Latest news with #PolyethyleneTerephthalate
NDTV
6 days ago
- NDTV
Himachal's 'Return Your Trash' Scheme As Mountains Drown In Garbage
Plastic bags and bottles strewn everywhere, animals scavenging on dumped solid waste - the disturbing site is not from a dumpsite but from a forest in Himachal Pradesh's Kasol. Several videos showing piles of garbage in Kasol's Parvati valley, with a murder of crows flying over the dump, are now trending on X, shining a spotlight on choking rivers and littered forests in the famous vacation spots up in the mountains. The pristine Parvati Valley, which starts from the confluence of two rivers (Beas and Parvati) and leads to Malana - a village surrounded by steep cliffs and snow-capped mountains - near the famous hamlet Kasol, is now dotted with non-biodegradable waste. This is not just the story of Kasol or Parvati Valley, but the tourist-favourite valleys of Tirthan, Jibhi, Saing, Balichowki and Banjar are also drowning in trash. And, in its latest effort to change that, Himachal Pradesh, which advertises itself as a "destination for all seasons and all reasons", has approved a scheme under which consumers will pay a refundable deposit above the price of a non-biodegradable product, which will be returned when the empty item is brought back. The Deposit Refund Scheme 2025 aims to effectively manage and reduce non-biodegradable waste, an official statement said. The scheme will be implemented on a pilot basis and applicable to a wide range of packaging materials, such as glass bottles, plastic beverage containers, aluminium cans, liquid packaging, flexible plastic packaging and multilayered packages. The scheme, which will first be launched on a trial basis in key tourist destinations, is to encourage tourists and vendors to take responsibility for the waste they generate, said Himachal Industries Minister Harshvardhan Chauhan. He stressed that it is also a part of the state's broader effort to safeguard Himachal's fragile ecology. "Plastic and polythene are a major challenge in our hill regions. This refundable fee mechanism is a step toward behavioural change," Mr Chauhan said. When asked how its effectiveness will be monitored, he said it will be done via QR codes. "Based on QR code scanning, the vendor will charge a nominal fee, and that will be refunded once the plastic pack is disposed of at the collection centre," he said. As per reports, Shimla produces nearly 2,800 tons of solid waste while Manali - another tourist magnet - produces over 1,100 tons per month. During the inflow of tourist seasons, the number doubles. Except for main cities like Shimla, many of the towns - which attract flocks of tourists for their serene beauty - don't have proper waste disposal systems. And, it leads to piles of garbage alongside roads, and clogged water sources. The move, however, is not the state's first such action to save its havens of natural beauty. Recently, the state government announced that the use of 500 ml plastic bottles made Polyethylene Terephthalate (PET) will be banned in all government programmes and hotels across Himachal Pradesh from June 1, 2025. The decision has been taken in view of the environmental damage caused by plastic waste, said Chief Secretary Prabodh Saxena. Any violation of these provisions may invite fines ranging from Rs. 500 to Rs. 25,000 under the relevant laws and regulations, he said. The Government of Himachal Pradesh enacted Himachal Pradesh Non- Biodegradable Garbage (Control) Act, in the year 1995. In 2009, it became the first state in India to ban plastic and polythene carry bags. And, since then, the state government has been making continuous efforts to reduce the plastic waste in the towns and rural areas of the state. In 2018, the state announced the ban on the use of thermocol cutlery, including cups, plates, glasses and spoons.
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First Post
6 days ago
- Business
- First Post
UK trade body proposes to extend anti-subsidy duties on Indian PET imports for five more years
The UK's Trade Remedies Authority has published its initial findings that a countervailing or anti subsidy measure on the imports of polyethylene terephthalate from India be maintained for a further five years. read more Britain's Trade Remedies Authority (TRA) has recommended continuing anti-subsidy duties on polyethylene terephthalate (PET) imports from India for another five years, citing risks of renewed subsidisation and harm to the domestic industry. The TRA's proposal, published this week in a 'Statement of Essential Facts', stems from a review launched in July 2023. It concluded that removing the countervailing measure would likely lead to a resurgence of subsidised imports and renewed injury to UK manufacturers. STORY CONTINUES BELOW THIS AD The authority also found that prolonging the duty aligns with the UK's broader economic interests. Countervailing measures are one of three trade tools the UK uses to protect domestic industries, alongside anti-dumping and safeguard actions. These duties target goods that benefit from foreign government subsidies and are found to be damaging to local producers. Countervailing or counteracting measures address imported goods that are being subsidised by foreign governments. The TRA found that while Indian imports of PET during the investigation period were low at just 24 tonnes in 2023, the subsidy programmes identified in an original European Union (EU) measure still exist and are likely to continue. 'The investigation also concluded that UK industry remains vulnerable to injury, with falling sales, reduced production capacity, and evidence of underutilisation among domestic producers,' the TRA said. 