PETnews 6 NEWS PETplanet Insider Vol. 24 No. 07+08/23 www.petpla.net GlobalData: Asia to lead global PET capacity additions by 2027 Asia is set to lead the global PET industry capacity additions with a share of 61.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Polyethylene Terephthalate (PET) Industry Installed Capacity and Capital Expenditure (CapEx) Forecasts by Region and Countries Including Details Of All Active Plants, Planned and Announced projects, 20232027’ reveals that the total PET capacity of new-build and expansion projects in Asia is expected to be 5.21 million t/a (mtpa) by 2027. Increased usage of plastic in end use industry segments such as food and beverages, FMCG and pharmaceuticals are the key factors for PET industry growth in Asia. Nivedita Roy, oil and gas analyst at GlobalData, comments: “For the upcoming new build projects, the region is expected to add a capacity of 5.13mtpa from six planned and announced projects, whereas, for the expansion of the existing PET projects, the region is expected to add a capacity of 0.08mtpa from two announced and planned projects.” PET capacity: China and India key countries China and India are the key countries in Asia in terms of PET capacity additions. The main capacity addition in China will be from an announced project, Zhejiang Petrochemical Daishan Polyethylene Terephthalate Plant 2, with a capacity of 2mtpa. It is expected to commence production of PET in 2026. Nivedita concludes: “In India, the main capacity will be from Reliance Industries Dahej Polyethylene Terephthalate Plant 2, with a capacity of 1mtpa. It is expected to come online in 2026.” www.globaldata.com CCL Labels acquires IML business Creaprint SL in Spain CCL Industries, a leader in speciality label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced it has acquired privately held Creaprint S.L., based in Alicante, Spain. Creaprint is a specialist in mould label (“IML”) producer with a manufacturing facility in Alicante, Spain, and a sales office in Miami, Florida, with 2022 sales of $17 million. Creaprint has recently invested in a new production facility where operations will relocate later this year. The business will now trade as CCL Label Spain and become an integral part of the Food & Beverage unit in Europe. Coincidentally, the recently announced acquisition of Pouch Partners s.r.l. Italy (“Pouch Partners”) from Pouch Partners AG Switzerland, closed on June 6. www.ccllabel.com Recycling record for PET to PET: 17,700 tons in the first half of 2023 Following last year’s recycling record, PET to PET Recycling Österreich GmbH in Müllendorf, Austria, has once again recorded a record figure for the first half of 2023: 17,755 t of PET beverage bottles were kept in the resource cycle – an increase of more than 17% compared to the previous year (2022: 15,131 t). “We are of course delighted with the increase in the volume processed and thus an even better closing of the PET beverage bottle loop in Austria – however, we are looking forward to a very challenging future. In the second half of the year, a significant decline in recyclates used is expected on the market, due to a persistently difficult economic situation, still very high inflation and, above all, a large price difference between primary raw material (virgin) and secondary raw material (recyclate),” explains Christian Strasser, managing director of PET to PET. Innovations at PET to PET: Construction of a PV plant The site area for the storage of food-grade finished products, which was expanded in 2022, was successfully roofed over in a further step. A photovoltaic system with an area of 6,400m² and an output of 1,200 kWp is currently being installed on the completed roof structure. This will involve the use of 2,373 PV panels, which in future will cover around 8% of the electrical energy required from the company’s own generation. In further expansion stages, this value is to be further increased. In the past, the recycling company has already relied 100% on renewable energy to operate its plants. www.pet2pet.at
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