NOVA Chemicals Acquisition Strengthens Borouge International’s Global Polyolefins Strategy
The NOVA Chemicals acquisition places Alberta’s Joffre petrochemical complex inside Borouge International’s global polyolefins platform.
The NOVA Chemicals acquisition places Alberta’s Joffre petrochemical complex inside Borouge International’s global polyolefins platform.
Global demand for recycled plastic pellets is accelerating rapidly as regulations, sustainability goals, and cost pressures reshape packaging, automotive, and consumer goods industries worldwide.
Europe’s plastics recycling industry is facing its sharpest downturn in years, with turnover down 5.5% amid weak demand, cheap virgin plastics, and mounting regulatory pressure.
In November 2025, prices for North American polypropylene (PP) resin fell significantly — driven by weak demand, reduced feed-stock costs, and oversupply. This article explores the causes, highlights recent market data and offers insight into what buyers and producers can expect in the near term.
Fakuma extends its venue agreement in Friedrichshafen through 2030, reinforcing its role as a leading global plastics trade fair and a driving force for industry innovation.
Chemical recycling is emerging as a game-changer in the plastics economy, enabling tough-to-recycle waste streams to become high-quality polymers and helping close the loop for circular materials
European Plastics Industry Declines: Insights from PlasticsEurope at K2025
The atmosphere at K2025 reflected growing unease within Europe’s plastics sector. According to PlasticsEurope’s “Plastics the Fast Facts 2025” report, the industry continues to shrink in global relevance despite a slight stabilization in production volumes. Europe’s share of global plastics output has fallen from 22% to just 12% over the past two decades, squeezed by high energy costs, strict regulations, and fierce global competition.
Producer turnover dropped 13% between 2022 and 2024, highlighting deep structural pressures and weak domestic demand. Meanwhile, Asia — led by China — now accounts for 57% of global plastics production, underscoring Europe’s loss of industrial ground.
Even in circular plastics, Europe lags behind: production remained flat at 8.4 million tons in 2024, while global circular plastics surpassed 43.9 million tons, driven by rapid growth in Asia.
At K2025, PlasticsEurope’s Director General Virginia Janssens called for urgent policy alignment and investment to revitalize the sector. Without coherent industrial strategy and stronger support for innovation, Europe risks not only economic decline but also dependency on imported sustainable materials.