ExxonMobil Introduces Certified Recycled Polymers Using Exxtend Advanced Recycling Technology for The First Time | ChemAnalyst



ExxonMobil on 24th February announced in a news release, about its first commercial sale of certified circular polymers, which is based on the Exxtend technology for improved recycling of plastic waste. the buyer is Berry Global, which uses circular polymers to make containers for high-performance food-grade packaging using a mass balancing technique. Exxtend technology helps consumers recycle a wider range of plastic materials while retaining product performance across several recycling loops. The approved circular polymers have the same product quality and performance as polymers made from virgin raw materials, allowing for a wider range of customer applications.

Read Full News @ https://www.chemanalyst.com/NewsAndDeals/NewsDetails/exxonmobil-introduces-certified-recycled-polymers-using-advanced-recycling-technology-9265

ExxonMobil's advanced recycling facility is situated in Baytown, Texas. Since its inception in 2021, the plant has processed more than 4 million pounds of plastic garbage. Once, its expansion is completed later this year, the Baytown facility will be one of North America's largest advanced plastic waste recycling operations, with a capacity to recycle 30,000 metric tonne of plastic garbage. ExxonMobil’s advanced recycling capabilities can be easily scaled to recycle a wide range of plastic trash by leveraging the company's existing facilities.

Advanced recycling can assist consumers in achieving their sustainability objectives and speeding up the transition to a more circular economy. The International Sustainability and Carbon Certification Plus (ISCC PLUS) is widely regarded in the industry as a reliable system for certifying product circularity based on enhanced recycling and mass balance attribution of plastic waste.

As per ChemAnalyst, “prices for Recycled polymers are expected to go up in the next months. The market demand for Recycled polymers food grade is predicted to rise because of major FMCG firms' commitments to use recycled content in packaging. The strong demand for packaged goods is predicted to drive up the usage. Meanwhile, a rise in natural gas energy prices in the European region is predicted to raise the cost of converting virgin to recycled material. “

Comments

Post a Comment

Popular posts from this blog

Chemical Mechanical Planarization Slurry Market is Estimated to Grow at a CAGR of 5.03% by 2035 | ChemAnalyst

Image
According to ChemAnalyst report, “ Chemical Mechanical Planarization (CMP) Slurry Market  Analysis: Type, End Uses, Distribution Channel, Regional Demand, 2015-2035 ,” Chemical Mechanical Planarization (CMP) Slurry market witnessed a demand of around 53.98 thousand tons globally in 2021 and is anticipated to grow at a significant rate with a healthy CAGR of 5.03% until 2035 owing to its surging demand in Electronic Sector. Read Full Report Here @  https://www.chemanalyst.com/industry-report/chemical-mechanical-planarization-cmp-slurry-market-680 Chemical Mechanical Planarization (CMP) Slurry are dispersions in liquid form which contain micro-abrasive grains and active compounds for chemical mechanical planarization of semiconductors and microchips. Chemical mechanical planarization is a process of polishing the surface, and it involves chemical treatment and abrasive removal. Chemical Mechanical Planarization (CMP) Slurry are formed from dispersed nanosized abrasive grains in ...
Read more

Mono Ethylene Glycol (MEG) Market (CAGR of 4.60%) 2030 - Growth, Trends, and Forecasts, Demand & Supply

Image
According to ChemAnalyst report, “ Mono Ethylene Glycol Market : Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030 ”,   Mono Ethylene Glycol market has witnessed a demand of 27.64 million tons in 2020 and the market is anticipated to grow at a significant rate with a healthy CAGR of 4.60% through the forecast period 2030, owing to the wide range applications of MEG and its derivatives in several end-use industries such as Textile, Packaging, Cosmetics, Pharmaceuticals, Food and Beverage, Automobile, Chemicals, Adhesives & Sealants and Others. Read Full Report Here:  https://www.chemanalyst.com/industry-report/mono-ethylene-glycol-meg-market-646 Mono Ethylene Glycol also known as MEG, 1,2-ethanediol, & EG, is a colorless, odorless, and slightly viscous organic compound with a sweet taste. It is miscible with water, most...
Read more

Fluorspar Prices, News, Demand & Supply | ChemAnalyst

Image
In the fourth quarter of 2023,  Fluorspar prices  in Mexico exhibited a volatile pattern. Initially, heightened demand from the construction sector and US market inquiries drove the market. Additionally, limited availability of finished Fluorspar stocks further fueled price increases. Mexico experienced a notable impact, with increased inquiries from the construction and Hydrofluoric Acid industries. Fluorspar availability in Mexico met demand from manufacturing firms, yet low operating rates and a year-end slowdown in mining activities escalated supply-side pressures. Subsequently, Fluorspar prices in the Mexican market dropped. Reduced demand from the construction sector contributed to this decline. Furthermore, insufficient inquiries from refrigerant industries during the winter season failed to support price increases. Consequently, suppliers were compelled to lower prices to stimulate demand and clear excess stock. By the end of the quarter, the price of Fluorspar in Mexi...
Read more