MOSCOW (MRC) -- Thai Shinkong Industry Corporation (TSIC), which is a joint venture between Taiwan’s Shinkong and Japan’s Mitsubishi, will hike the nameplate capacity of its recycled polyethylene terephthalate (R-PET) facility in Thailand, said the company.
As more customers and business partners have expressed buying interest for the materials, TSIC increased output to 140,000 tonnes/year from the initially planned 70,000 tonnes/year.
The plant will use the Uhde Inventa-Fischer (UIF) flakes-to-resin (FTR) technology to use R-PET flakes, combined with purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) to produce chemically recycled R-PET pellets.
Previously encountering delays due to the surge of COVID-19 cases in Thailand in the past years, the facility is expected to commence production by end-February to April.
Although the facility will not directly compete for post-consumer bales from the local market, it will secure R-PET flakes which would indirectly hike demand for bales.
We remind, Mitsubishi Chemical Group Corporation announced the start of labormanagement consultation on cessation of the production of methacrylates (MMA) at Mitsubishi Chemical UK's Cassel, said the company. Site, and announced today that its Corporate Executive Officers Committee resolved in the day to cease the production of methacrylates at its Cassel Site subject to completion of the labor-management consultation.