Porsche Temporarily Halts Pure Electric Vehicle Production! Chip Company Makes Plastic Packaging from Waste Cooking Oil

International News Roundup:

Raw Material News: Plastics-Electronics Integration Technology Empowers Smart Mobility: Multi-Dimensional Innovations of Scootech Scooter

Recycling News: Technip Energies to Drive Commercialization of Plastic Waste Upcycling Technology

Automotive News: Porsche Decides on Major Product Strategy Adjustment, Temporarily Abandoning Pure Electric Vehicle Production

Packaging News: Australian Chip Company Pioneers Plastic Packaging Made from Waste Cooking Oil, Achieving Recycling Closed-Loop

Macroeconomic News: DRC to Lift Cobalt Export Ban in October and Introduce Quota System

Price News: RMB/USD Central Parity Rate Reported at 7.1106, Up 22 Pips

Details of International News:

Technip Energies to Drive Commercialization of Plastic Waste Upcycling Technology

Plastmatch learned on September 22 that Technip Energies and Anellotech plan to commercialize Plas-TCat® technology, an innovative catalytic cracking technology that converts plastic waste into high-value chemicals. The two companies have recently completed a multi-year development project for Plas-TCat® technology, which can directly transform mixed plastic waste into basic chemicals for the production of new plastics. Their collaboration aims to bring scalable, economically viable and sustainable changes to global plastic waste management.

Australian First: Chip Company Makes Plastic Packaging from Waste Cooking Oil, Achieving Recycling Closed-Loop

Recently, in front of the Geelong oil refinery in Australia, three staff members wearing reflective vests and hard hats held potato chip packaging bags—a scene marking a significant step forward for Australia’s snack industry in sustainable development. Snackbrands Australia has completed a trial of producing plastic packaging using recycled oil, providing new ideas for the industry’s green transformation. A chip manufacturing company has carried out innovative practices at its Geelong factory, using waste cooking oil to produce food packaging. This closed-loop system trial aims to reduce reliance on virgin plastic and create more sustainable packaging solutions. Snackbrands Australia owns several well-known chip brands including Thins, CCs and Cheezles. The first phase of the trial was successfully completed at Viva Energy’s Geelong oil refinery.

Plastics-Electronics Integration Technology Empowers Smart Mobility: Multi-Dimensional Innovations of Scootech Scooter



As part of the "European Mobility Week" activities, Aimplas (the Spanish Plastics Technology Association), a plastic technology R&D center, officially launched the innovative electric scooter Scootech. The product integrates cutting-edge plastics-electronics integration technology—an emerging technology whose core lies in the integrated application of electronic components and plastic materials. This smart mobility tool fully demonstrates the value of solutions based on plastics-electronics integration technology—it not only improves safety, efficiency and sustainability in the mobility field, but also can be widely applied in industries such as automotive, healthcare and consumer electronics. The core advantage of Scootech lies in the integration of advanced technologies such as flexible electronics and capacitive sensors, which not only optimizes user experience but also enhances the practical functions of the vehicle. Among the most striking innovative designs is an ultra-thin central console: it directly integrates temperature, pressure, strain and light sensors into the plastic components of the scooter, realizing the integrated design of "material as component".

Porsche Decides on Major Product Strategy Adjustment

After a sharp drop in first-half profits, Porsche has made a radical shift, making a 180-degree turn in its strategy and temporarily abandoning the goal of producing more pure electric vehicles. Porsche announced on last Friday that several of its electric models will enter the market later than expected, a move to "respond to the significant slowdown in demand growth for luxury pure electric vehicles". The main contents of the strategy adjustment include: the product portfolio will increase targeted brand iconic models equipped with internal combustion engines; due to market demand, the new SUV series (positioned above the Cayenne) that was originally planned to be pure electric will only offer internal combustion engine and plug-in hybrid versions for its initial models; existing internal combustion engine models will continue to be sold, and corresponding successor models are also planned to be launched; the development of the new electric vehicle platform scheduled for 2030 will have its timetable rearranged; the existing pure electric vehicle series will be further developed.

