Green Plastics and PET Recycling Gain Ground as Chemical Industry Spending Continues to Improve
December 19 2011 - 6:30AM
Marketwired
Researched by Industrial Info Resources (Sugar Land, Texas) -- Over
the past decade, the Chemical Processing Industry (CPI) has
witnessed a growing movement toward "going green," as consumers and
industry advocate groups began to make demands on the industry to
take a leading role in preserving the environment and resources.
Several new and grassroot plants have been constructed in the
United States in recent years, with product lines focused on
producing bio-plastics and bio-resins. Braskem SA (NYSE:BAK) (Sao
Paulo, Brazil), The Dow Chemical Company (NYSE:DOW) and others are
planning world-scale unit additions in South America to produce
green plastics such as polyethylene and polypropylene, with
chemical feedstock originating from sugarcane or similar resources.
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