Amcor predicts major emissions reduction in PET containers
Amcor Rigid Packaging is advancing toward a 70% reduction in greenhouse gas emissions for PET containers. Key drivers include increased post-consumer resin use, container lightweighting, improved processing, new additives, and cleaner energy. This shift, highlighted at Pack Expo 2024 in Chicago, underscores the packaging industry’s commitment to sustainability amid increasing consumer demand for eco-friendly products. Read more on our 2024 blow molders ranking.
PFAS alternatives gaining momentum across plastics sector
The push for PFAS-free alternatives in plastics is accelerating, with companies like Baerlocher GmbH and Ingenia Polymers adopting new chemical substitutes. At a recent Society of Plastics Engineers conference, industry leaders reported rapid progress, with transitions that typically span a decade occurring within months. This swift change signifies the industry's commitment to addressing environmental and health concerns.
Preparing for potential impact of a second Trump administration
The return of Donald Trump to the presidency brings concerns for the plastics industry around environmental and trade policies. With a critical plastics treaty negotiation scheduled in South Korea later this month, changes in U.S. policy could significantly impact regulations on chemical recycling and single-use plastics. Industry leaders are cautiously monitoring these developments.
Recycled PET prices see increases
Recycled PET pellet prices are on the rise in North America due to heightened demand, fueled by recent hurricane impacts. Clear post-consumer PET pellets have increased by 2 cents per pound, while green pellets saw a 1-cent increase. As emergency shipments drive demand, analysts predict a potential decline in early 2025 as demand stabilizes. Learn more in this week's Material Insights and sign up for the next Polymer Points Live on Nov. 20.
Viant Medical expands with acquisition of Knightsbridge Plastics
Viant Medical Inc. has acquired Knightsbridge Plastics, a micro-molding specialist, expanding its capabilities in medical device manufacturing. This acquisition enhances Viant’s offerings in high-precision injection molding for next-generation medical components. The move strengthens Viant's position in the medical device market, with expectations for seamless integration into their existing services. Find more of the latest deals in our M&A tracker.
