Plastic Recycling
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PureCycle Technologies and TOPPAN Establish Partnership to Deliver Sustainable Packaging Solutions with Recycled Content
Globenewswire· 2026-02-18 14:00
Core Viewpoint - PureCycle Technologies and TOPPAN have formed a partnership aimed at enhancing sustainability in flexible films and thermoformed packaging, responding to the increasing demand for high-quality recycled content from brand owners to meet global regulatory requirements [1][3]. Partnership and Product Development - The collaboration has led to the creation of a snack bar wrapper that contains over 30% recycled content, showcasing the capabilities of PureCycle's PureFive resin in flexible packaging applications [2]. - The snack bar wrapper demonstrates essential printability and functionality required by leading snack brands while significantly reducing environmental impact [2][3]. Sustainability Goals - The partnership emphasizes that food safety, regulatory compliance, performance, and environmental responsibility should progress together, not in competition [3]. - The companies are now focusing on multiple thermoforming applications where major brand owners are seeking recycled content solutions to comply with upcoming mandates [3]. Technological Innovation - PureCycle's dissolution recycling process converts post-consumer polypropylene packaging into virgin-like PureFive resin, effectively removing impurities that limit traditional recycling [4]. - The resulting PureFive resin meets FDA standards for food-contact applications and performs comparably to virgin resin, facilitating integration into existing manufacturing processes [4]. Market Positioning - The collaboration illustrates how innovative partnerships can yield commercially viable packaging that meets regulatory requirements and brand expectations [4][5]. - The partnership aims to enable brand owners to fulfill their sustainability commitments without compromising on quality, safety, or performance [5].
PureCycle Schedules Fourth Quarter and Fiscal Year Ending 2025 Corporate Update
Globenewswire· 2026-02-12 21:10
Core Insights - PureCycle Technologies, Inc. will host a conference call on February 26, 2026, to update on recent corporate developments and fourth quarter and fiscal year results ending December 31, 2025 [1][2] Group 1: Conference Call Details - The conference call is scheduled for 5:00 p.m. EST on February 26, 2026, and will include a live Q&A session for analysts [2][3] - Participants can access the call via a provided link and submit questions in advance through email [3] Group 2: Corporate Overview - PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., holds a global license for a patented dissolution recycling technology developed by Procter & Gamble, aimed at transforming polypropylene plastic waste into a renewable resource [4] - The purification process results in PureFive™ resin, which can be recycled and reused multiple times, altering the relationship with plastic [4]
Agilyx ASA - EUR 14 million placement of the Convertible Bonds fully funds execution of updated strategy through 2027
Prnewswire· 2026-02-06 14:10
OSLO, Norway, Feb. 6, 2026 /PRNewswire/ -- Agilyx ASA (OSE: AGLX:OTCQX: AGXXF: ISIN: NO0010872468: WKN: A2QGQ) ("Agilyx" or the "Company") references the November 4 and October 24, 2025 stock exchange notices regarding the successful placements of Tranche 1 of EUR 24 million subordinated convertible bonds with maturity date 30 June 2028 and with ISIN NO0013684860 (the "Convertible Bonds"). Agilyx today announces a bond tap issue of EUR 14 million of the Convertible Bonds (the "Bond Tap Issue"). Following t ...
Loop Industries Q3 Earnings Call Highlights
Yahoo Finance· 2026-01-15 18:27
Core Insights - Loop Industries is progressing on its India and Europe growth plans, highlighting a new multi-year supply agreement with Nike and ongoing project financing efforts [4] India Facility - The Infinite Loop India manufacturing facility is on budget and on schedule for completion by the end of 2027, with a multi-year, take-or-pay supply agreement with Nike as an anchor customer [3][7] - The facility is expected to have five to six customers in total, with ongoing discussions with additional consumer packaged goods and apparel companies [1][7] - The India project has a debt package of approximately $130 million, covering about 70% of project financing, with Loop's equity contribution expected to be around $28 million [6][18] Supply Agreements - Loop executed a supply contract with Nike, providing a fixed annual volume of "Twist," a textile-to-textile polyester resin, at a fixed price for multiple years [2] - The contract includes a "take-or-pay" element, ensuring Nike pays a percentage of the sales price even if it does not take delivery [2] European Strategy - Site selection for a licensed 70,000-ton European plant is nearing completion, with a lead site in Germany under negotiation [5][14] - A modular construction approach is being considered for the European plant, which could reduce capital costs by approximately 50% [5][12] - The European plant is expected to be primarily packaging-focused, with potential for textile processing depending on customer needs [16] Engineering and Construction - Toyo, a Japanese engineering and construction company, has been hired to complete detailed engineering for the India facility, which began on November 1 [11] - Engineering and milestone payments from the European project are anticipated to generate meaningful revenue and profits for Loop over the next three years [15] Financial Overview - Loop's cash operating expenses for the quarter were reported at $2.2 million, down $1.1 million year over year, with total liquidity available at $7.7 million [18] - The company is focused on raising the remaining financing needed for its equity contribution and operating expenses until the India facility becomes operational [19] Market Opportunity - Growing demand for textile-to-textile recycling is emphasized, driven by regulatory changes in Europe aimed at increasing recycled content in clothing [8] - Loop's technology is well-suited for processing post-consumer textile waste, which represents a significant market opportunity, with global polyester textiles totaling about 85 million tons per year [9]
CFOs On the Move: Week ending Jan. 9
Yahoo Finance· 2026-01-09 09:38
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]
Valerie Mars Appointed to PureCycle's Board of Directors
Globenewswire· 2025-12-18 13:00
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]
SMX at NAFRA: A Signal to Recyclers That Industrial Traceability Is Finally Arriving
Accessnewswire· 2025-12-10 18:00
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: Industry Validation Becomes Industry Visibility
Accessnewswire· 2025-12-10 16:30
Core Insights - SMX has received a second invitation from NAFRA, indicating a significant shift from validation of its technology to recognition within the industry [1][3][10] - The molecular marking and digital passport system developed by SMX has achieved 99%-100% accuracy in sorting flame-retardant plastics, which has been validated in real production conditions [2][5] - The focus has now shifted from proving the technology's feasibility to discussing its relevance and potential applications within the industry [3][4] Validation to Visibility - The transition from validation to visibility signifies that SMX has crossed an important threshold, moving from quiet testing to broader industry discussions [4][10] - NAFRA's decision to showcase SMX's technology to a wider audience reflects the importance of the results achieved and the potential for industry adoption [5][6] - This visibility is crucial for attracting various stakeholders, including manufacturers and recyclers, who can benefit from the technology [9][10] Industry Impact - SMX's technology aligns with global circularity models, focusing on molecular-level identity and digital traceability, which are essential for modernizing material management [7][8] - The recognition from NAFRA suggests that the technology can meet regulatory, operational, and compliance requirements, thus enhancing its value in the industry [8][9] - The invitation to present at a public forum indicates that serious decision-makers are now considering SMX's technology as a viable solution to longstanding industry challenges [10]
CARBIOS and Wankai to set up China JV for PET biorecycling
Yahoo Finance· 2025-12-03 14:44
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 ...
CARBIOS and Wankai New Materials sign the definitive agreement establishing a strategic partnership to the large-scale deployment of CARBIOS's PET biorecycling technology in Asia
Globenewswire· 2025-12-02 07:45
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]