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Recycled content – Johnson Matthey demonstrates new recycling technology for fuel-cell and electrolyzer materials 17-11-2023

recycled content

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Beverage industry calls for priority access to recycled content

Seeks to anchor the right to recycled content in proposed PPWR

With the plenary vote on the proposed EU Packaging and Packaging Waste Regulation (PPWR) just a short week away, the European natural mineral water and soft drink industries are urging MEPs to ensure a priority access to recycled content is part of the proposal.

In Sweden and Slovakia, two countries that have already implemented priority access for the beverage industry, the measure has proven to be crucial to securing a consistent supply of recycled content, say deposit and return system (DRS) operators from those countries. It promotes closed-loop recycling where technically possible, and encourages other sectors to invest in the collection and recycling of their own products –  ultimately contributing to a more circular economy.  recycled content

“We see the true value of having a priority access to recycled content enshrined within the Swedish DRS,” Anna-Karin Fondberg, managing director at Sveriges Bryggerier (the Swedish Brewers). With this priority access, also our SMEs are in a position to make the necessary investments in recycled content to achieve their recycled content obligations and circularity ambitions.”

‘’A priority access right to recycled material is a fundamental component of the Slovak DRS,” added Lucia Morvai, director of external affairs and communications of the Slovak DRS Administrator.

“This is absolutely necessary to enable a circular economy. SMEs, in particular, have a lot to gain from it, because they have the possibility to comply with the EU’s recycled content obligations whilst remaining competitive.’’  recycled content

Considerable investments are being made by the European natural mineral waters and soft drinks industries, among others in lightweighting solutions, recyclability and efficient collection systems, such as Deposit and Return Systems. These investments are vital in order to meet the EU mandatory recycled content targets. However, under the current EU regimes, only recycled PET is authorised for use in food contact applications. It is, therefore, imperative for beverage manufacturers to secure a stable supply of rPET if they are to be able to comply with the targets set by the EU.

For this reason, the downcycling of PET beverage bottles should be discouraged, says the industry. According to a 2022 study by Eunomia and Zero Waste Europe, around 68% of the PET beverage bottles collected for recycling are downcycled into other PET product applications, such as polyester textiles, automobiles or toys, rather than collected for bottle-to-bottle recycling. This breaks the recycling loop and restricts the overall rPET supply.  recycled content

recycled content

Sweden opens state-of-the-art plant for sorting plastics for recycling

A new plastics sorting facility inaugurated in Sweden on Wednesday is being billed as the largest of its kind, and one designed to double the amount of plastic packaging materials being recycled in the Nordic country.

A new plastics sorting facility inaugurated in Sweden on Wednesday is being billed as the largest of its kind, and one designed to double the amount of plastic packaging materials being recycled in the Nordic country.  recycled content

Thanks to cutting-edge technology, the Site Zero plant in the central city of Motala can sort up to 200,000 tons of plastic packaging a year, according to Sweden Plastic Recycling, a non-profit company co-owned by Swedish plastics, food and trade industry groups. The company says that’s more than any other sorting facility in the world.

A unique feature of Site Zero is that it can separate up to 12 different types of plastic.

An old plant at the same location could only sort 5 types of plastic, which meant that only 47% of the material was sent on for recycling and the rest was incinerated, said Mattias Philipsson, CEO of Sweden Plastic Recycling.

The new plant will be able to send up to 95% of the packaging for recycling, minimizing the amount that is incinerated. Burning plastic has a climate impact by adding greenhouse gasses to the atmosphere.

The world produces more than 430 million tons of plastic annually, two-thirds of which are short-lived products that soon become waste, filling the ocean and, often, working their way into the human food chain, the U.N. Environment Program said in an April report.

Plastic waste produced globally is set to triple by 2060, with about half ending up in landfill and under one-fifth recycled.  recycled content

Efforts to create a landmark treaty to end global plastic pollution are taking place in Kenya’s capital, Nairobi, where nations, petrochemical companies, environmentalists and others affected by the pollution are gathered for U.N.-backed negotiations.

At Site Zero, the roar of the machines is deafening as conveyor belts carry 40 tons per hour of mixed plastic waste through the entrails of the factory. Gradually, as the chocolate wrappers, plastic bags, yogurt containers or white polystyrene progress across the 60,000 square-meter complex, it’s broken down, separated by size and sorted in a fully automated process reliant on infrared cameras.  recycled content

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recycled content

Indorama Ventures reports stable quarterly earnings; management focused on bolstering performance in challenging environment 

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported stable third-quarter earnings as the company’s management focuses on conserving cash and improving competitiveness to bolster performance in a continued period of weakness in the global chemical industry.

Indorama Ventures achieved EBITDA of $324 million in 3Q23, an increase of 1% QoQ and a decline of 37% YoY, impacted by a weak economic environment, geopolitical tensions, and continued post-pandemic disruptions in global markets.  recycled content

Sales volumes dropped 5% from a year ago to 3.6 million tons as China recovers from the pandemic more slowly than expected and an extended period of destocking in the manufacturing and chemical sectors continues to normalize from unprecedented levels last year. Management continues to focus on conserving cash, realising efficiency improvements, and optimising the company’s operational footprint to boost profitability. These efforts resulted in positive operating cash flow of US$410 million in the quarter, positive free cash flow of $79 million year to date, and room for further reductions in working capital going forward. The company’s AA- rating was maintained by TRIS in the quarter, with a stable outlook. The company expects the operating environment to improve in 2024 as customer destocking continues to ease across all three of Indorama Ventures’ segments. The ramp up of PET and fibers expansion projects operations in India and the U.S. will also contribute to increased volumes.  recycled content

Combined PET posted EBITDA of $146 million, a 25% decline QoQ, amid historically low benchmark PET margins, increased feedstock prices in Western markets, and lingering effects of destocking. Integrated Oxides and Derivatives (IOD) segment posted a 27% rise in EBITDA to $119 million QoQ, supported by strong MTBE margins in the Integrated Intermediates business. The Integrated Downstream portfolio’s profitability was impacted by destocking, inflationary pressures, and margin pressure from imports. Fibers segment achieved a 140% increase in EBITDA to $48 million QoQ as Lifestyle volumes grew in key markets in Asia, and the Mobility and Hygiene verticals benefited from management’s focus on optimizing operations and refocusing the organization.

