Sustainability
"We've seen an incremental positive in bringing business back to North America from Asia," said Jean Sirois, strategic planning managing director with RTP Co. in Winona, Minn. "Sometimes it's been a transfer of business and sometimes it's been new business."
Dallas investment firm NexPoint Capital Inc. is investing $2 million in bioplastics maker PlantSwitch Inc., completing the latter's $7.7 million early growth funding round.
After a week spent at the plastics treaty talks, it seems clear that, challenges aside, it will have a major impact on the industry.
The big plastics treaty talks in Nairobi, Kenya, this month may have failed to meet hopes of advancing a global approach to sustainable plastics, but there were still some small wins.
A three-judge panel for the U.S. Court of Appeals' Sixth Circuit has thrown out a large class-action lawsuit filed by a Glendale, Ohio, firefighter against 10 chemical companies over exposure to PFAS chemicals.
Representatives of the small bioplastics sector were on hand at the latest round of plastics treaty talks in Kenya Nov. 13-19 to argue that negotiators were glossing over a key point: that their materials can cut the link between plastics and fossil fuels.
The Nov. 29 settlement resolves a February 2018 lawsuit brought against the chemical companies by the state of Ohio in Washington County regarding Chemour's Washington Works facility along the Ohio River.
Dow Inc. is moving forward with a $6.5 billion investment in sustainable materials — including polyethylene resin — in Fort Saskatchewan, Alberta.
As we head toward the end of 2023, compounders are uncertain but also debuting new products and adding jobs and machinery. Economic indicators are good, but orders for compounds and concentrates have slowed in recent months.
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