Press Releases

Prospera Energy is primarily focused on optimizing hydrocarbon recovery through environmentally safe and efficient reservoir development methods and production practices. Restructured PEI has elevated gross production levels to 925 Boepd (750bpd) from 80bpd in the span of a year and a half. PEI has piloted horizontal laterals in order to assess and improve technical and economic efficiency to effectively capture the significant remaining reserves (400milion bbls). PEI’s primar

Repeats Group B.V. a pan-European plastics recycling platform focused on the production of high-quality recycled low-density polyethylene ("LDPE") from post-industrial and commercial films, announced today that it has made an investment in Polimero Srl ("Polimero" or the "Company"), a producer of recycled LDPE located in northern Italy, close to Venice. The financial terms of the transaction were not disclosed. Repeats is a portfolio company of Ara Partners (&quo

The global plastic waste management market is expected to grow from $34.13 billion in 2021 to $35.25 billion in 2022 at a compound annual growth rate (CAGR) of 3.30%. The plastic waste management market is expected to grow to $41.39 billion in 2026 at a compound annual growth rate (CAGR) of 4.09%. The plastic waste management market consists of the sales of plastic waste management services by entities (organizations, partnerships, and sole proprietors) that are used to provide disp

M. Holland Company, a leading international distributor of thermoplastic resins and ancillary materials, announced expanded access to 3D printing filaments from Braskem, a global chemical and petrochemical company. M. Holland’s 3D Printing clients now have access to polyethylene (PE) and glass fiber reinforced polypropylene (PP) filaments. Both materials deliver high printability, reduced warpage and shrinkage, and better interlayer adhesion than other filament options in the 3D printin

Xeriant, Inc.  a Company dedicated to the discovery and development of advanced materials and technology, announces today that it has trademarked NEXBOARD™ as the commercial name for its green Retacell®-based wall panels, which can be used to replace wallboard products made from gypsum and wood, such as drywall, plywood, OSB (oriented strand board) and MDF (medium-density fiberboard) for new and retrofit construction. Xeriant continues to work with several large firms – b

Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Enflo LLC. Based in Bristol, CT with a second facility in Grand Falls, NB, Canada, Enflo is one of the leading manufacturers of Polytetrafluoroethylene (PTFE) products in North America. Founded in 1954, Enflo manufactures a wide range of PTFE shapes including molded cylinders/tubes and sheets, skived sheets, tape, and extruded rods and tubing - in standard and custom sizes. The comp

Seatex, LLC , a leading specialty chemical manufacturer and formulator, is pleased to announce the acquisition of ChemQuest Chemicals, LLC (“ChemQuest”), a custom chemical manufacturer headquartered in Pasadena, Texas. For over twenty-five years, ChemQuest has provided custom toll manufacturing services to customers globally, with expertise in complex blending and reactionary synthesis. This acquisition provides Seatex with enhanced production capabilities, increased capacity and

INDEVCO Plastics, a sustainable plastics manufacturing division of INDEVCO North America, has named Demetri Papachristopoulos as VP of Sales & Marketing, effective September 6, 2022. Papachristopoulos brings two decades of experience in sales and marketing to INDEVCO Plastics, with extensive industry knowledge of plastics extrusion and flexible packaging converting. “Demetri is an accomplished and versatile leader adept at developing and leading high performing t

 Parallaxes Capital Management , the premier investment firm focused exclusively on monetizing Tax Receivable Agreements ("TRAs"), is pleased to highlight a notable development in the market as Graham Packaging Company, Inc. ("Graham Packaging") previously terminated its TRA. Graham Packaging had disclosed that, after its acquisition by Reynolds Group Holdings Limited ("Reynolds"), Reynolds made an aggregate cash payment of $245 million pursuant to

Footprint, a global materials science technology company focused on creating a healthier planet through design, development and advanced manufacturing of plant-based biodegradable, compostable and recyclable solutions to replace single- and short-term use plastics, and Gores Holdings VIII, Inc. (“Gores Holdings VIII”) (Nasdaq: GIIXU, GIIX and GIIXW), today announced strategic amendments to the terms of their previously announced definitive merger agreement (the “Merger Agree

Advanced Drainage Systems, Inc., a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries and the largest plastic recycler in North America, today announced plans to invest a total of approximately $65 million in Hilliard, Ohio, near the company's existing headquarters. This investment will fund the development of a nearly 110,000-square-foot industry-leading Engineering & Technology Center. "The ADS Engineeri

PEARL RIVER HOLDINGS LIMITED  is pleased to announce that the termination date for Pearl River’s joint venture, Guangzhou Rodman Plastics Company Limited (“GRPC”), which was established in the People’s Republic of China, has been removed pursuant to amended Articles of Association under laws of People’s Republic of China dated August 29 2022, ‎and a revised joint venture agreement dated August 29, 2022 between Pearl River’s indirect wholly owned su