Oil markets remain on edge as the US-Iran conflict continues to threaten global energy supplies. Brent crude is trading around $95 per barrel while WTI remains above $92, with investors closely watching developments in the Strait of Hormuz and diplomatic efforts between Washington and Tehran.
Toyota Motor Europe has awarded LYB for its work in transforming discarded fishing nets into high-performance recycled automotive plastics. The collaboration highlights how circular materials can help reduce waste while meeting the demanding standards of modern vehicle production.
GRDF is strengthening its commitment to sustainable fleet management by extending its partnership with The Future is NEUTRAL. The renewed agreement will support the collection, reuse, recycling, and recovery of approximately 650 end-of-life vehicles annually while advancing circular economy objectives.
US polyethylene exports are retreating after a strong surge triggered by Middle East supply disruptions. As global buyers reduce purchases and prices decline, the market is entering a new phase marked by weaker demand and increased competition.
Carbios has revised the timeline for its flagship PET biorecycling project in China, pushing the plant’s expected startup to H1 2028. Despite the delay, the partnership with Wankai New Materials continues to advance, supported by ongoing technical development work and a strong cash position.
Brent crude is trading near $97 per barrel while WTI hovers around $95 as the ongoing US-Iran conflict keeps global energy markets on edge. The Strait of Hormuz remains a key factor driving uncertainty, with traders closely watching supply disruptions and geopolitical developments.
Pirelli North America and Bolder Industries are advancing circular manufacturing through a new tire-to-tire recycling program that converts scrap tires into recovered carbon black for use in new tire production.
Chemco Group has secured FSSAI approval to manufacture food-grade recycled PET (rPET) resin for food-contact packaging applications. The milestone strengthens India’s circular economy efforts and supports rising demand for compliant recycled packaging materials.
GR3N has closed a €15.5 million Series B round led by 360 Capital to expand its patented PET chemical recycling technology. The funding will support the development of a large-scale recycling facility in Spain capable of processing 40,000 tons of PET waste annually.