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MOSCOW (MRC) -- Agilyx Corp. has
licensed its technology to Toyo Styrene Co. for use in a new facility to be
built in Japan that will recycle post-use polystyrene (PS) back to styrene
monomer (SM), as per Apic-online.
The plant, which will
be located near Toyo Styrene's existing facility in China Prefecture, will have
a processing capacity of up to 10 t/d of post-use PS. Agilyx and Toyo have
begun engineering and development of the project. Operations are expected
to begin in early 2022.
"This announcement marks our formal entrance into
the Asian markets to deliver circular pathways for plas-tics," said Agilyx Chief
Executive Joe Vaillancourt.
"We are excited to be working with a group
that shares our mission of reducing the impact on the global environment by
increasing recycled content in new products while reducing the dependency on
virgin material. Toyo Styrene has been a leader in developing eco-friendly
products for the efficient use of plastics."
According to ICIS-MRC Price
report, in Russia, Nizhnekamskneftekhim reduced its April selling PS prices
by Rb10,000/tonne. GPPS for injection moulding and extrusion was offered
at Rb86,000-90,000/tonne CPT Moscow, including VAT, whereas HIPS - at
Rb90,000-94,000/tonne CPT Moscow, including VAT. Penoplex reduced its GPPS
prices by Rb10,000/tonne. Demand for the Kirishi plant's material remained quite
good. And Gazprom neftekhim Salavat reduced its indicative prices by
Rb8,000/tonne, and its GPPS prices for small- and medium-sized buyers have not
been settled yet. |