Mr DK Agarwal, Deputy Group CEO of Indorama Ventures, said, “I am pleased to report that we are making meaningful progress on the management actions that I mentioned in the last quarter.  recycled content

In the short term, these are resulting in positive free cash flow generation, while in medium term we continue to defend aggressively our first-quartile cost position to emerge with enhanced profitability post the return to normalization in 2024 from the challenging operating environment that the industry faces. I must admit it is surprising that global inventory levels have yet to reach optimum levels, including our own, as the value chains in our segments de-leverage against higher operating costs, especially in Europe and in general from steep interest costs that we feel may stay at peak levels for longer. We are adjusting our global footprint to meet the anticipated supply/demand environment and trade flows to ensure we continue to provide our customers with competitive and reliable offerings and are aligned in providing best-in-class sustainable solutions.”

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recycled content

“Navigating the Path to a Circular Economy: IDTechEx Explores Sustainable Polymer Technologies”

In the global pursuit of a circular economy, governments, brands, materials suppliers, and the public are rallying to address the escalating threat posed by surging plastic consumption. The Organisation for Economic Co-operation and Development (OECD) predicts a doubling of global plastic consumption by 2050, accentuating the urgency for sustainable polymer solutions. IDTechEx, a leading research firm, sheds light on the pivotal role played by various stakeholders in propelling the polymer industry towards greater sustainability.  recycled content

Four influential groups are steering the drive for sustainable polymers: governments, retailers or brands, non-governmental organizations (NGOs), and the public. Regulatory measures, investments, pledges, and consumer behavior are all contributing factors, with the enforcement and monitoring of regulations likely to wield the most significant influence. A notable development occurred in 2023, as representatives from 180 countries gathered in Paris to discuss a treaty aimed at curbing global plastic pollution.

Addressing the call for sustainable plastics necessitates innovations across the entire polymer value chain, encompassing chemical suppliers, end-users, and recyclers. IDTechEx delves into these innovations, exploring alternative feedstocks such as carbon dioxide (CO2) and biobased inputs, alongside production processes like white biotechnology. The application of these sustainable polymers, especially in high-demand sectors like packaging, is crucial. Furthermore, the end-of-life recycling, through both established mechanical processes and emerging advanced recycling methods, plays a vital role in establishing a truly circular economy.  recycled content

The transition to sustainable polymers encounters various technical and economic challenges, contingent on factors like product properties, the “green premium,” and the ability to decouple pricing from traditional raw materials. IDTechEx delves into the technological developments, challenges, and outlook for innovations spanning the entire polymer value chain.

Biobased feedstocks, including carbon dioxide, bacteria, and others, take center stage in the quest for sustainability. Carbon capture and utilization technologies hold the promise of transforming polymer production into a carbon-negative industry. While challenges persist, government support, investments, and technological advancements signal a positive trajectory.  recycled content

The bioplastic industry, driven by demand for sustainable polymers, is expected to grow at a 10.1% compound annual growth rate over the next decade. Notable advancements include the production of biodegradable water bottles using polyhydroxyalkanoates (PHAs), showcasing the industry’s potential to compete with traditional plastics.

White biotechnology emerges as a promising area for converting biobased feedstocks into commodity chemicals and materials. Though faced with historical challenges, advancements in synthetic biology provide new possibilities for industrial production using living cell factories.

The application of sustainable polymers in end markets, particularly packaging, presents unique challenges. The sustainable packaging market is evolving rapidly, with increasing regulations on single-use plastics driving the adoption of recycled and biobased materials.

Chemical recycling, despite controversies surrounding its environmental impact, offers a valuable pathway for enhancing the value of end-of-life plastics. With major players entering the market, the mid-term growth of chemical recycling is inevitable, though subject to ongoing scrutiny.  recycled content

In conclusion, the outlook for sustainable polymer technologies is optimistic, driven by the imperative to address plastic consumption and stringent government regulations. As sustainability becomes a corporate and consumer priority, the plastic circular economy is poised to gain momentum, albeit with challenges to overcome in transforming the petrochemical market. IDTechEx remains vigilant, closely monitoring developments in this dynamic landscape.

"Navigating the Path to a Circular Economy: IDTechEx Explores Sustainable Polymer Technologies"

NILIT Scores For Sustainability With Award Winning Partnerships

Advancing apparel sustainability requires partnerships and collaborations that redefine the traditional structure of the global supply chain. Companies across the spectrum from fiber to finished product and through to the end user must work together to create apparel that delivers on consumer demands for performance, longevity, comfort, and style while being better for the planet throughout and after useful life.  recycled content

“Partnership is integral to creating the sustainable apparel that significantly reduces our industry’s burden on the environment,” says Michelle Lea, NILIT’s VP global marketing for the SENSIL® portfolio of sustainable premium Nylon 6.6 performance products. “Over the past two years, we have introduced multiple new SENSIL® technologies to target apparel’s sustainability concerns. Our award-winning collaborations with mills, brands, and retailers are bringing these innovations to life and presenting them to a very receptive performance apparel market.”

