Press Releases

Honeywell today announced that it has introduced a new solution for producing renewable naphtha for petrochemical production using the commercially proven Honeywell UOP Ecofining™ technology.  The new pathway can produce high yield of naphtha from sustainable feedstocks like used cooking oil and animal fats. Naphtha is a valuable petrochemical feedstock used in the production of plastics, specifically olefins that are building blocks for other chemicals and aromatics that

Origin Materials, Inc., the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and the Green Chemistry Division of the Minafin Group (“Minafin”), a global specialty chemical company, are entering into a strategic partnership to industrialize high-value specialty materials based on Origin’s carbon-negative materials. The partnership includes multiple collaboration areas and is an im

Kaneka Corporation has decided to significantly increase production capacity for KANEKA Biodegradable Polymer Green Planet™ (referred to below as "Green Planet™") in Japan. Plastic pollution has become a widespread problem with single-use plastics being banned in many places around the world. In Japan, as well, the Act on Resource Circulation for Plastics, slated to go into effect in April of this year, will mandate a reduction in single-use plastics. Green Pla

Braskem S.A., the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced its investment in Nexus Circular LLC ("Nexus"), a commercial leader in advanced recycling that converts landfill-bound plastics into circular feedstocks used in the production of sustainable virgin plastics.   Mark Nikolich, CEO, Braskem America, stated, "At Braskem we have a clear, long-term vision

Specialty chemicals company LANXESS and Matrìca, a joint venture between Versalis (Eni) and Novamont, have partnered to produce sustainable biocide preservatives from renewable raw materials. Starting in January 2022, the Matrìca plant at Porto Torres (Sardinia, Italy) will supply LANXESS with bio-based raw materials from vegetable oils which LANXESS will use to manufacture a new series of industrial preservatives broadening its Preventol range. With this partnership,

Among the countries in Southeast Asia, Singapore has taken a special place for being an ideal investment site for major players in the plastics industry as many of them operate subsidiaries and retain their production facilities in the country. These global companies are attracted by Singapore’s investment incentives, efficient infrastructure and professional workforce.Jurong Island, located southwest of the main island of Singapore, offers excellent infrastructure that it is now home t

Aligned on the growing importance of environmentally responsible products in the baby and toddler market, Smart Plastic Technologies and Munchkin, Inc. announced today that they have signed an exclusive joint development agreement to create baby lifestyle products using Smart Plastic's patent-pending ECLIPSE™ technology. This partnership will introduce revolutionary consumer goods to the baby and toddler market, which is estimated to be worth USD 25 billion by 2028. "

Honeywell announced its intent to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas. The facility will use Honeywell's recently announced UpCycle Process Technology to transform end-of-life plastic waste into recycled polymer feedstock that can be used to create new plastics. Honeywell's new UpCycle Process Technology reduces the need for fossil feeds in the creation of virgin plastics, with the goal of enabling a circular economy fo

Heartland and Ravago Americas have executed a joint development agreement to create the next generation of plastic resins. This collaboration aims to drive material innovation for companies that buy large volumes of plastic. Heartland’s hemp additives will help these manufacturers reduce the cost, weight, and carbon footprint of the raw materials they rely on every day. Ravago is one of the world's largest plastic recyclers, compounders, and distributors. Ravago and its su

ABC Technologies Holdings Inc., a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry, today announced that it has entered into a definitive agreement to acquire Karl Etzel GmbH (“Etzel”) from the Schürrle family for approximately US$95 million (the “Etzel Acquisition”). Based in Muhlacker, Germany, Etzel was founded in 1976 and is a leading tier-1 and tier-2 s

PureCycle Technologies, Inc.  in partnership with EXPLR Media, announced an episode of EXPLR's upcoming "Everyday Science Stuff" original series, which will spotlight PureCycle's unique recycling process that uses proprietary technology to transform common plastic waste which would otherwise find its way into landfills or oceans into a versatile, sustainable recycled material. The episode – produced by EXPLR Media executives Kari Byron and Jenny Buccos &

KBR announced today that along with Mura, it has secured a contract for its breakthrough plastics recycling technology, Hydro-PRTSM, from LG Chem, Korea. Under the terms of the contract, KBR will provide technology licensing and engineering to implement the innovative and scalable Hydro-PRTSM technology at LG Chem's Dangjin plant. Hydro-PRTSM was developed by Mura and is licensed exclusively by KBR. Utilizing supercritical steam, this technology employs a unique patent