Page 54 - Plastics News November 2018
P. 54

Business news



          Reid Canada acquires Polybottle                        AmSty and Agilyx form

          Group Limited and Humberline                           joint venture for Polystyrene
          Packaging                                              Recycling



             eid Canada Inc., a subsidiary of Consolidated Container   mSty a leading integrated producer of polystyrene
          RCompany (CCC), has acquired Polybottle Group  Aand styrene monomer based in Texas, have signed a
          Limited and Humberline Packaging Inc. from ABC Group.   Letter of Intent to form a joint venture with Agilyx, an
          With  manufacturing  facilities  in  Toronto,  Vancouver   environmental technology and development company
          and Edmonton, Polybottle and Humberline are leading    that  will  assume  operations  of Agilyx’s  first-in-kind
          manufacturers of plastic bottles for the food, beverage,   polystyrene recycling facility in Tigard, Oregon. The
                                                                 process converts used polystyrene products back into
                                                                 their original liquid form, styrene monomer. Fresh
                                                                 polystyrene products can then be made without
                                                                 degrading quality or value.  This form of circular
                                                                 recycling is known as the PolyUsable™ process.

                                                                 Last August AmSty and Agilyx announced an offtake
                                                                 agreement to process recycled styrene monomer from
                                                                 Agilyx’s Tigard, Oregon, facility at AmSty’s styrene
                                                                 monomer plant in St. James, Louisiana. “We are excited
                                                                 to work with Agilyx, a leading developer of recycling
                                                                 technologies for plastics, as we continue to improve
                                                                 our PolyUsable™ process assuring polystyrene remains a
          automotive, and industrial and specialty chemical      viable and growing component of the circular economy,”
          industries. Sean R. Fallmann, President and Chief Executive   said Brad Crocker, President and CEO of AmSty.AmStyis
          Officer  of  CCC,  said,  “We  welcome  the  employees  of   a member of the American Chemistry Council and
          Polybottle and Humberline into the CCC family. These   its Responsible Care initiative. Agilyx has developed
          companies have great leadership teams and a strong     the first full-circle system capable of recycling post-
          reputation of consistently providing quality products and   consumer polystyrene (packaging materials, foam
          excellent customer service. This acquisition is another   cups, etc.) into styrene monomer, which is then used
          step in CCC’s North American growth strategy, in which we   to make new polystyrene (“PS”) equal in quality and
          combine strategic asset acquisitions with new innovative
          products to better meet our customers’ needs.”
          This acquisition, combined with the acquisition of Montreal
          based DeltaPac in the second quarter of this year, will be
          the foundation for CCC’s launch of its Dura-Lite® family
          of packaging for food, beverage, and industrial markets.
          “With this strong foundation in place, we are very excited
          at the opportunity to expand our operations in Canada and
          introduce our innovative Dura-Lite® family of bottles to
          new customers,” Fallmann added. Dura-Lite® is designed
          to use 10% to 25% less plastic than comparable traditional
          designs, while meeting or exceeding the key performance   composition to the original product. The company has
          attributes of those traditional designs. With the addition of   also commercialized a technology that converts mixed
          EcoPrime®, a recycled resin safe for food contact, customers   plastics to high quality VGO crude. Agilyx is working
          will further strengthen their brand’s sustainability story. To   with waste service providers, municipalities, refiners,
          date, CCC has shipped over 300 million Dura-Lite® bottles   and private and public enterprises to develop closed-
          to customers throughout the United States including several   loop industrial solutions for mixed waste plastics.
          national beverage manufacturers.

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