Equipoly­mers presents ‘Viridis 25,’ an EQUATE ini­tia­tive

Kuwait Times - - Business -

KUWAIT: Equipoly­mers (EQP), a sub­sidiary of EQUATE Group for petro­chem­i­cals, has an­nounced the launch of the in­no­va­tive ‘Viridis 25’, which will pro­vide a new cat­e­gory of poly­eth­yl­ene tereph­tha­late (PET) used in the pro­duc­tion of bev­er­age bot­tles through (ther­mo­form­ing).

In a state­ment to Kuwait News Agency (KUNA), Dr Ramesh Ra­machan­dran, Pres­i­dent and CEO of EQUATE, said: “The Viridis 25 tech­nol­ogy is based on the fact that it con­tains 25 per­cent of re­cy­cled PET as feed­stock, the high­est per­cent­age achieved so far.” He pointed out that this prod­uct is ex­pected to have many ben­e­fits and a clear and pos­i­tive im­pact on the en­vi­ron­ment and thus will be re­flected on the com­mu­nity as a whole as it will re­sult in higher rates of plas­tic re­cy­cling through the in­creas­ing de­mand for re­cy­cled PET flakes. He pointed out that Viridis 25 will con­trib­ute to pro­mot­ing the ap­pli­ca­tion of the plas­tics strat­egy guide­lines in ac­cor­dance with Eu­ro­pean stan­dards, which will bring eco­nomic and in­dus­trial per­spec­tives closer to­gether, de­creas­ing the need for the use of vir­gin PET and re­duc­ing car­bon diox­ide emis­sions by 54 per­cent.

Re­gard­ing the de­tails for de­vel­op­ing the project,

Ra­machan­dran said that EQP had launched in 2009 a project called Viridis; a prod­uct of PET con­tain­ing up to 10 per­cent re­cy­cled PET. He pointed out that the project (Viridis) com­plies with the Eu­ro­pean reg­u­la­tions on plas­tics that are used with food and there­fore can be used in the pro­duc­tion of bev­er­age bot­tles and in prod­ucts that are formed through heat (ther­mal for­ma­tion). In 2016, EQP and Coca-Cola started col­lab­o­rat­ing in Viridis 25, a prod­uct of PET con­tain­ing 25 per­cent re­cy­cled PET.

Ra­machan­dran noted that the Viridis 25 project came as a re­sponse from EQP to the re­quire­ments of the Eu­ro­pean Com­mis­sion’s cir­cu­lar econ­omy re­quire­ments, which are in line with the guide­lines for the Eu­ro­pean Plas­tics Strat­egy. EQP was es­tab­lished in 2004 to pro­duce and mar­ket PET, which is used in the man­u­fac­ture of plas­tic bot­tles. EQP is 100 per­cent owned by MEGlobal, which is a wholly-owned sub­sidiary of EQUATE as part of the EQUATE Group.

He ex­plained that EQP pro­duces PET, which is a raw ma­te­rial for the man­u­fac­ture of high-qual­ity plas­tics to pro­duce bot­tles specif­i­cally. Some of the ad­van­tages of this prod­uct in­clude trans­parency to en­sure op­ti­mum prod­uct pre­sen­ta­tion, low weight means that cus­tomers carry only the drink while the weight of the pack­age is neg­li­gi­ble, as well as strength en­sures sturdy, prac­ti­cally un­break­able and safe pack­ag­ing, he pointed out. EQP pro­duces about 350,000 met­ric tons per an­num of PET. EQP is a lead­ing provider of sus­tain­able so­lu­tions for the plas­tics in­dus­try and is fully sup­ported by the EQUATE Group in pro­vid­ing Viridis 25 as a com­mer­cial prod­uct dur­ing Q4 2019.

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