Global market of Monoethylene glycol likely to touch $ 41 bn in 2023

News Tags: 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)

India
Summary: 
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.

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.

http://www.business-standard.com/article/b2b-connect/global-monoethylene-glycol-market-to-reach-41-bn-in-2023-115082000437_1.html
MEG
0

DAK Americas to increase the PSF production capacity at it Cooper River facility

News Tags: Cooper River facility, DAK Americas, DAK's total PSF capacity, integrated producers, nonwoven PSF, PET, polyethylene terephthalate, product line of textile, production capacity, PSF, U.S. fibers market

CHARLOTTE, N.C.
DAK Americas to increase the PSF production capacity
Summary: 
DAK Americas is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. As part of its expansion plan, DAK Americas LLC (DAK) has announced a project to increase the polyester staple fiber (PSF) production capacity at its Cooper River site near Charleston, S.C.

DAK Americas is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. As part of its expansion plan, DAK Americas LLC (DAK) has announced a project to increase the polyester staple fiber (PSF) production capacity at its Cooper River site near Charleston, S.C.

The project will increase the capacity of the Cooper River facilitiy by 55 million pounds per year (lbs/year) across the company's current product line of textile and nonwoven PSF offerings.

http://www.textileworld.com/Articles/2014/October/DAK_Americas_Announces_Capacity_Increase
Company News
0

Boretech Group’s first PET recycling plant coming up in California, U.S.

News Tags: Boretech Group, flakes, PET, PET bottle, polyester fibre, polyester range product, polyethylene terephthalat, recycling facility

California
Boretech Group’s first PET recycling plant coming up in California, U.S.
Summary: 
Boretech Group, a PET (polyethylene terephthalate) recycling company headquartered in Taiwan to commission its first PET recycling facility in Stockton, California in the United States by end of September 2014.

Boretech Group, a PET (polyethylene terephthalate) recycling company headquartered in Taiwan to commission its first PET recycling facility in Stockton, California in the United States by end of September 2014.
 
According to Paul Ou, a spokesman for the company, the construction is nearly completed and expects to receive its official permit from the city by early September, with operations beginning shortly thereafter.
 

http://www.recyclingtoday.com/boretech-california-pet-recycling-plant.aspx
PET Chips Bottle Grade
Company News
0

Weekend Max Mara to include garments made with NewLife polyester yarn

News Tags: Garments, Itailian luxury women wear, Newlife polyester yarns, PET, POY, recycled plastic bottles, textured, Weekend Max Mara

Italy
Weekend Max Mara to include garments made with NewLife polyester yarn
Summary: 
Weekend Max Mara, Italian luxury women's wear brand, in its new year’s spring/summer collection has planned to include garments made with Newlife polyester yarns from recycled plastic bottles.

Weekend Max Mara, Italian luxury women's wear brand, in its new year’s spring/summer collection has planned to include garments made with Newlife polyester yarns from recycled plastic bottles.

Newlife yarn is made from recycled polyester derived from post-consumer PET waste such as plastic bottles sourced and converted in Italy. The platform includes POY, flat, textured, microfibre and hollow section yarns for a range of applications including fashion and sportswear.

http://www.just-style.com/news/weekend-max-mara-to-use-newlife-recycled-yarn_id120186.aspx
Polyester POY
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