Nexam Chemical Announces Broad Initial International Commercial Traction for IV Enhancers in rPET Sheets
07/19/2024
Nexam Chemical, a leading innovator in the field of high-performance additives for plastics, proudly announces significant international commercial traction for its Intrinsic Viscosity (IV) enhancers in recycled PET (rPET) sheets. This breakthrough has garnered substantial interest and initial orders from key markets including Pakistan, the USA, Australia, Mexico and various regions in South America.
As global sustainability efforts intensify, the demand for recycled materials continues to surge. Nexam Chemical’s advanced IV enhancers (improve the so-called intrinsic viscosity (IV), a key process parameter) play a critical role in improving the performance and quality of rPET sheets, making them suitable for a wide range of applications from packaging to industrial use. By enhancing the intrinsic viscosity, these additives ensure that rPET sheets exhibit superior mechanical properties, durability, and clarity, thus meeting the stringent requirements of diverse industries.
Key Highlights:
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Pakistan: The burgeoning packaging industry in Pakistan has shown significant interest, recognizing the potential of Nexam Chemical’s IV enhancers to improve the quality and performance of locally produced rPET sheets and for use in other fields of rPET recycling. A new local partner agreement has been signed.
USA: Sale of IV enhancers specifically for PET foamed sheets, used to replace polystyrene foam in food packaging, to meet the growing consumer demand for sustainable packaging solutions.
Australia: With a strong commitment to sustainability, Australian companies are looking to Nexam’s IV enhancers to enhance the quality of recycled materials, thereby supporting national recycling targets. First commercial scale orders are expected within short.
Mexico and South America: The recycling sector in these regions is rapidly expanding, with companies seeking advanced solutions to upgrade their rPET sheets to meet international standards and performance requirements. Channel sales agreement covering these regions has been agreed upon, and is expected to generate increasing commercial volumes.
Henrik Bernquist, Business Manager at Nexam Chemical, says, “We are thrilled to see such positive initial traction across diverse global markets. Our IV enhancers are proving to be an important part of the toolbox for the rPET industry, enabling companies to produce high-quality recycled products that meet the demands of today’s environmentally conscious consumers. This marks a significant step forward in our mission to contribute to a more sustainable world.”
As a cleantech company, Nexam Chemical remains committed to innovation and sustainability, continually developing cutting-edge solutions that drive the circular economy. With this robust international interest, the company is poised to expand its market presence and further support the global shift towards sustainable materials.
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.