NEWS


UN plastics pollution treaty talks break down


What was planned to be the final round of talks on a UN global treaty on plastics pollution ended without agreement on 2 December. Instead a “Chair’s Text” was issued at the end of the INC- 5 talks in Busan, South Korea, which is intended to serve as the starting point for negotiations at a resumed session in 2025. The Reuters news agency


reported that the most divisive issues included capping plastic production, managing plastic products and chemicals of concern, and financing to help developing countries implement the treaty. A proposal by Panama, which had the support of more than 100 countries, called for a cap in global plastics production, but this was opposed by some countries with major polymer facilities. The INC Chair, Luis Vayas


Valdivieso, said in a state- ment: “Our mandate has always been ambitious. But ambition takes time to land. We have many of the elements that we need, and Busan has put us firmly on a pathway to success. I call on all delegations to continue making paths, building


bridges, and engaging in dialogue.” In response to the end of the INC-5 talks, Plastics Europe, which represents Europe’s polymer produc- ers, repeated its commit- ment to an agreement based on collaboration to promote plastics sustainabil- ity in the framework of a circular economy. Virginia Janssens, MD at Plastics Europe, said: “Although we were hoping for an ambitious and implementable legally binding agreement, we believe that progress has still been made in Busan. While no final text was agreed upon, we recognise convergence in several articles of the chair’s


IMAGE: SEUNGHYEOK CHOI


Amcor and Berry plan merger


A demonstration before the INC-5 talks in Busan, South Korea


non-paper including those on product design and waste management.” Graham Forbes, Green-


peace’s Head of Delegation, said: “For the next meeting, the assignment for member states is clear: the ambitious majority must break through fossil fuel influence and the obstruction of a few, to deliver an effective agree- ment with binding global targets and measures to reduce plastic production.” He also called for


protections against danger- ous chemicals, along with bans on single-use plastics, reuse targets, and an equitable financing plan. �www.unep.org � https://plasticseurope.org �www.greenpeace.org


Amcor and Berry, which have combined revenues of $24bn and adjusted EBITDA of $4.3bn, have entered into a definitive merger agreement. The merger will bring together two worldwide production and commer- cial networks to create what they said is “a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures business, and a unique global healthcare portfolio”. The combined group would serve more than 140 countries through approximately 400 produc- tion facilities. The transaction has


already been unanimously approved by both boards and is expected to close in mid-2025. Peter Konieczny will serve as CEO, Graeme Liebelt as Chairman and Stephen Sterrett as Deputy Chairman. The new entity will be named Amcor and its global head office will remain in Zurich, Switzer- land. �www.amcor.com �www.berryglobal.com


Ineos shuttering styrenics site in US


Ineos Styrolution is to permanently close its ABS and SAN styrenic materi- als production site in Addyston, Ohio, US, from the second quarter of 2025 due to growing competition from imports.


www.compoundingworld.com


“After a thorough analysis, we concluded that the substantial invest- ment needed to continue operations and achieve profitable cost competi- tiveness makes this site no longer economical,” said Steve Harrington,


CEO of Ineos Styrolution and Ineos ABS.


He said the decision to close the Addyston site was driven primarily by external market conditions. � https://ineos-styrolution.com


December 2024 | COMPOUNDING WORLD 5


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