MEGlobal nominates ACP for August at USD820 per tonne

MEGlobal nominates ACP for August at USD820 per tonne

MOSCOW (MRC) -- MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD820/MT CFR Asian main ports for arrival August 2022, said the company.

The August 2022 ACP reflects the short term supply/demand situation in the Asian market.

We remind, MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be US$910/MT CFR Asian main ports for arrival July 2022. The July 2022 ACP reflects the short term supply/demand situation in the Asian market.

MEGlobal is a fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG).

Berry Superfos makes best selling products available in rPET

Berry Superfos makes best selling products available in rPET

MOSCOW (MRC) -- Berry Superfos has launched some of its top-selling thermoformed and injection stretch blow moulded food packs manufactured in recycled PET (rPET), said Packagingnews.

RPET is now available in the following Berry Superfos thermoformed pots and containers ranges: CombiPac; CombiRound; SuperLight; Spoon-in-lid and DeliPac; and the company’s injection stretch blow moulded PET range.

Roland Lingman, director sales and marketing at Berry Superfos Nordic said: “In Europe, PET is one of the most commonly used types of plastic packaging material and, fortunately, also widely recycled. Its stiffness and high transparency are valuable assets. Plus, it has good barrier protection properties. All these qualities remain intact in our rPET packaging solutions, and therefore they are suitable for many different types of food products."

The introduction of the rPET containers ties in with Berry Global’s Impact 2025. One of the Impact 2025 targets is that 100% of the company’s fast-moving consumer products will be reusable, recyclable and/or compostable by 2025. The current total is 86%.

We remind, HPC Industries LLC and Macquarie Group's Commodities and Global Markets group (Macquarie) have formed a joint venture to produce recycled polyethylene terephthalate (rPET). Under the name Circularix, the venture's plans include building and operating five recycling facilities across the U.S. with a total annual production capacity of more than 275 million pounds of rPET resin. The first facility, located in Hatfield, PA, is expected to be operational by December 2022.

Constantia Flexibles targets growth with acquisition of FFP Packaging Solutions

MOSCOW (MRC) -- Constantia Flexibles has acquired FFP Packaging Solutions in a bid to expand its market position and build stronger relationships in the UK food sector, said Packagingnews.

The deal for an undisclosed sum, is the first consumer plant for Constantia in the UK. FFP operates in flexible packaging and offers flow wraps, lidding films and pre-made pouches. The Northampton-based firm has a workforce of over 100.

Pim Vervaat, chief executive of Constantia Flexibles, said: “The acquisition aligns well with our Vision 2025 growth strategy of investing in competitive businesses with potential for future growth. FFP Packaging Solutions joining the Constantia Flexibles Group will expand our overall market position. Its significant experience and credibility allow for strong relationships across the UK food industry. We will be working with the existing management team to continue driving the revolution of sustainable flexible packaging in the UK and beyond. FFP chief executive and managing director David Cooper will remain with the company along with the management team.

Robin Chudley, chairman of FFP Packaging Solutions, added: “I am extremely proud of FFP’s position in the UK flexible packaging market and the respect that FFP has developed across the industry. This legacy is something that was started by my father back in 1962 and has been continuously built upon through my own leadership of the business and more recently since the appointment of the management team in place today.

"The sale of FFP to Constantia Flexibles is another important step on the firm’s journey and I am delighted that David and his team will remain with the business to ensure a successful integration and continue to build on FFP’s success long into the future."

We remind, Dow and Mura Technology have announced plans to build multiple advanced recycling facilities in the US and Europe, which the companies say could add as much as 600 kilotons (KT) of aggregate advanced recycling capacity by 2030 and will apparently enable the HydroPRS technology to be scaled globally. In 2021, Dow and Mura initially announced plans to collaborate. The companies say they are now aiming to scale the advanced recycling of plastics with multiple new facilities in both Europe and the US, which could each offer 120 KT in annual advanced recycling capacity. Overall, the project could reportedly offer up to 600 KT in annual advanced recycling capacity by 2030, which the companies claim is the largest commitment of its kind.

Dow declares quarterly dividend of 70 cents per share

Dow declares quarterly dividend of 70 cents per share

MOSCOW (MRC) -- Dow has declared a dividend of 70 cents per share, payable September 9, 2022, to shareholders of record on August 31, 2022, said the company.

This marks the 444th consecutive dividend paid by the Company or its affiliates since 1912.

As per MRC, Dow has signed a memorandum of understanding (MoU) with Chinese food and beverage firm Want-Want for zero-solvent emissions and to develop a circular economy for flexible packaging, said the company.

We remind, Dow, recycler KW Plastics of Troy, Alabama; molder Core Technology Molding Corp. of Greensboro, North Carolina; and sustainable golf company Evolve Golf of Wilmington, North Carolina, collaborated to reuse high-density polyethylene (HDPE) plastic mesh fencing from the previous year’s GLBI in the form of 20,000 ball markers and 5,500 divot tools for this year’s event.

Dow combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world

Greiner Packaging joins RECOUP

Greiner Packaging joins RECOUP

MOSCOW (MRC) -- Greiner Packaging UK & Ireland (GPUK) has joined RECOUP, the UK charity and leading authority providing expertise and guidance across the plastics recycling value chain, said the company.

“Built on a network of valued members, collaboration is central to RECOUP’s activities, so we are very pleased that GPUK has become a member,” says RECOUP CEO Stuart Foster. “The organisation is committed to securing sustainable, circular, and practical solutions for plastic resources both in the UK and worldwide. Our membership includes over 170 businesses and organisations from brands and retailers, to recyclers, polymer producers and a range of other stakeholders.

“RECOUP’s aims remain the same as those that were agreed when we began 32 years ago: to help improve plastic recycling and recyclability; ensure plastic uses resources efficiently; and to protect the environment,” says Stuart Foster. “However, requirements and expectations have changed a great deal over three decades, from producer responsibility to the circular economy.

"Having the broadest possible spectrum of members from across the value chain enables us to have a good awareness and understanding of everyone’s opportunities and issues, which in turns allows us to deliver cross-sector balanced information and support, backed by science."

We remind, starting from January 1, 2023, Manfred Stanek, current CEO of Greiner Packaging, will become part of the Greiner AG Executive Board as Chief Operating Officer (COO). Following Manfred Stanek’s appointment to the Executive Board, Greiner will be managed by three Executive Board members for the first time in the company’s history. The newly created position focuses on the strategic further development of the Greiner Packaging, NEVEON, and Greiner Bio-One divisions.