PETpla.net Insider 05 / 2018

11 NEWS PET planet Insider Vol. 19 No. 05/18 www.petpla.net New technology converts PET waste back into virgin grade material Unilever has announced a partnership with start-up company Ioniqa & the largest global producer of PET resin Indorama Ventures to pioneer a new technology which converts PET waste back into virgin grade mate- rial for use in food packaging. Ioniqa has developed a proprietary technology that is able to convert any PET waste - including coloured packs - back into transparent virgin grade material. The technology has successfully passed its pilot stage and is now moving towards testing on an industrial scale. This new technology takes non-recycled PET waste - like coloured bottles - and breaks it down to base mol- ecule level, while separating the colour and other con- taminants. The molecules are converted back into PET which is equal to virgin grade quality at Indorama’s facility. If proven successful at industrial scale, in future it will be possible to convert all PET back into high quality, food-grade packaging. The three partnering companies believe that this fully circular solution could lead to an industry transformation, since the new technology can be repeated indenitely. www.unilever.com www.ioniqa.com www.indoramaventures.com Cannabis Science acquires Bottle It Inc. bottling manufacturing facility Cannabis Science, Inc. (CBIS), a U.S. company specialising in the development of cannabinoid-based medicines, announced the acqui- sition of Bottle It, Inc., located in Corona, California. Bottle It, Southern California’s premier manufacturer of PET bottles and containers, supplies preform and PET bottles to custom- ers throughout North America and internationally. Established in 2014, Bottle It has reported approximately $1,500,00.00 in revenues each year for 2016 and 2017 consecutively. “Cannabis Science now has the in-house capacity to manu- facture PET bottles and containers for Cannabis Science’s con- sumer products, as well as to manufacture bottles and containers for other manufactures of beverages, speciality waters, foods, cosmetics, and other products globally. This creates an important new revenue stream for Cannabis Science,” stated Raymond C. Dabney, Cannabis Science’s President & CEO, and Co-Founder. www.cannabisscience.com CEO Raymond C. Dabney at the CBIS Bottle It manu- facturing plant