North America PET Resin Trade, Recycling & Packaging
Embassy Suites Napa Valley
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Mitsubishi Polyester Film is investing USD100 million to expand its Greer, S.C., facility in North America. The plant is already the largest biaxially oriented PET film facility in the region.
The expansion will involve the installation of a new BOPET stretch film line that is expected to be operational in mid-2017.
The new line will produce specialty products and will have an annual capacity of 55 million pounds.
According to Mitsubishi, PET film demand is growing 3 to 6 percent yearly in the packaging and industrial sectors.
Mitsubishi Polyester collects silicone-coated, spent release films and turns them into pellets. The recycled PET constitutes up to 25% of new PET release film made at Greer.
The silicone-coated PET films are used to hold pressure-sensitive labels on packaged consumer goods.
The Geer plant was built in 1964 by Celanese Corp. In 1991 Mitsubishi Chemical Co. became a joint venture partner in the operation and in 1998 it acquired the entire operation and named it Mitsubishi Polyester Film – which is currently North America’s largest high-performance films manufacturer.
In 2011 Mitsubishi invested $20 million for capacity expansion at the facility.
Mitsubishi also operates PET film plants in Japan, China, Indonesia and Germany.
More on PET films will be discussed at 2nd NAPET North America PET Resin Trade, Recycling & Packaging on 2-4 November, 2015, in Napa Valley, California.
Email hafizah@cmtsp.com.sg or call +65 6346 9218 for details of the conference.
20 Oct, 2015
PET thermoform recycling has slowly gained momentum in North America from essentially zero to some 60 million pounds in just a handful of years. However, PET thermoform recycling is still at a nascent stage compared to PET bottles recycling.
It’s only in the last five to six years, that thermoforms have been effectively collected, sorted and made into new products and recyclers have started accepting clamshells, cups, lids and trays and other PET thermoforms.
The Society of the Plastics Industry Inc. and NAPCOR analysed the results from a $100,000 grant program that was aimed at PET thermoforms recycling. Montgomery County, Md., Firstar Fiber Inc. and Pennsylvania Recycling Markets Center Inc. that received the grant, together collected and sold more than 300 tons of recycled PET thermoforms in the grant period – producing 600,000 pounds of recycled material.
This success indicates that there’s a robust market for PET thermoforms recycling.
In 2013, the United States and Canada collected a total of 60 million pounds of PET thermoform material as compared to 47.8 million pounds collected in 2012.
Despite the increase in thermoform recycling rates in North America, recyclers are concerned about challenges related to labels, inks and adhesives. The recyclers also face challenges of competing with look-alike thermoforms packaging material that are made from other resins – which could contaminate the PET recycling stream.
Analysts observe that use of advanced recycling systems such as optical sorters can help increase the adoption of PET thermoform recycling.
More on PET thermoforms will be discussed at 2nd NAPET North America PET Resin Trade, Recycling & Packaging on 2-4 November, 2015 in Napa Valley, California.
Email hafizah@cmtsp.com.sg or call +65 6346 9218 for details of the conference.
03 Sep, 2015
North American PET bottle resin prices has risen at an average of 3 cents per pound in the month of April, 2015. This rise has been attributed to the strong demand and higher feedstock costs.
The rise is the second consecutive monthly hike. In March, the prices rose 1-cent-per-pound while prices were flat in February after tumbling a total of 16 cents between the months of November and January.
While some buyers viewed the April rise at only 2 cents others saw it at 4.
Although market watchers were surprised by the upward movement, the surge in oil prices is also considered to have determined the price rise of PET bottle resins. Oil prices were around $51 per barrel on April 1 compared to just under $60 when the month ended.
More on PET resins trends in North America will be discussed at 2nd NAPET (North America PET Resin Trade, Recycling & Packaging) on 2-4 November 2105 in Napa Valley.
Email hafizah@cmtsp.com.sg or call +65 6346 9218 for details of the conference.
03 Jul, 2015