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INEOS partners with Forever Plast to recycle bottle caps back into high quality caps

February 17/2020

MOSCOW (MRC) -- INEOS Olefins & Polymers has today announced a partnership with Forever Plast SpA, a leading polymer recycling technologies operator in Italy, said the company.

Together they have developed a range of new Polyethylene grades that mirror INEOS virgin grades and perfectly fit injection moulding and compression moulding machines.

The new Recycl-IN products take Post Consumer Recyclate (PCR) from used bottle caps and carefully blend them with highly engineered virgin polymer to create new high-quality caps.

Over the next five years an incredible 6.5 billion bottle caps will be diverted from the waste stream to be recycled. As part of its ongoing drive to support a more circular economy and significantly increase plastics recycling, INEOS is expanding its range of Recycl-IN polymers into the Polyethylene non-food caps market.

Iain Hogan, CEO INEOS Olefins and Polymers said For a while PET bottles have been increasingly recycled but this is one of the first circular developments to tackle the caps. This is a major step forward. We are creating a truly circular approach to ensure used bottle caps are recycled and returned to the market as new highly engineered high-quality caps, rather than being thrown away or wasted."

This development is part of INEOSs ongoing research and development program to move to a more circular approach to plastic production to support customers globally.

Iain Hogan CEO INEOS Olefins & Polymers South said: We are not just waiting for things to happen we are making things happen. Recycling 6.5 billion caps from bottles is an incredible achievement. We are providing real commercial solutions today for our customers, moving to a more circular approach to plastics, giving waste plastic a value and preventing it from ending up in the environment. Our people are passionate about tackling this issue."

According to MRC's ScanPlast report, the estimated consumption of polyethylene terephthalate (PET) in Russia decreased by 16% year on year in December 2019. Russia's overall estimated PET consumption totalled 696,810 tonnes in 2019, up by 1% year on year (690,130 tonnes in 2018).


mrcplast.com
Author:Anna Larionova
Tags:PET-granulate, PET bottles, PET films, PET preforms, Ineos.
Category:General News
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