LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Neste, the world’s largest producer of renewable diesel from waste and residues, jointly started the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.
The first-ever commercial flight to produce no landfill waste took to the skies last Wednesday, marking the start of Qantas’ plan to cut 100 million single-use plastics by end-2020 and eliminate 75 per cent of the airline’s waste by end-2021. All inflight products on board QF739, flying from Sydney to Adelaide and staffed by cabin crew from the Qantas ‘Green Team’, will be disposed of via compost, reuse or recycling.
“No, less, better plastic”. This is the mission of Unilever, one of the leading companies in the Food & Refreshment, Home, Beauty & Personal Care markets, in the fight against plastic. A complex challenge in which everyone must do their part given that, according to the Ellen MacArthur Foundation’s report on the “New Plastics Economy”, only 14% of the plastic packaging used worldwide reaches up to recycling plants and only 8% is actually recycled. Meanwhile, a third ends up in fragile ecosystems and 40% in landfills.
According to Market Analyst, the Global Bioplastics Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023. The market size of the Bioplastics will reach 3900 million $ by 2023, from 2960 million in 2018.
Italian Biotech company Bio-on and Innova Imagen, a company of the Himes Group, with operations in the textile sector in Mexico and the United States with particular attention to eco-sustainable innovation, signed an exclusive agreement to design the realization of the first plant in Mexico for the production of 100% natural and biodegradable bioplastic, obtained from agro-industrial residues and by-products. Continue reading
Bio-on, the Italian company active in the high-quality bioplastic sector, and Rivoira, one of the world’s leading manufacturers of high quality fruit and always careful on innovation, announced a strategic agreement to develop new materials for food packaging of fresh fruits and vegetables, even single use, with Zeropack S.p.A., founded by Bio-on and of which Rivoira acquired the 50%. The demand for new eco-sustainable materials for packaging is constantly increasing and consumers reward the choices of producers and distributors that respect the planet.
Italian company Bio-on and Sociedad Cooperativa General Agropecuaria, a Castilian-Leon cooperative which produces and markets sugar, food oils, biodiesel, various products for food animal and renewable electric energy, signed an agreement to begin a technical collaboration, the first in Spain, to study and evaluate the opportunity to exploit at industrial scale the Bio-on technologies for the production of PHA bioplastics from sugar beets processing co- and by-products.
BASF yesterday notified Avantium of its exit from their Synvina joint venture, effective 15 January 2019. Avantium continues to disagree with BASF’s interpretation of the joint venture agreement. The two companies are still discussing the terms and conditions of an exit.
Bio-on, a global leader in the high quality bioplastic sector, and Gruppo Hera, one of Italy’s largest multi-utility providers, reached an agreement to take 90% and 10% shares respectively (with the possibility of Hera increasing its share to 49.9%) in Lux-on, the new company founded by Bio-on aiming to revolutionise the production of PHAs biopolymers using CO2 captured from the atmosphere and producing energy without using fossil fuels.
Innovation within the bioeconomy needs a deep analysis of the market. We can identify and exploit trends and market needs. This article describes the need for market analysis in the bioeconomy sector, and provides insights on developments in biogas and bioplastics, for future market exploitations.