UPM and Paramelt are developing bio-based food packaging.
UPM and Paramelt have unveiled a new packaging concept for the food industry, which consists of bio-based materials and offers strong grease barriers.
Read more " The British information service provider ICIS launched an online database for chemical recycling at the end of October 2021. This allows recycling targets and capacities of companies from all over the world to be viewed.
The targets set by brand owners and regulatory authorities have contributed to an increasing demand for recycled plastics worldwide, particularly for the Use in food and beverage packaging. However, the supply of high-quality, food-grade recycled polymer material remains limited. To assist the industry in effectively securing the supply of recycled resins suitable for these applications, ICIS has published the Recycling Supply Tracker - Chemical which provides FMCGs, chemical manufacturers, large processors and retailers with the most comprehensive overview of the emerging chemical recycling market.
Only 20 per cent of recyclers produce polymers
Many industry players have public sustainability targets and need to know the capacity in the market to ensure they can source the materials required to meet these targets. From 2021, the Global capacity for chemical recycling less than 2.5 million tonnes, including commercial and pre-commercial installations, with Asia-Pacific and North America being the leading regions. The ICIS Recycling Supply Tracker - Chemical provides up-to-date data, including existing capacity, production volume, process and feedstock, as well as details of the licensor and investors.
Chemical recycling processes can also be used to return plastic waste to its previous molecular state. The ICIS Recycling Supply Tracker - Chemical has found that, in terms of capacity, only around 20 per cent of the world's recyclers currently produce polymers as output from their chemical recycling plants.
“Preventing pollution of the world”
The ICIS Recycling Supply Tracker - Chemical is constantly updated with new projects and project developments and helps the industry to understand the pace of growth in this sector. Less than 30 per cent of the projects are currently in operation on a commercial scale, but more than half of the identified plants are expected to go into operation in the next three years.
„Plastic waste is one of the biggest problems facing society and the investment now being channelled into developing new technologies to tackle plastic waste could make a significant contribution to preventing pollution of the environment from used plastics.“ Louise Boddy, Head of Commercial Strategy, Sustainability at ICIS
The tracker, which is available via ICIS Digital, is the world's only interactive database of global chemical recycling projects. The tracker is based on 18 years of experience in the recycling market. The data is sourced and maintained by a team of analysts with extensive market knowledge and daily interaction with the market and provides the ability to filter, download and connect with suppliers.
Source: ICIS
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