The 3330 exhibitors at K 2019 emphasized the necessity of having operational circular economies along the complete material chain and presented concrete solutions. The approximately 225,000 visitors from 165 countries took great interest in recycling systems, sustainable raw materials, resource-saving processes.

Diamond Green Diesel’s 1.1 billion dollar expansion will make use of Honeywell’s Ecofining process technology to increase its annual production capacity of renewable diesel. With this move, the company aims to become one of the largest renewable diesel plants in the world.

Sabic has become the first company in the industry to introduce such an innovative polycarbonate. The solution has the ability to reduce CO2 emissions and the use of fossil feedstock during production.

Neste and Remondis have plans to accelerate chemical recycling and aim to process over 200 kilo tonnes of waste plastic every year. Together, both the firms will combine their expertise to build an ecosystem around chemical recycling which will assist other companies in the value chain to follow suit.

Adani, BASF, Adnoc and Borealis have signed a MOU to conduct a joint feasibility study in order to evaluate collaboration for the construction of a 4 billion dollar chemical complex in Mundra, Gujarat, India.

Braskem has expanded its sustainable products portfolio and will now include products based on the concept of a circular economy such as Post-Consumer-Recycled (PCR) resins, a mixed bio-based plastic, and other PCR solutions.

Right from the United Nations’ Clean Seas campaign to the Paris agreement, single use plastics has become a burning issue across the globe. Nonetheless, prominent global companies have taken up the challenge to create a more sustainable and circular economy for the plastics industry.

Sulzer GTC Technology has recently entered into an agreement with Sibur to provide licensed pyrolysis gasoline processing technologies for the modernisation of a benzene production unit at Sibur’s Kstovo olefins production plant in Russia.

Lyondell Basell has plans to construct the new small-scale facility as a test plant for converting post-consumer plastic waste into new plastics. The company aims to achieve this task by using its proprietary molecular recycling technology which includes a proprietary catalyst-based approach.

Sumitomo Chemical has plans to strengthen the competitiveness of its feed additive methionine business by shutting down operations at one of its aged and less efficient plants and at the same time also plans to renew its production plans in other plants.