SOURCE: Industrial Info Resources

Industrial Info Resources

December 19, 2011 06:30 ET

Green Plastics and PET Recycling Gain Ground as Chemical Industry Spending Continues to Improve

SUGAR LAND, TX--(Marketwire - Dec 19, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Over the past decade, the Chemical Processing Industry (CPI) has witnessed a growing movement toward "going green," as consumers and industry advocate groups began to make demands on the industry to take a leading role in preserving the environment and resources. Several new and grassroot plants have been constructed in the United States in recent years, with product lines focused on producing bio-plastics and bio-resins. Braskem SA (NYSE:BAK) (Sao Paulo, Brazil), The Dow Chemical Company (NYSE:DOW) and others are planning world-scale unit additions in South America to produce green plastics such as polyethylene and polypropylene, with chemical feedstock originating from sugarcane or similar resources.

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