MOSCOW (MRC) -- Plastic recycler Morssinkhof-Rymoplast will build a 30,000 tonne/year flexible recycled low density polyethylene (R-LDPE) plant in Markranstadt, Germany, said the company.
The new unit is scheduled to come onstream in Q1 2023. Once the plant is onstream it will bring Morssinkhof-Rymoplast’s overall R-LDPE flexible pellet capacity to more than 100,000 tonnes/year. The company is investing EUR30m in the new unit.
The R-LDPE flexible pellet market remains structurally short, and consumption from the packaging sector high - despite concerns of an impact on demand from any economic downturn created by the cost of living crisis.
There has been talk this month of delays to the onboarding of new capacity in the market from 2023 to 2024 because of delays to equipment delivery and building schedules because of wider backlogs in the construction industry. Some sellers are already sold out of material for the remainder of 2022.
As per MRC, PTT Global Chemical (PTTGC) shut its No. 2 linear low density polyethylene (LLDPE) plant in Map Tai Phut complex last week after encountering an unexpected technical issue. At present, it is unclear on the restart schedule for this plant with the production capacity of 400,000 mt/year LLDPE. The company also operates No. 1 LLDPE plant at the same site, which has an annual output of 410,000 mt/year. Overall, PTT has a total capacity of 800,000 mt/year of high density polyethylene (HDPE), 345,000 mt/year of LDPE and 800,000 mt/year of LLDPE at the same site.
As MRC reported earlier, PTTGC was in plans to undertake a brief shutdown for maintenance at its LDPE plant in October, 2021. However, the exact dates of the turnaround were not given.