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V-Shapes Formalizes Strategic Partnership with New Quantum Holdings

V-Shapes Formalizes Strategic Partnership with New Quantum Holdings

Improves representation and customer support in China, ASEAN, South Korea and the Middle East; new demo center planned in Singapore

V-Shapes, an innovative supplier of vertically integrated products and services for convenient, hygienic and sustainable single-dose packaging, today announced that it has formalized a strategic partnership relationship with Singapore-based New Quantum Holdings Pte Ltd (NQH) to expand its presence in Asia who, together with affiliated company Sustainable Green Solutions Pte Ltd (SGSPL), will be V-Shapes marketing representative with offices in China, ASEAN, South Korea, and the Middle East. The company offers value-added business activities via supply chain management and has a significant focus on sustainable technology, making it an ideal choice for V-Shapes. SGSPL will be joining V-Shapes CEO Christian Burattini and Business Development Executive Jesper Gustavsson on Stand AA17 at the upcoming ProPak Asia event, scheduled for 15 to 18 June at BITEC Hall in Bangkok. V-Shapes has worked with NQH/SGSPL on several projects over the past two years, with great progress.

“We are excited to be a formal strategic partner of V-Shapes in Asia and the Middle East, joining them at ProPak and working on creating a showroom here in Singapore so our clients can experience V-Shapes’ World First Innovative Sustainable Packaging Technology,” says Alan Yeap, CEO of NQH/SGSPL. “At the show, we will be presenting to attendees the value of V-Shapes sustainable and 4R (Reduce, Return, Recycle, Reward) concept sachets and demonstrating the six-lane ALPHA machine that enables packaging brand owners, converters/fillers, governments and NGO/NPOs to accomplish the complete manufacturing process of V-Shapes’ unique sustainable single-dose sachets under one roof with a compact footprint and full color branding, on demand and with the industry’s highest quality.”

“We expect that expanding our relationship with NQH/SGSPL will spur further growth for us in Asia and the Middle East, giving customers more localized support in the countries NQH/SGSPL serves,” says Jesper Gustavsson, Business Development and Founding Partner at V-Shapes. “In line with our focus on sustainability via the 4R program, we will also be showing at ProPak a new high-barrier 100% polypropylene material recently certified as fully recyclable by Interseroh. These materials, reNEW oX-100 and reNEW oX-500, were designed by V-Shapes and consist of a sheet of polypropylene copolymers with a high performance barrier. They are designed to be detected, sorted and recycled in the industrial waste stream. Interseroh ranked these two products at the high end of the scale in terms of suitability for mechanical recycling and the provision of secondary products.”

Gustavsson explains that typical barrier products also consist of multiple layers but are comprised of multiple polymers that severely limit their ability to be recycled, or prevent recycling altogether. With this new material, it adds no polyethylene or PET to the recycling stream that would downgrade its recyclability as is the case with other barrier materials, and its mono polymer construction makes it widely recyclable around the globe. These new materials create the same size and weight sachets as other 100% polypropylene materials used by V-Shapes.

To learn more about the new barrier products, the ALPHA vertically integrated end-to-end solution for production and filling of single-dose sachets that can be opened with a single gesture using one hand, and other products and services from V-Shapes, visit www.V-Shapes.com.

Note to Journalists: To schedule a one-on-one meeting with V-Shapes representatives at ProPak, contact monika.d@duomedia.com

Images & captions:

V-Shapes Formalizes Strategic PartnershipV-Shapes Formalizes Strategic Partnership

Caption: Alan Yeap, CEO of New Quantum Holdings Pte Ltd (NQH) and Sustainable Green Solutions Pte Ltd (SGSPL), and the New Quantum Holdings building.

Walki introduces a broad portfolio of recyclable materials for the growing frozen food segment

Walki introduces a broad portfolio of recyclable materials for the growing frozen food segment

Walki is answering to the growing demand for frozen food by expanding its portfolio of recyclable materials.

The global market for frozen food is expected to grow to 322 billion euros by 2026. Although the demand is growing globally across all age groups, it is especially popular among younger consumers.

