LG Chem, CJ Logistics partner to recycle packaging wrap

South Korean companies LG Chem Ltd. and CJ Logistics have signed an memorandum of understanding on Thursday to establish a recycling ecosystem for packaging wrap at logistics centers, said the company.

CJ Logistics will collect the packaging wrap from logistics centers nationwide and deliver it to LG Chem for recycling into reusable wrap that will be supplied back to CJ Logistics. LG Chem plans to supply 1,000 rolls of reusable wrap this month and increase the supply volume by recycling additional packaging wrap.

Most packaging wraps are mainly made of polyethylene (PE) products and are used to secure items from shaking during transportation. Despite the annual generation of 800,000 tons of waste PE in Korea, only 40% of it is currently recycled.

LG Chem and CJ Logistics hope that their collaboration will help establish an effective way to collect and recycle packaging wrap from logistics centers.

Han Seok-hee, LG Chem's PO (Polyolefin) Sales Manager, said the agreement will contribute to building a plastic circular economy and carbon reduction for a sustainable future.

We remind, LG Chem will team up with Innerbottle and CJ Logistics to accelerate the construction of an eco-platform that will include plastic production, collection after use, and recycling. LG Chem announced on the 30th at the Yeouido LG Twin Towers that it signed the ‘2022 Resource Cycle Platform Construction MOU’ together with the innovative domestic startup Innerbottle and CJ Logistics. Department Leader of Sustainability1 Min-jong(Joseph) Lee from LG Chem, CEO Steve Seil Oh of Innerbottle, and Management Leader Heo Shin Yeol of CJ Logistics attended this event.

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South Korean petrochemical company DL Chemical said its subsidiary D-Rex Polymer on April 1 began production of an eco-friendly adhesive at its plant in Yeosu, South Jeolla Province, under a plan to develop DL Chemical into a specialty company of high added value, said Kedglobal.

As a joint venture between DL Chemical and the American petrochemical company Rextack, D-Rex Polymer late last year completed the factory with annual capacity of 40,000 tons. After a trial operation of about three months, the facility since April 1 has produced the adhesive amorphous poly alpha olefin (APAO).

The completion ceremony held that day was attended by DL Chemical Vice Chairman and CEO Kim Jong-hyun, D-Rex Polymer CEO Kim Man-jung and Yeosu Deputy Mayor Kim Jong-shi. APAO is applied to bond types of plastics.

"D-Rex's APAO is non-volatile and has almost no odor," a DL Chemical source said. "We expect its use as a raw material for products coming in contact with skin like diapers and sanitary napkins."

We remind, Kraton Corporation, an American manufacturer of polymers and bio-based products based on pine wood pulping co-products, has decided to merge with DL Chemical Co Ltd, a South Korean arm of DL Holdings Co Ltd (formerly Daelim Industrial Co Ltd). DL Chemical will pay USD46.50/share of Kraton common stock in cash. The purchase value is a 50% premium to the firm's unaffected trading value as of early Jul 2021.

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The Board of Directors is pleased to announce the appointment of Paolo Barbieri as Chief Executive Officer of Kem One and as a member of the Board of Directors as of April 3, 2023, said the company.

He will succeed Laurent Lenoir who has served as interim CEO since June 15, 2021. Laurent will continue in his role as Chairman of Kem One Board of Directors. Paolo is a seasoned international executive with over 25 years of experience.

In the first part of his career, he held commercial management positions in various entities of DuPont chemical group, and for the last 10 years he has held general management positions in Europe at Corteva Agriscience, an independent company since 2019 following the sale by DowDupont, specialized in seeds and pesticides.

“His in-depth knowledge of the chemical industry, his focus on safety, his strong customer culture and his human qualities make Paolo Barbieri the leader that Kem One needs to accelerate its transformation and reveal its growth potential," said Chairman Laurent Lenoir, on behalf of the entire Board of Directors.