'The intended recommendation is to maintain existing countervailing duty rates, ranging from 0 per cent to 13.8 per cent, until August 2029,' it added. Interested parties now have until June 13 to comment on the Statement of Essential Facts' and responses will be considered before TRA makes its final recommendation to the UK Secretary of State for Business and Trade, Jonathan Reynolds. STORY CONTINUES BELOW THIS AD TRA, as an independent trade body, investigates whether new remedy measures are needed to counter unfair import practices and unforeseen surges of imports from around the world. Trade remedy investigations were carried out by the European Commission on the UK's behalf until Brexit. EU trade remedy measures of interest to UK producers were carried across into UK law when the UK left the EU in 2019, and the TRA is currently reviewing each one to assess whether it is suitable for UK needs. Polyethylene Terephthalate (PET) imported from India is a type of plastic commonly used in food and beverage packaging, including bottles and containers. With inputs from agencies
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Business Standard
6 days ago
- Business
- Business Standard
UK trade body urges continuation of duties on Indian PET plastic imports
The UK's Trade Remedies Authority (TRA) has published its initial findings that a countervailing or anti-subsidy measure on the imports of polyethylene terephthalate (PET) from India be maintained for a further five years. The proposal, published in a Statement of Essential Facts' this week, follows a review initiated in July last year which concluded that subsidised imports of PET are likely to recur if the measure was no longer applied and that injury to UK industry would also be likely to recur. The TRA also found that maintaining the measure is in the economic interest of the UK, a statement notes. Countervailing or anti-subsidy measures are the UK's one of three trade policy tools to counter imports which are causing or threatening injury to domestic industry, the other two being anti-dumping and safeguard measures. Countervailing or counteracting measures address imported goods which are being subsidised by foreign governments. The TRA found that while Indian imports of PET during the investigation period were low at just 24 tonnes in 2023, the subsidy programmes identified in an original European Union (EU) measure still exist and are likely to continue. The investigation also concluded that UK industry remains vulnerable to injury, with falling sales, reduced production capacity, and evidence of underutilisation among domestic producers, the TRA said. The intended recommendation is to maintain existing countervailing duty rates, ranging from 0 per cent to 13.8 per cent, until August 2029, it added. Interested parties now have until June 13 to comment on the Statement of Essential Facts' and responses will be considered before TRA makes its final recommendation to the UK Secretary of State for Business and Trade, Jonathan Reynolds. TRA, as an independent trade body, investigates whether new remedy measures are needed to counter unfair import practices and unforeseen surges of imports from around the world. Trade remedy investigations were carried out by the European Commission on the UK's behalf until Brexit. EU trade remedy measures of interest to UK producers were carried across into UK law when the UK left the EU in 2019, and the TRA is currently reviewing each one to assess whether it is suitable for UK needs. Polyethylene Terephthalate (PET) imported from India is a type of plastic commonly used in food and beverage packaging, including bottles and containers.
Yahoo
21-05-2025
- Business
- Yahoo
Recycled PET (rPET) Market Outlook 2025-2032: Industry Forecast to Reach $23.82 Billion, Driven by Major Companies Setting Ambitious Goals to Achieve 100% Recyclability or Reusability by 2030
Dublin, May 21, 2025 (GLOBE NEWSWIRE) -- The "Recycled PET (rPET) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 - (By Product Type, Application, Geographic Coverage and Company)" report has been added to global Recycled Polyethylene Terephthalate (r-PET) market is poised for significant expansion, growing from US$ 13.11 billion in 2025 to US$ 23.82 billion by 2032. With a projected CAGR of 8.9%, this growth reflects rising demand for eco-friendly materials across packaging, textiles, and automotive industries. The market is being reshaped by consumer preference for sustainability, regulatory mandates, and technological InsightsRecycled PET is increasingly replacing virgin plastics in packaging, textiles, and automotive components due to its cost-effectiveness and environmental benefits. In 2025, the packaging segment is anticipated to hold a 39.9% share, largely due to demand for lightweight, sustainable materials that align with circular economy Pacific is expected to dominate the global r-PET market, claiming 45% of the share in 2025 and growing at a CAGR of 9.9% through 2032. Europe and North America also continue to show strong momentum with supportive legislation and increasing investment in recycling Market Drivers Product Innovation and Corporate SustainabilityLeading global brands are integrating recycled plastics into their products as part of their sustainability initiatives. For instance, INEOS and PepsiCo introduced snack packaging with 50% recycled plastic in 2024. This trend highlights the market's shift toward eco-friendly alternatives that meet consumer expectations and regulatory Consumer AwarenessEnvironmental concerns and awareness about plastic waste are prompting a shift in consumer behavior. As a result, many companies are incorporating r-PET into their products, with some achieving 100% r-PET content in European markets. This shift not only boosts the demand for recycled plastics but also encourages innovation in product design and recycling Regulations and Government PoliciesGlobal regulatory frameworks, especially in Europe and North America, are pushing industries