The Companys ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through its materials science expertise and collaboration with its partners. Explore a timeline of GE technologies that have spurred transformation across the world. According to the packaging producer, it achieved sales of $1,284 million in its fourth quarter, which ended Dec. 31, 2020, compared with $1,275 million in the third quarter of 2020 and $1,227 million in the fourth quarter of 2019. Kraft Heinz Co., which is co-headquartered in Chicago and Pittsburgh, has completed a pilot project that demonstrates the use of roof board made from recycled flexible packaging. vOut +=', '; GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. 14-Apr-2022 at 09:17 GMT. Cyclyx redirects more difficult to recycle plastic into recycling by tapping into extensive data on the chemical composition of post-use plastics and using AI and predictive analytics to put it to use. Plourde says, A large portion of our announcedmodernization investments in the Tissue segment have been completed, with the remaining two state-of-the-art converting lines expected to be installed in the coming quarters. Cyclyx also will assist in the development of new supply chains that will aggregate and preprocess larger volumes of post-use plastics than current systems can support. Were excited to welcome Dow to Cyclyx and Mary-Jane to the executive advisory board, stated Joe Vaillancourt, CEO of Cyclyx. We initially developed Cyclyx to help source plastic feedstocks appropriate for facilities we are currently developing on three different continents. ", He says, As we continue to navigate the challenges and uncertainties inherent in the ongoingpandemic business environment, we remain focused on ensuring the health and safety of our employees and on proactively engaging with our customers to ensure that their needs and expectations are met consistently, promptly and professionally.. Explore a career with us.

Final installation of a recycled roof in Holland, Michigan, , Tigard, Oregon, a wholly owned subsidiary of Oslo, Norway-based Agilyx AS, has partnered with ExxonMobil to form. Honeywells UpCycle Advanced Recycling Tech Enters China. As we take on new datasets and challenges with new consortium partners, the AI team at GE Research will be able to build more robust analytics tools that not only expand industry applications but also lead to further improvements in recycling solutions, said Pat Patnode, President and CEO, GE Licensing. We expect these investments to be fully funded by solid projected cash flows for the year, in part driven by our ongoing margin improvement initiatives that are targeting net revenue management, production efficiency, organizational effectiveness and supply chain optimization. function sanitize_gpt_value2(gptValue) Cyclyx International, LLC. References to Dow or the Company mean Dow Inc. and its subsidiaries. The company says operating income before depreciation and amortization (OIBD) was $181 million in the fourth quarter of 2020 compared with $154 million in the third quarter of 2020 and $76 million in the fourth quarter of 2019. Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth.

