AKRON, OHIO (Oct. 1, 12:15 p.m. ET) — A PVC price increase that ends two months of flat pricing in North America is featured in this week's Material Insights video.
Regional PVC prices rose an average of 3 cents per pound in September. Higher prices for ethylene-based feedstocks and stronger demand from construction markets played roles in the increases. Prices had been flat since falling a combined 7 cents per pound in May and June. PVC makers now are working on a 5-cent increase for October.
Coca-Cola Co.'s plan to build a massive PET feedstock plant in Brazil also is featured in this week's video. The plant in Araraquara, Brazil, would make more than 1 billion pounds of bio-based monoethylene glycol each year and is expected to open in late 2014. Coke is building the plant in a partnership with JBF Industries of Mumbai, India. Coke has set a goal of having its plant bottles made 100 percent from material derived from plants.
The video wraps up with news that French firm Limagrain Céréales Ingrédients is building a plant in Pato Branco, Brazil, making bioplastic granules. The granules use biodegradable maize cereal flour as a feedstock and can be used in a variety of plastics applications.
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