On the call, management said it expects the India plant to have roughly five to six customers in total. Solomita said Loop currently has Tyrell Plus and Nike under contract and is in discussions with additional consumer packaged goods (CPG) and apparel companies to secure offtake commitments to fully contract the facility’s capacity.During the quarter, Loop executed a supply contract with Nike to serve as an anchor customer for the India facility. Solomita described the agreement as providing a fixed annual ...

Appointments in Finance Leadership - Marqeta appointed Patti Kangwankij as finance chief effective Feb. 9, 2025, succeeding Mike Milotich who became CEO in September 2025 [2] - Josh Borfitz was promoted to senior associate athletic director and CFO of the University of North Carolina Athletics, succeeding Martina Ballen who is retiring after 38 years [3] - Loop Industries named Spencer Hart as CFO effective Jan. 15, 2025, with interim CFO Mike De Notaris continuing as vice president of corporate development [4] - Green Plains appointed Ann Reis as CFO, replacing Phil Boggs who has held multiple finance leadership roles for 16 years and has been CFO since November 2024 [5] Background of New Appointees - Patti Kangwankij has a background in finance from Roofstock and Stripe, and previously worked at JPMorgan Chase for 14 years [2] - Josh Borfitz has been part of the Carolina Athletics' financial leadership for eight years and previously worked as a CPA with PwC [3] - Spencer Hart has been on Loop's board since February 2025 and has experience as a senior managing director at Guggenheim Securities [4] - Ann Reis has over 20 years of experience in agribusiness, energy, and financial services, previously serving as CFO at Southwest Iowa Renewable Energy [5]

Core Insights - PureCycle Technologies, Inc. has appointed Valerie Mars to its Board of Directors, effective January 1, 2026, bringing extensive experience in corporate development and sustainability [1][2][3] Group 1: Appointment Details - Valerie Mars is a fourth-generation member of the Mars family and has over 30 years of experience at Mars, Incorporated, where she served as Senior Vice President and Head of Corporate Development [2] - Mars holds a bachelor's degree from Yale University and a master's degree from Columbia Business School [2] Group 2: Strategic Alignment - PureCycle's CEO, Dustin Olson, highlighted Mars' advocacy for sustainable business practices and her role in initiatives like Mars' 'Sustainable in a Generation' plan, which aims to reduce the use of virgin plastics and carbon footprint [3] - Mars expressed her commitment to sustainability and her enthusiasm for contributing to PureCycle's mission, particularly after witnessing the company's innovative recycling technology in action [3] Group 3: Company Overview - PureCycle Technologies holds a global license for a patented dissolution recycling technology developed by Procter & Gamble, designed to transform polypropylene plastic waste into a renewable resource [4] - The purification process used by PureCycle removes impurities from 5 plastic waste, resulting in PureFive™ resin that can be recycled and reused multiple times, thereby changing the relationship with plastic [4]

Core Insights - NAFRA's renewed engagement highlights the importance of SMX in the recycling industry, particularly for operators affected by upstream decisions [1] Industry Impact - Recyclers face challenges due to the complexity introduced by manufacturers through additives, colorants, and flame retardants in plastics [1]

SMX's second invitation from NAFRA signals a shift from proof to recognition NEW YORK, NY / ACCESS Newswire / December 10, 2025 / When an industry organization invites a company into the room, it's a moment. When that same organization invites the company back after already seeing the technology up close, it's a message. That is the position SMX (NASDAQ:SMX) occupies now.Earlier this year, NAFRA witnessed SMX's molecular marking and digital passport system achieve 99%-100% accuracy in sorting flame-retar ...

France-based CARBIOS and China’s Wankai New Materials, a listed subsidiary of Zhink Group, have agreed to form a joint venture (JV) partnership for the industrial rollout of CARBIOS’ polyethylene terephthalate (PET) biorecycling technology in Asia. The partnership will start with a new facility in China. Following the signing yesterday (2 December), the two companies have sealed a shareholders’ agreement to create a JV that will construct and operate what is described as the debut PET biorecycling plant ...

