Page 36 - Plastics News September 2018

COMPANY NEWS

Nova Chemicals investing $2 million to reduce plastic debris in oceans

hemical maker Nova Chemicals Corp. will make Project Stop has three objectives: Zero leakage of
Ca three-year investment of nearly $2 million to waste into the environment by ensuring waste collection
prevent plastic debris from reaching the oceans.The services are available to all households and businesses,
investment supports Project Stop, a new global initiative through increasing pick-up points, sorting facilities and
to design and implement solutions to reduce marine staff; increased recycling of plastics by strengthening the
plastic pollution especially in countries with high leakage supply chain from waste collection to waste management
of plastics into our oceans. Southeast Asia has been FRPSDQLHV DQG SURYLGLQJ EHQHÀWV IRU WKH ORFDO FRPPXQLW\
LGHQWLÀHG DV D PDMRU VRXUFH RI PDULQH SODVWLF GHEULV DV by creating new jobs in the waste management system
economic development and plastics consumption have and reducing the impacts of mismanaged waste on public
outpaced the expansion of waste management systems KHDOWK WRXULVP DQG ÀVKHULHV
in the region. Project Stop has chosen Indonesia as a
primary focus region.
Treofan Americas renamed as
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plastic pollution and agree we must take meaningful Innovia Films
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1RYD·V VHQLRU YLFH SUHVLGHQW 3( EXVLQHVV ´3ODVWLFV DUH lexible films manufacturer Treofan Americas,
Frecently acquired by Toronto-based CCL Industries,
has been renamed as Innovia Films. The rebranding
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of Treofan being acquired by Toronto-based CCL
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company which has a broader global footprint and to
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opportunity to harmonise its global identity under a
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have managed to capture the essence of what Innovia
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Films does while transitioning the brand closer to
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to prevent plastic pollution in critical locations around &&/·V µ,QQRYLD )LOPV LV D SURGXFHU RI ELD[LDOO\ RULHQWHG
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services in place, many citizens are forced to dump
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location due to the seriousness of the challenge, coupled $XVWUDOLD %HOJLXP 0H[LFR DQG WKH 8 . ,QQRYLD
with strong leadership and environmental commitment Films was bought by CCL Industries for $1.13 billion
DW QDWLRQDO UHJHQF\ DQG ORFDO OHYHOV µ 3URMHFW 6WRS in 2016. CCL Industries then acquired Treofan America
was co-created in 2017 by Borealis and SYSTEMIQ. and Trespaphan Mexico Holdings for approximately
%RUHDOLV D VLVWHU FRPSDQ\ RI 1RYD SURYLGHV SRO\ROHÀQV $255 million earlier this year. CCL said the transaction
and other base chemicals; SYSTEMIQ is a firm that IROORZHG D SHULRG IRU ,QQRYLD LQ ZKLFK LW ´VXEVWDQWLDOO\
develops solutions for sustainable land-use, material and HQKDQFHG WKH FDSDELOLWLHV DQG SHUIRUPDQFHµ
energy systems. RI LWV ÀOP EXVLQHVV

Plastics News September 2018 36