The worldwide PET magazine
Ioniqa, a privately owned plastic upcycling company, announced that after 15 years, Ioniqa’s founder Tonnis Hooghoudt is handing over his CEO role to Michiel Hoogendijk as of July 8, 2024. Hooghoudt will remain shareholder of the company and stay actively involved as an advisor to the Management Team of Ioniqa. Since Hooghoudt founded Ioniqa in
Read more
In June 2024, Plast Nordic entered into a collaboration with Norner, an expert in the polymer industry, with over 40 years of experience. Based in Porsgrunn, Norway, Norner operates advanced laboratories, polymerisation units, and industrial-scale process pilot plants. Norner is owned by SCG Chemicals in Thailand and serves over 700 customers
Read more
Chemical producer Indorama Ventures announced it secured a new 7-year loan totaling $200 million from the International Finance Corporation (IFC) to help fund the continued growth of the company’s strategic sustainability programmes in India, Thailand and Indonesia, and promote a circular economy as a leading PET recycler. The loan from the
Read more
Carbios and Chinese Zhink Group, one of China’s Top 500 Private Enterprises, specialising in two global industries, PET and textiles, announce the signing of a joint Letter of Intent to build a biorecycling plant in China using Carbios’ enzymatic depolymerisation technology to serve the global market. This agreement officialises collaboration towards
Read more
After managing the Axens Group for 22 years, Jean Sentenac handed over to Quentin Debuisschert (photo) in June 2024. The handover took place after a transition period that allowed them to ensure seamless continuity in the strategy and development of Axens, a worldwide leading energy player headquartered in France and present
Read more
Bericap is continuing its geographical expansion with new production facilities in Africa, South America and South East Asia. The closure specialist has opened new plants in Nairobi (Kenya) and Ho Chi Minh City (Vietnam) and acquired production facilities in Lima (Peru) and Durban (South Africa). The company now operates 30 production
Read more
The winners of the Plastics Recycling Awards Europe 2024 were announced yesterday at the Plastics Recycling Show Europe in Amsterdam. For the first time in the seven-year history of the awards, the judges have announced two Plastics Recycling Ambassadors as well as the four product and two innovation category winners. The
Read more
PlastiVation Machinery GmbH announces the appointment of Thomas Strecker as its new Managing Director. This strategic leadership change comes amid a year of positive order growth, positioning the company to assume greater responsibilities as an independent entity within the Tederic Group. Notably, PlastiVation will now oversee the sales of the Tederic
Read more
Sidel, a leading provider of equipment, services and complete line solutions for packaging liquids, foods, home, and personal care products, established a new office in Almaty, Kazakhstan on June 12, 2024. The strategic decision aims to bring Sidel’s expertise closer to its customers and support their growth in the region. Sidel
Read moreIn 2023, the German food processing and packaging machinery sector reached a historic high, with production increasing by 5% to €16.5 billion. This sector, the fifth-largest within German mechanical engineering, employs over 62,000 people and boasts a global trade share of 22%. Packaging machines account for around half of the production
Read more
Borealis announces the installation of a semi-commercial demonstration recyclate-based polyolefins (rPO) compounding line in Beringen, Belgium. Set for construction during 2024, it is expected to be fully operational in the first half of 2025. The state-of-the-art line will use Borealis’ proprietary technology to transform mechanically recycled post-consumer waste into high-quality rigid
Read more