Press Releases

Asahi Kasei Plastics Singapore Pte Ltd (APS), a wholly owned subsidiary of Asahi Kasei, a diversified Japanese multinational company, acquired the widely recognized international certification ISCC PLUS1 for its polyphenylene ether (PPE) as a sustainable product on September 19, 2022. Production of PPE using biomass-derived raw material is scheduled to begin in January 2023. PPE is an engineering plastic that is blended with other resins such as polystyrene and polyamide to form mod

Drake Plastics, a global supplier of machinable semi-finished high-performance plastics, will exhibit several unique products at K2022. The world's largest plastics industry expo is held in Düsseldorf, Germany, October 19 – 26. "We serve high technology industries globally with our advanced polymer rod, plate and tube products, many developed by our R&D team," said Steve Quance, President of Drake Plastics. "Our growth in these materials has been st

KBR announced today that it has won a contract from GS Caltex for its planned plastics circularity project in South Korea. Based on KBR and Mura's Hydro-PRT® process, the 50 kTA unit will convert waste plastics into raw materials for conversion into new plastics, achieving total circularity. "We are thrilled to support GS Caltex in their effort to integrate circularity in their value chain," said Doug Kelly, KBR President, Technology. "Hydro-PRT is p

Myers Industries, Inc., a customer-centric innovator of engineered plastics solutions for over 85 years, is featuring products from their complete materials handling segment portfolio at Pack Expo, October 23-26, 2022, in Chicago, Illinois. Attendees will be able to validate the performance of in-demand Intermediate Bulk Containers (IBC), high-value storage and handling containers, and bin-matched industrial shelving for use in the reusable packaging market. Jim Gurnee, Myers’

LyondellBasell and 23 Oaks Investments, Leiferde/Lower Saxony, Germany, signed an agreement to create Source One Plastics, a joint venture that will build an energy efficient, advanced plastic waste sorting and recycling facility in Germany. Using renewable energy from wind and biomass, the new unit is designed to process the amount of plastic packaging waste generated by approximately 1.3 million German citizens per year. This waste is not recycled today and is mostly incinerated.

LyondellBasell and Genox Recycling today jointly announce they have signed a memorandum of understanding (MoU) to establish a joint venture (JV) to build a plastics recycling plant in Zhaoqing, Guangdong Province with a planned start up in 2023. The plastic recycling plant will use mechanical recycling technology to recycle post-consumer plastic waste and produce new polymers sold under the LyondellBasell CirculenRecover product portfolio. This JV aims to reduce the amount of plastic waste se

BASF will invest in a new world-scale Neopentyl Glycol (NPG) plant with an annual production capacity of 80,000 metric tons at its new Zhanjiang Verbund site, China. With the new NPG plant expected to come on stream in Q4 2025, BASF’s global NPG capacity will be boosted from 255,000 metric tons to 335,000 metric tons annually, strengthening its position as one of the world’s leading NPG manufacturers. Currently, BASF has NPG production facilities in Ludwigshafen, Germany; Freeport

K2022 is the premier trade fair for the plastics industry being held in Dusseldorf, Germany, October 19-26, 2022. The focus this year is on the Circular Economy, Digitalization and Climate Protection. iMFLUX will be exhibiting in hall #15/D23. Due to industry partnerships, there are multiple ways to see the benefits of the innovative low-constant-pressure molding platform. iMFLUX has partnered with Milacron to demonstrate the iMFLUX software on the Milacron eQ series press. Demonstr

Orion Engineered Carbons, a specialty chemical company, today announced that the company will release its third quarter 2022 results after the market closes on Thursday, November 3, 2022, to be followed by a conference call on Friday, November 4, 2022, at 8:30 a.m. (EDT). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone at th

Hillenbrand, Inc. announced today it has completed the acquisition of LINXIS Group from IBERIS INTERNATIONAL S.À R.L, an affiliate of IK Partners, and additional sellers, for total aggregate consideration of €596.2 million, reflecting an enterprise value of approximately €572 million plus cash acquired at closing. "The completion of the LINXIS Group acquisition marks a clear step forward in the execution of our strategy to grow as a world-class industrial compa

For some time now, bioplastics have been used for more than just garbage bags or mulch films: Biopolymers are increasingly found in durable high-performance products, for example in demanding automotive applications, casings for the electronics industry or materials for the construction industry. Biodegradability is often an advantage, for example for packaging films, disposable tableware or medical implants. By now, however, "bio" versions are available for virtually all types and

IPACKCHEM Group announced it has acquired a majority stake in TPG Plastics LLC (“TPG”), a leading manufacturer of engineered plastic blow molded products, to bring IPACKCHEM’s Advanced In-Mold Fluorination technology (“Advanced IMF”) to North America, with an initial focus on the crop protection market for the 2023-24 growing season. Founded in 1987, IPACKCHEM is a leading global supplier of innovative and specialized barrier packaging solutions that se