Through collaboration with mill partners, NILIT is proud to have been selected for three ISPO Textrends Awards for Fall/Winter 25/26:

Second Layer Top 10 with Pontetorto‘s 9154/M/Bio fabric created with biodegradable SENSIL® BioCare  recycled content

Street Sports Selection with Cifra’s B90MF fabric designed with SENSIL® ByNature, the industry first premium Nylon 6.6 that replaces fossil feedstocks with reclaimed biogas made from recyclyed organic waste

Base Layer Selection with Eusebio’s Kimmy Bio fabric with biodegradable SENSIL® BioCare

At ISPO Munich in Stand A1.444, NILIT will also showcase the partnership with Jack Wolfskin that resulted in the new Pioneers Collection featuring SENSIL® ByNature. Known for designs that optimize style, function, and sustainability, Jack Wolfskin’s Pioneers Collection seamlessly combines the latest sustainable SENSIL® Nylon 6.6 technology with minimalist design to create a responsible and transparently made range of exceptional apparel built for urban and outdoor pursuits.  recycled content

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NILIT Scores For Sustainability With Award Winning Partnerships

Pan Era, Milliken tie up on Indonesian PP recycling

Indonesian polyolefins recycler Pan Era has today signed an initial agreement with US manufacturing company Milliken to recycle polypropylene (rPP) in Indonesia.

Pan Era will provide the rPP while Milliken Chemical, the subdivision of the company specialising in additives, will enhance the rPP with additives and handle the manufacturing of finished goods. The partnership will allow the Indonesian recycler to access more customers in the domestic Indonesian markets and within the region. The rPP produced will be under Pan Era’s patented recycled polyolefin brand Eterlene.

The rPP will initially be used to produce thin wall plastic packaging for non-food contact applications. Pan Era will supply approximately 8,000 t/yr of rPP, based on existing Indonesian recycling rates of rPP, according to Milliken’s plastic additives, chemical division country manager Daniel Tanzil. Using rPP in food-contact applications is currently tricky, given a lack of standardised regulations within the region.  recycled content

The melt flow index (MFI) of rPP produced in Indonesia is typically below 30 g/10 minutes. The collaboration between the two companies has produced three new grades of rPP, all with an MFI of 40 g/10 minutes or higher. A higher MFI diversifies the range of rPP applications from thin wall packaging and can extend to the automotive, electronics and industrial sectors, Tanzil said.

The new grades of rPP could be commercially available to customers within the next two months, but this could be prolonged as prospective customers will have differing requirements for the specifications of grades of rPP needed for their products, Milliken said.  recycled content

Milliken has begun marketing the product to global brand owners such as Procter and Gamble and Unilever as well as local companies such as Wings, Tanzil said.

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Pan Era, Milliken tie up on Indonesian PP recycling

Johnson Matthey demonstrates new recycling technology for fuel-cell and electrolyzer materials

Johnson Matthey plc (JM; London) announced the successful lab scale demonstration of its new HyRefine technology for recycling hydrogen fuel cell and electrolyser materials. While there are established routes to recycle the platinum group metals (PGMs), often the ionomer isn’t recovered. We believe this is the first ever demonstration of circularity for the PGMs and valuable ionomer together.

JM researchers have proven at lab scale that both the PGMs and the ionomer can be recovered and recycled into new catalyst coated membranes – the performance-defining components at the heart of hydrogen fuel cells and electrolysers.

Separate experiments have confirmed that the recycled PGM catalysts match the performance of fresh material.  recycled content

As the hydrogen economy takes off, embedding circularity is critical to conserve precious resources and minimise the environmental impact of manufacturing new hydrogen technologies.

Using a purely chemical process, JM’s HyRefine technology offers efficiency and sustainability benefits compared to conventional PGM refining.

Processing only fuel cell and electrolyser material, JM’s bespoke HyRefine technology provides additional traceability of the critical PGMs. The output from this process would be 100% secondary (recycled).

Secondary metal has up to a 98% lower carbon footprint than primary (mined) metal, offering significant sustainability benefits[1]recycled content

The PGM can then be seamlessly integrated into JM’s PGM catalyst manufacturing and subsequent CCM manufacturing.

Following successful 5 litre lab scale demonstrations, JM is now scaling up this technology to run 50 litre pilot trials in its facility in Brimsdown, UK.

Alastair Judge, JM’s Chief Executive, Platinum Group Metals Services, said: “This demonstration of our HyRefine technology is a key step on our path to providing a circular service for our fuel cells and electrolyser customers in the future.

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Recycled car interiors – New technique can capture or reuse CO2 as a chemical source for the production of sustainable plastic 16-11-2023

recycled content

Hydrogen Cars – Recover™ And Valdese Weavers Partner For Circularity In The Home Textiles Industry 11-11-2023

Hydrogen Cars

Do Hydrogen Cars Waste Water?

In recent years, hydrogen-powered cars have gained attention as a potential solution to reduce greenhouse gas emissions and combat climate change. These vehicles use hydrogen fuel cells to generate electricity, emitting only water vapor as a byproduct. However, a common question arises: do hydrogen cars waste water? Let’s explore this topic and shed light on the matter.

Hydrogen Cars and Water Consumption

Contrary to popular belief, hydrogen cars do not waste water. The water vapor emitted from the tailpipe of a hydrogen car is a byproduct of the chemical reaction that occurs within the fuel cell. This reaction combines hydrogen fuel with oxygen from the air, resulting in the production of electricity and water vapor. Therefore, the water vapor released is simply a natural consequence of the car’s operation and does not contribute to water waste.  Hydrogen Cars

Water Recycling in Hydrogen Cars

It is important to note that hydrogen cars have a water recycling system in place. This system collects and recycles the water vapor produced during the vehicle’s operation. The collected water is then reused within the fuel cell, ensuring a closed-loop system that minimizes water consumption. This recycling process further emphasizes the efficiency and sustainability of hydrogen cars.

