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MOSCOW (MRC) -- Equate’s Equipolymers
(EQP) subsidiary has launched Viridis 30, a food-grade polyethylene
terephthalate (PET) manufactured with 30% chemically recycled PET as feedstock,
accoridng to GV.
The Viridis
grade was started in 2009, with the support of the Coca-Cola Co., when EQP
launched Viridis 10, made with 10 % chemically recycled PET. Last January, it produced its first
successful batch of Viridis 25, which uses up to 25% chemically recycled PET.
Viridis 30 is expected to be commercially available to the European market from
the first quarter of 2021.
“Viridis 30 is a significant achievement for
EQP and for the petrochemical industry,” said Muayad Al Faresi, global business
director for PET at EQP. “As global demand increases, the transformation of our
industry is necessary to create new products that are more sustainable in the
long term. The development of Viridis 30 is aligned with the EU’s (European
Union) target to achieve 25 % rPET (recycled PET) in packaging by 2025, and 30 %
by 2030. It highlights our commitment towards innovation – this is a
breakthrough that will have far reaching environmental, social and business
benefits.”
According to MRC's ScanPlast report,
Russia's estimated PET consumption reached 61,110 tonnes in
November 2020, up by 1% year on year. Overall consumption of PET in
Russia reached 648,110 tonnes in the first eleven months of 2020, down
by 18% year on year.
Equipolymers is a company dedicated to the
manufacture and marketing of PET resins. The company is a fully owned subsidiary
of MEGlobal. |
