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Amcor Lift-Off to accelerate more sustainable packaging innovation with Winter 2025/26 Challenge
Prnewswire· 2025-11-18 16:05
Core Insights - Amcor has launched the Amcor Lift-Off Winter 2025/26 Challenge to invite global start-ups to develop sustainable packaging solutions, emphasizing the company's commitment to open innovation and circularity [1][3][5] Group 1: Challenge Details - The challenge will focus on critical research and development priorities for flexible and paper-based packaging [2][3] - Start-ups are encouraged to submit solutions in three key areas, including home-compostable adhesives, high-performance compostable oxygen transmission rate barriers, and nature-based barrier additives for film formulation [7] Group 2: Participation and Investment - Incorporated companies with a Technology Readiness Level (TRL) above five can apply, regardless of their prior funding history [4] - Selected start-ups will have the opportunity to present their technologies to Amcor's R&D team and may secure joint development opportunities and potential investments of up to $500,000 [4] Group 3: Company Overview - Amcor is a global leader in responsible consumer packaging, generating $23 billion in annualized sales from operations across over 400 locations in more than 40 countries [6]
Technip Energies Announces End of Share Buy-Back Program
Globenewswire· 2025-11-17 17:00
Technip Energies N.V. (PARIS: TE) (the “Company”) announces the completion of its share buy-back program, which launch was announced in a press release dated May 12, 2025. Between June 30, 2025, and November 13, 2025, the Company acquired 1,265,324 of its own shares (representing 0.71% of the share capital), at an average price per share of 35.56 euros. As announced in the press release dated May 12, 2025, the shares acquired under the share buy-back program will be used to meet the Company's obligations u ...
Technip Energies Announces End of Share Buy-Back Program
Globenewswire· 2025-11-17 17:00
Technip Energies N.V. (PARIS: TE) (the “Company”) announces the completion of its share buy-back program, which launch was announced in a press release dated May 12, 2025. Between June 30, 2025, and November 13, 2025, the Company acquired 1,265,324 of its own shares (representing 0.71% of the share capital), at an average price per share of 35.56 euros. As announced in the press release dated May 12, 2025, the shares acquired under the share buy-back program will be used to meet the Company's obligations u ...
Spain Becomes Europe's Proof Engine as SMX and CARTIF Reinvent Circularity
Accessnewswire· 2025-11-14 17:20
Core Insights - Every region that experiences growth eventually faces the challenge of proving historical events, particularly in the context of sustainability [1] Industry Implications - Europe has reached a critical juncture where regulators are linking economic incentives to measurable sustainability outcomes [1]
These Countries and Global Brands Are Betting Big on SMX
Accessnewswire· 2025-11-05 19:30
NEW YORK, NY / ACCESS Newswire / November 5, 2025 / Every industry eventually faces its accountability moment. For decades, companies could talk about sustainability, traceability, and circularity without ever proving it. ...
SMX and CARTIF Plan to Make Spain the EU's "Capital of Verified Circularity"
Accessnewswire· 2025-11-05 16:15
NEW YORK, NY / ACCESS Newswire / November 5, 2025 / Every generation reaches a point when progress demands proof. For Europe, following Singapore's unprecedented action to usher in circularity, that moment is now. ...
Spain's Breakthrough Partnership With SMX Turns Circularity Into Currency
Accessnewswire· 2025-11-04 19:30
NEW YORK, NY / ACCESS Newswire / November 4, 2025 / Europe's green economy just got its first real ledger. Not the kind filled with estimates, pledges, or recycled buzzwords, but one written in chemistry, code, and truth. ...
