Companies

DAK Americas LLC(DAK), an Alpek Polyester business, announces that it has signed an Asset Purchase Agreement with Perpetual Recycling Solutions, LLC (Perpetual) to acquire the Perpetual PET recycling facility in Richmond, IN, USA. The Perpetual PET recycling operations have an approximate annual capacity of 100 million lbs/a (~45,000 t/a) of high

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that it has entered into an agreement to acquire Invista Resins & Fibers GmbH, which owns a PET manufacturing facility located in Gersthofen, Germany. The Gersthofen site has a combined capacity of 282,000t/a, and employs approximately 140 employees. The transaction

The Coca-Cola Company announced a new agreement extending a loan to Ioniqa Technologies, the Netherlands, to facilitate the development of Ioniqa’s proprietary technology to produce high-grade, recycled PET content from hard-to-recycle PET waste. The agreement is designed to accelerate the development and deployment of high-grade recycled content PET for use in

In keeping with its development plan announced in 2017, the SGT group announced the investment in its 6th production factory. The new factory of the manufacturer of PET preforms will be built in Eastern France, a location with both strategic and economic potential to assist customers and the market with their

Nestlé Waters North America announced that it intends to achieve 25% recycled plastic across its U.S. domestic portfolio by 2021. The company plans to continue expanding its use of recycled materials in the coming years, further setting an ambition to reach 50% recycled plastic by 2025. Therefore, the company is expanding

Nestlé announced the creation of the Nestlé Institute of Packaging Sciences, dedicated to the discovery and development of functional, safe and environmentally friendly packaging solutions. This is claimed to be a step further to achieve the Company’s commitment to make 100% of its packaging recyclable or reusable by 2025. The Nestlé

Carbios announces the signature of a Letter of Intent (LOI) with Kem OneE for an implementation project in the French Chemical Valley of an industrial demonstration plant to secure the value of its PET recycling technology. Carbios biorecycling technology is is intended to enable to use waste plastics and fibres instead

Indorama Ventures Public Company Limited (IVL) has completed the acquisition of 74% of the share capital of Medco Plast for Packing and Packaging Systems S.A.E. (Medco Plast) from Middle East Glass Manufacturing Co. S.A.E. (MEG) and the Samaha family. Following the acquisition, MEG will retain a 16% shareholding in Medco Plast,