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Demand for PET containers continues to exceed supply

July 11/2012

(Recycling Today) -- Demand for polyethylene terephthalate (PET) bottles and recycled PET (RPET) continues to outpace supply. With additional RPET production capacity coming online recently and announcements of future expansions on the part of companies such as US Fibers and Perpetual Recycling Solutions, demand is likely to continue exceeding supply, which will affect pricing for RPET and PET bales.

"The demand for bottles to recycle and RPET continues to grow in the market as more manufacturers and products continue to look for opportunities to create and promote sustainability and a green story regarding their product offerings,"  Turner Plunkett, president of the board of directors at Clear Path Recycling LLC, Fayetteville, N.C., says.

Clear Path is a joint venture between Shaw Industries Group Inc. and DAK Americas LLC created to recycle post-consumer PET bottles to produce RPET flake. Shaw Industries is a carpet manufacturer and floor covering provider, while DAK Americas produces polyester staple fiber PET resin.

While PET containers continue to grow in terms of market share, the recovery rate for this material has been holding fairly steady.


mrcplast.com
Author:Margaret Volkova
Tags:polyether, PET, bottles others, PET bottles.
Category:General News
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