Press Releases

LyondellBasell and 23 Oaks Investments, Leiferde/Lower Saxony, Germany, signed an agreement to create Source One Plastics, a joint venture that will build an energy efficient, advanced plastic waste sorting and recycling facility in Germany. Using renewable energy from wind and biomass, the new unit is designed to process the amount of plastic packaging waste generated by approximately 1.3 million German citizens per year. This waste is not recycled today and is mostly incinerated.

LyondellBasell and Genox Recycling today jointly announce they have signed a memorandum of understanding (MoU) to establish a joint venture (JV) to build a plastics recycling plant in Zhaoqing, Guangdong Province with a planned start up in 2023. The plastic recycling plant will use mechanical recycling technology to recycle post-consumer plastic waste and produce new polymers sold under the LyondellBasell CirculenRecover product portfolio. This JV aims to reduce the amount of plastic waste se

BASF will invest in a new world-scale Neopentyl Glycol (NPG) plant with an annual production capacity of 80,000 metric tons at its new Zhanjiang Verbund site, China. With the new NPG plant expected to come on stream in Q4 2025, BASF’s global NPG capacity will be boosted from 255,000 metric tons to 335,000 metric tons annually, strengthening its position as one of the world’s leading NPG manufacturers. Currently, BASF has NPG production facilities in Ludwigshafen, Germany; Freeport

K2022 is the premier trade fair for the plastics industry being held in Dusseldorf, Germany, October 19-26, 2022. The focus this year is on the Circular Economy, Digitalization and Climate Protection. iMFLUX will be exhibiting in hall #15/D23. Due to industry partnerships, there are multiple ways to see the benefits of the innovative low-constant-pressure molding platform. iMFLUX has partnered with Milacron to demonstrate the iMFLUX software on the Milacron eQ series press. Demonstr

Orion Engineered Carbons, a specialty chemical company, today announced that the company will release its third quarter 2022 results after the market closes on Thursday, November 3, 2022, to be followed by a conference call on Friday, November 4, 2022, at 8:30 a.m. (EDT). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone at th

Hillenbrand, Inc. announced today it has completed the acquisition of LINXIS Group from IBERIS INTERNATIONAL S.À R.L, an affiliate of IK Partners, and additional sellers, for total aggregate consideration of €596.2 million, reflecting an enterprise value of approximately €572 million plus cash acquired at closing. "The completion of the LINXIS Group acquisition marks a clear step forward in the execution of our strategy to grow as a world-class industrial compa

For some time now, bioplastics have been used for more than just garbage bags or mulch films: Biopolymers are increasingly found in durable high-performance products, for example in demanding automotive applications, casings for the electronics industry or materials for the construction industry. Biodegradability is often an advantage, for example for packaging films, disposable tableware or medical implants. By now, however, "bio" versions are available for virtually all types and

IPACKCHEM Group announced it has acquired a majority stake in TPG Plastics LLC (“TPG”), a leading manufacturer of engineered plastic blow molded products, to bring IPACKCHEM’s Advanced In-Mold Fluorination technology (“Advanced IMF”) to North America, with an initial focus on the crop protection market for the 2023-24 growing season. Founded in 1987, IPACKCHEM is a leading global supplier of innovative and specialized barrier packaging solutions that se

Mitsui Chemicals, Inc., and Mitsui Chemicals Europe GmbH  will exhibit at K2022 – the World’s No.1 Trade Fair for Plastics and Rubber as the Mitsui Chemicals Group. The event is scheduled to be held from October 19–26, 2022 in Düsseldorf, Germany. At the trade fair, under the slogan “Feel Good Chemistry for a sustainable world”, the Mitsui Chemicals Group will present innovative materials and solutions that contribute to the circular

Canada Plastics Pact (CPP) is pleased to welcome six new Partners in Q3 of 2022 who are uniting under the CPP’s shared action plan to build a circular economy for plastics packaging in Canada. New CPP Partners includes reusable packaging borrowing services, a manufacturer in stretch film products, a leading independent research organization, a non-governmental organization working to eliminate plastic pollution in Canada, and an organization working to lead Canada’s dire

When the Director of Additive Manufacturing Dr. Eduardo Barocio joined Purdue close to a decade ago, he wanted to make a meaningful impact on the industry, and understood that the emerging technology had its own unique set of challenges. On October 19th, at CAMX in Anaheim, CA, Eduardo, alongside Techmer PM’s Anthony Fiorini, will be discussing a revolutionary simulation workflow designed to help companies reduce development time/cycles, reduce wasted material, and improve the physical

Chevron Phillips Chemical Company LLC today announced the appointment of Darren Ercolani as senior vice president and chief financial officer, effective Oct. 1. Ercolani will succeed Carolyn J. Burke, who has resigned from the company effective Sept. 30. He will continue to report to Bruce Chinn, president and CEO. Ercolani, currently senior vice president, business transformation, has 30 years of industry experience and joined Chevron Phillips Chemical from Phillips Petroleum (now