Paolo Barbieri stated, "I would like to thank the Board of Directors for the confidence they have shown in me. I am delighted to be joining Kem One, whose values and strategic orientations echo my own background. As soon as I join, I will work alongside the teams to help Kem One to achieve its bold goals of becoming a resilient, diversified international player and setting the industry standard in the vinyl sector in terms of low carbon emissions."

“Safety, performance, respect for people and environment, and a customer-focused culture are the fundamentals that will guide my work at Kem One,” Paolo added. An Italian national who is fluent in French, ity, with a perfect command of French language, Paolo Barbieri holds a degree in Business Management from Bocconi University in Milan (Italy) and is a graduate of the IESE Executive Program in Barcelona (Spain).

We remind, on 15 June 2022, Kem One Group announced a leadership transition. Kem One Group today announced a leadership transition. Frederic Chalmin will depart after eight years in the role of Chief Executive Officer. The Chairman of the Board of Directors, Laurent Lenoir, has accepted to serve as interim Chief Executive Officer while the Board undertakes a formal CEO search process to identify a permanent successor.

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Air Products, a world leading industrial gases company serving Malaysia for nearly 50 years, today announced it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park, said the company.

The company will also further extend its pipeline network in both areas. This strategic investment in additional capacity and infrastructure will strengthen Air Products’ leading position in Northern Malaysia and its capability to meet market needs.

Air Products has established a strong presence in Northern Malaysia with two advanced air separation units in the Prai Industrial Area and a comprehensive pipeline network that covers Prai Industrial Area, Bukit Minyak Industrial Area, Penang Science Park, Batu Kawan Industrial Park, and Valdor Industrial Area. To support growing customer demand, Air Products will build a nitrogen plant at its greenfield site in Batu Kawan Industrial Park, which is home to a host of world-class manufacturing companies and integrate the plant into its existing pipeline network.

The company will also build a new nitrogen plant in the Bayan Lepas Free Industrial Zone to serve the fast-growing demand from the electrical, electronics and other manufacturing industries. Air Products brought its first nitrogen plant in the zone onstream in 2021.

By converting hauled-in liquified nitrogen to gaseous nitrogen supply via pipeline, Air Products brings greater reliability and cost-effectiveness to customers, especially those with high-volume demand. This conversion also helps customers reduce carbon emissions and improve sustainability.

We remind, Air Products confirmed that it is no longer involved in the coal-to-methanol Bengalon, East Kalimantan, Indonesia project, nor in other coal gasification projects in Indonesia. The financial landscape for blue and green hydrogen projects has significantly changed in the last year, driving increasing opportunities for Air Products to invest in these energy transition projects around the world. As a result, the Company has decided to redeploy its financial resources on such energy transition opportunities. Air Products remains committed to its core industrial gas business in Indonesia.

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Fost Plus and Morssinkhof Plastics have signed a contract to build a recycled polyolefins plant in Lommel, Belgium, which is expected to be operational from October 2024, said Plasteurope.

The plant will sort, process and recycle high density polyethylene (HDPE) and polypropylene (PP) waste. The input post-consumer waste nameplate capacity will be 40,000 tonnes/year, with Fost Plus supplying 24,000 tonnes/year of the input capacity from its post-consumer PMD (plastics, metal and drinks cartons) bag household collection system.

The nameplate capacity on paper will be split 50/50 between HDPE and PP, but will depend on the waste composition with the PP component expected to be larger than the HDPE component in practice, a Morssinkhof company source confirmed.

The input material will be separated by colour, both cold and hot-washed, then extruded and de-odorised, following similar processes as Morssinkhof’s existing recycled polyolefins processes in the Netherlands.

Morssinkhof will target the packaging sector with the recycled polyolefin pellet output.

We remind, LyondellBasell and thermal waste treatment specialist EEW Energy have signed a Letter of Intent for a potential strategic partnership to remove and recycle plastics from incineration bound waste streams. The partnership is also expected to include investment in new sorting facilities to sort the removed plastic waste. The separated and sorted waste will be used as a feedstock for both mechanical and chemical recycling operations, LyondellBasell said in its press release.

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