“Frozen food is an ideal way to prolong shelf life without losing out on the vitamins. It is also an excellent way to combat food waste. This is important as up to 9 % of global carbon emissions can be attributed to food waste, especially fruit and vegetables”, says Dudley Jones, Consumer Sales at Walki.

Walki is introducing a broad portfolio of different materials, including printed solutions, to suit the needs of the frozen food market with the aim of making the packaging fully recyclable in the paper stream.

“Frozen food places high demands on the packaging. It needs to be both sturdy and puncture-resistant to handle diverse situations like pressures of sealing and mechanical tear during transportation. The packaging also needs to withstand variability in temperatures as some frozen food is defrosted in its packaging”, explains Jones.

Walki®EVO Seal and Walki®Opti Seal are recyclable paper-based packaging intended especially for pillow-pouches for frozen food. Walki®EVO Seal has a dispersion coating as barrier against water vapour and grease while Walki®Opti Seal has an optimised PE-extrusion coating.

“The dispersion coating makes Walki®EVO Seal recyclable in the waste-paper stream without any separation process, while the minimised PE-coating on Walki®Opti Seal makes it suitable to be recycled with paper with an acceptable fibre yield”, says Andreas Rothschink, Head of Product Development at Walki.

Both are suitable for all kind of frozen food: vegetables, seafood, bakery products to name a few.

Lamibel®MDO-PE is a film-based material for pillow pouches made of reverse printed MDO-film and solvent-free laminated with low sealing LDPE. Thanks to the MDO technology, the film thickness is minimized while performance is maximized by replacing other sorts of materials such as PP- or PET-films.

“This combination of two PE-films makes the packaging fully recyclable in the plastics stream. The stretched film has better optics with high stiffness and mechanical properties than standard PE. The film can also be transparent, allowing the consumer to see the product”, says Rothschink.

Lamibel®MDO-PE is an ideal material for all type of packaging (doypack, flowpack, pouches, etc.) as well as all kind of frozen food like vegetables, sharp-edges seafood and bakery.

Walki®Pack Tray is a board-based tray suitable for frozen ready-made meals, designed to replace aluminium, plastic or plastic-coated trays.

“The tray is easy to fill, transport and store, and is also the convenient choice for the consumer as the fibre-based tray is safe to use in microwaves and in conventional ovens up to 220 degrees for up to 60 minutes,” says Jones.

The tray material is 100% PET free and recyclable in the paper stream.

Worn Again Technologies announces plans to build a new textile recycling demo plant in Winterthur Switzerland

Worn Again Technologies announces plans to build a new textile recycling demo plant in Winterthur Switzerland

Worn Again Technologies’ demonstration plant will be constructed near one of the startup’s technology partners, Sulzer Chemtech, in Winterthur, Switzerland. This represents a crucial step towards upscaling and commercializing the company’s recycling process technology.

In particular, the new industrial-scale infrastructure will help validate the closed-loop chemical recycling solution that has been developed by Worn Again Technologies and its strategic partners. The process obtains polyethylene terephthalate (PET) and cellulose from non-reusable, hard-to-recycle textiles that constitute post-industrial and post-consumer waste. Additionally, the Worn Again Technologies process purifies the products by removing dyes, contaminants and impurities, a step forward from traditional recycling methods. As such, it delivers high-quality, virgin-like materials that can be reintroduced into supply chains to become new fibers, textiles and other products.

Erik Koep, CEO at Worn Again Technologies, comments: “We are excited to be taking the next step in making reliable, high-performance textile recycling a reality. The construction and operation of this demonstration plant are the next major milestones in achieving our vision for textile circularity. We look forward to starting operations soon and see this as the first plant in a global network of processing facilities.”

