Press Releases

Neelanjan Banerjee will be taking over as the new Global Head of the Business Unit Lubricants Additives at LANXESS Corporation, USA effective July 1, 2022 after a brief work-in period. He has been Region Head, Vice-Chairman & Managing Director for LANXESS India Private Limited since August 2018 and has also been an Executive Director since 2009. He has held senior management positions in the last 16 years with the organization. Headquartered in Shelton, CT in the US, the Busines

The Edison Awards globally recognizes, honors and fosters innovators and innovations that positively impact the world. As a 2022 Edison Award Finalist iMFLUX is thrilled to be included among this elite group of finalists recognized for excellence in innovation. Specifically, Auto Viscosity Adjust was nominated in the category of Sustainability and will medal in the Plastic Upcycling during the gala event, April 20-22, 2022. Hosted by journalist Miles O’Brien from PBS NewsHour,

Repeats Group B.V, a pan-European plastics recycling platform focused on producing high-quality recycled low-density polyethylene ("LDPE"), today announced that it has made an investment in Anviplas S.L. ("Anviplas" or the "Company"), a producer of recycled LDPE located in the Catalunya region of Spain. Terms of the transaction were not disclosed. Repeats is a portfolio company of Ara Partners ("Ara"), a global private equity firm focused on industrial

Logitech International announced today that it has exceeded its commitment to incorporate post-consumer recycled (PCR) plastic into products, reducing its carbon impact and increasing the circularity of consumer product materials and ingredients. Logitech’s Creativity and Productivity portfolio, the company’s largest product portfolio, uses PCR at scale with 65% of all mice and keyboard units now including PCR plastic, surpassing its 50% commitment made in 2020. Logitech

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