PET supplier to make ethylene glycol from straw

By Michael Lauzon
Correspondent

Published: November 21, 2013 3:42 pm ET
Updated: November 21, 2013 4:01 pm ET

Related to this story

Topics Materials, Sustainability, Materials Suppliers

PET resin major M&G Chemicals plans to invest in a biorefinery in China that will make PET building block ethylene glycol from straw.

M&G of Tortona, Italy, part of the Mossi Ghisolfi Group, said Nov. 21 it will build the biorefinery in Fuyang, in Anhui province with Chinese company Guozhen as partner. The plant will use enzyme technology supplied by Beta Renewables a company partly owned by Mossi Ghisolfi Group. M&G estimated the biorefinery will cost about $500 million and be on stream in mid-2015. Beta Renewables recently started up a biorefinery in Crescentino, Italy.

“This is the first act of a green revolution that M&G Chemicals is bringing to the polyester chain to provide environmental sustainability,” noted M&G Chemicals CEO Marco Ghisolfi in a news release. He cited growing demand for sustainable materials as evidenced by Coca-Cola Co.’s aim to use partially plant-based PET in all its bottles by 2020.

The Chinese biorefinery will process 2.2 billion pounds of straw annually. In addition to ethylene glycol it will make ethanol and byproduct lignin will fuel an electric cogeneration plant.

M&G plans to raise about $500 million in an initial public offering on the Hong Kong exchange by the end of the year. It has PET production capacity of 3.5 billion pounds per year in Brazil, Mexico and the United States, where it runs a plant in Apple Grove, W.Va., and is building a large operation in Corpus Christi, Texas.

M&G has been clashing with Invista over patent litigation brought by Invista regarding Invista’s PolyShield brand of PET resin.


Comments

PET supplier to make ethylene glycol from straw

By Michael Lauzon
Correspondent

Published: November 21, 2013 3:42 pm ET
Updated: November 21, 2013 4:01 pm ET

Post Your Comments


Back to story


More stories

Axiall resumes operations at damaged Lake Charles PVC feedstock plant

April 15, 2014 4:41 pm ET

Axiall Corp. has resumed operations at its PVC feedstock plant that was damaged by a fire in December.
More

Image

Austria's Greiner building a foothold in the US rigid packaging market

April 15, 2014 1:22 pm ET

Greiner Packaging International GmbH, one of Europe's largest makers of rigid plastic packaging, now wants to make its mark in the United States.    More

Image

Power failure shuts down two PE resin units in Texas

April 15, 2014 3:35 pm ET

Two polyethylene resin units operated by Chevron Phillips Chemical Co. LP in Baytown, Texas, were closed from April 8-11 because of a power failure.    More

Shell Chemical to host public meetings to discuss plans in Pennsylvania

April 15, 2014 3:27 pm ET

Shell Chemical LP will host two public meetings on April 16 to discuss the possibility of building a major petrochemicals plant in the Pittsburgh...    More

Image

Despite struggles, Europe still key market in global resin picture

April 15, 2014 2:06 pm ET

Challenges and opportunities facing international plastics and chemicals markets were tackled by a trio of top executives at the IHS World Petrochemic...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events