Torsten Wintergerste, Chairman of Worn Again Technologies, adds: “We are delighted to see our technologies being leveraged to create a state-of-the-art textile recycling plant. Building it in Switzerland gives Worn Again Technologies direct access to Sulzer Chemtech’s global R&D facilities and the Swiss textile industry. We will build an ecosystem of partners around this demo plant and drive forward the creation of a circular economy of textiles. Switzerland is an ideal location for Worn Again to realize the demonstration plant with all stakeholders in the shortest time period possible.”

https://wornagain.co.uk/

Plastindia Foundation announces 11th edition of international Plastics Exhibition, Conference & Convention – PLASTINDIA 2023

Plastindia Foundation announces 11th edition of international Plastics Exhibition, Conference & Convention – PLASTINDIA 2023

  • Hon’ble Union Minister of Health and Family Welfare, Chemical & Fertilizer Shri Mansukh bhai L. Mandaviya ji unveils the logo of PLASTINDIA 2023
  • PLASTINDIA 2023 to work towards developing India into a preferred sourcing hub for plastics globally

New Delhi, May 04, 2023: Plastindia Foundation today announced PLASTINDIA 2023, the 11th edition of international plastics exhibition, conference & convention, to be held from 01st to 05th February 2023, at the newly built State of the Art International Exhibition Centre at Pragati Maidan, New Delhi, India. PLASTINDIA 2023 will focus on innovation, sustainability, and growth, facilitating modern techniques that will help to maintain a cleaner environment and lead to sustainable economic growth.

The Hon’ble Minister of Health and Family Welfare, Chemical & Fertilizer, Shri Mansukh bhai L. Mandaviya ji unveiled the logo, Brochure and the goals of PLASTINDIA 2023 at an event in the capital. Also present on the occasion were Shri Bhagwanthbhai Khuba ji, Hon’ble Union Minister of State, (C&F and MNRE) and Smt. Arti Ahuja ji, I.A.S, Secretary to the Government of India (DCPC). Shri Jigish Doshi, President at Plastindia Foundation, Shri Ashok Goel, Chairman, National Advisory Board and Shri Ajay Shah, Chairman at NEC PLASTINDIA 2023 were also present.

The Indian plastics industry is growing at a rapid pace with the production and consumption increasing manyfold in the last 3 decades. Today, a major aim of the plastic bodies in India is to contribute significantly to the exports and to make India as one of the highest producers of Plastic. The current business environment, bolstered by the launch of Government of India’s ‘Atmanirbhar’ movement and ‘Vocal for Local’ initiative, gives an impetus to the plastics industry to grow and provides excellent export opportunities. Indian exports of plastics in the year 2019-20 was at USD 10.00 billion, which is expected to reach USD 25.00 billion by the year 2025.

Speaking on the occasion, Shri Jigish Doshi – President of Plastindia Foundation said “India is poised to become the plastics processing hub of the world. The industry that employs about 4 million people and comprises more than 50,000 processing units, is expected to reach 9.1 lakh crores (102 billion US Dollars) by 2025. We are committed to work closely with the government and the industry to facilitate growth and to work towards innovative and modern manufacturing techniques that will be sustainable for the environment and the economy.”

Over the years, the plastics industry has reinvented itself with advanced innovations and developed environment-friendly processing and utilization techniques that do not affect environment. With launch of PLASTINDIA 2023, the Foundation shared 10 goals to significantly contribute to the plastics industry:

  • Making India the number one destination for manufacturing plastics
  • Facilitate growth of the Indian plastics industry
  • Creating Employment opportunities to Empower the economy of the country
  • Make India a global sourcing hub for plastics
  • To encourage new innovative techniques
  • To increase the technically skilled manpower for the Indian Plastics Industry
  • To increase the exports of plastic
  • Increase the processing capacity of the plastic industry
  • Showcasing the opportunities, the global entities can tap
  • Act as a catalyst of growth for the plastics industry and sectors interconnected with the use of plastics

Shri Ajay Shah – Chairman, National Executive Council, PLASTINDIA 2023 said, “The Indian Plastics Industry presents excellent opportunities for processing machinery, tools, and plastic product suppliers plastic waste management and recycling equipment as well new age sectors of renewable energy, artificial intelligence and robotics. Our aim is to foster the growth of the Indian Plastic industry by holding world-class exhibitions to offer platforms for brands to launch new products, grow their network, learn new technologies, and exchange ideas at a global level.”

