By weight, PET consists of 70% terephthalic acid and 30% monoethylene
glycol. Bio-PET is made by replacing monoethylene glycol (MEG) with a
raw material derived from sugar cane. Toyota plans to replace 20% (by
weight) of all oil-based plastics for cars with bio-plastics by 2015,
amounting to approximately 360,000 tons of bio-plastics. The Bio-PET
may be used in seats and carpeting and other interior components that
require a high level of performance unattainable by previously available
bioplastics. The opening of Braskem plant in Brazil is speeding
Toyota’s use of bioplastics. The Japanese major has committed to buy 40%
of the output of Braskem’s new 200,000 tpa ethylene from sugar. SEE MORE Vietnam cut its interest rates to
support a slowing economy even as the nation faces Asia’s
fastest inflation.
The State Bank of Vietnam reduced the refinancing rate for
the first time since 2009 to 14 percent from 15 percent,
effective tomorrow, it said in a statement on its website today.
It also cut the discount rate to 12 percent from 13 percent and
the dong deposit cap for terms of one-month and above to 13
percent from 14 percent. SEE MORE On the second day of the cabinet meeting in Hanoi on Dec 23, Prime Minister Nguyen Tan Dung affirmed that the Government will target an inflation rate under 9 percent in 2012. SEE MORE 12:00 AM @ 01/01/1900
(VOV) - The Hongkong and Shanghai Banking Corporation (HSBC) has predicted that the weaker import demand and a controlled weakening of the exchange rate by the SBV will help stabilise the Vietnam dong (VND) in 2012.SEE MOREThe yen and dollar dropped against most major peers as Asian shares climbed on Chinese measures to sustain economic growth, curbing demand for refuge assets. SEE MORE
