Asian Chemical Connections
The polyester market will soon feature renewable alternatives to petroleum-based paraxylene and purified terephthalic acid, as companies push for more R&D
The quest for 100% plant-based polyethylene terephthalate (PET) might be completed sooner than the 2020 time frame that US beverage companies such as Coca-Cola and PepsiCo initially estimated, since the development of bio-based purified terephthalic acid (PTA) continues to rise.
INSIGHT: Crude price falls push petchems lower, raise price volatility
“Everyone is on the sidelines because they don’t know where the bottom is and don’t know what to do.”
VIDEO: ICIS special report - impact of lower crude oil prices