Mitsubishi Chemical Corporation will acquire two Swiss engineering plastics recyclers, Minger Kunststofftechnik AG and Minger Plastic AG (collectively, the Minger Group, headquartered in Appenzell, Switzerland), through its group company Mitsubishi Chemical Advanced Materials (MCAM; Head office: Zurich, Switzerland) as a part of the company’s efforts to promote the circular economy. The acquisition is expected to be completed by the end of February 2020.
The Minger Group has proprietary recycling technologies for engineering plastics like PEEK (Polyether Ether Ketone), PVDF (Poly Vinylidene DiFluoride) and nylon. It possesses a material collection network that spans a wide area of Europe, a track record of recycled material transactions with over 100 customers, and an established business model for recycling engineering plastics in the region.
The acquisition will allow MCC to establish an integrated business model for engineering plastics, from manufacturing to sales, machining, collection, and reuse. Going forward, the company will continue to strengthen its capability to propose solutions to users as a leader in the engineering plastics industry and will contribute to the realization of a recycling-based society.
By Mary Page Bailey
Source: Chemical Engineering
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
