PETnews 6 NEWS PETplanet Insider Vol. 24 No. 09/23 www.petpla.net Next Generation Group invests in Hydrodyn, expanding its presence in the plastic recycling market Nex t Gene r a t i on Gr oup has acquired a majority share in Hydrodyn, a renowned technology provider specialising in plastic waste cleaning and purifying. This strategic partnership solidifies the group´s commitment to offering comprehensive plastic recycling solutions, particularly in the field of postconsumer recycling. Under the terms of the agreement, Hydrodyn will retain its operational independence while working closely with Next Generation Group, by using a high synergy potential. This collaboration will allow both companies to leverage their expertise and resources to deliver comprehensive and efficient end-to-end plastic recycling solutions that address the evolving needs of customers in the recycling machinery market. The shared objective is to prioritise the attainment of specific polymer characteristics that are essential for a diverse array of commodity applications, in order to effectively substitute virgin plastics. The acquisition provides Hydrodyn with access to Next Generation Group´s extensive global network, unlocking new opportunities for growth and expansion. The partnership is intended to reinforce their market position and benefit both companies. By leveraging their expertise and pooling resources, they aim to offer holistic solutions for post-consumer recycling. This collaboration is claimed to enable them to address the entire lifecycle of plastic materials, from product design to the recycling process. By integrating their capabilities, Hydrodyn and the Next Generation Group are at the forefront of promoting sustainable practices and closing the loop in the plastic value chain. www.ngr-world.com Berry Global appoints Kevin Kwilinski as CEO Berry Global Group, Inc, a supplier of packaging solutions for consumer goods and industrial products, announced that its Board of Directors has unanimously elected Kevin Kwilinski as CEO of Berry, effective October 2, 2023. In connection with this appointment, the Board has elected Stephen Sterrett, Lead Independent Director, as Chairman of the Board, also effective on October 2, 2023. As previously announced in February 2023, Tom Salmon will retire from his roles as CEO and Chairman, and he will remain with the company through the end of the calendar year in an advisory capacity to ensure a smooth transition. Mr Kwilinski brings to Berry nearly three decades of experience in the packaging industry. He currently serves as President and CEO of Multi-Color Corporation, a global provider of label solutions, where he successfully led and integrated multiple acquisitions, resulting in significant EBITDA and revenue growth while delivering above target commercial and operational synergies. Prior to that, he served as CEO of Fort Dearborn Company, a leading supplier of decorative labels for the beverage, food, household products, nutraceutical, paint and coatings sectors, which merged with Multi-Color in July 2021 with the backing of private equity firm Clayton, Dubilier & Rice. Mr Kwilinski previously served as CEO of Paperworks Industries, where he guided the company’s growth by supporting an aggressive go-to-market strategy and simultaneously implemented continuous improvement processes. www.berryglobal.com Neste to enable PET bottles produced with bio-based materials with Suntory, Eneos and Mitsubishi Corporation Neste has entered a cooperation agreement with Suntory, Eneos and Mitsubishi Corporation to enable the production of PET resin made with renewable Neste RE on a commercial scale. Neste RE is Neste’s feedstock for polymers production, made 100% from bio-based raw materials such as waste and residues, e.g. used cooking oil, to replace fossil feedstock in the value chain. Japanese beverage company Suntory will utilise the renewable PET resin to produce bottles for its products in 2024. A new partner for Neste in Japan, Eneos will use bio-intermediates based on Neste RE to produce bio-PX (bioparaxylene) at its Mizushima refinery in Okayama, Japan. The bio-PX will then be converted to PTA and subsequently to PET resin for Suntory to use to manufacture their PET bottles. Mitsubishi Corporation will be coordinating the collaboration between the value chain partners. “In order to tackle the imminent climate crisis and its consequences, companies are required to take responsibility now. Through partnering along the value chain, Neste can contribute to reducing the polymers and chemicals industry’s dependence on fossil resources as well as to manufacturing of products that have a lower carbon footprint,” says Lilyana Budyanto, Head of Sustainable Partnerships APAC at Neste Renewable Polymers and Chemicals business unit. A mass balancing approach will be applied to allocate the bio-based materials to the PET bottles. www.neste.com
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