Plastics

• [New] Two facilities have already received planning consent at the Plastic Park, including the UK's first waste plastic to hydrogen facility using Powerhouse Energy technology and a PET recycling plant that will turn used food and beverage packaging into new packaging products. Environment Journal
• [New] If plastic production and use grow at the current rate, CO 2 emissions associated with plastic manufacturing will account for 17% of the global carbon budget by 2050. AZoM.com
• [New] Iceland's frozen Easy Peel Wild Red Shrimp will be completely free from plastic with a coated paper bag replacing the old packaging, a truly ground breaking innovation for frozen food. Packaging News
• [New] The CPA plant will become Australia's largest polyethylene terephthalate (PET) plastic recycling plant and only the second facility of its kind in Australia to process PET end-to-end into food-grade recycled materials. Clean Energy Finance Corporation
• [New] Dow has announced a multi-year agreement with Texas-based New Hope Energy, which will also supply Dow with feedstock for the production of circular plastics in North America. Packaging Europe
• [New] As a premier distributor, 3D at Nexeo Plastics will now offer direct global distribution of additional Covestro filaments, as well as Somos resins for SLA and Digital Light Processing / Liquid Crystal Display 3D printing. Yahoo Finance
• Upon completion of the large-scale facility, the operation in Baytown will be among North America's largest plastic waste recycling facilities and will have an initial planned capacity to recycle 30,000 metric tons of plastic waste per year. American Fuel & Petrochemical Manufacturers
• The state-of-the-art facility will make a significant contribution to the development of Australia's circular economy, by turning plastic waste into reusable materials. Clean Energy Finance Corporation
• In North America, the sales of automotive plastic bumpers will witness a considerable rise in production of passenger cars. The Cloud Tribune
• The move to a 100% rPET bottle, which is made from recycled plastic, will lower greenhouse gas emissions by approximately 30% per bottle. Forbes
• Japan has taken the lead in driving chemical recycling technology as one of the deliverable solutions to meet its 2030 goal of reducing disposable plastic waste by 25% and achieving carbon neutrality by 2050. S&P Global Platts
• To reduce other environmental impacts, JAL will reduce the amount of single-use plastic used and take measures to minimize the amount of on-board food waste. Arlines AITA
• Plastics Pact recently launched a national strategy that will make all plastic packaging in the US reusable, recyclable, or compostable by 2025. AZoCleantech.com
• Expansion of SodaStream, which sells carbonization systems that allow consumers to make soda at home, will avoid the use of 200 billion plastic bottles by 2030 while helping consumers reduce their carbon footprint. Roll Call
• Nordico, another new, non-leather material Volvo will be using, consists of textiles made from recycled material such as plastic bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry. Automotive News
• The global jute bag market reached a value of $2.07 billion in 2020 and is projected to touch $3.1 billion by 2024 as consumers look for alternatives to single-use plastic. The Manila Times
• Investors should constructively engage with companies in the plastic packaging value chain to determine how they are managing risks and opportunities and to encourage them to take action by 2025. Future-Fit Business
• In spite of growing consumer awareness of the environmental impacts of plastic waste, the quantity of single-use plastics produced annually is expected to grow by 30% over the next five years, risking further damage to the marine environment as well as a rise in carbon emissions. E&T
• While the Welsh Government's research has indicated the public want to see more action on addressing the amount of plastic packaging produced it appears it has nothing to fear from strengthening legislation that impacts consumers. The National Wales

Last updated: 24 October 2021