Core Insights - Avient Corporation (AVNT) has launched ColorMatrix Amosorb Oxyloop-1, the first product in its new oxygen scavengers portfolio aimed at enhancing the recyclability of Polyethylene Terephthalate (PET) packaging [1][7] - The Oxyloop-1 grade has received endorsement from the European Platform for Bottle Packaging (EPBP), meeting high industry standards for recyclability and food contact regulatory requirements [2] - This non-nylon-based product is compatible with recycled PET, allowing for up to 100% recycled content, and is designed to maintain product freshness and shelf life [3][4] Product Features - Oxyloop-1 offers excellent oxygen scavenging performance, making it suitable for packaging applications such as juices and vitamin drinks [2][3] - The product maintains bottle clarity and reduces yellowing, enhancing aesthetic appeal while supporting sustainability goals [3][4] - Avient's commitment to reducing environmental impact is reflected in the introduction of this product, which aligns with brand owners' sustainability objectives [4] Market Performance - Avient's stock has decreased by 26.3% over the past year, while the industry has seen a decline of 17.8% [4] - The company currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to better-ranked stocks in the Basic Materials sector [6]