Ltd has partnered with Norway’s Nel ASA to source technology for green hydrogen production, securing an exclusive license to manufacture Nel’s alkaline electrolysers in India

This strategic move aligns with Reliance’s ambitious plan to achieve net-zero carbon emissions by 2035 and supports India’s renewable energy targets.

The agreement, signed with Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, allows Reliance to manufacture these electrolysers globally for its own use. Mukesh Ambani, chairman of Reliance, aims to invest $75 billion in renewable infrastructure, including generation plants, solar panels, and electrolyzers.

Green hydrogen, produced by splitting water with clean electricity in an electrolyser, is vital for reducing emissions. Tire Recycling

Reliance’s new green energy business will supply the necessary equipment for India’s green energy revolution, with a commitment to generating 100 gigawatts of renewable energy. This is a significant portion of India’s target of 500GW of installed renewable energy by 2030, with solar expected to contribute 280GW.

Håkon Volldal, President and CEO of Nel, expressed pride in the partnership, highlighting Reliance’s capacity for large-scale projects and innovation. The collaboration will enable both companies to enhance performance and reduce costs through research, development, and standardization. Tire Recycling

Reliance Industries Ltd has partnered with Norway's Nel ASA to source technology for green hydrogen production, securing an exclusive license to manufacture Nel's alkaline electrolysers in India

China PET bottle chip downstream roundup in Q1 2024

According to the CCFGroup statistics and subsequent data revisions, China domestic demand for PET bottle chip in the first quarter of 2024 is around 2.16 million tons, a 20% increase year-on-year.

This growth is attributed to a relatively low base in the same period of 2023 and a significant short-term demand increase due to intensive capacity expansion plans and favorable performance of most beverage companies in 2023. Some large enterprises were reportedly maintaining O/R during the Chinese New Year. Tire Recycling

Additionally, China’s overall price advantage in exports has led to strong replenishment demand in overseas markets, especially with a record high shipment volume in March. The total export volume of PET bottle chip in China in the first quarter of 2024 is estimated to be around 1.4 million tons (combine two HS code volume), showing a 10% year-on-year increase.

By the end of March, the total inventory of PET bottle chip in China was around 1.66 million tons, down 40kt compared to the end of the previous year.

In terms of specific sectors, the demand for PET in the bottled water and beverage industry reached around 1.5 million tons in the first quarter, with a 25% year-on-year increase, accounting for approximately 69.4% of domestic demand. Tire Recycling

China PET bottle chip downstream roundup in Q1 2024

Tire Technology Expo 2024 exhibitor interview: Kordsa

Can you describe your company?

After graduating from Istanbul Technical University with a degree from the department of mechanical engineering, I pursued my master’s degree in computational mechanics at the Technical University of Munich. In 2009 I began my career in the industry as a project leader at Kordsa’s global R&D center. Over the years I have held various positions within Kordsa; since 2022 I have been the deputy general manager, overseeing sales and marketing.

What have been the biggest changes and trends since you joined the company?

In the automotive industry, CASE – Connected, Autonomous, Shared and Electric – highlights the transformative trends toward smarter, more sustainable mobility. ‘Connected’ vehicles leverage in-tire sensors for enhanced safety and efficiency, enabling real-time data exchange about tire status. Tire Recycling

‘Autonomous’ driving technologies are advancing, requiring sophisticated AI and sensor integration for safer, driverless navigation. The ‘shared’ mobility model promotes vehicle sharing, reducing environmental impact and supporting sustainable transportation. Finally, ‘electric’ vehicles are at the forefront, driving demand for tires that accommodate the additional weight of batteries while optimizing energy efficiency.


Tire Technology Expo 2024 exhibitor interview: Kordsa

Lenzing knows no limits in sustainability 

Lenzing Group, producing environmentally friendly cellulosic fibres from renewable wood raw materials, plays an important role in the sustainable transformation of the sector with its products and activities supporting the circular textile economy. Tire Recycling

The Austrian-based company, whose roots go back 85 years, focuses on the UN Development Goals within the framework of criteria such as responsible use of water, decarbonisation and sustainable innovations in all business processes throughout the value chain. We talked to Head of Business Development, Lenzing Türkiye, İlkşen Dedeoğlu Demiray, about the recent works, projects and innovations of the company, which makes a significant contribution to reducing the environmental footprint of the sector day by day with the technologies it develops. Tire Recycling

The industry has left behind an economically challenging year. What kind of a year has 2023 been for Lenzing, both globally and specifically in the Turkish market? How many of your goals were you able to achieve?

As Lenzing, we produce globally in different regions of the world and work with a wide sales and marketing network.


Lenzing knows no limits in sustainability 

Tire Recycling

Circular economy – In beverage bottling plants, the closure process is crucial for product quality 23-05-2024