Xycle, a pioneering startup committed to advancing a circular economy for plastic through chemical recycling technology, announces it has successfully secured financing to fund the construction of its first commercial-scale plant. The funds secured are a combination of equity investment from a consortium of investors; Dow, ING, Invest-NL (partly covered by InvestEU) and Vopak, and senior debt from Polestar Capital.
Breaking new ground in plastics recycling means assessing the value chain from end to end.
Stadler Anlagenbau GmbH, in collaboration with Krones, has designed and installed the new Republic Services Polymer Center in Las Vegas, Nevada, which processes plastic bottles, jugs and containers to produce plastic materials ready for use in new packaging. The first of its kind in North America, this facility closes the circular economy to meet the rising demand for high-quality and food-grade recycled plastic.
International distributor Biesterfeld and leading technical plastics manufacturer Celanese are further expanding their collaboration in the new year. The partners have agreed to enhance their joint portfolio and to cooperate to develop new markets.
Stadler Anlagenbau GmbH, together with weeeSwiss Technology AG, a subsidiary of the Stadler Group, have designed and installed the electronic waste sorting plant jointly with Immark at its site in Regensdorf.
Packaging specialist takes over shares from joint venture partner Billerud.
Lindner, renowned manufacturer of recycling solutions, continues its expansion course.
Borealis and TotalEnergies celebrate the start-up of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar polyethylene (PE) unit, which more than doubles the current production capacity at Baystar’s site in Pasadena, Texas.
SABIC and SINOPEC announced the commercial operation of a new polycarbonate (PC) plant at their 50-50 joint venture (JV) – SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC).
The jointly founded holding company Blueone Solutions aims to leverage both companies’ expertise and jointly execute research projects to create industry standards in plastics recycling.
PreZero and Shell Chemicals Europe (‘Shell’) aim to develop a sustainable chemical recycling solution along the value chain for currently hard to recycle plastic streams.
The Swedish compounders, Hexpol TPE AB and Polykemi AB, have collaborated on a 2K sustainable development project for consumer products.
