Press Releases

As per the report published by Fior Markets, The global plating on plastics (POP) market is expected to grow from USD 537 million in 2019 to USD 1008.78 million by 2027, at a CAGR of 8.2% during the forecast period 2020-2027. North America is expected to dominate the market during the forecast period. The substantial growth of the consumer electronics industry in the region is expected to drive the market growth. The advancements in the technologies with the coming of IoT, virtual reality, an

Orion Engineered Carbons, a specialty chemicals company, announced today that it will complete its gas black expansion in Germany at plants in Dortmund and Cologne by early 2023. Orion is the only carbon black producer in the industry with gas black capabilities. Gas blacks, known for excellent dispersion and coloristics, are used in coatings, printing ink and other applications. “The expansion in Germany is core to our strategy to further strengthen our leadership i

2.7 million metric tons of plastic waste are generated in the Philippines each year with about 20 percent ending up in the ocean. An estimated 163 million pieces of single-use plastics known as multilayer sachets are consumed daily in the Philippines. Thanks to the generous new investment provided by Charter Next Generation, PLAF will continue to take on the challenge of collecting and recycling 100 tons per year of ocean-bound plastic waste over the next three years in the Philippi

According to Waste Sense, provider of independent waste management services Melbourne-wide, the Australian government and recycling industry has made a significant investment to improve recycling infrastructure and technologies aimed at increasing domestic recycling capacity. The regulations have been designed to ensure 70% of plastic waste is either recycled or composted by 2025. Waste Sense says this year's federal budget added an extra $60.4 million to the Recycling Modernisa

S&B Engineers and Constructors (S&B) signs a multi-year master service agreement to provide engineering, procurement and construction (EPC) services for New Hope Energy’s plastics pyrolysis unit. The initial project under this partnership is the expansion in Tyler, Texas. The expansion will add 420 metric tons per day of capacity to convert plastic waste to chemical feedstocks in the existing facility. This expansion will allow the Tyler plant to divert more than 300 million pou

Cleanroom Film and Bags (CFB), a division of C-P Flexible Packaging, has expanded its manufacturing footprint with a new solar-powered and ISO-certified facility in Placentia, California. This expansion allows the company to meet increased demand for high-quality, certified cleanroom packaging for a growing customer base, while remaining true to CFB’s 100% American-made commitment. The modernized facility features ISO-certified cleanrooms with environmental monitoring climate

As per the report published by Fior Markets, The global thermoplastic pipe market is expected to grow from USD 2.73 billion in 2019 to USD 4.14 billion by 2027, at a CARG of 5.3% during the forecast period 2020-2027. The Asia-Pacific region dominates the market because of high demand of thermoplastic pipe in chemical and other industries, followed by North America and Europe. Also, Middle East & Africa regions are predicted to have a healthy growth in the forecast years due to increasing

H.I.G. Capital, a leading global alternative investment firm with over $49 billion of equity under management, is pleased to announce that one of its affiliates has completed the acquisition of Pixelle Specialty Solutions Holding LLC (“Pixelle” or the “Company”). Headquartered in Spring Grove, PA, Pixelle is a leading provider of fiber-based specialty solutions in North America. Pixelle owns and operates four industry-leading specialty paper mills located in

TotalEnergies and New Hope Energy today announced a commercial agreement under which New Hope Energy will build an advanced recycling plant in Texas to transform end-of-life plastic waste into a recycled feedstock that TotalEnergies will partly purchase and convert into virgin-quality polymers, which can be used for food-grade packaging. The New Hope Energy plant is expected to start production in 2025 and will use a patented pyrolysis technology that was developed in partnership wi

The worth of global polyethylene terephthalate market stood at US$ 31.45 Bn in 2020. The global market is likely to rise at a CAGR of 5.8% during the forecast period, from 2021 to 2031.The global polyethylene terephthalate market is anticipated to attain valuation of US$ 58.47 Bn by 2031. The global polyethylene terephthalate market is expected to recover due to strict government environmental laws and rising consumption for thermal insulation products. In order to diversify sources of revenu

Tosaf, Inc., a leading global developer and manufacturer of additives, compounds, and color and white masterbatches for the plastics industry, today announced the completion of additional capital investments in its Bessemer City, N.C. plant. The latest commitment of $2 million for a silo system and additional extruders brings the company’s total investment in the facility to more than $20 million. The silos were installed to take advantage of a rail spur that serves the plant.

The Chemours Company, a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced its participation leading a three-year recycling research project in collaboration with industry, academic, and government experts to develop an efficient, cost-effective, and more sustainable process for recovering titanium dioxide (TiO2) and polymers from plastic end-use products. The initiative, dubbed Re