January 9, 2012
Updated North American sales total for polyethylene and polypropylene are featured in this week's Material Insights video. The sale of Spanish ABS maker Elix Polymers also is featured in this week's video. Styrolution -- a styrenics joint venture between BASF and Ineos -- sold Elix to financial firm Sun European Partners for an undisclosed price. The video wraps up with a pair of news items in the plastics-to-oil sector. In Boston, JBI Inc. CEO John Bordynuik has been charged with reporting false financial information regarding the firm, whoch operates a plastic-to-oil unit in Niagara Falls, N.Y. Plastics-to-oil firm Agilyx Corp. has fared better recently, receiving $25 million in additional investment funding, primarily from Keating Capital of Menlo Park, Calif. Agilyx operates a plastics-to-oil unit in Beaverton, Ore.