All plastics industry news – Plastics Information Europe

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Companies

LUKOIL Italy puts refinery in Sicily under trusteeship / Sufficient supply of non-Russian crude to keep the refinery going for “several months”	07.12.2022
SABIC Agreement for chemical recycling with Synova, Technip / Olefins and aromatics from plastics waste	07.12.2022
AZELIS Acquisition of New Zealand's Chemiplas Agencies / Growth in Asia-Pacific, Australasia	07.12.2022
HONEYWELL First chemical recycling facility in Egypt / Agreement signed with Environ Adapt	06.12.2022
TORAY Significant expansion for carbon fibres in France / EUR 100 mn investment	05.12.2022
VENATOR Titanium dioxide sales slump 25% / Company cashes in iron oxide pigments and US plant	02.12.2022
BORYSZEW Outline of plastics strategy for automotive supply / More components for e-mobility	02.12.2022
PEKUTHERM German recycler to add 25% more capacity for PMMA reprocessing	01.12.2022
NESPRESSO Paper-based coffee capsules as of 2023 / Barrier layer and lid in biopolymer	30.11.2022
MITSUBISHI CHEMICAL End of MMA production in UK? / Plant profitability issues remain / Work at US facility postponed	30.11.2022

People

BASF Alexander Gerding appointed country head for India / Matthias Dohrn responsible for global procurement	01.12.2022
BRASKEM Change of leadership at Brazilian polyolefin group	30.11.2022
BOREALIS Britta Warnke takes charge of automotive compounds	23.11.2022
ELIPSO Bouquet named general secretary of French plastics packaging association	16.11.2022
POLYVIA French processors' association appoints Xavier Chastin as general director	13.10.2022

Industry

PACKAGING Proposed EU quotas on reusable plastics are incomprehensible, says Germany's IK / Reusable quotas for beverages not ambitious enough, says NGO	07.12.2022
ELECTRONIC WASTE RECYCLING WEEE shipment rules: European trade bodies seek simplification in Basel Convention amendments	06.12.2022
PACKAGING EU draft law sets targets for reuse, recycling / Goal is to cut packaging waste / Chemical recycling to count towards reclaim quotas / Trade groups raise concerns	05.12.2022
TITANIUM DIOXIDE EU general court overturns ECHA's classification as a carcinogen / Industry groups welcome decision / Market weakness	29.11.2022
PLASTICS AND CLIMATE Plastics under attack at COP27 / UN agencies blame materials for waste, climate change / Official says, 'The future is not plastic'	22.11.2022
PACKAGING Trade associations criticise EU packaging waste proposal / Targets said to lack scientific support / Call for guidelines based on ecological impacts	22.11.2022
ITALY Forza Italia agrees to cancel plastic tax / Converters' association says levy could put excessive burden on the industry	21.11.2022
PLASTICS AND ENVIRONMENT NGOs raise concerns on EU's revision to waste legislation / Circularity rate of 8.6% “dangerous for Europe's future”	21.11.2022
PLASTICS AND CLIMATE Net-zero plans not enough to keep global warming at 1.5C / Faster decarbonisation action, focus on cutting consumption priority – ZWE report	18.11.2022
PLASTICS AND ENVIRONMENT EMF says most firms to miss 2025 packaging targets / PCR use generally higher in 2021 / Virgin plastics consumption back to 2018 levels / Global progress report	16.11.2022

Markets

PETROCHEMICAL MARKETS PC, MDI: Covestro declares force majeure following outage in Uerdingen, Germany	07.12.2022
RUSSIA EU sanctions on Moscow's crude oil exports, price cap come into force / Domestic PP demand at record lows / Southeast Asian imports flood the market	06.12.2022
PLASTICS AND ENERGY Germany, Qatar announce LNG deal / Gulf state to supply some 2 mn t/y from 2026 / ConocoPhillips tapped as shipper	05.12.2022
LOGISTICS The Kiel Canal is closed / Striking truck drivers in South Korea threatened with fines / Container prices continue to fall	01.12.2022
EUROPEAN ECONOMY Eurozone inflation drops more than expected / Has the peak passed? / Volatile energy prices remain focus	01.12.2022
TURBINE BLADES European wind industry growth drives need for recycling / Trade group calls for landfill ban on used blades / Leading market players eye 100% recyclability	01.12.2022
STYRENE Infringement of cartel ban: EU competition regulators impose million-euro fines	29.11.2022
MANUFACTURING Economic indicators in Europe show surprise gains / Recession still coming, analysts warn	28.11.2022
MEDICAL DEVICES Global market disruptions burden industry / New medtech supplier from remaining Benvic companies / Sustainability at the fore for PPE, surgical instruments	28.11.2022
PU MARKET Economic uncertainties dampen demand in EMEA and Americas / Production static in Europe in 2022 but up in Americas / IAL Consultants reports	25.11.2022

Production and Engineering

WIS KUNSTSTOFFE Polyolefin recyclate for cosmetics packaging / Toy, food contact certification in progress	06.12.2022
LYONDELLBASELL US resin maker teams up with Audi to use chemical recycled plastics for automotive interior parts	01.12.2022
SABIC PC-based copolymer resin for photovoltaic connectors	01.12.2022
AVERY DENNISON CO2 emissions reduction with switch to reusable plastic pallets / Partnership with Tosca in the EU, UK	23.11.2022
E&E RECYCLING New protocols on recovery, reuse, ecodesign for E&E components / Multinational C-Servees project	18.11.2022

Management

MANAGEMENT Soaring Asian write-offs hit liquidity / Use of trade credit rises / Strong financial management needed / Atradius report	07.09.2022
MANAGEMENT N. American firms take steps to reduce credit risks / Fewer days between invoicing, payment / Atradius report	25.08.2022
GLOBAL TRADE Insolvencies forecast to rise 10% this year, 14% in 2023 / Number of fragile companies in Europe contained / Allianz Trade report	01.07.2022
PLASTICS AND FINANCE Consultant Brand Finance rates “most valuable” and “strongest” chemical brands / BASF, DuPont, Rongsheng, and Ineos in prominent positions	13.06.2022
MANAGEMENT Ukraine war, related sanctions to boost German insolvencies / Plastics industry likely to suffer more than general economy	20.04.2022

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Date of print: 07/12/2022
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