Plastic-waste-to-aromatics – rPET-to-yarn 17-03-2022 - Arhive
Plastic-waste-to-aromatics – rPET-to-yarn
-Encina secures USD55 mln for plastic waste-to-aromatics recycling business
Encina Development Group, a producer of circular chemicals from waste materials, announced that it has secured a total of USD55 MM of equity capital, which included participation from institutional investors IMM Investment Global and SW Recycle Fund through a USD32 MM private placement, said Hydrocarbonprocessing.
The private placement was oversubscribed following strong institutional support. IMM Global will join the company’s board of directors as a result of their investment. Encina will use the newly secured capital, in addition to USD20 MM in earlier secured equity financing, to move forward with the commercialization of its plastic waste-to-aromatics recycling business. Plastic-waste-to-aromatics – rPET-to-yarn
Encina’s circular chemical products are marketed to global customers who adhere to ISCC+ certification standards, and who are seeking to manufacture end products requiring circular content in their products. Current projects include planned facilities in the U.S., as well as offshore projects in Asia and South America. Each of the facilities is expected to process approximately 450,000 tpy of plastic waste material.
“We would like to thank all of our shareholders for their strong support, and faith in our management team. We are committed to deploying our technology to capture waste streams such as plastic scrap, which would have been harmful to the environment through possible incineration, land filled, or ocean waste – which can now be reclaimed and used as feedstock to produce circular chemicals to help foster better environmental outcomes for everyone on a global basis,” said Mr. David Schwedel, Founder and Executive Director for Encina. Plastic-waste-to-aromatics – rPET-to-yarn
-SÜDPACK and Clean Cycle invest in CARBOLIQ chemical recycling technology
SÜDPACK and Clean Cycle have signed an agreement for a long-term investment in the CARBOLIQ technology developed by Recenso, with the aim of expanding the chemical recycling capacity of a range of plastics including flexible food packaging.
The investment builds on the existing cooperation between SÜDPACK and CARBOLIQ, which started around a year ago. In February 2021, SÜDPACK launched a chemical recycling programme with Recenso and Count with the goal of showing that materials generated during the production of plastic films are not waste and can be a valuable resource. Plastic-waste-to-aromatics – rPET-to-yarn
With the operation of the pilot plant at the disposal centre in Ennigerloh, SÜDPACK and CARBOLIQ have reportedly demonstrated that various material fractions, as well as mixed and contaminated plastic waste, can be converted into valuable resources.
According to the companies, the oil recovered from the CARBOLIQ process is virgin-quality and can be used by the plastics industry in the same way as fossil fuels to produce plastic granulates. The companies further claim these granulates can be processed to produce high-performance films for packaging applications, including for the food industry. Plastic-waste-to-aromatics – rPET-to-yarn
The companies have apparently applied the technology to resource recovery from their own recyclable material flows, as well as for the recycling of packaging materials from processing and from end customers.
In addition, the companies say that the Recenso plants for direct oiling work using the tribochemical conversion (CTC) process are “unique in the world”. The CARBOLIQ process offers a diversity of input materials, and competitive advantages in terms of energy efficiency and low emissions, according to the companies.
-Turkish businesses eye $7-bn bilateral trade volume with Greece
Turkish businesses are hopeful of a positive impact on economic relations of the recent meeting between Turkiye’s President Recep Tayyip Erdogan and visiting Greek Prime Minister Kyriakos Mitsotakis in Istanbul. The Turkiye-Greece Business Council expects the bilateral trade volume to quickly rise to $6-7 billion from around $5 billion now. Plastic-waste-to-aromatics – rPET-to-yarn
Mitsotakis and Erdogan discussed bilateral ties, especially in energy, current geopolitical developments and the Ukraine conflict, according to media reports from Turkiye.
Pointing out that the products imported from Greece were mainly concentrated in petrochemicals and agriculture, Levent Sadik Ahmet, head of the Foreign Economic Relations Board’s (DEIK) Turkiye-Greece Business Council, said that exports included products from sectors like automotive, readymade clothing, jewellery, machinery, cereals and pulses.
Data from the International Trade Centre show the trade volume between the two countries has fluctuated over the past decade. Turkiye has had a trade surplus with Greece since 2019. Plastic-waste-to-aromatics – rPET-to-yarn
Their trade volume, which approached $5 billion in 2012, exceeded $6 billion in 2014 and registered at $5.3 billion in 2021. Last year, Turkiye’s exports to Greece were worth $3.1 billion, while its imports reached $2.2 billion.
-Belgium’s Solvay to split into two public companies
These generated about 4.1 billion euros ($4.50 billion) in net sales in 2021. A second company, temporarily known as SpecialtyCo, would include its materials business including specialty polymers, composites and solutions.
Belgium’s Solvay will split into two independent public companies in 2023 focussed on chemicals and the other on specialty materials and solutions, it said in a statement on Tuesday. Plastic-waste-to-aromatics – rPET-to-yarn
Solvay reported record profits for 2021 in February, and had raised its dividend after reporting an 11th consecutive quarter of positive free cash flow generation. One company, known for now as EssentialCo, would comprise of Solvay’s current chemicals and specialty chemicals business, including soda ash, peroxides and silica. These generated about 4.1 billion euros ($4.50 billion) in net sales in 2021.
