Plastics recycling markets in the EU and UK remain under significant pressure, with weak demand due to unclarity in regulations and low-cost virgin imports making the sector commercially uninvestable without policy changes.
The acquisition of DOMO EM follows the completion of Lone Star’s acquisition of RadiciGroup, with its High Performance Polymers and Specialty Chemicals business areas. The DOMO EM and RadiciGroup businesses will be combined and will then benefit from a broad and complementary product portfolio.
Trinseo PLC (Wayne, Pennsylvania), a producer of engineering resins, has struck a deal with its lenders for a comprehensive restructuring aimed at reducing the company’s debt by $2 billion, reducing its annual interest expense by $140 million and allowing it to operate from a positive free cash flow position.
Maximilian Peter will take over as Head of the Polymers division on May 1, 2026. The chemical engineer with a doctorate has been with the company since 2012. The previous head of the division, Peter Summo, will take over the management of the central Sales & Distribution division.
Bayer and BP are launching a long-term strategic collaboration to market the oilseed camelina under the Newgold brand for the production of biofuels. The companies will initially launch Camelina in North America. BP will contribute its expertise in fuels and refining, while Bayer will leverage its leading expertise in seed development and its extensive network in agriculture.
