News
With export turnover growing strongly in the first 9 months of 2021, plastic sheets, sheets and films replacing plastic bags become Vietnam's largest export plastic products in the first 9 months of 2021, with a turnover of 796 $1.1 million, accounting for 21.2% of the total export turnover of plastic products. Compared to the s...
Saudi Arabia shifts focus to PE exports to Western Europe
China's main PE suppliers are located in the Middle East and are Saudi Arabia, Iran, UAE and Qatar. All are subject to a drop in exports to China in 2021. Saudi Arabia, which is capable of exporting more than 9 million tonnes of PE per year, has faced a 22% drop in exp...
PE prices in Southeast Asia went up from mid-June to late-July. However, since the beginning of August, a steady trend has permeated the market due to a combination of mixed factors including demand. End-consumer demand continues to weaken, freight rates are high, and supply decreases due to lower plant operating capacity.
Companies see this as the next step towards a better plastic market
France-based chemical company TotalEnergies and Honeywell International Inc. US-based company has signed a strategic agreement that will see Honeywell supply TotalEnergies with materials derived from the chemical recycling of waste plastic.
Oldcastle Infrastructure Inc. is adding plastics to its portfolio with the strategic acquisition of National Pipe & Plastics Inc.
North American polyethylene prices declined by an average of 5 cents per pound in November as improving supplies caught up with demand for the material.
PE prices in the region also had dropped 5 cents in October. The October decline was the first seen in the PE market in 17 months. Prices had surged since early 2020 as a res...
The US is the world’s biggest culprit in generating plastic waste and the country urgently needs a new strategy to curb the vast amount of plastic that ends up in the oceans, a new report submitted to the federal government has found.
Focus on recycled content prompts search for the best way to hit targets
One thing that gets wide agreement now in the plastics waste debate — from American Chemistry Council policy papers to the Break Free from Plastic Pollution Act in Congress — is that the U.S. needs more government mandates for recycled content.
Canada recycles just 12 percent of its plastic packaging — about 21 percent of its rigid containers but only 1 percent of its flexible packaging. A new plan released Oct. 21 from some major consumer product companies and other groups, however, hopes to change that.