First food-grade PET (polyethylene terephthalate) made with 25 per cent chemically recycled plastic
Kuwait, January 23, 2020 – Leaping forward with a breakthrough innovation to help address the global need for the increased use of chemically recycled PET; the EQUATE Group today announced the production of the first successful batch of Viridis 25. Viridis 25 is a new food-grade polyethylene terephthalate (PET) by Equipolymers (EQP), which uses up to 25% chemically recycled PET as feedstock, significantly reducing the need for virgin PET, thereby helping close the loop in the circular economy.
As part of their sustainability strategy, EQP started this innovative project in 2009 to make use of more recycled PET, the basis of most plastic beverage bottles. They began with Viridis 10, a PET grade containing up to 10% recycled PET, but, in 2016, EQP advanced to the V25 project in collaboration with a major brand owner to increase the amount of recycled material in its PET.
“We continue to progress in our journey to lower our carbon footprint with world class manufacturing facilities and producing a 25 per cent chemically recycled PET is a significant milestone,” said Naser Aldousari, Senior Vice President at the EQUATE Group. “It was a collaborative effort between the petrochemical and commercial business communities, and as a result Viridis 25 will have far-reaching environmental, social and business benefits.”
Viridis 25 is now available in the market through the EQUATE Group’s subsidiary EQUIPOLYMERS and will primarily target the European market.
Muayad Al-Faresi, Global Business Director, PET at EQP said, “There is strong demand for PET bottles, and our mission is to provide a sustainable product that meets quality of life and public health needs. Chemical recycling technology has opened new horizons for the plastic industry, enabling us to address the increasing environmental impact and waste concerns in a sensible and sustainable way. EQP has tapped into this opportunity, making it a focus area to foster future innovation.”
ABOUT THE EQUATE GROUP
The EQUATE Group is a global producer of petrochemicals and the world’s second largest producer of ethylene glycol (EG). The EQUATE Group owns and operates industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons of ethylene, EG, polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ). The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), The Kuwait Olefins Company (TKOC), as well as a number of subsidiaries such as MEGlobal and Equipolymers. Their products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The EQUATE Group’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Employing more than 1,500 people worldwide, the EQUATE Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society. Visit www.equate.com.