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Equipolymers improves Viridis PET grade, now made with 30% recycled feedstock

January 19/2021

MOSCOW (MRC) -- Equates 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 EUs (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.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PET-granulate, recikling, packaging, PET bottles, Equipolymers, Coca-Cola, Kuwait, Russia.
Category:General News
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