“PLASTINDIA 2023 aims at not only bringing together exhibitors and visitors from different sectors of the plastic industry but also displaying the new technologies and innovations in the industry. It is a great medium to showcase new products and a brilliant opportunity to connect with national and international decision-makers,” added Shri Ajay Shah.

The 11th PLASTINDIA Exhibition will be held from 1st to 5th February 2023 at the newly built State of the Art International Exhibition Centre at Pragati Maidan, New Delhi, India. This exhibition will provide an excellent opportunity for Exhibitors to showcase their new innovations in Processing, Machinery, Moulds and Dies, Auxiliary Equipment, Printing and Packaging, raw material and more.

 

Sumitomo Chemical and Newlight Technologies Announce Joint Development Project to Create Automotive and Textile Materials Using a Carbon-Negative*1 Microbe-Produced Biomaterial Called AirCarbon

Sumitomo Chemical and Newlight Technologies Announce Joint Development Project to Create Automotive and Textile Materials Using a Carbon-Negative*1 Microbe-Produced Biomaterial Called AirCarbon

Sumitomo Chemical Co., Ltd. and U.S.-based Newlight Technologies, Inc. have started the joint development of polypropylene (PP) compounds*2 for use in automobiles and textile applications using a carbon-negative biomaterial produced by microorganisms from methane called AirCarbonTM.

Methane is said to have a greenhouse effect approximately 25 times greater than that of carbon dioxide, and its reduction is crucial to effectively curb global warming. The 26th United Nations Climate Change Conference (COP26) in 2021 launched an international framework aimed at reducing methane emissions.

The Sumitomo Chemical Group, as a globally-operating chemical manufacturer, is advancing initiatives to achieve carbon neutrality by 2050 on the two fronts of its self-imposed obligation to bring the Group’s greenhouse gas (GHG) emissions close to zero and its contributions to global GHG emissions reduction through the Group’s products and technologies. In particular, in the area of automotive materials, where high quality and lower environmental impact are required, Sumitomo Chemical manufactures and supplies high-performance PP compounds and products made from recycled materials for the world’s leading car manufacturers.

Newlight Technologies is a company headquartered in California, the U.S., that has successfully developed the world’s first commercialized biomaterial made from methane as a carbon source (product name: AirCarbonTM) through its proprietary research utilizing methanotrophs*3, microorganisms that exist in nature that metabolize methane. Third-party organizations*4 have certified that the carbon footprint of AirCarbonTM is significantly negative when produced using renewable sources of energy for electric power. Newlight Technologies started the operation of the world’s first commercial-scale manufacturing plant for AirCarbonTM in 2020, and has been supplying the biomaterial to a wide variety of customers.

In this joint development project, Newlight Technologies will develop new grades of AirCarbonTM suitable for use in automotive and in textile applications, sourcing methane emissions captured and recovered from coal mining, agricultural, and industrial operations as the starting point for its production process. Sumitomo Chemical, leveraging its resin design and processing technologies cultivated over many years, will develop new compounds made from resins developed by Newlight Technologies and PP, with the aim of creating materials for automotive bumpers and interiors with equivalent quality and lower environmental impact as compared with conventional PP compounds, as well as materials for textiles that can be dyed, which has been difficult with conventional PP compounds but which can be improved through the use of AirCarbonTM. Sumitomo Chemical and Newlight Technologies will work together to contribute to creating a carbon-neutral society by providing various industries with products created through the combination of each other’s technologies.

Sumitomo Chemical will continue to actively promote open innovation with a range of stakeholders and accelerate the development of new products and technologies that help resolve societal problems.

Noriaki Takeshita, Representative Director and Senior Managing Executive Officer, Sumitomo Chemical:
“Our PP compounding business is actively promoting the use of recycled PP to contribute to building a circular economy. By leveraging AirCarbonTM from Newlight Technologies, we will provide carbon-negative PP compounds to our customers.”

