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THAILAND – Petrochemical company SCG Chemicals and Brazil chemicals group Braskem have announced the signing of a joint venture agreement to create Braskem Siam Company Limited. The new company will aim to produce sugar-cane-based bio-ethylene from bio-ethanol dehydration, which will then be used to produce I’m green bio-based polyethylene (PE). To that end, a new bio-ethylene plant will be built…
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AUSTRALIA – German developer of specialty paper for the packaging, Koehler Paper has provided its NexPlus packaging solution to support Australian tea brand Madura Tea’s efforts to transition to more sustainable packaging. The new packaging has been developed in collaboration with Germany-based Gundlach Packaging Group. As part of this latest effort, the tea producer has replaced all its metalized oriented…
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FRANCE – Thailand-based packaging producer Indorama Ventures has inked a deal with AMB to drive circularity in PET food tray packaging. The companies intend to manufacture recycled polyethylene terephthalate (rPET) flakes by recycling PET food tray packaging. These high-quality rPET flakes can then be used for producing new food packaging trays, contributing to a circular economy system. This collaborative effort…
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SOUTH AFRICA – JSE-listed packaging group Nampak has successfully concluded credit-approved term sheets with revolving credit facility and term loan lenders. The revised debt structure will comprise core and noncore debt at Nampak Products of R5 billion and Nampak International of R286-million and US$34.6 million. The debt overhang of R1.9 billion, primarily associated with legacy expansion activities in Angola and…
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