FAQ: Frequently Asked Questions

Q: Can the water emitted by hydrogen cars be used for other purposes?
A: The water vapor emitted by hydrogen cars is generally in small quantities and not suitable for use in other applications. It is primarily released into the atmosphere as harmless water vapor.  Hydrogen Cars

Q: How does the water recycling system in hydrogen cars work?
A: The water recycling system in hydrogen cars collects the water vapor emitted during operation, purifies it, and reintroduces it into the fuel cell. This closed-loop system ensures minimal water consumption.

Q: Are hydrogen cars more water-efficient than traditional combustion engine cars?
A: Yes, hydrogen cars are more water-efficient than traditional combustion engine cars. While traditional cars emit pollutants and do not generate water as a byproduct, hydrogen cars produce only water vapor, making them environmentally friendly.

In conclusion, hydrogen cars do not waste water.  Hydrogen Cars

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Hydrogen Cars

Recover™ And Valdese Weavers Partner For Circularity In The Home Textiles Industry

November 9, 2023Valdese Weavers, a producer of decorative textiles in the United States for residential and contract markets, has partnered with global recycled cotton fiber producer, Recover™, to transform the home textile industry. The two innovative textile leaders, both at different stages of the supply chain, intend to capitalize on their combined expertise to drive the use of sustainable materials in the industry.

Valdese Weavers has more than 100 years of textile experience and works with a full range of furniture manufacturers, distributors, and retailers to deliver unparalleled design through their vertical manufacturing facilities. The company understands the importance of choosing responsible raw materials, and already offers a collection of environmentally conscious products. By partnering with Recover™, they can offer the highest quality decorative fabrics made with RCS/GRS verified Recover™ recycled fiber and help brands and retailers to reduce their environmental impact caused by virgin raw material production.  Hydrogen Cars

Blake Millinor, President and CEO of Valdese Weavers, commented: “We are proud to partner with Recover™ as a natural fiber platform for our customers searching for sustainable fabrics. Recover™ compliments our sustainable product offering by helping create a more circular material solution. We are excited to be working with the Recover™ team to tell this unique story and develop more responsible textile solutions for our customers”.

Recover™ has perfected the art and science of scaled production of recycled cotton fiber over more than 75 years, and today, the company is supported by leading institutional investors including STORY3 Capital, Goldman Sachs, Fortress Investment Group and Eldridge Industries.  Hydrogen Cars

Its recycled cotton fiber is fundamentally transforming the textile industry, making significant environmental savings compared to virgin and organic cotton, and it is one of the most sought-after fibers in the recycled materials space. The integration of Recover™ fiber into Valdese Weaver’s product lines, enables the textile mill to remain frontrunners in delivering sustainable and innovative fabrics, and accelerate the production of low-impact products such as sofas, cushions, and curtains.

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Hydrogen Cars

Amcor to source mechanically recycled polyethylene from NOVA Chemicals

The multiyear collaboration will focus on the incorporation of mechanically recycled polyethylene resin in flexible packaging films.

Amcor has unveiled a Memorandum of Understanding (MOU) with sustainable polyethene producer Nova Chemicals Corporati  Hydrogen Cars

This multiyear collaboration focuses on Amcor’s commitment to circular content, emphasising the incorporation of mechanically recycled polyethene resin (rPE) in flexible packaging films.

Fuelling circular content with SYNDIGO rPE resin

The heart of this collaboration lies in the supply agreement that positions Amcor to procure SYNDIGO rPE resin.  Hydrogen Cars

This resin, scheduled to be produced at NOVA Chemicals’ mechanical recycling facility in Connersville, Indiana, is anticipated to commence operations as early as 2025.

Amcor flexibles North America president Fred Stephan expressed enthusiasm, stating: “This is an exciting opportunity for us to supplement our rPE supply as we strive to achieve a 30% recycled material usage across our global portfolio by 2030.”

Driving sustainable practices

Amcor’s strategic move aligns with its global vision to foster sustainability and packaging circularity.  Hydrogen Cars

By integrating rPE into flexible packaging films, the company aims to assist brand owners in meeting recycled content targets, reducing greenhouse gas emissions, and actively contributing to the preservation of the environment.

NOVA circular solutions vice-president Greg DeKunder shared the sentiment, stating: “Reshaping plastics for a better future will take collaboration within our industry, and we share Amcor’s commitment to further global packaging circularity.”

NOVA Chemicals’ expansion to propel circular solutions

In parallel, NOVA Chemicals unveiled plans to expand its recycling footprint across North America in the coming years.  Hydrogen Cars

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Hydrogen Cars

Honda, Mitsubishi Chemical Develop Colored Acrylic Resin for Car Bodies

Article-Honda, Mitsubishi Chemical Develop Colored Acrylic Resin for Car Bodies

Mitsubishi Chemical and Honda Motor are jointly developing a PMMA (polymethyl methacrylate acrylic) acrylic compound for automotive body components such as doors and front fenders. Two concept models — the Sustaina-C and Pocket concept cars — using these materials are exhibited at the Honda booth in the Japan Mobility Show 2023 which concludes on Nov. 5, 2023, in Tokyo.  Hydrogen Cars

Painted steel is the most commonly used material for automobile bodies, but Mitsubishi Chemical and Honda aim to transform the status quo by developing a new acrylic resin material that can be adopted for doors, hoods, fenders, and other automotive body parts. The compound is composed of acrylic resin and rubber particles to improve the impact resistance required for automobile bodies.

