SABIC
K 2022: Global market to be “very challenging” in early 2023 / Circular BOPP wrapper with Mars Wrigley
 The Sabic manager expressed optimism about the latter part of 2023 (Photo: PIE/Culp) |
Saudi resin maker Sabic (Riyadh; www.sabic.com) has warned of demand problems in the global market in the first part of next year.
The company expects “a very challenging beginning of next year, said Sami Al-Osaimi, acting VP of petrochemicals at the Saudi producer in response to Plasteurope.com at the K 2022 Show in Düsseldorf, Germany.
He said the company expects improvements in the situation by mid-year. “I’m really optimistic,” he noted, adding that he expects that the market will “balance itself”.
Al-Osaimi touted the producer’s work on recycled materials and pointed to a recent cooperation with US candymaker Mars Wrigley (Hackettstown, New Jersey; www.mars.com) and German waste specialist Landbell (Mainz; www.landbell-group.com). Sabic said biaxially oriented polypropylene (BOPP) film based on its circular Trucircle PP from feedstock recycling of post-consumer plastics will be used to wrap the American company’s Kind brand snack bar.
The mono-material packaging solution continues the partners’ efforts to support a circular economy, Sabic said.
The company expects “a very challenging beginning of next year, said Sami Al-Osaimi, acting VP of petrochemicals at the Saudi producer in response to Plasteurope.com at the K 2022 Show in Düsseldorf, Germany.
He said the company expects improvements in the situation by mid-year. “I’m really optimistic,” he noted, adding that he expects that the market will “balance itself”.
Al-Osaimi touted the producer’s work on recycled materials and pointed to a recent cooperation with US candymaker Mars Wrigley (Hackettstown, New Jersey; www.mars.com) and German waste specialist Landbell (Mainz; www.landbell-group.com). Sabic said biaxially oriented polypropylene (BOPP) film based on its circular Trucircle PP from feedstock recycling of post-consumer plastics will be used to wrap the American company’s Kind brand snack bar.
The mono-material packaging solution continues the partners’ efforts to support a circular economy, Sabic said.
19.10.2022 Plasteurope.com [251403-0]
Published on 19.10.2022
German version of this article...