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US – Sappi North America has chosen Finnish company Valmet to supply an extensive rebuild for its Somerset PM2 paper manufacturing facility in Skowhegan, Maine, USA. Valmet received the contract to rebuild the PM2 after Sappi‘s North American business approved a US$418 million capital project to improve the paper machine in November last year. For the rebuilding, Valmet will deploy…
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US – Ardagh Metal Packaging North America (AMP – NA) is extending its already substantial product line for beverage brand customers by launching a new 19.2 oz.(568ml) beverage can. The new 19.2 oz. aluminum beverage can enable further retail differentiation for brands while delivering leading sustainability metrics. Expected to serve strong growth in the single-serve channel, the new addition represents…
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US – Rigid and flexible packaging solutions maker Nelipak has as announced it is using Eastman’s Eastar™ Renew 6763 to produce rigid thermoformed sterile barrier packaging. Nelipak claims to be the first healthcare packaging maker to use Eastar Renew 6763 to produce sterile barrier packaging for Class II & III medical device applications. According to Eastman, Eastar™ Renew 6763, powered…
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UK – American energy investment firm Energy Capital Partners (ECP) has completed the acquisition of British recycling company Biffa for US$2.59 billion (£2.1bn). Based in High Wycombe, Biffa claims to be a leader in sustainable waste management in the UK and focuses on improving the circular economy. With over 100 years of expertise, the company supports the entire waste management…
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SWEDEN – Finnish pulp and paper maker Stora Enso has signed an agreement with Sweden-based sawmill and planing mill company Sweden Timber to divest its paper production site in Hylte, and all its related assets. Expected to complete in the first half of this year, the enterprise value of this transaction is around US$19.5 million (€18m). Hylte is located in…
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US – German recycling company revalyu Resources has revealed plans to build a US$50 million recycling facility in Georgia, US. The company says that the polyethylene terephthalate (PET) recycling facility will be located in Statesboro and cover 43 acres. When the first phase of construction is completed, the plant will be able to process more than 225,000 pounds per day…
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UAE – Saudi chemical company SABIC has announced a target of making 1 million metric tonnes annually of its recycled-content TruCircle plastic by 2030. The firm stated its ambition to process 1 million metric tons of recycled-content resins annually at the January 2023 World Economic Forum Annual Meeting in Davos, Switzerland. At the event, Abdulrahman Al-Fageeh, CEO of the firm,…
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GLOBAL – Worldwide demand for fiber-based packaging is set to rise to US$503.4 billion in 2027 at a compound annual growth rate (CAGR) of 3.4%, Smithers’s study reveals. According to the study, the total weight of fiber packaging is set to rise to 316.3 million tonnes from 2022’s 264.4 million tonnes at a CAGR of 3.7%. According to Smithers, the…
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US – Michigan-based provider of sustainably packaged water, Boxed Water Is Better® has received CarbonNeutral® product certification from Climate Impact Partners, specialists in carbon market solutions for climate action. Boxed Water offers renewable packaged water alternatives to plastic bottles and aluminum cans. After conducting an independent assessment of the greenhouse gas emissions from its 500ml cartons, Boxed Water revealed that…
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PHILIPPINES – The Philippines has added a law to its Extended Producers Responsibility (EPR) Act of 2022 by the Department of Environment and Natural Resources (DENR), which requires businesses to recover their plastic packaging waste. Under the law, companies have the “responsibility for the proper and effective recovery, treatment, recycling or disposal of their products after they have been sold…
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