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The independent investment subsidiary of Investindustrial VIII acquires Piovan Group, a global manufacturer of auxiliary machineries and solutions for processing automation. Investindustrial VIII has entered into a sale and purchase agreement that will trigger a mandatory tender offer to ultimately delist the company. After the mandatory tender offer, Investindustrial will own
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For the last six months, the GreenDot Group and Shell Chemicals Europe B.V., a subsidiary of Shell, have been exploring ways to collaborate to try to deliver additional business outcomes across circular chemicals and polymers for Europe. These discussions have now resulted in GreenDot supplying pyrolysis oil to Shell Chemicals Europe
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The organisers of the world’s largest trade fair for plastics recycling, PRSE (Plastics Recycling Show Europe) and PRS ME&A (Plastics Recycling Show Middle East & Africa), are staging the first Plastics Recycling Show India (PRSI). PRSI will take place at the Bombay Exhibition Centre in Mumbai, India, on 4-6 December 2024.
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Chemical company Indorama Ventures collaborated with the Bangkok Metropolitan Administration (BMA) and the Department of Education under the BMA to host the ‘PET Youth Camp for Sustainable Plastic Management’ program. The camp brought together 60 teachers and students from 20 BMA schools to engage in activities that foster young leadership in
Read moreWhile recycling systems and bottle deposits have become increasingly widespread in the U.S., actual rates of recycling are “abysmal,” according to a team of MIT researchers who studied the rates for recycling of PET. However, their findings suggest some ways to change this. The present rate of recycling for PET bottles
Read moreDow (NYSE: DOW) announced it has signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin (PCR). This transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity of 50,000 metric tons per year. Dow expects the transaction to
Read moreUV barriers developed by Avient and destined for PET bottles are approved as limited compatible with the PET bottles recycling stream in Europe Avient Corporation’s technologies for UV barriers, developed to protect PET packaging and its contents from the degradation effects of light and UV radiation, are the first to receive
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Aldi has introduced 100% recycled plastic (rPet) in some of its own-brand washing up liquid bottles. The move, which applies to its standard Magnum washing up liquid, as well as its Antibacterial and 1 litre Magnum Classic variants – excluding the caps and labels – is rolling out into stores nationwide.
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LyondellBasell, a global leader in the chemical industry, launches Polybatch Effects Frost masterbatches to transform PET packaging with a matte frost effect. The new masterbatches are available in two distinct styles. The solution can be seamlessly integrated with various colours to achieve a high-end, sophisticated look, says the company. The Polybatch
Read moreAs per the latest report by Imarc Group, the global PET bottle market size reached US$ 44.1 Billion in 2023. Looking forward, the market is projected to reach US$ 60.3 billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032. The market is influenced by the global effort to reduce plastic
Read moreOrigin Materials, Inc. announced its first-quarter financial results, emphasising progress toward profitability driven by its PET caps and closures business. The company reported quarterly revenue of $6.8 million generated by its supply chain activation program and joint development agreements. The company also made significant progress in commercialising its caps and closures
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