Mark Herrema, Chief Executive Officer, Newlight Technologies:
“The mission of AirCarbonTM is using nature-based solutions to create decarbonization at scale, and our work with Sumitomo helps us move closer to that goal. We are excited to team up with Sumitomo and look forward to seeing applications on the market that help automotive partners meet their carbon reduction goals.”

https://www.sumitomo-chem.co.jp/

 

Mutares acquires MANN+HUMMEL Group’s high-performance plastic parts business

Mutares acquires MANN+HUMMEL Group’s high-performance plastic parts business

Mutares SE & Co. KGaA has signed an agreement to acquire the high-performance plastic parts business of MANN+HUMMEL. The segment includes products beyond filtration and separation solutions, including air intake manifolds, high-pressure air lines and fluid reservoirs. In addition, as part of the transaction, Mutares and MANN+HUMMEL have agreed on a manufacturing cooperation, which will contribute to the total revenues of EUR 500 million. Headquartered in Ludwigsburg, Germany, the MANN+HUMMEL Group develops intelligent filtration and separation solutions under its two business segments Transportation and Life Sciences & Environment that enable cleaner mobility, cleaner air and cleaner water.

This acquisition of the MANN+HUMMEL business will strengthen the Automotive & Mobility segment. The closing of the transaction will result in the acquisition of MANN+HUMMEL’s entire business beyond filtration and separation solutions, which essentially consists of production facilities in Bad Harzburg, Sonneberg (Germany) and Laval (France) with a total of approximately 1,500 employees. MANN+HUMMEL’s business is very well positioned in the market and supplies well-known original equipment manufacturers in the automotive industry worldwide. In addition, it will benefit from synergy effects with LMS and SFC Solutions Group, which together can offer their customers a broad product portfolio of injection molded components and elastomer parts worldwide.

“I am very pleased to announce the acquisition of MANN+HUMMEL’s high-performance plastic parts business. With our expertise in the automotive industry and the trend towards e-mobility, we see new opportunities and thus enormous growth potential for the company. Especially the synergy potential with LMS and the SFC Solutions Group will make the company an indispensable partner in the automotive supply sector of plastics and elastomers,” comments Johannes Laumann, CIO of Mutares SE & Co. KGaA.

 

FRATELLI GUZZINI SELECTS SUSTAINABLE STYRENICS SOLUTION FROM INEOS STYROLUTION BASED ON BIOMASS BALANCED STYRENE FROM BASF

FRATELLI GUZZINI SELECTS SUSTAINABLE STYRENICS SOLUTION FROM INEOS STYROLUTION BASED ON BIOMASS BALANCED STYRENE FROM BASF

  • New Guzzini drinkware made from INEOS Styrolution’s sustainable ECO materials
  • BASF to supply biomass balanced styrene as plastic feedstock
  • Completely certified production process

Fratelli Guzzini has today anounced it has selected a range of INEOS Styrolution’s sustainable NAS® ECO materials as materials of choice for its new range of drinkware solutions. NAS ECO is a styrene methyl methacrylate (SMMA) material, which is the result of a cooperation between INEOS Styrolution and BASF. It is built on BASF’s production of styrene monomer derived from renewable feedstock based on mass balance based processes. INEOS Styrolution uses the material as feedstock in its production of new sustainable styrenics solutions.

First customer in tableware and household appliances to benefit from the new solutions is Fratelli Guzzini, a world leading company in this sector.

Domenico Guzzini, President at Fratelli Guzzini, comments: “We are pleased to respond to the growing demand from our customers to deliver solutions with a significantly reduced impact on the environment.”

NAS ECO with significantly reduced CO2 footprint

BASF’s biomass balance (BMB) based styrene is used by INEOS Styrolution in the production of bio-attributed styrenics specialties, mainly transparent styrenics materials such as the company’s NAS® family of SMMA (styrene methyl methacrylate) products and the Luran® family of SAN (styrene acrylonitrile copolymer) products.

The end-to-end mass balanced based production of the new solution portfolio is certified by ISCC during BASF’s and INEOS Styrolution’s processes.

Mark Beitz, Head of Sustainability, R&D and Regulatory, at INEOS Styrolution comments: “The joint approach with BASF allows us to offer our customers solutions with a significantly reduced CO2 footprint that help them to deliver sustainable solutions to end users.”

