News
Amid challenges, Indonesia reaps benefits from circular economy, official says
Data compiled by the Environment and Forestry Ministry revealed that in 2019-2020, more than 420,000 tons of plastic waste were collected from waste banks and other means. Recycling this plastic waste generated more than USD $70.53 million of revenue, a…
French ban on plastic packaging for fruit and vegetables begins
Starting 2022 on the right foot and fulfilling their promise, the French government’s bans on plastic packaging for produce has formally commenced. BBC covers the news in depth. Rreference: https://www.bbc.com/news/world-europe-59843697
The Year Ahead in Resin Pricing
Geoff Giordano from Plastics Today dives into trends and predictions in the resin industry this upcoming year, stating that more recycling projects and legislations in the United states are most likely to pass. Reference: https://www.plasticstoday.com/industry-trends/year-ahead-resin-pricing
Milk-Mimicking Vegan Drink Hits Supermarkets from January
UK brand Mighty is about to release a plant-based drink range that ‘tastes, looks and feels like dairy milk’. Their milk mimicking drinks will be available in major UK supermarkets from mid-January including Tesco, Sainsbury’s, Morrison's, and Amazon. Unlike the…
Canada Pension Plan announces $300m equity investment in Octopus Energy
Global energy tech pioneer, Octopus Energy, recently announced its long-term strategic partnership with the Canada Pension Plan Investment Board (CPP Investments), one of the world’s largest pension funds and a global force in energy investing. This partnership follows the aspiration…
Vertically farmed flowers for luxury fragrance maker
Leading perfume maker Firmenich has partnered with French start-up Jungle to source vertically-farmed fragrance ingredients. Fiemenich currently uses 1, 000 plants for its perfumes. Now, around 20% of these will come from Jungle’s vertical farms. The partnership has already made…