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Alpek, S.A.B. de C.V. announced that it has received all necessary approvals from the regulatory authorities and has finalised its acquisition of Octal Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of Octal for U.S. $620 million on a debt-free basis. Financing was secured through a
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Scientists at German Leipzig University have discovered a highly efficient enzyme that is stated to degrade PET in record time. The enzyme PHL7, which the researchers found in a compost heap in Leipzig, could make biological PET recycling possible much faster than previously thought. The findings have now been published in
Read moreA consortium, including LanzaTech and Danone, led to the discovery of a new route to monoethylene glycol, (MEG), which is a key building block for PET resin, fibres and bottles. The technology converts carbon emissions from steel mills or gasified waste biomass directly into MEG. The carbon capture technology uses a
Read morePetcore Europe has published a statement on microplastics and PET. It states that microplastics are not a component of PET and do not leach from PET packaging. Please find the full statement below: PET packaging protects the quality of food and drink products and ensures that they are safe for consumption.
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Husky Technologies, a technology provider enabling the delivery of essential needs to the global community, announced the introduction of its HyPET HPP5e Recycled Melt to Preform (RMTP) system. With one system already running in the field and the second soon to be delivered, this development marks the integration of a preform
Read moreThai-based Indorama Ventures Public Company Limited (IVL) with its facility Wellman France Recycling in Verdun, has been working on the PET trays recycling for six years and through an ongoing project with Valorplast and supported by Citeo. The project has the objective to develop and validate recycling for monolayer and multilayer
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The Erema Group, which comprises Erema Group GmbH and its subsidiaries Erema, Pure Loop, Umac, 3S, Keycycle and Plasmac, closed the 2021/22 financial year with a 17 percent increase in revenue. Consolidated Group revenue amounted to EUR 295 million, and the number of employees increased to over 840. The Erema Group
Read moreThe total installed plastics recycling capacity in 2020 in EU27+3 grew by 1.1mt compared to the previous year. The new figures show that the plastics recycling industry remains resilient while continuing its path towards making plastics genuinely circular. The exceptional growth in the sector, despite the difficulties brought on by the
Read moreWorld demand for post-consumer recycled (PCR) resins in packaging reached a total of 4.79 million tonnes in 2021, according to the latest data from Smithers. Demand has seen only a minor deflection over the two years the Covid pandemic disrupted plastics end-use applications. In 2022, companies are revising their packaging portfolios,
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Paccor, one of the leading global players in the plastic packaging industry, acts responsibly in the field of sustainability, in packaging production and makes every effort towards the full implementation of a circular economy. Paccor is fully committed to the HolyGrail 2.0 Digital Watermarks initiative and is now celebrating the success
Read moreEurope’s non-alcoholic beverage industry, represented by the European Fruit Juice Association (AIJN), Natural Mineral Waters Europe (NMWE) and Unesda Soft Drinks Europe, together with leading NGOs, including Changing Markets Foundation and Zero Waste Europe, call on EU decision-makers to create the right enabling policy framework to help accelerate the transition to
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