toward sustainable alternatives. Initiatives such as the European Green Deal and new mandates for recycled content in packaging are accelerating the adoption of r-PET and reinforcing market Opportunities Strategic Collaborations and AcquisitionsCompanies are entering into strategic partnerships and acquisitions to scale their recycling capabilities and access better recycling technologies. TotalEnergies' acquisition of Iber Resinas in May 2023, for example, enhanced its ability to recycle various plastics and gain access to Iber Resinas' supply and Procter & Gamble also announced a collaboration in March 2024 to develop advanced recycling using dissolution technology. This innovation transforms hard-to-recycle plastic packaging into high-quality recycled polyethylene, opening new pathways for sustainable product AdvancementsCutting-edge technologies like chemical and molecular recycling are revolutionizing the industry. Eastman's upcoming molecular recycling facility, announced in June 2024, will process over 110,000 metric tons of plastic waste annually. Such initiatives demonstrate how clean energy and next-gen technology can enhance the efficiency and quality of recycled ApplicationsWhile packaging remains the largest segment, the automotive industry is rapidly emerging as a high-growth area. With a CAGR of 9.3% projected from 2025 to 2032, demand is rising due to trends in electric vehicle production, fuel efficiency requirements, and regulatory mandates. Textiles and consumer goods are also adopting r-PET in response to market demand for greener Analysis Asia PacificAs the leading region, Asia Pacific will account for 45% of the global r-PET market in 2025. Countries like China and India are driving this dominance with large-scale industrialization, investment in recycling infrastructure, and strong government support for sustainable development. The region is expected to maintain its lead with a CAGR of 9.9% through r-PET market is forecasted to grow from US$ 3.86 billion in 2025 to US$ 6.51 billion by 2032, marking a CAGR of 7.8%. Countries such as Germany, France, and the UK are leading this trend, supported by stringent environmental regulations, circular economy frameworks, and innovation-driven AmericaThe North American market is expected to grow at a CAGR of 8.6% from 2025 to 2032. The region benefits from advanced R&D capabilities, early adoption of sustainable technologies, and supportive government policies. The U.S. leads this growth, particularly in sectors like construction, packaging, and consumer AnalysisThe global r-PET market is becoming highly competitive, with companies focusing on increasing recycling capacities, improving purification processes, and enhancing product quality. Leading players are investing in R&D to develop next-generation recycling technologies and to address contamination key developments include: Indorama Ventures Public Company Limited expanding its recycling plant in Poland by 30% in January 2025. Plastipak Holdings forming a strategic partnership with Clean Tech UK in December 2024 to enhance purification technology for food-grade r-PET. Key Market Players Indorama Ventures Public Company Limited Phoenix Technologies International, LLC Biffa Alpek Plastipak Holdings, Inc. Clear Path Recycling, LLC ALPLA Group Evergreen Plastics, Inc. UltrePet LLC JP Recycling Ltd. Extrupet Group (Pty) Ltd. PolyQuest DuFor These companies are focused on strategic expansions, collaborations, and innovations to strengthen their market positions and meet rising global demand for sustainable CommentaryPlastic waste continues to be a major environmental challenge, with over 300 million KT generated annually. PET remains one of the most used and recycled plastics due to its versatility and widespread application in packaging, textiles, and more. With increasing regulatory pressure and corporate sustainability commitments, the shift toward r-PET is not only desirable but necessary. Companies like P&G, Coca-Cola, PepsiCo, and Nestle are setting ambitious goals to achieve 100% recyclability or reusability by 2030, highlighting the direction the market is By Product Type Flakes Fibers Resins By Application Packaging Food & Beverage Pharma Personal Care Misc. (Agrochemicals, etc.) Textiles Strapping Footwear Automotive Flooring Materials Misc. (Engineered Resins, etc.) By Region North America Europe Asia Pacific Latin America The Middle East & Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Time of India
15-05-2025
- Business
- Time of India
Chemco, Kandoi Group to set up Rs 450-crore packaging units in Gujarat
Chemco Group, a plastic packaging firm, on Thursday said it will set up two new plants in Gujarat , involving a cost of Rs 450 crore in partnership with Kandoi Group of Industries. "Chemco Kandoi Group of announced a strategic joint venture to build two fully-integrated greenfield manufacturing facilities in Vapi and Dahej, Gujarat," the company said in a statement. The upcoming units will offer a closed-loop system from PET (Polyethylene Terephthalate) bottle collection and washing to tape extrusion, weaving, and final bag fabrication, ensuring full traceability, consistent quality, and reduced environmental impact . "By transforming everyday PET waste into high-performance industrial packaging, we want to create value not just for businesses, but for communities and the environment," Chemco Group Chairman Ram Saraogi said. Designed to recycle over 10 million PET bottles per day (approximately 3.6 billion annually), the plants will operate entirely on renewable energy and offer a low-carbon alternative to traditional polypropylene and polyethylene packaging. "This partnership brings together two industry leaders with deep technical expertise and a shared commitment to circularity," Niranjan Agarwal, Managing Director, Kandoi Group of Industries, said.
