NEWS GreenDot and Synextra team up


GreenDot in Germany and Synextra in Italy are to form a strategic partnership based on the preparation of feedstock for chemical recycling and high quality mechanically recycled compounds. The companies will combine their capacities and


experience with the aim of providing a holistic solution for recycling the widest possible range of plastics waste, focusing on waste streams not suitable for mechanical recycling, across the EU and beyond. GreenDot Group CEO Laurent Auguste said the company is executing a development plan which includes opening recycling plants in Europe’s major economies, based on a vertical integration from feedstock preparation to recycling. � www.gruener-punkt.de � www.synextra.com


Kin Group takeover bid for Pact


Investment company Kin Group has launched a $234m takeover bid for Pact, the Australian sustainable packaging and plastics recycling group which last month sold 50% of its crate pooling business to Morrison & Co. Kin Group, which is


controlled by the Gemi- nder family, says the bid will be made by its wholly-owned subsidiary Bennamon Industries. Kin Group’s Chairman, Raphael Geminder, who is also the Chair of Pact, has advised the board of a conflict of interest and recused himself from the board and committee for the duration of the offer period.


At the time of writing, no decision had been made about the offer. � https://pactgroup.com


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The two companies are focusing on waste streams not suitable for mechanical recycling


Technip Energies signs new agreement with Versalis


Engineering company Technip Energies and Versalis, Eni’s chemical company, have signed an agreement to develop a platform integrating Versalis’ Hoop and Technip Energies’ Pure.rOil and Pure. rGas purification technolo- gies. The project aims to create a theoretically endless loop producing new virgin polymers identical to polymers that


come from fossil raw materials. Versalis will bring its Hoop technology, a pyrolysis process enabling the recovery of mixed plastic waste, and Technip Energies, which has more than 700 steam crackers worldwide operating under its own licence, will bring its ethylene furnace and steam cracker design expertise. Adriano Alfani, Chief


Executive Officer of Versalis,


stated: “This partnership with Technip Energies, which combines the two compa- nies’ innovative technologies in chemical recycling and significant industrial experi- ence, will allow us to acceler- ate the deployment of concrete and effective solutions to tackle plastic waste, to be applied wher- ever needed worldwide.” � www.ten.com � www.versalis.eni.com


Enval joins with Greenback Recycling


UK-based Greenback Recycling Technologies has acquired chemical recycling specialist Enval. The deal comes shortly


after the inauguration of a plant using Enval’s micro- wave-induced pyrolysis technology in Cuautla, Mexico. The combined company, headed by Philippe von


PLASTICS RECYCLING WORLD | October 2023


Stauffenberg, CEO of Greenback, brings together the expertise of both companies, creating a stronger and more competi- tive entity. Carlos Ludlow-Palafox, CEO and founder of Enval, said: “By combining Enval’s expertise in the chemical recycling sector with Greenback’s operational


and business development experience, we will prevent many more tonnes of plastics from polluting our landscapes and oceans. We look forward to continuing to work with the Greenback team, now as a single company, to build a more sustainable future for all.” � www.greenback.earth � www.enval.com


www.plasticsrecyclingworld.com


IMAGE: SYNEXTRA


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