Core Points - CARBIOS and Wankai New Materials have established a strategic partnership for the large-scale deployment of CARBIOS's PET biorecycling technology in Asia, starting with a PET biorecycling plant in China [1][2][3] Company Overview - CARBIOS is a biotechnology company focused on developing biological solutions to reinvent the lifecycle of plastics and textiles, aiming to prevent plastic pollution and promote a circular economy [2][3] - The company has two main technologies: PET biorecycling and PLA biodegradation, with an operational industrial demonstration plant since 2021 [2] Partnership Details - The joint venture will construct a PET biorecycling plant in Haining, Zhejiang province, with a processing capacity of 50,000 tons of PET waste [3] - Wankai will hold a 70% stake in the joint venture, while CARBIOS will retain 30% [3] - The estimated construction cost of the plant is €115 million, financed by 30% equity and 70% debt, with all debt guaranteed by Wankai [3] Future Plans - Construction of the plant is expected to begin in Q1 2026, with commissioning targeted for Q1 2027 [3] - CARBIOS has committed to exclusively license its PET depolymerization technology in Asia to Wankai for three years, with potential extensions based on additional capacity agreements [3] Financial Commitment - Wankai will subscribe to a capital increase of €5 million in CARBIOS S.A. before June 2, 2026, at a share price of €8.0947, reflecting a 10% discount [3]

Core Points - CARBIOS and Wankai New Materials have established a strategic partnership for the large-scale deployment of CARBIOS's PET biorecycling technology in Asia, starting with a PET biorecycling plant in China [1][2][3] - The joint venture will have a processing capacity of 50,000 tons of PET waste, with Wankai holding a 70% stake and CARBIOS holding 30% [3] - The construction of the plant is estimated to cost €115 million, financed by 30% equity and 70% debt, with all debt guaranteed by Wankai [3] Company Overview - CARBIOS is a biotechnology company focused on developing biological solutions to reinvent the lifecycle of plastics and textiles, aiming to prevent plastic pollution and promote a circular economy [2] - The company has two main technologies: PET biorecycling and PLA biodegradation, with its industrial demonstration plant for biorecycling operational since 2021 [2] - CARBIOS collaborates with major brands in various industries to enhance the recyclability of their products and is part of the global community of B Corp™ certified companies [2] Partnership Details - The shareholders' agreement for the joint venture was signed on December 2, 2025, with construction expected to begin in Q1 2026 and commissioning targeted for Q1 2027 [3] - CARBIOS will exclusively license its PET depolymerization technology to Wankai for three years, with potential extensions based on additional capacity agreements [3] - Wankai has committed to a €5 million capital increase in CARBIOS S.A. before June 2, 2026, at a share price of €8.0947, reflecting a 10% discount [3]

Core Insights - Cabka N.V. presents a staged growth strategy aimed at long-term value creation through two distinct phases [1][4] Phase 1: Strengthen - Growing to Full Utilisation (2026-2028) - The company targets revenue exceeding €215 million with operational EBITDA margins increasing from 11% to 13-15%, indicating a 40-60% higher EBITDA by 2028 [2] - Key focus areas include optimizing the portfolio mix and enhancing planning in Europe, while intensifying commercial efforts in the United States with improved pricing and customer segmentation strategies [2] - Both regions will shift focus towards pharmaceuticals and e-commerce, alongside expanding contract manufacturing [2] - Improved cash flow generation and disciplined capital expenditure are expected to strengthen the balance sheet [2] Phase 2: Expand and Grow - Market Consolidation (2028-2030) - Cabka aims for organic revenue growth exceeding €240 million with operational EBITDA margins above 15%, driven by full capacity utilization [3] - The company plans to pursue inorganic growth through mergers and acquisitions (M&A) to exceed €300 million when the balance sheet allows [3] - Competitive advantages in ESG profile, innovation leadership, and customer-centric approach will be leveraged for growth [3] Management Commentary - The CEO emphasizes that the staged growth plan provides a clear roadmap for sustainable value creation, with Phase 1 focusing on operational excellence and margin improvement to set the stage for Phase 2's market consolidation opportunities [4] Company Overview - Cabka specializes in recycling plastics from post-consumer and post-industrial waste into innovative reusable transport packaging (RTP), enhancing logistics chain sustainability [5] - The company leads the industry with an integrated approach that closes the loop from waste to recycling to manufacturing, backed by its own innovation center [6]

Core Insights - PureCycle Technologies and Churchill Container received the 2025 U.S. Plastics Pact Sustainable Packaging Innovation Award for their Run It Back™ product line, which utilizes PureCycle's PureFive™ resin made from postconsumer recycled content [1][3] Company Overview - PureCycle Technologies specializes in a patented dissolution recycling technology that transforms polypropylene plastic waste into a continuously renewable resource, resulting in PureFive™ resin [6] Product Details - The Run It Back™ line includes cups and containers made from up to 100% recycled content, with the Cleveland Browns being the first sports team to utilize these products in their stadium for the 2025 season [2][4] Industry Trends - There is a growing consumer demand for sustainably made products, as highlighted by U.S. Plastics Pact President Jonathan Quinn, indicating a positive trend towards sustainability in various sectors, including sports [4] Collaboration and Future Outlook - The collaboration between PureCycle and Churchill Container is seen as a significant step towards providing circular solutions for food-contact applications, with expectations for continued interest in sustainable products from organizations [3][4]