Press Releases

INVISTA?s technology and licensing group, INVISTA Performance Technologies (IPT) and Hengli Petrochemical (Dalian) Co., Ltd (Hengli) announce that Hengli?s 4th PTA line has reached full rate. This PTA line of 2.5 million tonnes per annum capacity, located in Changxing Island, Dalian City, Liaoning Province, utilizes INVISTA?s P8 PTA technology with industry leading variable cost, capital productivity and environmental performance, came online on January 8th, 2020. This PTA line also

Neste, the world?s leading provider of renewable diesel, renewable jet fuel, and an expert in delivering drop-in renewable chemical solutions, and Mirova, a pioneer impact investor in the natural capital space and an affiliate of Natixis Investment Managers, today announce a combined EUR 10 million investment into Recycling Technologies Ltd (?Recycling Technologies?), a specialist plastic recycling technology provider. The aim is to accelerate the development of chemical recycling and foster

Reportlinker.com announces the release of the report "Plastic Compounding Market Size, Share & Trends Analysis Report By Product, By Application And Segment Forecasts, 2020 - 2027" - https://www.reportlinker.com/p05785368/?utm_source=GNW The global plastic compounding market size is projected to reach USD 104.41 billion by 2027. It is anticipated to expand at a CAGR of 6.5% during the forecast period. Rapidly developing construction and automobile sectors are anticipated to drive th

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, today announced it has signed definitive agreements to expand in China through a 50:50 joint venture with the Liaoning Bora Enterprise Group (Bora). On September 5, 2019, LyondellBasell and Bora first signed a Memorandum of Understanding and announced their intention to form this joint venture during a ceremony in Panjin, China. "China is a large market with growing demand for high quality po

The Polyplastics Group is offering an improved polybutylene terephthalate (PBT) grade which provides improved tracking resistance for a range of high-voltage automotive components. DURANEX (R) PBT CG7030 is a 30% glass-filled grade which also delivers strong dimensional stability and highly stable electrical resistance, and dielectric breakdown properties. The automotive industry is undergoing drastic change with electrification gaining traction due to worldwide efforts to reduce th

ExxonMobile released a model framework for industry-wide methane regulations and urged stakeholders, policymakers and governments to develop comprehensive, enhanced rules to reduce emissions in all phases of production. ?ExxonMobil has been applying the principles of this framework to our oil and natural gas operations for several years, resulting in improvements that demonstrate what?s practicable and achievable,? said Darren Woods, chairman and chief executive officer of Exxon Mob

China is one of the largest export markets for the German plastics processing machinery industries. Therefore, the VDMA Plastics and Rubber Machinery Association has been keeping close eye on the latest developments related to the coronavirus outbreak. ? According to the German industry association, no member company maintains production facilities in the particularly affected Hubei region, and also no member has yet reported a coronavirus inflected case. The Managing Dire

Silafrica, an award-winning manufacturer and supplier of packaging solutions, has joined other top Kenya-based manufacturers in endorsing the launch of the Kenya Plastics Action Plan, a global long-term initiative of the Kenya Association of Manufacturers (KAM). This private sector-led initiative and Action Plan aims to bring manufacturers together to embark on collaborative strategies toward a circular economy focused on the sustainable manufacture, use and recycling of plastics in

TC Transcontinental announces the creation of a Recycling Group within TC Transcontinental Packaging. In 2020, this group will start purchasing equipment for converting flexible plastics recovered from sorting facilities and other commercial, industrial and agricultural sources into recycled plastic granules. It will also be on the lookout for potential acquisitions of companies in this sector. ?The creation of the Recycling Group aims to vertically integrate the recycling of plasti

Mitsubishi Chemical Corporation recently decided that it will acquire*1 two Swiss engineering plastics recyclers, Minger Kunststofftechnik AG and Minger Plastic AG (collectively, the Minger Group), through its group company Mitsubishi Chemical Advanced Materials (MCAM; Head office: Zurich, Switzerland; President: Michael Koch) as a part of the company?s efforts to promote the circular economy. The acquisition is expected to be completed by the end of February this year. Based on the

Align Capital Partners is pleased to announce the majority recapitalization of Marco Rubber & Plastics, a leading technology-enabled, specialty distributor of elastomer components, including O-rings, gaskets, and other high-performance seals and products. Headquartered in Seabrook, NH, Marco delivers high value performance sealing solutions to thousands of customers annually across a broad array of end markets, including aerospace, medical, semiconductor, chemical, and many other di

Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces today the use of construction blocks containing the Center for Regenerative Design & Collaboration's (CRDC) RESIN8? post-consumer plastic waste technology in the expansion of Braskem's world-class Innovation and Technology (I&T) Center in Pittsburgh, Pennsylvania. The Center for Regenerative Design & Collaboration, based in Costa Rica with operations in the U