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Related Keywords: carpet and polyester textile, densified polyester fibers and on PET plastic, monoethylene glycol (MEG) and dimethyl terephthalate (DMT) for the manufacture of virgin-grade Loop-branded PET resin and polyester fiber, PE/PA, PE/PET, PE/PP, PET waste, plastic bottles and packaging, plastic value chain, Plastics are indispensable parts, polyester fiber, polyester that appears in many packaging and clothing applications, polyethylene business, polyethylene terephthalate, polymers, polypropylene (PP) and high-density polyethylene (HDPE), virgin-grade polymers

Plastics are indispensable parts of almost every sector of the economy, with wide-ranging economic, environmental and convenience benefits in their use stage. But increasingly, the sheer volume of plastics produced (estimated at well over 300 million metric tons annually) presents environmental risks if the material is not captured, and represents a waste of resources if the material is disposed of in landfills.

Related Keywords: antidumping duty, Auriga Polymers Inc., DAK Americas LLC, fine denier polyester staple fiber, Nan Ya Plastics Corporation, polyester fiber, United States Department of Commerce, US International Trade Commission

The US International Trade Commission (ITC) is conducting investigations to determine whether or not the domestic industry is harmed by imports of fine denier polyester staple fiber from China, India, Korea, and Taiwan. The ITC is currently scheduled to make its final injury determinations on or before July 9, 2018.

Related Keywords: branded polyester resin, depolymerization, dimethyl terephthalate, energy use, fossil fuels, Inc., Loop Industries, Loop’s Generation II technology, PET and polyester fiber upcycling technology, PET and polyester resin, PET monomers, polyester fiber, repolymerized, sustainable plastic, Terephthalic acid, virgin-quality polyester plastic, waste polyester plastic

Loop’s Generation II technology is importantly more well organised and productive than the Generation I process, including a considerable reduction in energy use and the complete elimination of water indicating that it may be the most resource efficient process for upcycling PET and polyester fiber in the world.

The most remarkable change introduced in the Generation II technology is Loop’s decision to produce a monomer from which it makes Loop™ PET resin and polyester fiber from terephthalic acid (PTA) to dimethyl terephthalate (DMT).

Related Keywords: Alpek SA de CV, Brazilian state-run oil company, chemical manufacturing company, offer up to USD seven hundred million, Petrobras. sell its petrochemicals units, PetroquimicaSuape and Citepe. talks with Mexican group, plant produces PTA, polyester fiber, raw material for PET resin

The Brazilian state-run oil company Petrobras to sell its petrochemicals units PetroquimicaSuape and Citepe in the north-eastern state of Pernambuco, for which they are in talks with the Mexican group Alpek SA de CV a chemical manufacturing company, who is expected to offer up to $700 million.

The Brazilian company and Alpek will negotiate the deal for 60 days.

Petrobras' petrochemical units have accumulated 5.6 billion reais ($1.7 billion) in losses over the last two years, which included impairment charges related to the largest-ever corruption probe in Brazil.

Related Keywords: BASF SE, chemical companies, fluctuation in prices of raw materials, Global monoethylene glycol (MEG) market, highly competitive, major setback for MEG market, Nan Ya Plastics Corporation, PET, polyester fiber, presence of large oil and mining, Reliance Industries Limited, Royal Dutch Shell, Saudi Arabia Basic Industries Corporation (SABIC)

Global monoethylene glycol (MEG) market is anticipated to touch $ 40.85 billion in 2023 from reported turnover of $ 27.21 billion in 2014, which stood at 24,782.6 kilo tones, expanding at a CAGR of 6.1 percent between 2015 and 2023, according to a Transparency Market Research report. Monoethylene glycol is produced from ethylene, a downstream product of crude oil and natural gas.

Related Keywords: crude oil prices, ethylene price, MEG price, mono ethylene glycol, naphtha price, paraxylene price, polyester chip, polyester fiber, polyester filament, Polyester prices, polyester spun, polyester yarn, PTA price, Purified terephthalic acid

In the week ended 5 September, crude oil prices climbed more than US$2 early in the week as the markets bounced off several month lows hit in the previous week. Also prospects for peace in CIS and a strong US data raised demand expectations. Weaker US$ and expectations of a decline in US crude stocks also supported prices. However, the oil complex settled lower on the week after a ceasefire agreement in Ukraine helped minimize risk premium, while concerns remain over the impact of Russian sanctions on European demand.

Related Keywords: Boretech Group, PET flakes, PET recycling facility, PET recycling USA, polyester fiber, polyester products

The Boretech Group a PET (polyethylene terephthalate) recycling company founded in 1991, headquartered in Taiwan which specializing in recycling plastic bottle operating two processing facilities in China is close to commissioning its first PET recycling facility in the USA.

The construction of new plant in Stockton, California is nearly completed, and Boretech expects to receive its official permit by early September, with operations beginning shortly thereafter. The plant will have the capacity to process 4.5 tonnes of PET per hour once fully operational.

Related Keywords: polyester fiber, production plant, Russian nonwovens market

Russia to come up with its large scale polyester fibre and a new generation of nonwovens production plant in Tambov region by CJSC Kotovsky Nonwovens Plant, one of Russia’s largest producers of nonwovens.

The capacity of this plant will be 210,000 tons of polyester fibre per year as well as 20,000 tons of a new generation of multi-layer nonwovens and will require a total investment of more than 2 billion Roubles (USD$60 million).