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 Sustainability, Materials, 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

Image

Automakers look under the hood for the next lightweighting opportunities

August 20, 2014 1:06 pm ET

The automotive industry's current favorite target for lightweighting efforts is the powertrain, according to a recent survey.    More

Image

GameDay Challenge expands the competition to the recycling bin

August 20, 2014 10:23 am ET

GameDay Recycling Challenge is returning this year as college football stadiums will compete to see which school produces the least amount of waste...    More

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for...    More

Image

Flexible film waste-to-oil pilot project continuing in California

August 19, 2014 3:19 pm ET

A recent decision to discontinue operations at a plastics waste-to-oil site in Portland, Ore., is not impacting a pilot program aimed at hard-to-...    More

Image

ISO publishes international standard for measuring phthalates in toys

August 19, 2014 10:40 am ET

The Geneva-based International Organization for Standardization (ISO) has published an international standard on phthalates used as plasticizers in to...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events