SINGAPORE (Reuters) – China’s already soaring plastic demand may rise even further as the government plans to ban waste-plastic imports by the end of this year, which will curb domestic plastic recycling.
The expected increase in plastic demand highlights the consequences of China’s pollution fight and its efforts to modernize its industry. As part of this drive, the world’s top importer of rubbish said in July that it would stop importing garbage by the end of this year.
To make up for the loss of recycled plastic, petrochemical producers and exporters to China from the Middle East, South Korea, Thailand and Singapore are expected to receive more orders for products including polyethylene, a thermoplastic found in almost everything from grocery bags to bubble wraps, pipes, medical devices and even bulletproof vests.
Danone’s Evian Vows to use 100 Percent Recycled Plastic in Bottles by 2025
Evian, Danone’s popular mineral water brand, on Thursday became the latest consumer goods group to undertake pledges on recycling plastic
Suntory Invests Additional $9m in Anellotech to Develop 100% Bio-Based Plastic Bottle
Suntory Holdings Ltd. has invested $9m in Anellotech’s Bio-TCat technology to pursue the development of a 100% bio-based PET beverage
Plastics Industry Association Releases Statement on Sustainability
The Plastics Industry Association (PLASTICS), which is based in Washington, has announced that it has adopted of its first-ever Sustainability
PolyOne Design Expertise and Advanced Materials Accelerate Innovation in Outdoor High Performance Industry
PolyOne Corporation (NYSE: POL) today announced that its continued investment in outdoor high performance design and materials
Berry Unveils Medical Packaging Innovations at MD&M West
Two innovative medical packaging products will be introduced by Berry Global Inc. (Evansville, IN) at Medical Design & Manufacturing (MD&M)
SEC Qualifies $25 Million Regulation A Capital Raise For TerraCycle U.S.
TerraCycle US Inc., the U.S. subsidiary of TerraCycle, Inc., announced that its $25 million Regulation A offering has been qualified
DSM appoints Gareth Barker as President of DSM Personal Care & Aroma Ingredients
Royal DSM, a global science-based company active in health, nutrition, and materials, today announced that Gareth Barker is appointed
Chris Bezaire to Retire as NOVA Chemicals Senior Vice President, Polyethylene Business and John Thayer Named as Successor
NOVA Chemicals Corporation (NOVA Chemicals) today announced that Chris Bezaire, senior vice president, Polyethylene business will retire