14.02.2020 • NewsElaine BurridgeIneosUPM Biochemicals

Ineos Secures Renewable Feedstock for Plastics

Ineos has launched a €3.6 billion leveraged loan, split between euros and US...
Ineos has launched a €3.6 billion leveraged loan, split between euros and US dollars, to refinance existing debt and reduce term loan margins. The funds will benefit the acquisition of BP’s petrochemicals business and development of the Forties pipeline. Ineos acquired from BP in 2017. (c) Ineos

Ineos has entered into a long-term agreement with Finland’s UPM BioVerno for the supply of renewable feedstock to make new bio-attributed polymers in Cologne, Germany.

The raw material is made from a residue of wood pulp processing and will be used in a variety of plastic products, ranging from food packaging to medical items and pipes, including Biovyn, which Ineos said is the world’s first commercially available bio-attributed PVC.

The Roundtable on Sustainable Biomaterials has certified each step in the process, starting from UPM Biofuels converting the wood-based residue (crude tall oil) into hydrocarbons, through to the final polymer.

Ineos said the move will contribute to a significant reduction in its carbon emissions and support a more circular approach to its olefins and polymers production.

In separate news, Ineos Olefins & Polymers has entered into a partnership with Italian polymer recycling company Forever Plast. The companies have developed a range of new PE grades that Ineos said mirror its virgin grades and “perfectly fit” injection moulding and compression moulding machines.

The Recycl-IN products are made from recycled bottle caps, which are blended with highly engineered virgin polymer to create new caps. Ineos said that over the next five years, 6.5 billion bottle caps will be diverted from the waste stream and recycled

“For a while PET bottles have been increasingly recycled but this is one of the first circular developments to tackle the caps. This is a major step forward,” said Iain Hogan, CEO of Ineos Olefins and Polymers South.

The company is now expanding its range of Recycl-IN polymers into the PE non-food caps market.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.