Plastic News

LG Chem Expands Eco-Friendly Plastic Production: LG Chem in South Korea announced plans to expand its production of bio-based and biodegradable plastics by the end of 2024 to meet the growing demand in European and North American markets​ (Climate Home News).

Reliance Industries of India Plans to Increase Recycling Capacity: Reliance Industries has committed $1 billion to increase its plastic recycling capacity by 50% over the next five years to address the rising global demand for recycled plastics​ (Taiwan News).

Michigan Approves New Plastic Recycling Plant: The Michigan state government has approved a new investment to build a facility dedicated to processing and recycling mixed plastic waste, with full operation expected by 2026​ (Climate Home News).

China Petrochemical Corporation (Sinopec) Introduces Degradable Plastics: Sinopec announced a new range of degradable plastic products targeted at the food packaging industry, designed to comply with increasingly stringent environmental regulations in both domestic and international markets​ (Taiwan News).

TotalEnergies Accelerates Bioplastics Research: TotalEnergies is increasing its investment in bioplastics research over the next three years, with plans to launch a new line of bio-based plastic products by 2027​ (Cambridge University Press & Assessment).

Global Plastic Waste Management Summit Held in Brussels: Government representatives and industry leaders from around the world gathered in Brussels to discuss innovative technologies and policies to manage and reduce plastic waste more effectively​ (Climate Home News).

IKEA to Use 100% Recycled Plastics for All Products: IKEA announced that by 2030, all its plastic products will be made entirely from recycled materials, and it will cease selling single-use plastic items​ (Cambridge University Press & Assessment).

U.S. 3D Printing Plastic Market Breakthrough: 3D Systems and HP have partnered to release new high-performance 3D printing plastics designed for the aerospace and medical sectors, offering improved strength and heat resistance​ (Taiwan News).

Eni Announces Carbon-Neutral Plastic Initiative: The Italian energy company Eni has launched a new "Green Plastics" program with the goal of achieving carbon neutrality in its plastic production by 2035​ (Taiwan News).

Brazil's Plastic Recycling Rate Increases to 25%: Brazil's Ministry of Environment reported that the country's plastic recycling rate reached 25% in 2023, driven by mandatory recycling policies and active corporate participation​ (Climate Home News).