28 June 2012 15:21 [Source: ICIS news]
HOUSTON (ICIS)--Toray Industries has agreed to off-take bio-based paraxylene (PX) from US renewable chemicals firm Gevo, officials at the Japanese producer said on Thursday.
Toray plans to offer samples of the bio-based PET to customers in 2013 for market evaluation, it said.
Media officials at Gevo were not immediately available for additional comment. Gevo said last year that it is working with Toray on bio-based PX.
Toray added that it succeeded in lab-level PET polymerisation to produce fibre and films samples, using terephthalic acid synthesised from Gevo's bio-based PX, and renewable mono ethylene glycol (MEG). PX and monoethylene glycol (MEG) are feedstocks for PET.
Around 50m tonnes/year of PET is produced worldwide to make fibres, films and bottles, Toray said.
PET has outstripped other polymers such as polyethylene and polypropylene in global demand, but conventional PET production faces the challenge of declining oil resources and high oil prices, the company added.
Additional reporting by Doris de Guzman in ?xml:namespace>
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections