Press Releases

S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced the launch of a new daily recycled high density polyethylene (HDPE) film pellets spot price assessment, to meet growing demand for pricing information in the recycled plastic markets in Southeast Asia. The introduction of this Free-On-Board (FOB) Southeast Asia assessment follows the launch of recycled polyethylene terephthalate (R-PET)

Within the frame of a new investment project, R&P POLYPLASTIC– a Russian plastics producer – and KraussMaffei have recently concluded a contract for the delivery of two ZE 80 x 42D BluePower twin-screw extruders to extend the company's production capacity. Due to travel restrictions caused by the COVID-19 pandemic, both parties conducted the entire contract negotiations online remotely and signed the contract at the end of October. This contract further strengthens the lon

LyondellBasell one of the world's largest plastics, chemicals and refining companies today announced it has joined the United Nations (U.N.) Global Compact, the world's largest corporate sustainability initiative. Under the U.N. Global Compact, signatories are encouraged to align their operations and strategies with key principles on human rights, labor and anti-corruption. "At LyondellBasell, we have a culture of accomplishing goals through what we call 'the power

Continental Structural Plastics (CSP), along with its parent company Teijin, unveiled an innovative honeycomb Class A panel technology and an advanced, multi-material EV battery enclosure that can be molded in any number of CSP’s proprietary composite formulations. These component technologies were developed at the company’s new Advanced Technologies Center located on Harmon Road in Auburn Hills, Michigan. This Advanced Technologies Center is CSP’s second R&D facility in

Stratasys Ltd. announced today it signed an agreement to acquire 3D printing start-up Origin Inc. in a transaction for total consideration of up to $100 million, including cash and stock. The merger enables Stratasys to expand its leadership through innovation in the fast-growing mass production parts segment with a next-generation photopolymer platform. Subject to various approvals and other closing conditions, the acquisition is expected to close in January 2021. Stratasys expects

Celanese Corporation, a global chemical and specialty materials company, and Mitsubishi Gas Chemical Company, Inc. (MGC; Head Office: Chiyoda-ku, Tokyo; President: Masashi Fujii), today announced the signing of a memorandum of understanding (MOU) confirming their intent to restructure Korea Engineering Plastics Co. (KEP), a joint venture owned 50% by Celanese, 40% by MGC and 10% by Mitsubishi Corporation. Under the terms of the MOU, KEP would focus on manufacturing, developing, prod

The Recycling Partnership today announced nearly $2 million in catalytic grants to advance polypropylene recycling in the U.S. through its Polypropylene Recycling Coalition, a cross-industry collaboration that launched just four months ago with founding steering committee members Keurig Dr Pepper, Braskem, and the Walmart Foundation and other members of the polypropylene value chain. In its initial round of funding, The Recycling Partnership's (The Partnership) Polypropylene Rec

LyondellBasell one of the world's largest plastics, chemicals and refining companies and SUEZ, a world leader in environmental services, today jointly announced the acquisition of TIVACO, a plastics recycling company located in Blandain, Belgium. The company will become part of Quality Circular Polymers (QCP), the companies' existing 50/50 plastics recycling joint venture. With this transaction, QCP will increase its production capacity for recycled materials to approximately 55,000 t

Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces its collaboration with Encina Development Group ("Encina"), a leading provider of solutions to produce renewable chemicals, to develop a long-term relationship enabling the production of circular, recycled polypropylene (PP). Encina's technology is able to produce renewable chemicals made from post-consumer plastic and the company is targeting to break

In today’s unprecedented turbulent times, the global manufacturing industry is undergoing profound and complex changes, facing uncertainties and challenges, while opening up new opportunities under the new normal. CHINAPLAS 2021, the Asia’s No. 1 plastics and rubber trade fair, themed “New Era • New Potential • Innovation for Sustainability”, will not only stimulate development in the industries, but also keep the momentum going in the exploration of business

Epsilyte, a leading North American producer of Expandable Polystyrene (EPS), will increase the price of all grades of EPS by $0.06/lb., effective January 1, 2021 or as contracts permit. This adjustment is necessary based on supply and demand dynamics and the need for the business to achieve reinvestment economics. About Epsilyte Epsilyte is one of North America’s leading producers of expandable polystyrene resin. We are a company of scale focused on

Polyethylene Containers, Inc (PCI), announces the acquisition of Rehrig Pacific's (RP) pail portfolio. The acquisition comes immediately after PCI's announcement of their new state-of-the-art 246,000 sq. ft. production facility in El Dorado, AR. "2021 is going to be a big year for the PCI family" said Walter Tyson, CEO of Polyethylene Containers. "We just announced our new state-of-the-art production facility and now we announce our acquisition of the RP produ