Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 20, 2018

Loop and thyssenkrupp support sustainable PET plastic manufacturing

Loop Industries has entered a global alliance agreement with Uhde Inventa-Fischer, a division of thyssenkrupp Industrial Solutions.

Loop Industries has entered a global alliance agreement with Uhde Inventa-Fischer, a division of thyssenkrupp Industrial Solutions.

The strategic alliance will focus on sustainable polyethylene terephthalate (PET) and polyester plastic manufacturing.

As part of the agreement, both companies will combine their technologies to help manufacturers produce sustainable PET plastic.

thyssenkrupp Industrial Solutions electrolysis and polymers technologies business CEO Sami Pelkonen said: “This agreement will enable a very resource-efficient and cost-attractive solution for the production of sustainable PET and polyester.

“This agreement will enable a very resource-efficient and cost-attractive solution for the production of sustainable PET and polyester.”

“The alliance with Loop Industries is an important milestone on the way to producing sustainable PET and polyester.”

Loop and thyssenkrupp have already started integration assessment stages and are currently working on offering licences for a waste-to-resin (WTR) process design package. Using this, global manufacturing companies will be able to build facilities and decouple PET plastic from fossil fuels.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging

Loop Industries founder and CEO Daniel Solomita said: “We plan to license the respective technologies developed by Loop and thyssenkrupp Industrial Solutions to manufacturing partners in geographical regions around the world in order to quickly roll out multiple WTR plants over the next decade.”

Loop produces PET plastic from fossil fuels by depolymerising waste polyester plastic to monomers.

Earlier this month, Loop signed a multi-year supply framework with Cross Enterprise Procurement Group (CEPG) to supply 100% recycled PET plastic to Coca-Cola bottlers.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU