News

NOVA Chemicals Corporation (“NOVA Chemicals”) today announced the establishment of NOVA Circular Solutions, a new line of business focusing on lower-emission, recycled solutions that will help reshape a better, more sustainable world. NOVA Circular Solutions will be home to the SYNDIGOTM brand, the company’s newest portfolio of recycled polyethylene (rPE).

The year 2022 was a promising year for bio-based polymers: Bio-based epoxy resin production is on the rise, PTT regained attractiveness after several years of constant capacities and PE and PP made from bio-based naphtha are being further established with growing volumes. Increased capacities for PLA are ongoing, after being sold out in 2019. Current and future expansions for bio-based polyamides as well as PHAs are on the horizon. And also, bio-based PET is getting back in the game.

As the scale of the food delivery industry magnifies, especially since the advent of companies like Swiggy&Zomato, brands are continuously looking for sustainable alternatives for packaging. This is because with increasing convenience for consumers, there is also a looming danger of exponential increase in non-biodegradable waste as the commonly used materials for delivery are plastic, thermocol, aluminum, etc. However, there are a number of challenges being faced by such brands in terms of availability of effective alternatives to single-use plastic.