PET Chips market – Unifi announces Repreve Champions of Sustainability Award winners 20-05-2024

PET Chips market

• R-PET Bottles Prices – Michael Heinz, CEO of BASF Corp, addressed the need for a more sustainable plastics industry during his keynote at NPE2024 13-05-2024
• New enzyme technology for environmentally friendly plastic recycling

PET Chips market

Dow and Freepoint Eco-Systems announce supply agreement to transform plastic waste into new circular products

Dow and Freepoint Eco-Systems have announced a supply agreement to recycle 65,000 metric tons of plastic waste into circular feedstock, advancing their shared goal of supporting a circular economy for plastics in North America. Freepoint Eco-Systems will build an ISCC Plus-Certified advanced recycling facility in Arizona to process end-of-life plastic waste into pyrolysis oil, diverting it from landfills or incineration. Dow, as the sole offtaker from the first phase of this facility, will convert the pyrolysis oil into virgin-grade equivalent plastics, meeting customer demand for recycled content. PET Chips market

This agreement aligns with Dow’s “Transform the Waste” initiative and its efforts to accelerate the circular ecosystem. The Arizona facility, owned by Freepoint Eco-Systems Eloy Recycling LLC, will process approximately 70% of plastic waste into pyrolysis oil, exclusively sold to Dow starting in 2026. Dow will use this circular supply to produce new products suitable for food-grade and medical packaging, reducing reliance on fossil feedstocks. PET Chips market

Jeff McMahon, managing director at Freepoint Eco-Systems, highlighted the agreement’s role in advancing the circular economy and expanding global capabilities for recycling plastic waste. Victor Zapata, Dow’s North America commercial vice president, emphasized the partnership’s importance in sourcing circular supply and transforming plastic waste into recycled products. PET Chips market

Issam Lazraq, Dow’s global sustainable feedstocks director, noted the collaboration’s impact on sourcing raw materials sustainably and tackling plastic pollution. The new facility in Eloy, Arizona, will eventually recycle 180,000 tons of plastic waste annually, with phase one processing 90,000 tons and producing 65,000 metric tons of pyrolysis oil. Eloy Mayor Micah Powell praised the project for its sustainable economic growth and job creation.

Explore more at dow.com/materialsecosystem.

Unifi announces Repreve Champions of Sustainability Award winners

Now in their seventh year, the annual awards are meant to celebrate global brand, textile and retail partners for their sustainability efforts.

Unifi Inc., Greensboro, North Carolina, has announced its seventh annual Repreve Champions of Sustainability Award recipients. The annual awards are meant to celebrate the company’s global brand, textile and retail partners who have recycled over 40 billion plastic bottles into new products through its Repreve brand of recycled performance fiber.

Since 1971, Unifi says it has spearheaded textile industry innovation, and since launching Repreve in 2007 has recycled over 40 billion plastic bottles into recycled fiber for new apparel, footwear, home goods and other consumer products. PET Chips market

The company says by giving discarded resources fresh purpose as recycled high-performance materials, it empowers brands to be better and encourages people to want better.

This year’s Champions of Sustainability awards will be presented to 37 brand and retail partners that have transformed 10 million or more recycled plastic bottles and 64 textile partners that have transformed 50 million or more recycled plastic bottles through the use of Repreve.

Unifi CEO Eddie Ingle tells Recycling Today the awards prove that when brands make a sustainability commitment, they are translating it into action. And when brand partners are making their supply chain more sustainable by using Repreve, Unifi wants to celebrate that. PET Chips market

“Everybody loves an award,” Ingle says. “But everybody, when they accept an award, what we find is they’re accepting it on behalf of their company because they know, like we know, that it’s not easy to [move from a virgin product and supply chain to a recycled one]. I think it’s a feel-good thing for us because it gets us closer to our brands but, more importantly, it’s saying thank you to somebody and giving gratitude for somebody’s efforts.”

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PET Chips market