Porsche Temporarily Suspends EV Production! Chip Firm Innovates with Plastic Packaging from Used Cooking Oil

International News Highlights:

Raw Material News- Integration of Plastic and Electronic Technology Empowering Smart Mobility: Multidimensional Innovation of Scootech Scooters.

Recycling NewsTechnip Energies will promote the commercialization of plastic waste upcycling technology.

Automotive NewsPorsche decides on the product.Strategic major adjustment, temporarily abandoning the production of pure electric vehicles.

Packaging NewsAn Australian pioneering chip company utilizes leftover cooking oil to produce plastic packaging, achieving a closed-loop recycling system.

Macroeconomic NewsThe Democratic Republic of the Congo will lift the cobalt export ban in October and introduce a quota system.

Price InformationThe central parity rate of the Chinese yuan against the US dollar is set at 7.1106, up by 22 points.

Here are the details of international news:

Technip Energies will promote the commercialization of plastic waste upcycling technology.

Specialized VisionOn September 22, it was announced that Technip Energies and Anellotech plan to commercialize Plas-TCat® technology. This is an innovative catalytic cracking technology that can convert plastic waste into high-value chemicals.

Two companies have recently completed The multi-year development project of Plas-TCat® technology, which can directly convert 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.

2. Australian Innovation: Chip Company Uses Leftover Cooking Oil to Create Plastic Packaging, Achieving a Closed-Loop Recycling System

Recently, in front of the Geelong refinery in Australia, three workers wearing reflective vests and hard hats were holding chip packaging bags. This scene marks a significant step forward for the Australian snack industry in the field of sustainable development.Snackbrands Australia has completed a trial using recycled oil to produce plastic packaging, providing a new approach for the industry's green transition.

A chip manufacturing company is undertaking an innovative practice at its Geelong factory by using leftover cooking oil to produce food packaging. This closed-loop system trial aims to reduce reliance on virgin plastics and create a more sustainable packaging solution.

Australian snack brand company ownsMultiple well-known chip brands such as Thins, CCs, and Cheezles. The first phase of the trial was successfully completed at Viva Energy's refinery located in Geelong.

3. Integration of Plastics and Electronics Empowering Smart Mobility: Multidimensional Innovation of Scootech Scooters

As part of the "European Mobility Week" event, the Plastics Technology Research Center Aimplas (Spanish Plastics Technology Association) officially launched the innovative electric scooter Scootech. This product integrates cutting-edge Plastics Electronics Integration technology, an emerging technology that focuses on the integrated application of electronic components with plastic materials.

This smart transportation device fully demonstrates the value of solutions based on the integration of plastic and electronics technology. Not only can it enhance safety, efficiency, and sustainability in the field of transportation, but it can also be widely applied in various industries such as automotive, healthcare, and consumer electronics.

Scootech's core advantage lies in integrating advanced technologies such as flexible electronics and capacitive sensors, which not only optimize the user experience but also enhance the practical functions of the vehicle. The most striking innovative design is an ultra-thin central console: it integrates temperature, pressure, strain, and light sensors directly into the scooter's plastic components, achieving a "material as component" integrated design.

Porsche has decided to make significant adjustments to its product strategy.

After a sharp decline in profits in the first half of the year, Porsche made an aggressive shift in strategy.A 180-degree turn, temporarily abandoning the goal of producing more electric vehicles. Porsche announced on Friday that several of its electric models will enter the market later than expected, as a move to "respond to the significantly slowing growth in demand for luxury electric vehicles." The main contents of the strategic adjustment include:

The product portfolio will strategically increase iconic models equipped with internal combustion engines; due to market demand, the originally planned new model will be purely electric.The SUV series (positioned above the Cayenne), initially, will only offer internal combustion engine and plug-in hybrid versions; the existing internal combustion engine models will continue to be sold. For these models, corresponding successor models are also planned; the development of the new electric vehicle platform planned for 2030 will be rescheduled; the existing pure electric vehicle series will be further developed.

5、Coolbrook's pilot facility successfully cracks 100% plastic-waste-derived pyrolysis oil

Coolbrook, a transformational 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) at its large-scale pilot facility using the RotoDynamic Reactor™ (RDR) technology.

Here is the information on the overseas macro market:

Overseas Macro Market:

The Ministry of Commerce: Brazil launches anti-dumping investigation on Chinese acrylic acid. According to the Ministry of Commerce,On September 18, 2025, the Brazilian Foreign Trade Secretariat published Notice No. 70/2025 in the Official Gazette, announcing the initiation of an anti-dumping investigation on imports of acrylic acid (Portuguese: Ácido acrílico) from China, at the request of the company BASF S/A. The Mercosur tariff code for the product in question is 29161110. The dumping investigation period is from January to December 2024, and the damage analysis period is from January 2020 to December 2024.

The Democratic Republic of the Congo willEnding the cobalt export ban in October and introducing a quota systemCongo (DRC) Strategic Minerals Market Regulatory Control BureauOn the 21st, it was announced that the country would end the cobalt export ban that had been in effect since February this year on October 15th, and switch to an export quota system starting October 16th, until further notice. The agency stated in its announcement that for the remainder of this year, mining companies in the Democratic Republic of the Congo will be allowed to export over 18,000 tons of cobalt, with a maximum annual export volume of 96,600 tons for 2026 and 2027. Quotas will be allocated based on the proportion of each company's historical export volume, and "will be notified to each company."

Price Information:

Renminbi to US Dollar Central Parity Rate

The central parity rate of the RMB against the USD is announced.7.1106, up by 22 points; the previous trading day's central parity rate was 7.1128, the previous trading day's official closing price was 7.1125, and the previous night session closed at 7.1188.

[Upstream Raw Material USD Market Price]

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

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

CFR price of propane in North Asia538-539 USD/ton; butane 554-555 USD/ton.

South China Frozen GoodsThe October CFR price for propane is $579-589 per ton; for butane, it is $559-569 per ton.

Taiwan region CIF price, propane538-539 USD/ton; butane 554-555 USD/ton.

【LLDPE USD market price

Film860-915 USD/ton (CFR Huangpu);

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

【HDPE USD market price

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

Hollow:855 USD/ton (CFR Huangpu);

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

Pipe material:USD 1025/ton (CFR Huangpu);

【LDPE USD Market Price

Film1100-1115 USD/ton (CFR Huangpu);

Coating:1280 USD/ton (CFR Huangpu).

【PP USD market price

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

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

Membrane material:1030 USD/ton (CFR Huangpu);

Transparent970-1050 USD/ton (CFR Huangpu);

Pipe:1100 USD/ton (CFR Shanghai).