PETnews 6 NEWS PETplanet Insider Vol. 26 No. 05/25 www.petpla.net DePoly to launch 500 t/a showcase plant DePoly, a PET-to-raw-material recycling company, announced the upcoming launch of a 500 t/a showcase plant in Monthey, Switzerland this summer, representing a critical step in the company’s journey from laboratory breakthrough to industrial-scale implementation. The facility will demonstrate DePoly’s proprietary process that converts PET and polyester waste into virgin-quality raw materials without fossil fuels. The technology has already demonstrated its commercial impact through collaborations with some leading companies in fashion, cosmetics and the broader consumer goods industry, including innovators such as PTI, says DePoly. Through these partnerships, the company has validated the quality of its recycled monomers by transforming PET waste into new bottles, highperformance textile fibres, and cosmetic packaging. The company is planning to build a commercial plant in 2027 that will process significantly larger volumes of PET and polyester waste – a major leap in redefining recycling and advancing the circular economy, as DePoly strives to become the global leader in sustainable, circular plastics. www.depoly.co The Association of Plastic Recyclers (APR) and RecyClass mark a second year of progress in driving global harmonisation of Plastic Recyclability The Association of Plastic Recyclers (APR) and RecyClass published the second progress report of their collaboration, which aims to accelerate the global harmonisation of plastic recyclability. Key updates include streamlining the measurement of intrinsic viscosity variation for PET bottles and harmonising the filter pack used in extrusion during HDPE and PP rigid packaging recyclability tests to facilitate future common assessments. Over the past year, APR and RecyClass conducted extensive test campaigns. The main areas of investigation included inks and laminating adhesives for PE films, additives that cause yellowing in recycled PET for PET bottles, and metallised labels. Following the results, the two associations actively participated in the respective Technical Committees to align the benchmarks of the APR Critical Guidance Test Protocols and RecyClass Recyclability Evaluation Protocols. Moving forward, APR and RecyClass are set to conduct further test campaigns to enhance the Design for Recycling Guidelines for various packaging solutions. These efforts will help ensure better alignment and effectiveness of recyclability standards worldwide. www.recyclass.eu www.plasticsrecycling.org Indorama Ventures divests indirect subsidiary in Portugal Indorama Ventures Public Company Limited (IVL) has announced the divestment of its indirect subsidiary, Indorama Ventures Portugal PTA - Unipessoal, LDA. (IVPPTA), which operates a PTA manufacturing facility in Sines, Portugal. According to a resolution passed on April 7, 2025, the Management Board of Indorama Netherlands B.V. (INBV), an indirect subsidiary of IVL, approved the sale of its entire 100% equity stake in IVPPTA to an unrelated third party. The transaction was completed on April 11, 2025. The company stated that the decision followed a review of market conditions and economic pressures, including high costs of raw materials and energy, inflation, and increased competition from low-cost PTA imports. The facility had ceased operations two years prior. IVL noted that the divestment aligns with its broader asset optimisation strategy. The sale, valued at EUR 100,000 (approximately THB 3.82 million), includes the transfer of all future obligations associated with IVPPTA to the purchaser. As IVPPTA’s assets had already been impaired in 2024, the company indicated that the transaction would not have a material impact on its operations or financial position. www.indoramaventures.com Maag Group to acquire Sikora AG Maag Group is pleased to announce that it has entered into a definitive agreement to acquire Sikora AG, a recognised leader in measuring and control technologies. This acquisition accelerates Maag’s innovation capabilities in machine learning, industrial IoT, and AI-driven technologies. Headquartered in Bremen, Germany, Sikora is well-known in the market in measuring and control systems for various applications such as cables, tubes and plastics production. From non-contact measurement control to automatic sorting systems, the company is developing innovative and sustainable solutions, with considerable investment in research and development. With this acquisition, Maag aims to achieve a new milestone in its growth strategy. The company offers a wide range of equipment and integrated systems for the polymer and recycling industries, and is broadening its capabilities to address a wider set of applications and processes. The combination of Maag and Sikora is expected to support the development of smart, self-driven, and energy-efficient systems, in response to evolving market demands. The transaction is subject to customary closing conditions, including receipt of regulatory approvals and is expected to close in the second quarter of 2025. www.maag.com www.sikora.net
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