Acrylic resins are highly transparent and can be toned to a variety of colors, enabling manufacturers to create glossy surfaces simply by adding colorants. It also helps reduce CO2 emissions generated in the painting process.  Hydrogen Cars

Furthermore, acrylic resin is suitable for recycling because it can be decomposed into acrylic raw materials at high yields by heating. With a view to starting operation of a recycling plant in fiscal 2025, Mitsubishi Chemical aims to commercialize an acrylic resin molecular recycling business. Closed-loop recycling trials conducted in collaboration with Honda and Microwave Chemical Co. Ltd. have yielded recycled products comparable in quality to conventional products. Mitsubishi Chemical expects to reduce greenhouse gas (GHG) emissions through this technology over the entire product life cycle by about 50% compared with current practices.  Hydrogen Cars

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Honda, Mitsubishi Chemical Develop Colored Acrylic Resin for Car Bodies

The tech to recycle clothes is only just being invented

The vast waste and pollution caused by the fashion industry has made recycling clothes a top priority, but only now are simple tasks like pulling the sole off a shoe being done by machines.

CETIA, a company in the southwest of France is finally offering some mechanical solutions to the challenges of recycling clothes.

Its research team has invented a machine that uses artificial intelligence to scan garments, identify hard elements like zippers and buttons, and use a laser to cut them out.  Hydrogen Cars

It has also built a machine that grabs shoes in a large mechanical arm and yanks off the soles.

In a world of space travel and vaccines, that may seem a relatively rudimentary piece of technology, but it had simply never been done before.

“It was a chicken and egg question. No one was recycling soles because we couldn’t separate them from the shoe, and no one was separating them because there was no recycling,” said Chloe Salmon Legagneur, director of CETIA.

Previously, recyclers had to bake the shoes for many hours to melt the glue and then pull the sole off by hand.  Hydrogen Cars

“There’s nothing spectacular in what we’ve done,” Legagneur said. “But we’ve done it.”

For now, barely one percent of textiles in Europe are turned back into new clothes. Most end up as housing insulation, padding or asphalt for paving roads.

That is because clothes are usually a complex mix of materials that must be separated carefully to keep the fibers in good condition if there is any hope of respinning them into new garments.

Usually done by hand, CETIA says its AI-laser machine can do this at a much faster rate that is rapidly evolving as it perfects the technology.

It also has machines that can sort clothes by color and composition at a rate of one per second.

The reason these inventions are finally emerging is that tough new European rules are imminent that will force clothing companies to use a set amount of recycled fibers in their garments.  Hydrogen Cars

CETIA’s work is backed by big retailers like Decathlon and Zalando who are urgently looking for industrial-scale solutions.

There are also political incentives. The French government sees the potential for new manufacturing jobs if recycling technology allows it to deal with some of the 200,000 tonnes of textile waste currently being shipped abroad each year.

CETIA’s focus is on preparing textiles for reuse. Other companies must now start melting down the separated soles and turning them into new ones.

But it is an important first step.  Hydrogen Cars

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The tech to recycle clothes is only just being invented

Is Piovan Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Piovan S.p.A.  does use debt in its business. But should shareholders be worried about its use of debt?

What Risk Does Debt Bring?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy.  Hydrogen Cars

Ultimately, if the company can’t fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Having said that, the most common situation is where a company manages its debt reasonably well – and to its own advantage. The first step when considering a company’s debt levels is to consider its cash and debt together.

How Much Debt Does Piovan Carry?

As you can see below, Piovan had €174.0m of debt, at June 2023, which is about the same as the year before. You can click the chart for greater detail. However, because it has a cash reserve of €73.8m, its net debt is less, at about €100.3m.  Hydrogen Cars

A Look At Piovan’s Liabilities

According to the last reported balance sheet, Piovan had liabilities of €207.6m due within 12 months, and liabilities of €140.0m due beyond 12 months. Offsetting this, it had €73.8m in cash and €106.4m in receivables that were due within 12 months. So its liabilities total €167.4m more than the combination of its cash and short-term receivables.

While this might seem like a lot, it is not so bad since Piovan has a market capitalization of €469.5m, and so it could probably strengthen its balance sheet by raising capital if it needed to. But it’s clear that we should definitely closely examine whether it can manage its debt without dilution.  Hydrogen Cars

In order to size up a company’s debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). Thus we consider debt relative to earnings both with and without depreciation and amortization expenses.

Piovan has a low net debt to EBITDA ratio of only 1.5. And its EBIT covers its interest expense a whopping 30.6 times over. So you could argue it is no more threatened by its debt than an elephant is by a mouse. On top of that, Piovan grew its EBIT by 69% over the last twelve months, and that growth will make it easier to handle its debt. There’s no doubt that we learn most about debt from the balance sheet. But it is Piovan’s earnings that will influence how the balance sheet holds up in the future. So when considering debt, it’s definitely worth looking at the earnings trend.  Hydrogen Cars

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. Over the most recent three years, Piovan recorded free cash flow worth 76% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This cold hard cash means it can reduce its debt when it wants to.

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Is Piovan Using Too Much Debt?

Chlorophyll Water launches 100% rPET bottles with Clean Flake technology

Chlorophyll Water has transitioned to bottles made from 100% rPET with Clean Flake technology. These rPET bottles are manufactured from food-grade PET which is recycled as per the technologies approved by the US FDA and European Food Safety Authority (Efsa) for food-grade recycled material and repurposed into new PET bottles.

“As a brand, Chlorophyll Water is committed to sustainability and implementation of new ideas and technology which can improve the impact that packaging has on our environment,” explains founder Matt Levine, “in utilising bottles made from 100% recycled plastic, our intention is to make a meaningful environmental impact – addressing the plastic waste challenge, minimising our use of virgin, fossil-fuel based packaging.”

