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LG Chem Expands Eco-Friendly Plastic Production: LG Chem in South Korea announced plans to expand its production of bio-based and biodegradable plastics by the end of 2024 to meet the growing demand in European and North American markets (Climate Home News).
Reliance Industries of India Plans to Increase Recycling Capacity: Reliance Industries has committed $1 billion to increase its plastic recycling capacity by 50% over the next five years to address the rising global demand for recycled plastics (Taiwan News).
Michigan Approves New Plastic Recycling Plant: The Michigan state government has approved a new investment to build a facility dedicated to processing and recycling mixed plastic waste, with full operation expected by 2026 (Climate Home News).
China Petrochemical Corporation (Sinopec) Introduces Degradable Plastics: Sinopec announced a new range of degradable plastic products targeted at the food packaging industry, designed to comply with increasingly stringent environmental regulations in both domestic and international markets (Taiwan News).
TotalEnergies Accelerates Bioplastics Research: TotalEnergies is increasing its investment in bioplastics research over the next three years, with plans to launch a new line of bio-based plastic products by 2027 (Cambridge University Press & Assessment).
Global Plastic Waste Management Summit Held in Brussels: Government representatives and industry leaders from around the world gathered in Brussels to discuss innovative technologies and policies to manage and reduce plastic waste more effectively (Climate Home News).
IKEA to Use 100% Recycled Plastics for All Products: IKEA announced that by 2030, all its plastic products will be made entirely from recycled materials, and it will cease selling single-use plastic items (Cambridge University Press & Assessment).
U.S. 3D Printing Plastic Market Breakthrough: 3D Systems and HP have partnered to release new high-performance 3D printing plastics designed for the aerospace and medical sectors, offering improved strength and heat resistance (Taiwan News).
Eni Announces Carbon-Neutral Plastic Initiative: The Italian energy company Eni has launched a new "Green Plastics" program with the goal of achieving carbon neutrality in its plastic production by 2035 (Taiwan News).
Brazil's Plastic Recycling Rate Increases to 25%: Brazil's Ministry of Environment reported that the country's plastic recycling rate reached 25% in 2023, driven by mandatory recycling policies and active corporate participation (Climate Home News).
October 30, 2023
August 16, 2024
Sustained Growth in Demand for Plastic Pipes The global plastic pipe market size continues to expand, with a market value of approximately 37.34billionin2023,expectedtoexceed51 billion by 2029,...
Global Plastic Pollution Control Initiatives Accelerate: Multiple countries' experts have expressed appreciation for the "Replace Plastics with Bamboo" initiative, believing it will help reduce...
Global Plastic Treaty Negotiations: Talks on a global treaty to combat plastic pollution concluded in Nairobi with significant divisions. While many nations support strong measures, others are...
U.S. Plastics Demand Growth: The Plastics Industry Association reported a 1.4% increase in U.S. plastics demand from April to May 2024, reaching $22.8 billion. This marks a 3.5% year-over-year growth...
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October 30, 2023
August 16, 2024
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.