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SABIC and the Korean petrochemical company, SK Global Chemical, have signed a 50-50 joint venture agreement in Seoul, South Korea - for a total investment of US$595 million - to manufacture a range of high-performance polyethylene products using SK’s Nexlene solution technology.
Gazprom Neft, SIBUR and Titan Group have signed an agreement to establish a joint venture based on Omsk Polypropylene Plant (Polium). As part of the deal, Sibgazpolimer, a joint venture of SIBUR and Gazprom Neft (each having a 50 per cent stake), acquired a 50 per cent stake in Poliom from Titan Group.
The Waste & Resources Action Programme (Wrap) has agreed to work with Valpak on two projects that will review existing estimates of market flows and recycling levels for plastics and metal packaging in the UK. The objective is to improve the levels of transparency in the recycling market.
The Austrian recycling-unit producer Artec Machinery and German extrusion system supplier, KraussMaffei Berstorff, have secured a cooperation agreement covering the technology portfolio 'Recycling-Compounder Equipment', which enables recycling and compounding to be combined in one process.