BASF Launches Circular Economy Program
In a circular economy, the aim is to avoid waste, reuse products and recover resources. “Companies that can provide solutions for the transformation to a circular economy will have a crucial competitive advantage,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer of BASF, speaking about the circular economy, a key issue of the future in society and politics. BASF has therefore launched a new Circular Economy Program. By the year 2030, the company aims to double its sales generated with solutions for the circular economy to €17 billion.
Total Corbion announced new CEO and CFO
Total Corbion PLA announced its new executive leadership team: Thomas Philipon as the company’s new CEO and Chiel Rietvelt as CFO. The appointments mark a significant next step in the company’s growth. Together with the announcement of the planned PLA production plant in Europe earlier this year, it demonstrates the company’s commitment to driving the growth of the bioplastics industry.
Promateris invests in building leading bioplastic production capacity in the CEE region
Promateris invested more than 10 million euros in developing a state-of-the art facility near Bucharest, Romania, dedicated to processing bioplastics derived from renewable resources. Promateris is the former Prodplast Industrial Group, member of European Bioplastics. Following this investment, the company achieves the leading production capacity in Central and Eastern Europe. In By the end of 2020, the production capacity of Promateris will reach 15.000 tonnes/year.