EQUIPOLYMERS Presents Viridis 25, an EQUATE Group Initiative to Meet the Guidelines of the European Plastics Strategy

Vienna (ots/PRNewswire) -

A new solution that makes brands and products more sustainable

Equipolymers (EQP) is proud to announce the launch of Viridis 25,
a new food-grade polyethylene terephthalate (PET) using up to 25 per
cent chemically recycled PET as feedstock, reducing the need for
virgin PET with benefits for business, the environment and the
community. This advancement from EQP takes the world closer to
closing the loop in the circular economy, helping brand owners to
meet the guidelines of the European Plastic Strategy while driving an
increase in plastics recycling.

(Logo: https://mma.prnewswire.com/media/766907/Viridis25_Logo.jpg
)

"EQP's mission is to be a leader for sustainable development and
growth worldwide," said Ramesh Ramachandran, President & CEO of
EQUATE. "The EQUATE Group's Board of Directors is fully supportive of
the EQP initiative to be a pioneer in bringing sustainable solutions
to the plastics industry."

The manufacturing of Viridis 25 is based on a chemical recycling
process of PET polymers coming from post-consumer flakes. In 2009 EQP
launched Viridis 10, a PET grade containing up to 10% recycled PET.
In 2016 EQP and Coca-Cola started collaborating on Viridis 25. The
process has been successfully validated and is now being transferred
onto an industrial scale. It will be manufactured initially in
Schkopau, Germany where EQP is improving the plant capability to
replace fossil feedstock with rPET. At maturity, the consumption of
rPET for Viridis 25 will exceed 30 KMT/year. Viridis 25 complies with
the relevant European regulations for food contact plastics and can
be used in the beverage bottle production as well as in thermoforming
applications.

Fast Facts

- The total post-consumer PET collection in EU is around 2.000
Ktons (2 million tons) per year (2016 data).

- rPET flakes reach 1.3 million mt/year out of this quantity.

- Viridis 25 will require >3% of total rPET available in Europe.

- The current EQUIPOLYMERS production capacity of PET is about
350.000 metric tons/year: about 10% of total PET capacity in Europe.

EQUIPOLYMERS is a company dedicated to the manufacture and
marketing of Polyethylene Terephthalate (PET); it is a wholly-owned
subsidiary of EQUATE Petrochemical Company (EQUATE), a global
producer of petrochemicals and the world's second largest producer
of ethylene glycol (EG).

ots Originaltext: Equipolymers
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Hill+Knowlton Strategies Gabriele Billè
Gabriele.Bille@hkstrategies.com +39-3427-570-695 Ilaria Catastini
Ilaria.Catastini@hkstrategies.com +39-335-69-919-60

Original-Content von: Equipolymers, übermittelt durch news aktuell