The partners will work on polyolefin-based solutions for the flexible packaging segment.
They will provide an outlet to test and validate the performance of SABIC’s polyolefin resin products, including the polyethylene resin from Gulf Coast Growth Ventures (GCGV) and TRUCIRCLE.
Jinming will install its multilayer coextrusion machinery at Bolsas’ facility in Mexico to facilitate this process.
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Bolsas de los Altos founder and CEO Guillermo Lopez Orozco said: “As a leading provider of plastic packaging, Bolsas de los Altos is excited to expand into the broader flexible packaging market.
“The installation of multilayer coextrusion equipment at our Mexico facility made possible due to our collaborative partnership with Jinming and SABIC will allow us to target several new applications, including long-term sustainability trends in this space.”
SABIC expects the partnership to strengthen its position as a polyethylene resin supplier in the Americas with local production capabilities.
The collaboration aims to address the challenges of transforming incumbent film structures to meet the latest circularity requirements.
To achieve this, the companies will combine SABIC’s knowledge of materials with Jinming’s experience in equipment manufacturing and Bolsas’ converting capabilities.
SABIC polymers technology and innovation vice-president Waleed Al-Shalfan said: “We understand that partnerships with the right value chain players have the potential to bring newer, game-changing innovations to the market faster.
“The current partnership with Jinming and Bolsas holds great promise to tap into mutual capabilities and adapt global trends in flexible packaging applications to regional needs.”
Based in Riyadh, SABIC operates in the petrochemical, chemical, industrial polymer, fertiliser and metal segments.
Last month, the company launched a closed-loop recycling initiative for flexible food packaging in partnership with food company Mars and recycling firm Landbell.