To accompany their bottle made from 100% recycled plastic, Chlorophyll Water selected Avery Dennison’s Clean Flake label technology as their label to help improve the yield of high-quality, food grade PET in the recycling process.  Hydrogen Cars

The technology is built on a water-based adhesive technology that is claimed to separate cleanly from PET during the caustic wash stage of the recycling process.

Chlorophyll Water is a plant-powered purified water enhanced by nature with the addition of Chlorophyll, a key ingredient and the distinct green pigment in plant life. It is carbon-filtered using triple filtration and is UV-treated for a high level of purity.

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Chlorophyll Water launches 100% rPET bottles with Clean Flake technology

Circular Textiles – One million tonnes of plastic additives pollute the world’s oceans each year 10-11-2023

Hydrogen Cars

Circular Textiles – One million tonnes of plastic additives pollute the world’s oceans each year 10-11-2023

Circular Textiles

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Automation – Sorting the Circular Textiles Gap

Advanced technologies for the classification and pre-processing of waste garments are now an urgent requirement, as the textile industry looks to close the loop. All the indications are that by 2030, recycling will have become a much bigger part of the global picture, and automation has a major role to play, especially in sorting and pre-processing.

Automated processes are already highly developed all along the global textile and garment manufacturing chain. Circular Textiles

The supply chain is, however, still strictly linear, while being highly complex – spanning from fibres to finished garments and still involving tremendous waste and many unnecessary transportation steps globally on the route from the first chemical processing plants or cotton fields to the shelves of High Street stores.

In addition to continuing to address these issues, the supply chain will now very quickly have to become more circular, as legislation closes in and changes things dramatically.

New Restrictions

There is an immediate need for advanced new technologies that can close the loop for the collection, sorting and pre-processing of waste garments, in order for recycling to be further developed, especially in the European Union (EU), which will be first in imposing new restrictions. Circular Textiles

As previously reported by Fibre2Fashion, over seven million tons of waste textiles is being mandated to be separately collected each year within the EU from 2025. It will be paid for by the brands who put product into the market via the new Extended Producer Responsibility (EPR) scheme, and this waste is no longer eligible to be landfilled, incinerated or moved on to other countries. As such, it will create a 32 million-ton mountain of new waste by 2030 without immediate action.

Worn Again Technologies

The huge challenge this poses was emphasised by a number of speakers at the 62nd Dornbirn Global Manmade Fibers (GFC) conference held in Austria from September 13-15, including Toby Moss, director of business development for Worn Again Technologies. Circular Textiles

Worn Again Technologies has raised funding of some €42.9 million to support the construction of its new textile chemical recycling demonstration plant in Winterthur, Switzerland, and counts Sulzer, Oerlikon and fashion retailer H&M among its key strategic investors.

The demonstration plant will be opened in 2025 and will recycle fibres from hard-to-recycle fabric blends using a solvent-based process, with an annual capacity of 1,000 tons. (Just for context, annual global fibre consumption is currently 120 million tons.)

Licensing model

Worn Again, however, is a technology licensing company and does not plan to build its own facilities, but is working with technology partners who will quickly build much larger-scale commercial plants. Circular Textiles

The first of these is expected to come onstream in Europe and have annual capacities of approximately 50,000 tons per annum by as early as 2027-28, when feedstock streams from waste textiles have sufficiently built up.

“At the moment, most current recyclers are focused on post-industrial waste, but demand will soon outstrip supply, which will lead to a rush into post-consumer textile waste,” Moss said. “At the same time, recycling capacity is not yet growing as fast as demand, while bottle companies are getting a lot better at bottle collection so a lot of rPET from bottles currently used in textile production will not be available. As a result, recycled content in textiles is likely to go down rather than up for a period and this indicates some healthy price premiums for the first companies producing recycled PET polyester fibres with the same performance as virgin fibres.”  Circular Textiles

As with many other current recycling technologies being developed and planning industrial upscaling in the near future, success is in part hinged on the collection and sorting of waste clothing becoming much more sophisticated – and quickly.

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UK-based Colorifix aims to bring environmentally friendly fabric-dyeing solution to China and Southeast Asia in 2025

  • Biotech start-up will focus on markets in India and Sri Lanka next year, before making its move to China and Southeast Asia
  • Production life-cycle using its solution can help reduce carbon emission by 31 per cent, water consumption by 77 per cent and chemical usage by 80 per cent

Colorifix, a finalist for Prince William’s Earthshot prize, aims to bring its environmentally friendly fabric-dyeing solution to markets in China and Southeast Asia in 2025 to help tackle pollution in the garment manufacturing industry.  Circular Textiles

The biotech start-up uses DNA sequences from nature and microorganisms to create pigments that can be fixed onto fabrics in a way that significantly reduces water and chemical usage, as well as the carbon footprint in the dyeing process.

The UK firm will make its foray into the Asian markets from the first half of next year, starting with India, the world’s fifth-largest producer of textiles, and Sri Lanka, according to its chief operating officer Christopher Hunter. The firm is still in “very early stages” of establishing its presence in China, he added.

“China is a very important market for textiles,” Hunter said in a video interview on Tuesday. Circular Textiles

“We are aware that there are increasing environmental targets for the industry in China, which might in some way accelerate our entry. It won’t be before 2025.”

China announced in April last year that it aimed to recycle 25 per cent of its textile waste and churn out 2 million tonnes of recycled fibre by 2025, part of its big push to achieve peak carbon emissions by 2030 and carbon neutrality by 2060. That included promoting green and low-carbon production in the textile industry.

