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Sealed Air, Plastic Energy to collaborate on recycling

August 13/2020

MOSCOW (MRC) -- Sealed Air (Charlotte, North Carolina) has signed a collaboration agreement with Plastic Energy (London, UK), a chemical recycler of plastics, and made an equity investment in its parent, Plastics Energy Global, as per Chemweek.

"This collaboration will help us meet our 2025 sustainability pledge and lead the way in transforming our industry," says Ted Doheny, president and CEO of Sealed Air, the company that invented Bubble Wrap.

The pledge, which Sealed Air announced in 2018, sets a target of 50% average recycled content across all packaging solutions, with 60% coming from post-consumer recycled content. The pledge also includes a commitment to increase recycling and reuse rates through collaborations such as the investment in Plastic Energy, says the company. In 2019, Sealed Air joined the Alliance to End Plastic Waste.

Plastic Energy has a patented technology for the anaerobic thermal conversion of polyethylene, polypropylene, and polystyrene waste to naphtha and diesel fuel. The company, which currently operates two commercial plants in Spain, aims to process 300,000 metric tons of plastic waste by 2025. Partners include Petronas, SABIC, and Ineos.

As mRC informed earlier, bubble wrap maker Sealed Air Corp. is acquiring Automated Packaging Systems Inc. (APS), an Ohio-based manufacturer of automated bagging systems, for USD510 million.

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Author:Anna Larionova
Tags:PE, HDPE, packaging, Sealed Air, recycling.
Category:General News
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