TAGS: Sustainability and Bioplastics
In the plastics value chain, circularity refers to the design of closed-loop systems for plastic production, use, and disposal. The goal is to create a system where plastic waste can be recycled and reused rather than discarded or dumped.
It is possible to reduce the environmental impact of plastic production and use, conserve natural resources, and create a more resilient, sustainable plastics value chain by incorporating circularity.
To achieve this, suppliers need to work with their customers and stakeholders across the value chain, including producers, recyclers, and consumers. They can also collaborate with other companies in their industry to share best practices, develop new technologies, and promote a more sustainable plastic economy.
Initiatives by Major Suppliers
We have gathered for you key highlights from the plastics industry and what leading suppliers are up to when it comes to becoming more ‘circular’ & fulfil the sustainability goals they have set. Let’s see what has happened around the globe:
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Synova, SABIC and Technip Energies Partner to Accelerate Plastic Circularity
Synova, SABIC Global Technologies B.V., an affiliate of Saudi Basic Industries Corporation (SABIC), and Technip Energies (T.EN) have signed a Joint Development and Cooperation Agreement to collaborate on the development and
realization of a commercial plant, which will produce olefins and aromatics from plastic waste.
The plant will use a combined technology developed by Synova and T.EN and will be integrated with one of SABIC’s steam crackers. As such, the plant will contribute to SABIC’s vision of closing the loop on used plastic.
- LyondellBasell Revises Its GHG Emissions Reduction Targets for 2030
LyondellBasell announced it will increase the company's 2030 greenhouse gas (GHG) emissions reduction target for scope 1 and scope 2 emissions from 30 percent to 42 percent, relative to a 2020 baseline.
In addition, the company will
establish a 2030 scope 3 GHG emissions reduction target of 30 percent, relative to a 2020 baseline and in accordance with guidelines from the Science Based Targets Initiative (SBTi). The company's previously announced goal to achieve net zero scope 1 and 2 GHG emissions from global operations by 2050 remains unchanged.
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Covestro Opens Learning Center to Promote Awareness About Plastic Waste Management
Covestro officially launched its
learning center of plastic innovation for sustainability. The center’s primary objective is to provide an out-of-classroom platform to Thai children to learn about importance of proper plastic waste management and the circular economy concept.
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Borealis Acquires Majority Stake in Renasci to Achieve Its Circular Goals
Borealis has acquired a majority stake in Renasci N.V., a Belgium-based provider of innovative recycling solutions and the creator of the novel Smart Chain Processing (SCP) concept.
The investment is an important component of
Borealis’ strategy to reach its ambitious circular goals, which target a six-fold increase in the volume of circular products and solutions to 600 kilotons by 2025, rising to 1.8 million tons by 2030. The acquisition will support Borealis to reach these goals by providing increasing long-term access to chemically recycled feedstock from Renasci’s Ostend facility and through enabling access to key circular technologies.
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Asahi Kasei Collaborates on Recycling Technology for Carbon Fiber Plastic Compounds
Asahi Kasei has developed a new technology for
recycling carbon fiber plastic compounds together with the National Institute of Technology, Kitakyushu College and Tokyo University of Science. This results in high-quality, inexpensive continuous carbon fiber that can be recycled perpetually, contributing to circular economy.
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TotalEnergies and Clariter Develop Ultra-Pure Chemicals from Plastic Waste
Clariter, a global cleantech company, and TotalEnergies Fluids, a division of TotalEnergies, have premiered the world’s first sustainable
ultra-pure solvent made from plastic waste. This groundbreaking innovation demonstrates the commitment of the two partners to develop high-quality low carbon footprint products and to contribute to the development of the circular economy.
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PureCycle to Build Its First PP Recycling Plant in Europe
PureCycle Technologies and the Port of Antwerp-Bruges announced that PureCycle intends to build its first
polypropylene (PP) recycling facility in Europe in the port's fast-growing NextGen District located in Belgium.
The new plant is expected to have an annual capacity of 59,000 metric tons (130 million pounds), with opportunities to expand operations in the future since the 14-hectare plot can support up to four processing lines with an anticipated total capacity of approximately 240,000 metric tons (500 million pounds) per year (in total for all four processing lines).
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SK Geo Centric Signs MoU with Plastic Energy to Build Pyrolysis Plant in Ulsan ARC
SK Geo Centric has signed a contract with British company Plastic Energy, which specializes in plastic pyrolysis, completing the “last puzzle” of the world’s first
plastic recycling complex to be built in 2025.
Amid a surge in demand for plastic recycled products worldwide, SK Geo Centric’s green business is building momentum.
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Plastic Energy Opens New R&D Labs to Further Optimize its Unique Recycling Technology
Plastic Energy has announced the opening of its new
research and development labs at Loughborough University in the UK. The lab contains state of the art equipment, which the research team use to test feedstock and improve the quality of the final product from Plastic Energy’s TAC™ process, called TACOIL™.
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Savage Partners with Cyclyx to Increase Recycling Rates up to 90%
Savage, a supply chain partner to the plastics and chemicals industry, has joined Cyclyx, a consortium-based company working to
divert plastics from landfills and increase plastic recycling rates from 10% to 90%. New circularity centers in development by Cyclyx will allow a more significant amount of waste plastic to be transformed into usable feedstock than is possible with today's recycling infrastructure.
- AIMPLAS' Portable Materials Recovery Facilities to Improve Waste Management
AIMPLAS provides significant expertise in plastics recovery and the circular economy. The center will
contribute in portable robotic MRF requirements and equipment specification, prioritizing the recovery of different plastics, and optimizing system performance for the different use case scenarios.
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Venator & Atos Team-up to Automate Product Carbon Footprint
Venator announces that it is working with Atos to measure the carbon footprint of its products. As Venator increases its focus on sustainability across its operations, this strategic project will enable the business to
deliver data on the carbon footprint of its products to its customers and accelerate its sustainability ambitions.
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revalyu to Build Large PET Recycling Facility in the USA
revalyu expands its worldwide footprint by acquiring 43 acres of land in the USA to build a PET recycling plant with a capacity of up to 450,000 pounds per day.
The company announced that it will invest USD 50 million during the initial phase of its
strategic expansion in its first facility in the USA.
Source: Curated by SpecialChem
