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MOSCOW (MRC) -- Americas Styrenics
(AmSty; Woodlands, Texas) has announced a price increase for all its grades of
polystyrene (PS), effective as of 1 March 2021, said Chemweek.
The
rise of 11 cents/pound (cts/lb) supersedes all other previously announced price
changes, it says. AmSty increased its PS prices by 3 cts/lb on 1 February this
year. No comment on the reason for the increase was given by the company, a
50/50 joint venture of CPChem and Trinseo.
As per MRC, with an end goal
of keeping polystyrene products out of landfills through an innovative circular
recycling process, AmSty is announcing its
commitment that all products designed for foodservice and food packaging
applications will contain 25 percent recycled content by 2030. The leading
integrated producer of polystyrene and styrene monomer continues to reach
milestones toward this goal with its circular recycling process operating
commercially at Regenyx LLC, its joint venture with Agilyx
Corporation.
Styrene is the main feestock for the production of
polystyrene (PS).
According to MRC's ScanPlast report,
Russia's estimated consumption of PS and styrene plastics totalled 454,990
tonnes in the first eleven months of 2020, which corresponds to the last year's
figure. November estimated consumption of PS and styrene plastics grew by 4%
year on year to 45,830 tonnes.
AmSty is a JV between Trinseo and Chevron
Phillips Chemical (CPChem). |