A second company, temporarily known as SpecialtyCo, would include its materials business including specialty polymers, composites and solutions. These generated around 6 billion euros in net sales in 2021. “Notwithstanding the challenges of the current global environment, we are confident that pursuing this plan would enable us to create compelling value for shareholders over the long-term,” CEO Ilham Kadri said in a statement.
The separation would be effected through a partial demerger of Solvay, with the specialty businesses spun off to SpecialtyCo. Solvay’s shareholders would retain their current shares of Solvay stock and receive shares in the new company on a pro rata basis. Both companies are expected to be listed on Euronext Brussels and Euronext Paris. Plastic-waste-to-aromatics – rPET-to-yarn
The transaction is expected to close in the second half of 2023, subject to market and regulatory conditions. No financial details were provided.
The group said the new company would have full financial flexibility to fund growth. The names for each company, the composition of the boards and management teams, will be provided at a later date.
-Bio-Fed signs distribution agreement with KBK in Japan
KBK authorised to sell M·Vera in Japan
Cologne-based materials producer Bio-Fed and Tokyo-headquartered Kyokuto Boeki Kaisha, Ltd. (KBK), have signed an agreement naming KBK as Bio-Fed’s distribution partner for the Japanese market. Plastic-waste-to-aromatics – rPET-to-yarn
Bio-Fed, a branch of Akro-Plastic GmbH and a member of the Feddersen Group, produces and distributes biodegradable and/or biobased plastic compounds under the brand name M·Vera. In recent years, the company has added ISCC Plus and REDcert sustainable certified M·Vera compounds made from biomass-balanced polypropylene (PP) to its portfolio.
“The bioplastics market in Japan has received a strong boost from the government’s “Resource Circulation Strategy for Plastics” roadmap,” said Stanislaw Haftka, Sales Director at BIO-FED.
The strategy, introduced in May 2019, is founded on the idea of “3R + Renewable” and includes a number of milestones, such as a 25% reduction in single-use plastics by 2030; ensuring an easy-to-sort, reusable, and recyclable design for all plastic containers and packaging, etc. by 2025; the reuse and recycling of 60% of all plastic containers and packaging by 2030; and a doubling in volume of plastics recycled by 2030. Plastic-waste-to-aromatics – rPET-to-yarn
-R|Elan™ GreenGold – enabling eco-conscious fashion – now available in PTY &FDY
There has been a growing demand for sustainable raw materials like recycled polyester filament yarns across varied product range for use in major apparel categories. Buoyed by burgeoning demand Reliance Industries Limited (RIL) has introduced R|Elan™ GreenGold in the filament form, made from recycling 100% post-consumer used PET bottles. This is suitable for making garments across a varied range of categories. It is available in Draw Texturized Yarn (DTY) for categories like activewear, denim, formalwear, etc. and in Fully Drawn Yarn (FDY) to make garments across categories like Women’s Dresses and Tops. Plastic-waste-to-aromatics – rPET-to-yarn
Enhanced whiteness index
When post-consumer waste PET bottles are converted into recycled fibres the resultant product may have low whiteness with yellowish tone. This leads to a limitation for brands to make high quality fabrics in some specific shades including light, pastel and brilliant shades.
Apart from being made from assured 100% post-consumer used PET bottles for raw material, R|Elan™ GreenGold also offers an enhanced whiteness in its recycled portfolio. It gives a superior whiteness index that enables it to be ideal for making fabric in light and pastel shades available across a wide range of applications.
Growing awareness and demand for Green Fashion
The fashion and textile industry in India is one of the key contributors to economic growth, as well as a leading employment generator. However, the industry has its inherent detrimental effect on environment and natural resources. It has become imperative for the entire value chain to deal with eco-pollution.
In order to boost green fashion, Reliance Industries Limited, India has been recycling used plastic bottles to provide eco-sensitive raw materials to global fashion brands and retailers. Reliance Industries Limited recycles more than 2 billion post-consumer PET bottles annually across different manufacturing sites.
R|Elan™ range of fabrics offer multiple possibilities with inherent technologies that bring about special and lasting benefits in the garment for the consumer. R|Elan™ GreenGold fabric which is made from 100% post-consumer used PET bottles is a core part of the R|Elan™ product portfolio and it helps provide sustainable solutions to the fashion industry. This can be used in manufacturing casual wear, denim, shirts, bottom-weight, activewear, and womenswear. Plastic-waste-to-aromatics – rPET-to-yarn
Eco-friendly fabrics that enable enhanced performance
Today, there is a growing demand from consumers for apparel with value added benefits. Quality alone is not a factor for purchasing a product, consumers are looking for additional functionality that enables enhanced performance. Consumers today are also well aware of factors that affect the environment and are conscious about how they can contribute towards its betterment by using eco-friendly products.
R|Elan™ fabrics offer a world of possibilities with technologies that bring lasting benefits to wearer at the same time are eco-friendly. Here, we have developed a wide range of fabrics from green fibre variants, combining sustainability with various functional benefits like moisture management in the form of R|Elan™ Kooltex, thermal insulation in the form of R|Elan™ AirTherm and all-weather comfort in the form of R|Elan™ AllClima. This solution can be ideal offering from fashion brands to the consumers that are looking for eco-friendly garments which also provides enhanced comfort. Plastic-waste-to-aromatics – rPET-to-yarn
Plastic-waste-to-aromatics – rPET-to-yarn