Press Releases

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

LG Chem announced that it has developed a new plastic product for battery application that is capable of preventing the spread of flame in batteries, delivering the longest fire-resistance performance in the world. LG Chem’s flame-retardant engineering plastic product is able to prevent the spread of flames, thanks to the company’s proprietary technology and manufacturing methods. The new advanced flame barrier product created by LG Chem is a highly functional engineerin

Hoffmann Neopac, a global provider of high-quality packaging for pharma, beauty and oral care, has "capped off" its commitment to reducing plastics in its tube designs. The company has introduced Eco-Stripped Tube, which combines a significantly reduced sleeve wall thickness with a comparable materials reduction in the shoulder and cap. The result is a 30% reduction in overall virgin materials without sacrificing product protection, haptics or esthetics. For cosmetics and

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, is pleased to announce that it has signed an agreement to sell its portfolio company Valtris Specialty Chemicals (the “Company” or “Valtris”) to an affiliate of funds managed by SK Capital Partners (“SK Capital”). Valtris is a leading manufacturer of specialty polymer additives and specialty chemicals for a

Successfully creating sustainable and recyclable packaging starts during the design phase: The right choice of adhesive significantly influences what can be done with the package at the end of its primary use. With its RE range of adhesives and coatings designed for recycling, Henkel enables packaging to go beyond current functionalities – to create flexible packaging that has recyclability “built in”. Products in this range must fulfill stringent external testing requiremen

Intertape Polymer Group Inc., announces the opening of its newest facility in Widnes, United Kingdom ("UK"). The facility will be fully operational in the second quarter of 2022. This facility will service the growing need for sustainable packaging solutions in the region with a focus on the production and distribution of IPG’s Curby Mailer™. “Growing our global footprint with the addition of the Widnes manufacturing facility positions IPG to service the

As per a newly published report on antimicrobial plastic by Fact.MR, a market research and competitive intelligence provider, the global market is projected to be valued at US$ 36.54 billion in 2022, and expand at a high CAGR of 7.2% over the period of 2022-2032. Demand for antimicrobial plastic is surging from the automobile and packaging sectors. There is increasing demand from the automotive industry where the use of plastic is necessary to improve fuel efficiency by making vehicles lighte

UFP Industries announced that its affiliate, Deckorators, Inc., acquired Cedar Poly LLC, for $17 million. The purchase price includes incentive payments of up to $1.5 million over three years if Cedar Poly meets certain performance goals. Founded in 2007 and based in Tipton, Iowa, Cedar Poly is a full-service recycler of high-density and low-density polyethylene (HDPE and LDPE) flakes and pellets used in various products, including composite decking. The company also recycles corrug

Aduro Clean Technologies Inc., a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, announces its membership in the Canada Plastics Pact (CPP). The CPP is part of the Ellen MacArthur Foundation’s global Plastics Pact network, joining other plastics pacts across the world in a network of national and regional initiatives working towards the vision of a