(Bio)mass balanced styrene

To produce BMB styrene, BASF replaces fossil resources like naphtha or natural gas by renewable feedstocks derived from organic waste or vegetable oils. It is one way to produce styrene via a mass balance approach. Mass balance is a chain of custody model that keeps track of the total amount of (e.g., circular or other alternative) feedstock throughout the production process and ensures a proper allocation to the finished goods.

Raw material and plastic producers like INEOS Styrolution and BASF can thus offer products with a better environmental profile but the same properties as those manufactured from fossil feedstock. The allocation process via the mass balance approach as well as the products are certified by independent auditors. Read more about BASF’s Biomass Balance Biomass balance approach (basf.com). “Using biomass-balanced based (BMB) feedstocks instead of virgin fossil resources contributes directly to an improved CO2 footprint of subsequent products,” says Klaus Ries, Vice President for BASF’s Styrenics Business Europe. “Next to raw materials based on chemically recycled feedstock, BMB is the second strong pillar for us when it comes to using alternative feedstock and contributing to the replacement of new fossil resources. It is of utmost importance for us to cooperate along the whole styrenics value chain.”

Direct sound printing is a potential game-changer in 3D printing

Direct sound printing is a potential game-changer in 3D printing

Most 3D printing methods currently in use rely either on photo (light)- or thermo (heat)-activated reactions to achieve precise manipulation of polymers. The development of a new platform technology called direct sound printing (DSP), which uses soundwaves to produce new objects, may offer a third option.

It shows how focused ultrasound waves can be used to create sonochemical reactions in minuscule cavitation regions — essentially tiny bubbles. Extremes of temperature and pressure lasting trillionths of a second can generate pre-designed complex geometries that cannot be made with existing techniques.

“Ultrasonic frequencies are already being used in destructive procedures like laser ablation of tissues and tumours. We wanted to use them to create something,” says Muthukumaran Packirisamy, a professor and Concordia Research Chair in the Department of Mechanical, Industrial and Aerospace Engineering at the Gina Cody School of Engineering and Computer Science. He is the paper’s corresponding author.

Mohsen Habibi, a research associate at Concordia’s Optical-Bio Microsystems Lab, is the paper’s lead author. His lab colleague and PhD student Shervin Foroughi and former master’s student Vahid Karamzadeh are co-authors.

As the researchers explain, DSP relies on chemical reactions created by fluctuating pressure inside tiny bubbles suspended in a liquid polymer solution.

“We found that if we use a certain type of ultrasound with a certain frequency and power, we can create very local, very focused chemically reactive regions,” Habibi says. “Basically, the bubbles can be used as reactors to drive chemical reactions to transform liquid resin into solids or semi-solids.”

The reactions caused by ultrasound-wave-directed oscillation inside the micro-sized bubbles are intense, though they only last picoseconds. The temperature inside the cavity shoots up to around 15,000 Kelvin and pressure exceeds 1,000 bar (the Earth’s surface pressure at sea level is around one bar). The reaction time is so brief the surrounding material is not affected.

The researchers experimented on a polymer used in additive manufacturing called polydimethylsiloxane (PDMS). They used a transducer to generate an ultrasonic field that passes through the build material’s shell and solidifies the targeted liquid resin and deposits it onto a platform or another previously solidified object. The transducer moves along a predetermined path, eventually creating the desired product pixel by pixel. The microstructure’s parameters can be manipulated by adjusting the duration of the ultrasound wave’s frequency and the viscosity of the material being used.

The authors believe that DSP’s versatility will benefit industries that rely on highly specific and delicate equipment. The polymer PDMS, for instance, is widely used in the microfluidics industry, where manufacturers require controlled environments (cleanrooms) and sophisticated lithographic technique to create medical devices and biosensors.

Aerospace engineering and repair can also benefit from DSP, as ultrasound waves penetrate opaque surfaces like metallic shells. This can allow maintenance crews to service parts located deep within an aircraft’s fuselage that would be inaccessible to printing techniques reliant on photoactivated reactions. DSP could even have medical applications for remote in-body printing for humans and other animals.

