Welcome to the Plastics Weekly, NEO’s regular news monitoring of the plastics industry.
Every week, we publish a roundup of the top developments in plastics and sustainability – from regulatory changes to company news.
This week’s highlights:
- India’s Reliance Industries Ltd (RIL) has developed a bio-degradable and compostable polymer – Polybutylene Adipate Terephthalate (PBAT) – to replace fossil fuel-based raw materials with a sustainable substitute. The move follows a recent ban on single-use plastics in India. RIL is producing PBAT on a pilot basis and plans to commercialize it soon, including in green packaging solutions. (Polymer Update)
- Dubal Holding, the investment arm of the Dubai Government in the commodities, energy,and industrial sectors; Quantafuel, a technology-based recycling company, and global chemical company BASF have partnered to carry out a front-end engineering design (FEED) for developing a Plastics-to-Liquid (PtL) processing plant in Dubai. The FEED for the development of the 80,000 tonnes per year plant will be done in 2022, with the potential final investment decision scheduled for early 2023. The project marks a major step towards a circular economy, converting low-quality, non-recyclable plastics into valuable products and helping Dubai reach its goal of zero waste going to landfill by 2030. (Zawya)
- Saudi chemical manufacturing giant SABIC sees the global recycled plastics market surging to $46 billion by 2026, according to the company’s vice president and regional head of South Asia and Australia. The growing global emphasis on environmental sustainability is fueling a boom in the recycled plastics market, but questions remain over feedstock costs and accreditation consistency. With demand ever-increasing, new sources of feedstock will be needed to sustain the industry’s growth. (S&P Global)