AKRON, OHIO (2:10 p.m. ET) — New capacity for recycled resins at a plant in Indiana is featured in this week's Material Insights video.
Petoskey Plastics is spending $3 million on the project, which will add 12 million pounds of capacity to its plant in Hartford City, Ind. Some of the resin will be used at Petoskey film and bag plants in Petoskey, Mich., where the firm is based, and in Morristown, Tenn. Petoskey also is spending about $6 million to add new fim and bag lines at those two plants.
Henkel AG's plans to build the world's largest plastic additives plant in Shanghai also is featured in this week's video. The 150,000-square-foot plant will have annual capacity of more than 900 million pounds for a variety of plastic additives. It represents an investment of more than $70 million for Henkel, which is based in Düsseldorf, Germany.
This week's video wraps up with a pair of bioplastics items. Renewable chemicals maker BioAmber Inc. of Minneapolis is building a 35 million-pound-capacity plant in Sarnia, Ontario, to make succinic acid, which can be converted into bioplastics for auto parts and plastic cutlery. In Barcelona, Spain, Iris Research & Development has devised a way to produce a bioplastic based on whey protein, which is a byproduct of cheese production. The new bioplastic is expected to be used in food and cosmetics packaging.