The Westin Grande Sukhumvit
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"Capacity Expansion Plans Amid Increasingly Expensive Feedstock - Challenges for Asian PET Suppliers"
Global renewed optimism in PET is back ! PET production capacities are ramping up with new plants announced and demand is strong in Asia. It is projected that global demand of PET - resin, fibres & filaments will grow at 6-7% this year.
What uniform price of PET feedstocks can the industry expect ?
On biobased developments, recently we heard that Etylene Glycol can now be 100% biobased as claimed by Pepsi with their Green Bottle, but the PTA part is still petrochemical-based.
Developments are going on with innovative companies proving that PTA can be produced using a thermochemical route such as biomass-to-syngas . One such company, Anellotech is at a development stage with their unique multi-product, feedstock flexible , low cost technology that can produce Green BTX ( benzene, toluene and xylene ) with the xylene going into the PET chain.
How much can Anellotech's new Biomass to Aromatics technology replace the PET feedstock equation ?
New developments from PET barrier, specialty resins, renewable feedstocks to PET converters on their integration to use R PET are some of the issues that will be addressed at this CMT's PET Outlook 2012 annual event.
| An impressive panel of PET industry speakers will share with you some of the key highlights including
And many more...
Register your team now.
You Will Network With
Feedstock Suppliers (PX/PTA/ MEG), PolyesterManufacturers, Traders, Converters, Preform Producers, Designers, Technology Providers including machinery suppliers from blowing, preform toinjection molding, robotic systems etc, recycling cos, bottlers/fillers, brand owners, and convertors |
Bangkok-based Indorama announced on Sept. 21, 2011 that they have signed an agreement to buy Wellman International Ltd. from Aurelius AG, Germany-based holding company. The acquisition to be completed within this year, will help the company meet its customers’ sustainability, including demand for post-consumer PET. Wellman International is Europe’s largest recycler of PET bottles as well as a leading European producer of polyester staple fibre products and rPET. It has three production facilities in Europe that recycle more than 1.6 billion PET bottles annually.
Recycle investments -26 Sept , 2011
The demand for RPET will soon intensify as continued capacity expansions, recycled PET supply shortage and high PET prices dominates the industry. While some companies like Indorama Ventures takes on the acquisition route as means to secure its production value chain, others are embarking on new developments, from PET barrier, specialty resins, renewable feedstocks to PET converters on their integration to use R PET.
Above issues are just some of the vital discussion areas that will take centre stage at the upcoming PET Outlook 2012 meet now taking place on the 6-7 December in Bangkok. That said, CMT is pleased to welcome Mr. G.Vivekanand, Assistant VP – Polymerisation, from Indorama Polyester Industries PCL as he presents the topic on HomoPolymer for HotFill Applications & Hot Fill Resins. Apart from this, the conference also focuses on need and development of rPET in countries like Bangladesh, Pakistan , China.
To view the complete agenda click here. Or for further information email hafizah@cmtsp.com.sg
03 Nov, 2011
Manjushree Technopack has announced plans to double their capacity by the year-end. The company sees high growth opportunity in FMCG sector as mentioned by Vimal Kedia, Managing Director of Manjushree Technopack Ltd. The company is developing two new factories in Bangalore(India). An investment of around 200 crore has been declared on this new project wherein the capacities will almost go double by mid of 2012.
Mr Vimal Kedia foresees a huge growth of about 20% year on year in FMCG business. The company looks forward to see the dairy industry – fresh milk, beer, wine and edible oil to get into next two-three years into rigid packaging than flexible and other formats of glass etc . This change is anticipated to bring in big numbers for packaging industry in India. At present the capacity is 36,000 tonne and by June 2012 after the start a new plant it should touch over 50,000 tonne and subsequently to 70,000 tonne by 2013.
Read full article here.
The huge consumption potential in India is driving the demand for PET market at a phenomenal pace.
CMT is pleased to welcome Mr Ankit Kedia, Associate Director of Manjushree Technopack Ltd. to present his views on the Indian PET market growth and opportunities that exist including PET Grades, and Qualities at the PET Outlook 2012 to be held on 15-16 Nov 2011 in Bangkok
Click here for more details, or for enquiries email hafizah@cmtsp.com.sg
14 Oct, 2011
Source: EPPM News - European Plastic Product Manufacturer
New resin based colorants developed for PET
September 1, 2011
Read full article here. |
30 Sep, 2011
In Asia, the PET market that has been on a downward trend for almost two months, has changed course over the past week due to the firmer MEG costs in the spot market as per ChemOrbis. Now, spot MEG prices indicate increases of US$60/ton on CFR China basis vs beginning of May, and US$65/ton higher on week over week basis. These increases resulted from shutdown of Taiwan’s Nan Ya Plastics’ 360,000 tpa and 700,000 tpa MEG units in Mailiao.
PET is on the roll with growing demand, higher growth and expanding application. Market remains positive with Asia continuing to be the cardinal lifeline vivaciously strengthening its stand globally.
PET Outlook 2012 , to be held on 15-16 November in Bangkok, will unveil key issues facing the PET industry and introducing the topic on PET in ASIA will be David Swift from PCI.
In his highly informative session, he will spotlight on:
- Changing global picture for demand and supply
- Growth Prospects for China and other parts of the region
- Prospects for trade
- Trends in PET Pricing
- PET Recycling and Sustainable Development
and more!
PET Outlook 2012 will provide a global perspective that’s relevant for the entire value-chain and create a platform for networking amongst producers, converters & recyclers alike. Delegates can expect to network with industry peers from across the globe.
It’s all happening in Bangkok on 15-16 Nov 2011! Take a quick moment to >>CLICK HERE<< to review preliminary agenda and/or pre-register today.
13 Sep, 2011
PET is on the roll with growing demand, higher growth and expanding application. Market remains positive with Asia continuing to be the cardinal lifeline vivaciously strengthening its stand globally.
This state of affairs prompted CMT to host its’ PET Outlook 2012 which promises to unveil key issues facing the PET industry and provide exclusive insights on strategies to strive in a competitive business environment.
Noteworthy Reasons to be at PET Outlook 2012 in Bangkok:
- Gather information on the overall picture for the PET industry, caught between global challenges and thriving demand
- Obtain updates on PX/PTA market
- Learn about production capacities
- Explore growth in developing markets such as Indonesia, Vietnam and Philippines
- Be informed on the RPET legislations and recovery rates
- Study well-developed markets like Korea, Taiwan and Japan
- Gain brand owners’ perspectives on Sustainability and Implications on PET growth
The agenda is currently being finalized and will be available online shortly. In the meantime, click here to pre-register, or send questions on speaking and/or sponsorship opportunities to Ms. Hafizah at hafizah@cmtsp.com.sg.
02 Aug, 2011