TA’ZIZ and Alpha Dhabi Holding have signed a strategic collaboration agreement for an estimated $10 billion (AED36.7 billion) investment in industrial chemicals production in Abu Dhabi, including several materials widely used in packaging manufacturing and converting applications. The agreement, announced during the Make it in the Emirates platform, targets …
SML launches FlexiPET extrusion line for PET thermoforming sheet applications
SML has announced the launch of the FlexiPET, a new production-scale demonstration line for thermoforming sheet located at SML’s Technology Centre. The co-extrusion sheet line is configured for a classic 3-layer structure (A/B/A), while also offering the flexibility to operate as a 2-layer line (A/B) as required. The sheet …
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SABIC restructures portfolio through divestment of petrochemicals and engineering plastics businesses
SABIC has announced plans to streamline parts of its global chemicals portfolio through the divestment of selected business units, as the company seeks to strengthen long-term growth and capital efficiency. The Saudi-based chemicals producer confirmed that it has signed agreements to sell its European petrochemicals business to investment firm AEQUITA …
ExxonMobil, Alpine, and IMA Ilapak Team Up to Innovate Recyclable Cheese Packaging
In a move aimed at addressing growing sustainability demands and upcoming regulations like the European Packaging and Packaging Waste Regulation (PPWR), ExxonMobil has partnered with Hosokawa Alpine and IMA Ilapak to develop an innovative, recyclable cheese packaging solution. The collaboration is part of ExxonMobil’s new Signature Polymers portfolio, which consolidates its polyolefin products under a …
SIBUR Launches New LLDPE Grade for Blown Film Applications in Turkey
SIBUR has introduced a new linear low-density polyethylene (LLDPE) grade specifically engineered for blown film applications, aiming to expand its reach in the Turkish flexible packaging market. Blown film technology involves inflating molten polyethylene into a thin film bubble, which is subsequently cooled and rolled. This method is widely used …
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Dow Launches INNATE™ TF 220 Resin, Advances PCR Use in Packaging Collaboration with Liby
Dow has announced the launch of its INNATE™ TF 220 Precision Packaging Resin, a high-density polyethylene innovation designed to support recyclable mono-material packaging and enable high-performance biaxially oriented polyethylene (BOPE) films. The company also confirmed a new collaborative effort with Liby, a prominent Chinese laundry detergent brand, integrating 10% REVOLOOP™ post-consumer …
UFlex Launches FSSAI-Approved rPET Pellet for Food Packaging
UFlex, a major flexible packaging manufacturer, has introduced a new single-pellet resin that blends recycled PET with virgin PET for direct use in food and beverage packaging. The innovation meets India’s new food safety and sustainability regulations and could significantly ease the transition to recycled content for FMCG brands across the MEA region. …
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100% Recycled Content: Berry Global and Mars Launch Fully Sustainable Packaging
Berry Global and Mars have announced the switch of Mars’ pantry jars for M&M’S®, SKITTLES®, and STARBURST® brands to 100% recycled plastic, excluding the jar lids. This update follows a 2022 launch of jars made with 15% recycled plastic, marking a significant step in their ongoing sustainability collaboration. The new jars, available in 60-, 81-, …
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Borouge reports $1.24 billion net profit for FY2024, driven by record production and sales
Borouge Plc reported a 24% year-on-year increase in net profit for 2024, reaching $1.24 billion. The rise was supported by record production levels of 5.2 million tonnes and sales volumes of 5.3 million tonnes, driven by strong demand for the company’s polyolefin solutions. The company recorded an industry-leading EBITDA margin of 41%, with …
SONGWON partners with Altek International for PVC distribution in the Middle East
Songwon Industrial Co., Ltd. has partnered with Altek International FZE to expand the availability of PVC stabilizers in the Middle East. Effective January 1, 2025, the collaboration aims to address the region’s growing demand for PVC solutions in industries such as construction, packaging, and electrical. SONGWON, headquartered in South Korea, is a global …
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