Kuwait – 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.”
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
