News
With export turnover growing strongly in the first 9 months of 2021, plastic sheets, sheets and films replacing plastic bags become Vietnam's largest export plastic products in the first 9 months of 2021, with a turnover of 796 $1.1 million, accounting for 21.2% of the total export turnover of plastic products. Compared to the s...
PE prices in Southeast Asia went up from mid-June to late-July. However, since the beginning of August, a steady trend has permeated the market due to a combination of mixed factors including demand. End-consumer demand continues to weaken, freight rates are high, and supply decreases due to lower plant operating capacity.
Saudi Arabia shifts focus to PE exports to Western Europe
China's main PE suppliers are located in the Middle East and are Saudi Arabia, Iran, UAE and Qatar. All are subject to a drop in exports to China in 2021. Saudi Arabia, which is capable of exporting more than 9 million tonnes of PE per year, has faced a 22% drop in exp...
Companies see this as the next step towards a better plastic market
France-based chemical company TotalEnergies and Honeywell International Inc. US-based company has signed a strategic agreement that will see Honeywell supply TotalEnergies with materials derived from the chemical recycling of waste plastic.
Automotive Injection Molding and Extrusion Machine Vehicle Accessories Inc. acquired auto supplier Remington Global Inc. for an undisclosed price.
Remington is headquartered in Ooltewah, Tenn. manufactures floor protection products for automotive original equipment manufacturers. In a press release, VAI officials said Remingt...
Focus on recycled content prompts search for the best way to hit targets
One thing that gets wide agreement now in the plastics waste debate — from American Chemistry Council policy papers to the Break Free from Plastic Pollution Act in Congress — is that the U.S. needs more government mandates for recycled content.
Oldcastle Infrastructure Inc. is adding plastics to its portfolio with the strategic acquisition of National Pipe & Plastics Inc.
According to the General Department of Environment (Ministry of Natural Resources and Environment), there are currently 19 products that have been granted certificates of environmentally friendly plastic bags, valid until the end of 2021 or 2022 and 2023.
Canada recycles just 12 percent of its plastic packaging — about 21 percent of its rigid containers but only 1 percent of its flexible packaging. A new plan released Oct. 21 from some major consumer product companies and other groups, however, hopes to change that.