In New York, energy analyst Pavel Molchanov released an evaluation of the financial impact, on Gevo, of the investments and partnerships for bio-based plastics announced by Coca-Cola last week.
Molchanov writes: “For polyethylene terephthalate (PET) specifically, the global market is ~54 million metric tons (~$100 billion), with ~30% used for plastic bottles. Para-xylene is a key raw material used in PET production. Gevo has previously announced supplying Toray, a leading chemical company based in Japan, with lab-scale quantities of renewable para-xylene. Toray has successfully converted Gevo’s para-xylene into PET films and fibers.”
More background on the story from the Digest
Category: Producer News