The 21th Asia Pacific International Plastics and Rubber Industry Exhibition

European Commission proposed an encompassing strategy to move towards EU industrial leadership in advanced materials, a crucial technology for green and digital transition.Advanced materials are intentionally designed and engineered materials to provide superior performance or special functions. They are fundamental for innovation in energy, electronics, construction and mobility, and thus important for the green and digital transition.The demand for advanced materials is expected to increase si

LyondellBasell acquired mechanical recycling assets with rigid plastics recycling processing lines from PreZero, arecycling and waste management service provider.The transaction includes leasing the processing facility in Jurupa Valley,California, the US.The processing facility holds annual production capacity of about 50million pounds for recycled materials.LyondellBasell will operate the newly-acquired recycling plant to manufacture post-consumer recycled resins using plastic waste feedstock.

Amcor announced a significant expansion of its thermoforming production capacity for the healthcare market in North America.The expansion includes addition of automated,state-of-the-art thermoforming equipment at Amcor's healthcare manu-facturing plant in Oshkosh,Wisconsin.Expected to be operational as early as December 2024, the new equipment will be located in the Class 7 cleanroom at the plant, which operates under the ISO13485 quality system.The expansion will support increasing demand i

Innovia Films launched RayoFloat - a low density white film made from polyolefin(WAPO) with floatability when printed, closing the loop of food grade packaging.The opaque film delivers light blocking properties that can be applied to industries that are light sensitive, such as dairy, food supplements, nutritional products and cosmetics.At the present, many light-sensitive products are packed in HDPE bottles, which are not recycled back into food grade packaging.RayoFloat white APO allows easy s

The World Bank priced a seven-year US$100 million,principal-protected Plastic Waste Reduction-Linked Bond.Two projects in Ghana and Indonesia are chosen to be invested.How the bond works?This innovative bond mobilizes private capital to support the financing of projects. Through the transaction, investors provide around US$14 million in up-front financing for the projects to increase capacity at existing facilities, expand new collection and recycling sites, and install food-grade recycling equi

European Bioplastics (EUBP)released Policy Manifesto to call on the European Union (EU) to develop a comprehen-sive Biopolymers Industrial Action Plan to accelerate the growth of bioplastics industry.The action plan prioritizes the following six key points:·Harmonizing regulations: The EU should harmonize regulations, including integration of bioeconomy concepts and priorities, within the regulatory framework for bioplastics.Incentivizing access to sustainable biomass: The EU has to strike a bal

Through its PO-Rein joint venture, Plastic Omnium has started the construction of its high-pressure hydrogen vessels mega-plant in Jiading,Shanghai, China. It will complement the company's production capacity in Shanghai,where the Group already has its first hydrogen vessels production plant. operational since 2024.The future 28,000-square-meters mega-plant will be located in Jiading Hydrogen Park, one of the country's main hy-drogen development hubs.Scheduled to be operational in 2026,

LyondellBasell releases a cross-linkable, all-in-one flame-retardant compound - Petrothene T3XL7420,which im-proves the quality of end products of wire in automotive and appliance industries.Petrothene T3XL7420 offers features including enhanced cure kinetics, increased stiffness for easier small gauge wire assembly and better barrier performance. Based on customer demand and industry need, this compound is designed to address the need to optimize production line speeds and enhance manufacturing

Loop Industries, a clean technology company aiming to manufacture 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, signed a non-binding Memorandum of Understanding(MOU) with Reed Management, a European investment firm focuses on high impact and technology-enabled infrastructure, for non-dilu-tive capital.The two companies intend to form a strategic long-term partnership through the establishment of a 50/50 joint venture to com-mercialize Infinite Loop technology in Eur