LONDON (ICIS)–UK-headquartered recycler Viridor intends to close its Avonmouth mechanical recycling facility following a strategic review, the company announced in a press release on Tuesday. The Avonmouth facility has a nameplate capacity of 80,000 tonnes/year of recycled polymers output concentrated on recycled polyolefins. Viridor is conducting a separate review of its Rochester mechanical recycling plant. The company […]

HOUSTON (ICIS)–US polyester film producer Polyplex expects the expansion project at its Decatur, Alabama, production facility to start up in the first quarter of 2025, according to market participants at this year’s PackExpo. The site has added a new biaxially oriented polyethylene terephthalate (BOPET) line with an annual capacity of 50,000 tonnes. Additionally, they have […]

SAO PAULO (ICIS)–Brazil’s private sector posted in October the fastest rate of expansion since mid-2022, analysts at S&P Global said on Tuesday. S&P’s composite PMI index stood in October at a very healthy 55.6 points, up from September’s 55.2 points. Any reading above 50.0 points shows economic expansion. S&P compiles the composite PMI index putting […]

SAO PAULO (ICIS)–Spanish chemicals sales are expected to rise in 2024 by 4.8%, compared with 2023, to €86.5 billion while output is expected to expand by 7.1%, the country’s chemicals trade group Feique said this week. The enviable figures for chemicals are expected to be repeated in other manufacturing sectors as well as in the […]

SAO PAULO (ICIS)–The financial week in Latin America ends with the confirmation that its two largest economies’ performance is taking diverging paths as Brazil’s unexpected healthy growth brings to the fore overheating fears, while Mexico’s slowdown is proving harsher than previously thought. Healthier-than-expected growth in Brazil occurs against the backdrop of a fast-slowing Mexican economy, […]

HOUSTON (ICIS)–Rates for shipping containers from east Asia and China to the US fell this week, but carriers have announced an increase in blank sailings so they can tighten capacity and maintain a floor on prices. Rates have been falling steadily since July as importers pulled forward peak season volumes to get ahead of the […]

HOUSTON (ICIS)–Demand for chlorine derivatives and caustic soda benefited from US hurricanes and two new pulp and paper plants that opened in South America, which provided some bright spots in what has otherwise been a challenging market due to the slowdown in home building and durable goods, US-based Olin said on Friday. Bleach and hydrochloric […]

HOUSTON (ICIS)–Canadian ammonia production technologies firm AmmPower announced it has entered a strategic collaboration with FuelCell Energy to participate in pilots of distributed ammonia production. The company said the partnership will result in the integration of AmmPower’s modular ammonia production units with FuelCell Energy’s highly efficient solid oxide electrolyzer systems, improving clean ammonia production efficiencies […]

TORONTO (ICIS)–Canada’s federal labor minister has decided to refer the labor dispute between the country’s two freight railroads and labor union Teamsters Canada Rail Conference (TCRC) to the Canada Industrial Relations Board (CIRB) for binding arbitration, he said in a webcast media briefing on Thursday. Steven MacKinnon expects the CIRB to act “with dispatch” and […]