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The resin makers are establishing a $100-million investment fund to help finance recovery and recycling of polyethylene and polypropylene in Canada and the U.S.
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Technology developer Metaspectral has been awarded more than $300,000 to develop AI-powered technology that can sort plastics automatically.
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Drinkwater established Worcester, UK-based JSC Rotational with her husband in 2004, and the company joined the BPF in 2006.
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The deal includes approximately 440 employees, mostly located in Schkopau, Germany, who are expected to join Synthos when the transaction closes next year.
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Headquartered in Italy, Agiplast is a plastics compounding company that specializes in the regeneration of high-performance polymers.
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Shakun is family-owned producer of compounds for the wire and cable markets in the Indian subcontinent, the Middle East, Southeast Asia, and Africa.
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The effort addresses one of the biggest streams of plastic waste.
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Researchers at Washington State University say they've found a cost-effective way to convert PE-based products into jet fuel and lubricants, and in a fraction of the time current plastics recycling methods take.
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