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AROUND THE WORLD

Styrenics Circular Solutions formed

STYRENICS Circular Solutions (SCS), the joint industry initiative to drive the shift to a more circular economy for styrenics, has been incorporated as an independent organisation and collaboration platform. SCS’ four founding members, INEOS Styrolution, Total, Trinseo and Versalis (Eni), signed the SCS incorporation agreement to further solidify their commitment to transform the styrenics industry by unlocking polystyrene’s unique circularity potential. Game-changing technologies will enable polystyrene, EPS and other styrenic based plastics to be fully recycled so that they can be used again and again in high-quality applications, ultimately also for food contact. The newly incorporated platform will enable the inclusion of new members across the styrenics value chain and waste management stream, as well as build on the collaboration with long-standing partners, such as PlasticsEurope, and new partners alike. SCS will place a strong focus on engaging waste collection and sorting partners to recover more polystyrene and EPS-based products. www.styrenics-circularsolutions

UN launches global plastic pollution project THE United Nations has launched a ‘global plastic platform’ to fight plastics waste worldwide. The platform aims to encourage new commitments to reduce plastic pollution and explore innovative ways to change the habits of design, production, consumption and disposal of plastics around the world. The aim is to provide support to countries and cities with ambitious environmental commitments, by facilitating the sharing of experiences and the establishment of new policies. The Europe-wide strategy calls for transforming product design, production, use and recycling within the EU and involves investment opportunities and jobs within the sector. Under the new EU plans, all plastic packaging on the EU market must be recyclable by 2030, the consumption of single-use plastics will be reduced and the intentional use of microplastics will be restricted. 80

Borealis supports global commitment to

eliminate plastic pollution at source Commits to increase its recycled plastics volume by fourfold by 2025

Borealis CEO, Alfred Stern

World News

BOREALIS, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilisers, has signed The New Plastics Economy’s ‘A Line in the Sand’ – Global commitment to Eliminate Plastic Pollution at the Source. A global commitment to eradicate plastic waste and pollution at the source has been signed by 250 organisations including many of the world’s largest packaging producers, brands, retailers and recyclers, as well as governments and NGOs. Signatories include companies representing 20% of all plastic packaging produced globally. The New Plastics Economy Global Commitment is led by the Ellen MacArthur Foundation, in collaboration with UN Environment, and was officially unveiled at the Our Ocean Conference in Bali, Indonesia in October 2018. “Change is possible. We truly believe that working side-by-side, businesses and governments can tackle plastic pollution at the source,” explains

Borealis CEO Alfred Stern. “As a plastics producer we have taken a leading role in helping to solve the issue of plastic littering and recycling. We support ‘A Line in the Sand’ Global Commitment by committing to more than quadruple our recycled plastics volumes by 2025 and further scaling up our Project STOP to help close the tap on ocean plastics.” The Global Commitment aims to create ‘a new normal’ for plastic packaging. Targets will be reviewed every 18 months and become increasingly ambitious over the coming years. Businesses that sign the commitment will publish annual data on their progress to help drive momentum and ensure transparency. Targets include: • Eliminate problematic or unnecessary plastic packaging and move from single-use to reuse packaging models. • Innovate to ensure 100% of plastic packaging can be easily and safely reused, recycled, or composted by 2025. • Circulate the plastic produced, by significantly increasing the amounts of plastics reused or recycled and made into new packaging or products. www.newplasticseconomy.org

RPC in buyout talks with US private equity firms LEADING UK plastics packaging firm RPC Group plc, with global operations including more than 20 plants in North America, is in preliminary discussions with US-based private equity firms Apollo Global Management and Bain Capital over two possible buyout offers. The RPC statement came in response to a Bloomberg report saying the leading European packaging firm was in talks with potential buyers. The report valued the company at £2.8 billion, noting a 20% decline in RPC’s shares this year. RPC reported a 36.4% year-on-year increase in sales at £3.74 billion for the full year in 2017, with adjusted profit before tax up 36.1% at £389 million.

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2019/02/07 18:02

Profile for SA Plastics, Composites & Rubber

Southern African Polymer Technology  

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