The essential briefing on materials, markets, regulation, packaging, recycling, and the people moving the plastics industry forward.
Revalyu Resources, a PET plastic recycling company, has invested USD 100 million to expand its production capacity at its Nashik site, making it the world’s largest this kind of recycling facility, the company said in a statement. The recent commissioning of the second plant increased the company’s capacity to recycle over 20 million used PET […]
Brazil’s plastic recycling rate fell from 25.6% in 2022, the best year on record, to 20.6% in 2023. It is the worst result since records began in 2018 in the South American country. MaxiQuim, a business valuation company in the chemical industry, compiled the data at the request of the Plastics Chain Incentive Plan (PICPlast, […]
Citroniq, a Houston-based maker of carbon-negative materials, announced it raised $12 million in series A funding. The financing was co-funded by Lummus Technology, which last year announced plans to build four bio-based polypropylene (PP) plants in the United States in partnership with Citroniq. The funding is expected to enable Citroniq to further advance the planning, design, […]
Press Release, Orbis Research: The Global Miniature Injection Molding Machine market is well elaborated in the given market report. It touches upon every aspect of the market and aims to provide a brief description of the market. It is inclusive of relevant data and analyses to provide the updated information of the Global Miniature Injection Molding […]
Recycled plastics is produced from scrap or waste plastic and is further utilized in manufacturing various products such as storage containers, concrete, and PVC windows for building & construction, packaging, automotive, electrical & electronics, and textile industry. Market Overview: Recycled plastics are plastic materials that have been recycled from post-consumer and post-industrial waste streams. They […]
Companies in the US plastics and rubber product manufacturing sector have increased their R&D investment by 19.4% compared to the previous year, according to the latest annual data. The surge indicates strong growth following a 5-year innovation slump, where R&D investment in the industry fell by -16.2% in half a decade. In the latest year, […]
Plastics products’ exports from the country are likely to top $25 billion by 2030 with Plexconcil — the Plastics Export Promotion Council under the aegis of the Department of Commerce, Government of India — working out multiple strategies to promote the products. “We are sure that we will be able to reach around $25 billion […]
Starting with the 1st of June 2024 it is planned to increase the deposit fee for plastic packaging for beverage manufacturers, according to the entry from the Public Utilities Commission (SPRK) in the Latvian Herald. The tariff used by Depozīta iepakojuma operators (DIO) LLC provides an increase in the cost of coloured plastic single-use deposit […]