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
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Kiefel is reinforcing its management. Stefan Moll has been responsible for technical matters as CTO since May 1, 2020, with a particular focus on global medical engineering business. Moll complements the existing management team of Thomas J. Halletz, CEO, and Peter Eisl, CFO. Stronger focus on sustainability Food packaging must achieve
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
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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
Read moreRecyclates 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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The financial year 2019/20, which ended on 31 March, marks a special milestone in Erema’s corporate history. For the first time the group of companies generated a consolidated total turnover of more than EUR 200 million and, with its recycling technologies and professional services, impressively underlined its position as a technology
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“Born Again” – State-of-the-art recycling plant inaugurated in Bangalore Manjushree Technopack Limited (MTL),India’s largest rigid plastics packaging company and backed by Advent International, launched its new initiative “Born Again” to deliver recycled packaging material to the FMCG Industry and support brands in their journey of creating a greener world. Born Again,
Read moreIndorama Ventures Public Company Limited would like to inform that it has, through its indirect subsidiary Indorama Ventures Polimeros S.A., acquired 100% equity stake of AG Resinas Ltda., a limited liability company incorporated under the laws of Brazil and completed the transaction on June 8, 2020. AG Resinas is a PET
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Shake up of main concerns for business performance during crisis / Image of plastics appearing less negative / Sales decline for most companies: Covid-19 is impacting the European plastics industry in various ways. More than three quarters of plastics companies reported lower sales this spring compared to April 2019, with around
Read moreRecyClass Recyclability Methodology document provides comprehensive information on the assessment methods used to assess and certify recyclability of a plastic package. By certifying packaging compatibility with a recycling process, the methodology is geared towards setting a level playing field for design for recycling claims of the value chain actors. RecyClass specifies
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Corporate Social Responsibility (CSR) is becoming increasingly important. With Clarissa Graf, the Austrian mechanical engineering company Starlinger has hired a Sustainability Manager to address this essential task; since autumn 2019, she has been actively defining CSR measures for the internal and external implementation of the company strategy. One of these measures
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