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GABON – The government of Gabon has equipped the public company Clean Africa with 46 new vehicles to facilitate the management of waste in Greater Libreville. Clean Africa has confirmed to have received 10 ampiroll trucks, six tippers and 30 refuse trucks that will facilitate waste collection in the councils of Oweno, Akanda, Ntoum and Libreville, the capital. The move…
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NETHERLANDS – Avantium and Henkel have signed an offtake agreement on furan dicarboxylic acid (FDCA) for adhesives to be used in electronics applications. Under the agreement, Avantium will supply Henkel with furan dicarboxylic acid (FDCA) produced in Avantium’s FDCA flagship plant, currently under construction in Delfzijl, the Netherlands. Avantium expects to start production at this world’s first commercial facility for…
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RUSSIA – Fiber-based packaging, pulp and paper product producer, International Paper has agreed to sell 50% stake in Ilim Group to its joint venture (JV) partners for a US$484 million equity value. The transaction is subject to regulatory approvals in Russia and values the company at US$3.5 billion. International Paper has also received an indication of interest from its JV…
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AUSTRALIA – Melbourne-based startup, Fungi Solutions has developed what it claims to be “Australia’s first” mushroom-based packaging from landfilled waste. The start-up packaging company aims to divert organic waste from landfills, marking it as the first business in Australia to convert fungi into packaging. The converting process combines fungi with organic waste to grow and create compostable packaging. After use,…
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US – German producer of polyurethane and polycarbonate-based raw materials, Covestro has appointed Samir Hifri as the new chairman and president of Covestro LLC, its U.S. operations, effective July 1. Hifri will lead the US operations of the global company, headquartered in Leverkusen, Germany, succeeding Haakan Jonsson, who will retire after 30-plus years of service with Covestro. “I’m both humbled…
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US – Pharmaceutical film coatings firm Colorcon has inked a put agreement to purchase French Airnov Healthcare Packaging from private equity firm Arsenal Capital Partners. The transaction, which is subject to French Works Council review and subject to necessary regulatory approvals, could close during the first quarter of 2023. Airnov offers critical healthcare industries controlled atmosphere packaging solutions to protect…
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