As many know, we are building our first plastic film recycling facility in Connersville, Indiana. We expect our first line to be operational in the coming weeks. Want to know why I think mechanical recycling is the best technology for polyethylene film? Here are five reasons mechanical recycling is a great choice:
1. Waste Reduction: We divert waste from landfills and incinerators by recycling polyethylene film, reducing overall plastic waste.
2. Established Technology: Mechanical recycling is a well-established process making it a practical and scalable solution today.
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3. Innovation: There are many opportunities to apply material science and engineering to make mechanically recycled polyethylene high quality and cost-effective to support packaging innovation including food packaging.
4. Consumer Awareness: The process is easy to explain to consumers, which can enhance public support and participation in recycling programs.
5. Lower Carbon Footprint: There is promising evidence that mechanical recycling of polyethylene film can use less energy when compared to producing virgin plastic, which helps to reduce greenhouse gas emissions. For example, a study produced by the Association of Plastic Recyclers and Franklin Associates* concluded that mechanical recycling has 30% of the greenhouse gas emissions of virgin plastic.
These factors make mechanical recycling a viable and sustainable option for managing polyethylene film waste.
by Greg DeKunder
Source: blog.novachem.com
OMV AG and the European Climate, Infrastructure and Environment Executive Agency (CINEA) have signed a grant agreement for OMV’s planned industrial ReOil plant, securing up to €81.6 million funding. This marks the first time that OMV receives a grant from the EU Innovation Fund.
Vopak has previously committed investment of up to €1 billion in the sector to achieve its growth ambitions by the end of this decade, but it announced in a capital markets event for investors on March 13 that it will double its planned spending in industrial and gas terminals.
Signed agreement foresees strategic combination of Borealis and Borouge under the newly created company Borouge Group International, set to become world’s fourth largest polyolefins company. OMV and ADNOC with equal shareholdings of 46.94% each and equal partnership in Borouge Group International following cash injection of EUR 1.6 bn.
