The worldwide PET magazine
bp announced that it has agreed to sell its global petrochemicals business to Ineos for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp, will further strengthen bp’s balance sheet and delivers its target for agreed divestments a year earlier than originally scheduled. Under the
Read moreClariant, a focused, sustainable and innovative specialty chemical company, completed the sale of its entire masterbatches business to PolyOne. The enterprise value of the sale, which consists of separate transactions for Clariant’s global masterbatches business and its masterbatches business in India, amounts to approximately USD 1,560 million which is equivalent to
Read moreThe 15-20% increase in demand for plastic packaging in March and April has revived the PET market, and in May Russian feedstock producers raised the prices. Since then, many converting companies switched to more affordable supplies from China; the local PET market became loose. The bottle-grade PET accounts for about 94%
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Clariant colour specialists have combined three colours from the ColorForward 2021 trend palette with a satin brushed-glass special effect in order to appeal to consumers in the booming Asian personal care market. The resulting look helps PET packaging give the impression of luxury and prestige otherwise associated with the brushed glass
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Plastic recyclates produced from waste packaging have to meet high sensory requirements in order to be used for new products. Plastic recyclates often have off-odours, some of which have not hitherto been identified. The Fraunhofer Institute for Process Engineering and Packaging IVV has analysed the sensory properties of post-consumer shopping bags
Read moreMultinational provider of testing, consulting, information, and compliance services Smithers forecasts global functional additive sales for plastic packaging and global barrier coatings to increase. Global functional additive sales for plastic packaging are forecast to grow during 2020–25 at an annual average rate of 5.3% to approximately $2.3 billion from $1.7 billion
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Kiefel GmbH, Freilassing, is a technology partner in various domains of the plastics and packaging industry, where it supports customers in the development of sustainable materials and products. In addition to classic recyclable plastic, Kiefel systems processes recycled (e.g. rPET) or bio-based materials (e.g. PLA). “More and more customers are asking
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In a response to the market request for sustainable packaging, SK Chemicals of South Korea is introducing a new product range of Ecotria PET-compatible copolyesters that contain 30% of post-consumer recycled material. The new products can be used in most of the processes in which PETG and PCTG copolyesters are currently
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Thyssenkrupp’s plant engineering business has won a second order from the Turkish packaging producer Köksan for a new PET production plant. The plant will be built in Gaziantep, Turkey, next to an existing production line erected by thyssenkrupp in 2013. Its construction will double the site’s production capacity to 432,000 tons
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Gabriel-Chemie states to attach great importance to a healthy balance between economic, environmental and social issues. Therefore, sustainability on all levels is at the heart of the business and this extends to the entire value creation chain of the family-run company from Austria. The company sets four sustainability topics for 2020:
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EconCore successfully conducted two years of research, learning how to optimally process the reusable resource-based polymer into its continuously produced honeycomb core. The company announces that recycled PET (rPET) honeycomb is now commercially ready and available to licence. The benefit is a fall in CO2, along with the already established CO2
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