Clariant completes the sale of its masterbatches business to PolyOne for approx. USD 1.6 billion

Clariant, 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

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South African plastic industry announces positive PET recycling rate

Latest stats show 62% of all PET plastic beverage bottles produced in SA in 2019 were collected for recycling Despite global market contractions, and now the rolling economic impact of Covid-19, South Africa’s PET plastic recycling value chain has kept its wheels turning, delivering another positive annual recycling rate while creating

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Benchmarking for high-quality recycled plastics

Recyclates characterisation guiding requirements published by Plastics Recyclers Europe This scientifically grounded guidance is a benchmark for the quality of recycled plastics. The documents’ overarching aim is to advance the quality and enhance the demand for recyclates. It addresses as well the issues of lack of harmonisation and transparency on the

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CA Governor temporarily exempts supermarkets from bottle deposit refunds

Governor Gavin Newsom gave supermarkets and other dealers of beverages carrying a five or ten cent deposit another 60-day reprieve on refunding deposits, putting greater pressure on too few redemption centers to serve millions of Californians. California now joins Iowa’s Republican Governor as the only states letting the retailers off the

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Essentra launches recycled PET tear tape

Essentra Tapes has launched the first tear tape for flexible packaging to combine the sustainability of recycled rPET alongside the benefits of easy-opening and brand enhancement.   Responding to both consumer demand for packaging sustainability and the latest legislative requirements for recycled content, the new SupaStrip PCR is made from rPET

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