NEWS COMMENTARY

SCG acquires 70% stake in Portuguese polyolefin recycler

Published:
May 13, 2021
Services:
Chemicals More...
Activities:
Acquisition
Very important

This move helps SCG access markets for its ambition of selling 200,000 tons of recycled or bio-based materials by 2025. The recycler already has a capacity of 36,000 tons per year, nearly 20% of SCG's goal. Moreover, it's a sign that chemical companies will need to directly integrate mechanical recycling into their business if they want to grow.

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