Sustainability

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Eastman to Build World’s Largest Molecular Plastics Recycling Facility in France

US-based chemical company Eastman Chemical Co. will invest up to $1 billion to build the world’s biggest molecular recycling facility for waste plastics in France. The announcement was made jointly by French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa. The investment affirms France’s foresight in recognising the role of molecular recycling and supporting investments in innovation, while at the same time accelerating the transition to a more circular economy for plastics in Europe.

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Polystyrene Box Replaced – Benefiting both Customers And The Climate

For fish wholesalers Bröderna Hanssons, the sea is their livelihood. People have been enjoying fish and shellfish from them since the company was founded in 1880. To ensure that also future generations can enjoy delicacies from the sea, Bröderna Hanssons focus not only on the fish, but also on sustainability. One step in taking better care of the sea was to replace the polystyrene box with a fibre-based fish box made of corrugated board.

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SK Geo Centric and PureCycle Announce Location of Asia’s First Polypropylene Recycling Plant

SK Geo Centric (hereafter “SKGC”) and PureCycle Technologies (hereafter “PureCycle”), a U.S. advanced recycling company revolutionizing plastic waste, signed a non-binding Heads of Agreement (“HOA” or “term sheet”) to open Asia’s first recycled polypropylene (PP) plant in Ulsan, South Korea. The facility is expected to have an annual capacity of 60,000 tons and an expected completion end of 2024. The HOA progresses the business relationship between the two companies, which initiated in August 2021 with the signing of a memorandum of understanding (MOU).

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