Page 33 - Plastics News June - 2020

Manjushree sets up recycling plant in A l t i v i a a c q u i re s K M C O C h e m i c a l
Bengaluru; plans more plants across India Ethoxylation assets
ltivia Oxide Chemicals, LLC, an affiliate of ALTIVIA
anjushree Technopack Limited (MTL), a rigid
APetrochemicals has acquired KMCO and its
Mplastics packaging company, has launched its new associated chemical ethoxylation manufacturing
initiative Born Again to deliver recycled packaging assets in Crosby, Texas. The facilities, located on 160
material to the FMCG Industry. The first of the acres near Houston, include 31 reaction and
distillation trains with capacity for ethylene and
company's state-of-the-art recycling plants was
propylene oxide reactions as well as a broad range of
inaugurated on 15 June in Bidadi Industrial Area,
organic reactions including polymerization,
Bengaluru. The plant has the capacity to process more neutralization, and condensation. Products include
than 6,000 metric tonnes (MT) of rigid plastic virgin- surfactants, lubricant additives, fuel additives, and a
variety of ethoxylation and propoxylation based
intermediates. Its products service the coatings,
automotive, fuels and lubricants, and surfactant
industriesAltivia plans a $25 million process safety and
control systems upgrade to the facilities and will start
production in two new oxide reactors by the end of this
year. “We have completed a detailed evaluation of
these assets and are looking forward to starting
production by year end.
T h e r e a c t i o n c h e m i s t r i e s i n C r o s b y a r e
complementary to Altivia's current product offerings
and will provide our customers important sourcing
options,” said Altivia CEO J. Michael Jusbasche.
like quality PCR resin per annum. To collect the plastic
Headquartered in Houston, Texas, privately-held
waste generated across the city, MTL has partnered ALTIVIA was founded in 1986 as a water treatment
with a leading social enterprise, Saahas Zero Waste chemical producer. ALTIVIA covers five business
(SZW) that manages 38 tonnes of waste per day across segments: petrochemicals, ketones & additives (Nov
Bengaluru, Chennai, Hyderabad, Mumbai, and Goa.
Manjushree intends to set up multiple recycling plants
across India over the next two years with a total
capacity of close to 20,000 MT. Born Again, (a venture
under MTL New Initiatives Ltd), is MTL's first step
towards building an ecosystem of circular
consumption. It is vertically integrated with the plastic
waste collection ecosystem, with an objective to
reduce the amount of plastic waste going to landfills
and to deliver virgin-like quality PCR (post-consumer
recycled) resin (PP and HDPE) to FMCG customers.
Sanjay Kapote, chief executive officer of MTL said, 2019), specialty chemicals, inorganic water treatment
chemicals, and product transportation from our
“Sustainability is an integral part of our business goals.
terminals in Texas and Ohio. Each facility specializes
We are very keen to support the circular economy and
in its own product line of industrial chemicals and
strongly see the potential to become one of the few intermediates used in numerous petrochemical,
players in the industry to offer brands end-to-end agrochemical, pharmaceutical, and water treatment
solutions for recycling and EPR (extended producer applications. It is the largest merchant producer of
phosgene derivative intermediates, and operate the
responsibility).”
third-largest merchant production facility of phenol,
acetone, alpha methylstyrene, and bisphenol-A in
America.

June 2020 33 Plastics News