Press Releases

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

Fast-moving consumer goods (FMCG) is one of the industries that very much relying on plastics to support their dynamic activities and create trendy products in order to meet today’s evolving consumer preferences. FMCG, such as food and beverages, personal care products, over-the-counter medicines and so on, are sold quickly in large volumes and have short turnaround time, manufacturers need to be more creative in order to catch the attention of consumers in the midst of extreme competit

Sun Chemical has acquired SAPICI, a global leading company in high-performance polyurethanes for coatings, flexible packaging, industrial adhesives and more. With SAPICI, Sun Chemical reinforces its integrated supply strategy in the packaging market by adding capabilities to develop and produce unique polymers for the entire portfolio of inks, coatings, and lamination adhesives. The combined resources and technologies of DIC/Sun Chemical and SAPICI will provide a comprehen

In a partnership with WestRock and Grupo Gondi, Grupo Modelo is investing roughly 4 million dollars in the sustainable, fiber-based CanCollar® Eco solution in Quintana Roo, a Mexican state on the Yucatan Peninsula. The partnership aims to help advance the beer company’s sustainability goals by eliminating its use of plastic rings in Mexico. Grupo Modelo is the first company in the Americas to adopt the recyclable CanCollar® Eco technology, which will replace hard-to-re

Origin Materials, Inc., the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Mitsui & Co., Ltd. (“Mitsui”), a global leader in energy, machinery, chemicals, food, textile, logistics, finance, and more, today announced a strategic partnership to industrialize advnceda carbon negative materials. This strategic partnership aims to rapidly develop and industrialize new sustainable