Oil markets remain volatile as Brent crude holds near $106 per barrel and WTI trades around $99 amid escalating US-Iran tensions. The Strait of Hormuz remains the key risk factor for global energy supply, inflation, and financial markets worldwide.
Andritz will present sustainable nonwovens production, diaper recycling systems, lyocell technologies, and digital textile manufacturing solutions at INDEX 26.
California’s revised 2026-2027 budget proposal allocates more than $200 million to beverage container recycling programs, including PET recycling support, CRV infrastructure upgrades, and expanded redemption access.
Polyethylene’s recent price rally is losing steam as global demand softens. Buyers are reducing volumes, discounted cargoes are reshaping transaction economics, and geopolitical disruptions continue to distort supply chains.
Brent crude is trading around $110 per barrel while WTI remains above $103 as the US-Iran conflict fuels fears of supply disruptions in the Middle East. Markets are closely watching the Strait of Hormuz, global inflation risks, and the impact on consumers and businesses worldwide.
Loop Industries has reached an agreement to acquire a strategic site in Gujarat, India, for its Infinite Loop™ recycling facility. The project will convert textile waste into virgin-quality recycled PET resin while supporting India’s growing circular economy and sustainable manufacturing sector.
At ProPak Asia 2026, Sidel will present its latest smart manufacturing technologies, complete line expertise and digital solutions designed to improve production efficiency, operational flexibility and sustainability across beverage, food and FHPC industries.
Teijin Frontier and Asahi Kasei Advance will integrate operations under the new company name TA Frontier Co., Ltd. from October 1, 2026, aiming to strengthen growth across textiles, industrial materials and resin products.
Global oil markets are under pressure as the US-Iran conflict intensifies and traders fear prolonged disruptions to energy supplies. Brent crude is hovering around $110 per barrel while WTI trades above $103, raising concerns over inflation, shipping costs, and global economic stability.