LyondellBasell (LYB) Q3 2025 Earnings Transcript
Yahoo Finance· 2025-11-01 20:48
Core Insights - LyondellBasell Industries N.V. reported strong third-quarter results, achieving a cash conversion rate of 135% and is on track to meet its $600 million cash improvement target by year-end [1][22]. - The company anticipates an increase in cash flow of at least $1.1 billion by the end of 2026, driven by ongoing operational improvements and strategic initiatives [1][20]. Financial Performance - Earnings per share for the third quarter were $1.01, with EBITDA reported at $835 million and cash from operating activities at $983 million [5][22]. - The company returned $443 million to shareholders through dividends during the quarter [5][22]. - Year-to-date cash generation improved significantly, with a total of $2.7 billion generated from operating activities over the past year [22]. Market Trends - Polyethylene (PE) demand is showing signs of recovery, with North American demand up 2.5% year-to-date compared to 2024, and European volumes up approximately 3% year-on-year [6][10]. - The global polyethylene market has consistently grown at a rate of over 3% for the past 35 years, driven by factors such as population growth and urbanization [9][10]. - Emerging markets, particularly in India and Africa, present significant long-term growth opportunities for polyethylene consumption [11]. Supply Dynamics - The global ethylene supply landscape is undergoing significant changes, with over 21 million tons of ethylene capacity expected to be closed or idled by 2028, representing about 10% of global supply [12][14]. - Capacity rationalization is particularly pronounced in Asia, with South Korea and Japan announcing substantial closures [12][13]. - The company is strategically positioned to benefit from these supply-side changes, focusing on cost-advantaged regions and enhancing operational efficiency [14]. Segment Performance - The Olefins and Polyolefins Americas segment reported EBITDA of $428 million, a 35% increase quarter-on-quarter, supported by improved demand and operational efficiency [26]. - The Advanced Polymer Solutions segment achieved EBITDA of $47 million, demonstrating resilience despite challenges in the automotive market [37]. - The Intermediates and Derivatives segment saw a sequential increase in EBITDA to $33 million, driven by improved margins in oxyfuels [33]. Strategic Initiatives - The company is committed to a disciplined capital allocation strategy, reducing 2026 capital expenditures to $1.2 billion while focusing on safe and reliable operations [18][19]. - Progress on the cash improvement plan is on track, with $150 million in fixed cost reductions achieved year-to-date [20][21]. - The construction of the Moertek One chemical recycling facility in Germany is ongoing, with major equipment deliveries underway [31].
Goldstrom Partners with SMX to Deliver End-to-End Traceability and Circularity in Precious Metals
Accessnewswire· 2025-10-29 12:00
Core Insights - SMX (Security Matters) PLC has entered into an Advisory Agreement with Goldstrom Advisory FZCO to enhance its product offerings in the gold and silver supply chain [1] Company Developments - The Advisory Agreement will enable Goldstrom Advisory to assist SMX in developing products related to the refining business and physical precious metals trading activities [1] Industry Impact - This collaboration aims to strengthen SMX's position in the global market for physical precious metals, particularly in the context of blockchain-backed digital product passports [1]
Tereos, LVMH Gaïa to scale plant-based polymer with Avantium technology
Yahoo Finance· 2025-10-28 11:48
Core Insights - A consortium is being formed by Avantium, Tereos, and LVMH to accelerate the industrial-scale production of polyethylene furanoate (PEF), a polymer derived from plant-based feedstocks [1][4] - The collaboration aims to establish the first industrial-scale PEF facility in Europe, utilizing Avantium's proprietary YXY Technology and Tereos' plant-based feedstock [2][5] - The initiative is part of a broader movement towards renewable materials and aims to reduce reliance on petrochemical plastics in various sectors [3][5] Group 1: Consortium Formation - The consortium, named releaf, will focus on producing PEF for applications in fashion and industrial fibers [1] - The partnership will also seek to expand membership by including additional strategic partners over time [2] Group 2: Technological and Environmental Goals - The process involves converting renewable plant-based materials into furandicarboxylic acid (FDCA), essential for PEF production [2] - The collaboration reflects a commitment to sustainable practices, aligning with Tereos' goals in green chemistry and LVMH's environmental programs [6] Group 3: Industry Impact - The initiative aims to strengthen the supply and demand ecosystem for renewable polymers across multiple sectors, including food and beverage packaging, cosmetics, and fashion [3] - The PEFerence initiative, which preceded this agreement, focused on transitioning from fossil-based to plant-based polyesters, supporting regulatory movements towards circularity [5]