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The battery is the key factor for electric cars’ convenience and affordability. The battery is also the main source of anxiety and doubt for many drivers

It is obvious that the high price of electric cars is related to the battery.

Let’s see why. Electric cars: the battery determines the economic difference Electric cars are gradually winning over drivers, especially in Italy, that the energy transition is possible on a large scale.  Circular Textiles

However, the electric transition imposed by the European Union in a short time is not very encouraging for the switch from thermal engines to electric ones.

What makes electric cars less attractive is the high cost of eco-friendly vehicles, which are on average between 10,000 and 15,000 euros more expensive than a combustion car in the same segment and, as expected, not everyone can afford them.

How can the costs be lowered and what are they mainly due to? The answer is simple: to the batteries.  Circular Textiles

Andy Palmer, former operations director of Nissan and responsible for the first Leaf, confirmed this and also predicted a drop in prices in the next few years.

Cheap electric cars: we need smaller batteries and a change of mentality Andy Palmer, former operations director of Nissan, provided the solution to lower the costs of electric cars.

He said: “The solution for an affordable electric vehicle is not to wait for the technology to mature, it’s not necessarily playing with the chemistry: it’s simply using a smaller battery. But to have a smaller battery you need charging infrastructure, that’s the key.

A decent charging network including home chargers probably has around 15 million charging points and we are a long way from that at the moment.

Unless an effective infrastructure is achieved quickly, people will not naturally transition to electric vehicles.  Circular Textiles

People will continue to mention range anxiety and you won’t change that mindset. With a ubiquitous network, people won’t worry so much about battery life, they’ll know they can always plug into a charger and that’s when a smaller battery can be accepted.

That’s when you get the transformation.” However, not only a technical change is needed, but also a mental one by the consumers, as David Greenwood, expert in advanced propulsion systems at the Warwick Manufacturing Group, explained: “The key is not to buy an EV with more battery capacity than you need, if you spend a fortune on a car capable of 500 miles and then only drive 10 miles a day, you’re paying for the battery and all the systems, but not you will save on fuel to cover them.  Circular Textiles

A manufacturer could make three different module models and assemble them into eight different models to achieve economies of scale at the module level.

Something that would allow us to obtain economies of scale and introduce much larger cells.

While in the early days batteries like Tesla’s contained thousands of small cells, the future will see batteries containing hundreds of much larger cells.”

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Korean petrochemical firms ramp up carbon fiber production

The South Korean petrochemical industry is ramping up the production of carbon fiber, a part of its focus on high value-added businesses to develop mid- to long-term growth engines amid a prolonged slump in the market.  Circular Textiles
According to multiple industry sources on Tuesday, Hyosung Advanced Materials Corp. plans to expand its carbon fiber production capacity, which currently stands at 9,000 tons per year, to 16,500 in 2024, 21,500 tons in 2025, and 24,000 tons by 2028.

The company has also decided to establish a new carbon fiber production entity, Hyosung Vina Core Materials Co., in Ba Ria-Vung Tau Province in southern Vietnam.
Toray Advanced Materials Korea Inc. also recently held a groundbreaking ceremony for the expansion of its carbon fiber unit 3 in Gumi City, North Gyeongsang Province.

The company plans to expand its annual carbon fiber production capacity to 8,000 tons by 2025 from 4,700 tons.  Circular Textiles
Carbon fiber is called “super fiber” as it weighs one-fourth of iron but is over 10 times stronger.

Demand is growing in many areas, including compressed natural gas (CNG), compressed hydrogen storage, automotive parts, and wind blades.

The market for carbon fiber, also dubbed the “rice of the future,” is expected to grow at nearly 10 percent on average annually.
Global demand for polyacrylonitrile (PAN) carbon fiber is expected to increase to 327,000 tons in 2035 from 112,000 tons in 2023, according to Japanese market research firm Fuji Keizai Co.  Circular Textiles
The recent decisions by petrochemical companies to enter the carbon fiber business come as they seek growth engines with high value-added products amid a sluggish market. Hyosung Advanced Materials, whose flagship product is tire reinforcement materials, posted sales of 783.3 billion won ($597.03 million) in the third quarter, down 20 percent from a year ago, and an operating profit of 35.7 billion won, down 46 percent.

Sales of tire reinforcements and seat belts and airbags fell 29 percent and 15 percent respectively from a year earlier to 426.5 billion won and 141.3 billion won each. The decline is likely due to the slowdown in the automotive industry.
Meanwhile, the carbon and aramid fiber segments saw solid demand and posted an 11 percent increase in sales that hit 90.7 billion won during the period.
The securities industry forecasts that Hyosung Advanced Materials’ operating profit from the carbon fiber segment will outperform that of the tire reinforcement business from the second half of 2024.  Circular Textiles
Increased solar power generation is also driving demand for carbon fiber. Recently, carbon fiber has been in demand for insulation materials used to produce polysilicon and ingots, which are key value chains in the solar industry.
Ceramic was used for insulation previously but is being replaced by carbon fiber for its short replacement cycle.
Hyosung Advanced Materials’ carbon fiber brand TANSOME? 

Coca Cola, Nestlé face scrutiny on recycled bottles claims

 

Dutch consumer watchdog Consumentenbond has joined European consumer organisation Beuc and other groups from 12 EU countries in a legal complaint against food and drink giants Coca Cola, Danone and Nestlé for misleading claims about recycling plastic bottles.
The groups on Tuesday filed a case to the European Commission and consumer protection authorities’ network CPC calling for an investigation into claims that plastic water bottles sold across Europe are ‘100% recyclable’ or ‘100% recycled’.  Circular Textiles

They also denounced the use of images suggesting that plastic bottles have no impact on the environment. The groups argue such claims are “factually incorrect” and do not comply with EU rules as they mislead consumers.