Coolbrook’s Pilot Facility Successfully Cracks 100% Plastic Waste-Derived Pyrolysis Oil

Coolbrook, a transformative technology and engineering company, has achieved a major breakthrough in circular plastics and materials by successfully cracking 100% plastic waste-derived pyrolysis oil (py-oil) using RotoDynamic Reactor™ (RDR) technology at its large-scale pilot facility. As the first company in the world, Coolbrook has proven that 100% pyrolysis oil derived from plastic waste can be directly cracked in the RotoDynamic Reactor (RDR) while still delivering high yields of ethylene and propylene and maintaining stable operation. This achievement highlights the robustness and unique capability of Coolbrook’s electrified cracking technology in processing alternative circular feedstocks.

Overseas Macroeconomic Market Information:

Ministry of Commerce: Brazil Initiates Anti-Dumping Investigation into Chinese Acrylic Acid

According to the Ministry of Commerce, on September 18, 2025, the Brazilian Foreign Trade Secretariat issued Announcement No. 70 of 2025 in the Official Gazette, deciding to initiate an anti-dumping investigation into acrylic acid (Portuguese: Ácido acrílico) imported from China at the application of BASF S/A. The Mercosur tariff code of the products involved is 29161110. The dumping investigation period of this case is January-December 2024, and the injury analysis period is January 2020-December 2024.

DRC to Lift Cobalt Export Ban in October and Introduce Quota System

The Regulatory Authority for Strategic Minerals Markets in the Democratic Republic of the Congo (DRC) announced on the 21st that the country will lift the cobalt export ban implemented since February this year starting from October 15, and switch to an export quota system from October 16 until further notice. In a statement, the authority said that for the remaining months of this year, mining companies in the DRC will be allowed to export more than 18,000 tons of cobalt, with a maximum annual export volume of 96,600 tons in 2026 and 2027. Quotas will be allocated based on the proportion of enterprises’ historical export volumes, and "each company will be notified".

Price Information:

RMB/USD Central Parity Rate
The central parity rate of RMB against the U.S. dollar was reported at 7.1106, up 22 pips; the central parity rate of the previous trading day was 7.1128, the official closing price of the previous trading day was 7.1125, and the night session closing price was 7.1188.

Upstream Raw Material USD Market Prices

Ethylene Asia: CFR Northeast Asia 845 USD/ton; CFR Southeast Asia 840 USD/ton.

Propylene Northeast Asia: FOB South Korea average 770 USD/ton; CFR China average 805 USD/ton.

North Asia frozen cargo CIF: Propane 538-539 USD/ton; Butane 554-555 USD/ton.

South China frozen cargo CIF for late October: Propane 579-589 USD/ton; Butane 559-569 USD/ton.

Taiwan region frozen cargo CIF: Propane 538-539 USD/ton; Butane 554-555 USD/ton.

LLDPE USD Market Prices

Film: 860-915 USD/ton (CFR Huangpu);

Injection Molding: 1050 USD/ton (CFR Dongguan);

HDPE USD Market Prices

Film: 910-980 USD/ton (CFR Huangpu);

Blow Molding: 855 USD/ton (CFR Huangpu);

Injection Molding: 870 USD/ton (CFR Huangpu);

Pipes: 1025 USD/ton (CFR Huangpu);

LDPE USD Market Prices

Film: 1100-1115 USD/ton (CFR Huangpu);

Coating: 1280 USD/ton (CFR Huangpu).

PP USD Market Prices

Homopolymer: 855-920 USD/ton (CFR Huangpu);

Copolymer: 875-900 USD/ton (CFR Nansha);

Film Grade: 1030 USD/ton (CFR Huangpu);

Transparent Grade: 970-1050 USD/ton (CFR Huangpu);

Pipe Grade: 1100 USD/ton (CFR Shanghai).