INDUSTRY NEWS New Italian Packaging Law
On the 20th September 2020, the Italian government issued a new law governing the labelling of packaging on all imports and that are used in the domestic market.
The regulation, which comes into force on the 1st January 2023, makes environmental labelling of packaging mandatory and comes in addition to the requirements in the European Union to comply with the Classification of Labelling & Packaging regulation.
The aim of the regulation is to provide a level of environmental protection by reducing the impact of packaging and packaging waste.
To comply with the regulation, packaging must follow the EU Commission Decision 97/129/EC requiring the use of an alphanumeric code denoting the constituent material of the packaging. Secondly, packaging intended for consumers should contain specific reference to how the packaging should be disposed of, written in Italian.
In addition, there is a recommendation on the labelling of multi-component packaging. The Italian packaging law recommends helping the end user separate and dispose of individual parts. Whether this is achieved by using a graphic or a short text is optional. In this case, too, the text must be written in Italian.
Packaging that is incorrectly labelled could result in fines of 5,200 – 40,000€. This obligation is directed not only at manufacturers but also at traders and distributors. Fillers, users of packaging and importers of filled packaging are also to be held responsible through the regulation.
More information can be found on the website of the Italian Consortium of Packaging Materials or CONAI.
LINK
https://www.conai.org/en/
Chevron finalises acquisition of NEXBASE™ business from Neste Corporation
Chevron Global Energy Inc. has announced that it has closed its agreement with Neste Corporation to acquire its NEXBASETM
brand, associated qualifications
and approvals, and related sales and marketing business. As part of the acquisition, Chevron will maintain all current supply sources utilising long-term offtake agreements.
“Adding the NEXBASETM brand and associated
business to Chevron strengthens our position as a leading supplier of premium base oils to customers globally,” said Alicia Logan, general manager of Chevron Base Oils. “We are pleased to welcome Neste employees to Chevron and look forward to leveraging their experience and talents to continue to reliably supply premium base oils to our customers. With the addition of a fully approved global slate of Group III and renewable base oils that complement our Group II global slate, Chevron is well positioned
8 LUBE MAGAZINE NO.169 JUNE 2022
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines.
brand,
to be the base oil partner of choice for today and into the future.”
LINK
www.chevronbaseoils.force.com/s/whatsnext
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