“We proved that we can print multiple materials, including polymers and ceramics,” Packirisamy says. “We are going to try polymer-metal composites next, and eventually we want to get to printing metal using this method.”

 

https://www.concordia.ca/

Neste teams up with Circularise to increase visibility along circular polymers and chemicals value chains

Neste teams up with Circularise to increase visibility along circular polymers and chemicals value chains

Neste and Netherlands-based startup Circularise have announced a partnership to bring Circularise’s traceability software into circular polymers and chemicals supply chains. The companies are collaborating in establishing digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chain.

The companies will use Circularise’s blockchain-based supply chain traceability software, which creates a digital twin for the physical material. The twin stores information on the used materials throughout the value chain, enabling all value chain parties to keep track of the material. This allows them to verify where materials come from and how and where they were processed. The digital twin can also provide information on sustainability data such as the carbon footprint of the materials or products made from them.

Data-based supply chain visibility can strengthen trust in sustainable solutions

Solutions to increase visibility into supply chains become particularly valuable in the polymers and chemicals industry as materials undergo several processing steps and often get blended and co-processed with other materials. Especially in the ramp-up phase of more sustainable and circular value chains, renewable or recycled materials may be processed together with fossil materials – making it difficult to verifiably link end products with a much lower carbon footprint and the renewable or recycled materials they were produced with. As long as there is a mix of raw materials, a large share of renewable or recycled products will rely on a mass balancing allocation method as a way to link the end products to their raw materials.

With a digital supply chain tracking system, Neste and Circularise intend to enable value chain players to still make verifiable claims about such products. At the same time, it will allow parties along the value chain to better understand their supply chains, leading to improved transparency when it comes to life cycle emissions of products or other sustainability factors such as biodiversity and human rights.

“It’s usually very easy to claim sustainability, but very often, it’s not easy at all to back these claims,” says Isabella Tonaco, Vice President Strategy Execution & Marketing at Neste Renewable Polymers and Chemicals. “Yet, trust and credibility are crucial factors when it comes to sustainability. Being able to track and trace all the materials going into a product provides a solid basis for gaining that trust and credibility. We are looking forward to working with Circularise to provide the polymers and chemicals industry with a traceability solution to bring the necessary transparency into the value chains.”

While the purpose of the collaboration is increasing visibility and trust, Circularise also puts priority on confidentiality. Using a public blockchain-based infrastructure and Circularise’s proprietary Smart Questioning technology allows combining these two targets into one solution, enabling the sharing of trustworthy data and information between parties along the value chain without compromising on intellectual property or privacy.

“We want to really break the communication barriers that limit supply chain traceability,” said Mesbah Sabur, the founder of Circularise. “And we’ve been working with suppliers that truly want to create circular operations, that want to cooperate with their clients and regulators, that want to share insights into their products, but at the same time don’t want to risk their sensitive data. Neste is one of the frontrunners in this space and we are excited to work with them to make supply chains more transparent and the world more circular.”

 

https://www.neste.com/

Alpek Concludes Acquisition of Octal

ALPEK CONCLUDES ACQUISITION OF OCTAL

Alpek, S.A.B. de C.V. announced that it has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC (“OCTAL”).

Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL for U.S. $620 million on a debt-free basis. Financing was secured through a mix of free cash flow generated from existing businesses and dedicated bank loans.

Alpek will assume control of OCTAL’s operations starting on June 1, 2022. The Company expects an accretive EBITDA effect of approximately U.S. $120 million from these assets throughout the remainder of 2022, largely based on the better-than-expected Polyester market conditions prevalent in recent months. This would increase the Company’s Comparable EBITDA Guidance to U.S. $1,370 million and Reported EBITDA Guidance to U.S. $1,485 million.

“We are pleased to have concluded this acquisition ahead of the expected timeline,” stated José de Jesús Valdez, Alpek’s CEO. “We are excited to welcome OCTAL’s management team and employees into our family, leveraging their long-standing relationships with customers, their diverse backgrounds, and technical proficiency to drive the Company’s long-term growth.”