Loop Industries has formed a strategic alliance with Uhde Inventa-Fischer to promote the usage of sustainable polyethylene terephthalate (PET).

Based in Switzerland, Uhde Inventa-Fischer is an engineering company owned by thyssenkrupp Industrial Solutions.

The partnership will work on the manufacturing of sustainable PET and polyester plastic, while it will assist manufacturing companies in the production of sustainable plastic.

Integration assessment stages for the new solution have already commenced, while waste-to-resin (WTR) process design package licences are being offered. The solution will be used for the development of facilities to separate PET plastic from fossil fuels.

Rivoira and its partners have purchased a 50% stake in packaging company Zeropack.

The investment agreement was signed between Rivoira and Bio-on.

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Zeropack is the new packaging firm established by Bio-on, a bioplastic firm based in Italy. It will offer bioplastic packaging services in the fruit and vegetable market.

The packaging solutions will be made from 100% natural and biodegradable materials.

AR Packaging Group, a packaging services provider based in Sweden, has acquired Istragrafika for an undisclosed sum.

Istragrafika has been integrated into AR Packaging on 1 January.

“The alliance will assist manufacturing companies in the production of sustainable plastic.”

Based in Croatia, Istragrafika specialises in the manufacturing of cartons to store tobacco, food, and consumer goods.

The China buyout fund of CITIC Capital Partners has acquired a 33% stake in China Merchants Loscam from Sinotrans.

Financial terms of the transaction have not been disclosed.

Sinotrans will continue to be the major shareholder in Loscam with an equity interest of 45%, while the remaining 22% stake is held by another investor.

Based in China, China Merchants Loscam offers pallet and other returnable packaging pooling solutions to its customers.

Thailand-based petrochemical company Indorama Ventures Public (IVL) has agreed to acquire German firm Invista Resins and Fibers.

Invista’s Gersthofen value-added polyethylene terephthalate (PET) manufacturing facility will be acquired by IVL.

The deal will enable IVL to enhance its portfolio of packaging and industrial fibre solutions.

IVL will gain the intellectual property rights for Polyshield Pet and Oxyclear Barrier Pet brands.

The acquisition is scheduled for completion in the first quarter of this year.