The recycling rate for PET plastic bottles is estimated to be 55% across the EU and the likelihood of it becoming a bottle again is around 30%, the groups say.

The claims also do not consider that virgin materials can be added during manufacturing and parts of a plastic water bottle, such as lids and labels, cannot be made from recycled plastic.  Circular Textiles

Drinks bottles are one of the top sources of plastic pollution on European beaches, the organisations noted and in October Dutch government inspectors said that the private sector is not doing enough to make sure more plastic bottles are collected.

“Using 100% recycled or recyclable claims or displaying nature images and green visuals that insinuate that plastic is environmentally friendly is misleading consumers.

Such claims however can be found on many bottles sold across Europe.

The problem is that there’s no guarantee it will be fully recycled once it’s in the bin,” said Beuc deputy director Ursula Pachl.  Circular Textiles

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Coca Cola, Nestlé face scrutiny on recycled bottles claims

One million tonnes of plastic additives pollute the world’s oceans each year

A new study has revealed that approximately one million tonnes of plastic additives leak into the planet’s oceans every year.

The report – conducted by EA Earth Action – reveals the scale of pollution caused by these chemicals on an annual basis, with the organisation warning that, without substantial changes to production and waste management, the leakage of plastic additives into oceans and waterways could increase by over 50 per cent by 2040.

The study – entitled ‘Adding It Up’ – further highlights that a significant portion of this pollution – approximately 116 kilotonnes – originates from plastic packaging materials alone.  Circular Textiles

EA Earth Action stresses the potential dangers this could pose to human health – the vast majority of additives found are untested, unregulated and have been linked to various health conditions such as obesity, cancer and fertility issues.

Everyday items such as textiles or vehicle tires provided a considerable contribution to the leakage into oceans at 37 and 35 kilotonnes respectively.

Publishing the findings ahead of the third session of the UN Global Plastic Treaty Negotiations (INC-3) – aimed at formulating a legally binding international treaty to tackle plastic pollution – EA Earth Action is calling for increased transparency on the composition of plastic products alongside the scaling of effective waste management practices across the globe.  Circular Textiles

Julien Boucher, Founder of EA Earth Action commented: “The findings of our report underscore the urgency of adopting a comprehensive approach to confront the challenge of plastic pollution and combat additive leakage effectively.

“The widespread inclusion of potentially harmful additives in plastics, combined with substantial amounts of mismanaged plastic waste worldwide, has created the toxic threat we face today.

“Addressing the problem with additives must be a key talking point at INC-3 if we are to protect the ecosystem and human health from its detrimental effects. Further research into these chemical compounds is critical to addressing the threats from the whole spectrum of plastic pollution.”  Circular Textiles

Calls to reduce plastic additives in oceans

EA Earth Action is calling on policymakers to select materials that are both more reusable and recyclable to help tackle the plastics crisis and drive towards a more circular economy.

The organisation has also called for further research on how and why plastic additives leak into the environment and the effects this has on the human body to enable governments worldwide to construct more effective prevention strategies.

Maria Westerbos, Founder of the Plastic Soup Foundation and Co-founder of the Plastic Healthy Council said: “The results of EA Earth Action’s Adding it up report are a sobering reminder of how additives toxify both our planet and our bodies. We should never forget that all these chemicals are added to plastics and, in that way, are released into the entire ecosystem, including our own bodies. We now must see action.”

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One million tonnes of plastic additives pollute the world’s oceans each year

APR and RecyClass Work to Align Design for Recycling Guidance
Continued efforts to drive harmonization of plastic packaging recyclability

The Association of Plastic Recyclers (APR) recently announced updates to the APR Design® Guide for Plastic Recyclability to align with RecyClass, the European based non-profit initiative focused on advancing plastics circularity. The APR Design® Guide will now state that 6% of EVOH is allowed for HDPE containers.  Circular Textiles

“Because the recycling process is very similar in both geographies, packaging will likely be processed similarly,” said Curt Cozart, APR COO. “Although some differences exist, APR Design® Guidance is nearly the same as RecyClass. The APR® Design Guide previously allowed for 5% EVOH in HDPE containers but will update to 6% to align with RecyClass Design for Recycling Guidelines.”

Through their respective Technical Committees, APR and RecyClass are accelerating global alignment of recyclability principles. In these groups, scientific data, gathered based on standardized testing protocols, is shared and serves as the base for discussions on uncovering the complexities of plastic packaging.  Circular Textiles

In addition to guidance on the use of EVOH in HDPE containers, guidance on the use of EVOH in PP containers has also been streamlined through this collaboration.

“To achieve a truly circular future for plastics, harmonization is essential,” commented Paolo Glerean, Chairman of RecyClass. “The real value of the collaboration between APR and RecyClass is evident in these latest recommendations, providing clearer guidance to the plastics industry globally. These joint efforts will allow the plastic packaging value chain to standardize their products on a larger scale and make the path towards the circular use of plastics more cost efficient.”

This activity is part of a continued effort between APR and RecyClass to reinforce their collaboration to drive worldwide harmonization of recyclability for all plastic packaging types, through a shared vision of science-based design for recycling guidelines and protocols for recyclability assessments.  Circular Textiles

This partnership will drive a unified, fact-based approach to recyclability, and bring clarity to the whole value chain.

The harmonization efforts are underway, taking into consideration the variations in recycling capabilities and infrastructure between the two regions.

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APR and RecyClass Work to Align Design for Recycling Guidance Continued efforts to drive harmonization of plastic packaging recyclability

Flake sorting –  Demystifying Chemical Recycling: An Emerging Solution or a New Set of Challenges? 09-11-2023

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