vOut += aTags[i].trim().replace(reg, '-').substring(0,40); Kraft Heinz continues to search for ways to make our packaging recyclable and to incorporate recycled content within our supply chain., Susan Graff, vice president of Michigan-based Resource Recycling Systems and a MRFF research director, adds, This Kraft Heinz project is a powerful example of environmental stewardship, reducing use of virgin materials by choosing roofing material made of recycled flexible plastic packaging. Working with recyclers, theyve provided a model for addressing expectations for full life cycle management of plastic while using an efficient, low-cost package for consumer product protection.. It is also advocating for the infrastructure to enable these technologies. Cyclyxs aim is to transform the current supply chain and help accelerate the growth of the advanced recycling industry by connecting companies looking for plastic waste solutions with customers engaged in recycling initiatives, according to a news release issued by Agilyx. Answers to popular and relevant inquiries. Contact information for general inquiries and feedback. Cyclyx is currently establishing partnerships with companies in diverse sectors, including petrochemicals, waste and recycling, and retail, as well as municipalities. Processing & Packaging, Free newsletter According to its earnings report presentation, shipments within the Packaging Products and Containerboard segment decreased 3 percent sequentially, driven by a 6 percent decrease in manufacturing shipments that reflects 1 percent lower capacity utilization rate and higher integration rate in the current period. In its earnings presentation, the company reports shipments in this segment increased 5 percent on a sequential basis in the fourth quarter of 2020, driven by a 7 percent increase in shipments of converted products in all market segments, which is a reflection of weaker shipment levels in the prior quarter related to COVID-19s impact on demand levels, primarily for away-from-home converted products. Over the coming months, Cyclyx will highlight these relationships through additional announcements. If the recycled materials perform as well as or better than standard building materials, Kraft Heinz says it will strongly consider standardizing the use of this recycled material in the future. The company plans to report on its use of recycled content to the Association of Plastic Recyclers Demand Champion program, having joined late last year. Accomplished leaders building GEs legacy. The company aid it will leverage Cyclyx customized takeback programs to increase material recovery and other innovations, allowing for higher amounts of recycled content in its products in the future. + 41 43 883 0396 Read GEs 2022 Proxy Statement, vote your shares and access the 2022 Annual Meeting. GE noted that it has successfully developed and applied innovative digital solutions across its major industry sectors in aviation, energy, healthcare, and transportation that have delivered more efficient products and services and created hundreds of millions of dollars in new business value for GE and its customers. Explore GEs recent and historic SEC filings. Dow has been very progressive in its commitment to environmental sustainability. Contact us to have your plastic waste streams recycled at [emailprotected]. As a company striving to increase global plastic recovery, we have found that the data generated over our history can be used as a key tool to greatly expand and accelerate the recycling of post-use plastics, stated Joe Vaillancourt, CEO of Agilyx. Our energy expertise spans from renewable wind energy to emission-reducing natural gas, as well as physical and digital solutions to modernize the grid connecting it all. Copyright 2022. The Scrapper series comes in capacities ranging from 25 tons to 45 tons, which Cardinal Scale says provides an excellent low-cost scale for midsized trucks and pickup trucks pulling trailers.. Cascades reports that its fourth-quarter performance was driven by a solid contribution from its Containerboard segment, fueled by stronger-than-expected demand on both the manufacturing and converting side. Lines and paragraphs break automatically. The company tested roofing made from postconsumer flexible plastic at two of its manufacturing plants in Wisconsin and Michigan. COVID-19 caused delays, but Mexico City-based Grupo Gondi has reported that its new 400,000-metric-tons-per-year containerboard mill, fed with scrap paper, began producing its first rolls in January. for (var i=0; i < aTags.length; i++) The company adds that its tissue operations in Pennsylvania ceased in December 2020. Our test project highlights the companys commitment to sustainable packaging and the priority it places on its environmental, social and governance commitments. Leveraging Agilyxs expertise in plastics recycling and the scale of partners like ExxonMobil, we aim to create a lasting and impactful change., We see Cyclyx as helping to fill an important missing link in the plastics recycling value chain that is needed for advanced recycling solutions to scale, Karen McKee, president of ExxonMobil Chemical Co., says.

Plourde says the Tissue segment generated a solid fourth-quarter adjusted OIBD margin of 10.5 percent in spite of ongoing challenging market conditions. GE is now applying that model with Agilyx to deliver transformational improvements in plastics recycling. On its website, Grupo Gondisays it has seven mills in total, including a large complex in Guadalajara. Cyclyx International Inc. aims to dramatically increase the recyclability of post-use plastics with a priority on fully circular pathways. Sign up to our free newsletter and get the latest news sent direct to your inbox. Access GEs recent and historic Annual Reports and accompanying materials. Learn how were delivering on our priorities. Web page addresses and e-mail addresses turn into links automatically. { Together with our customers, were proving that no one is ever limited to only affordable, reliable, or sustainable energy. Dows sustainability journey began more than 30 years ago, and today the company is delivering against its 2025 Sustainability Goals, its third generation of 10-year goals, developed in alignment with the United Nations Sustainable Development Goals, and also recently announced additional targets directed specifically at addressing climate change and plastic waste. PORTSMOUTH, New Hampshire, USA, January 20, 2022 Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that Dow (NYSE: DOW) has joined the Cyclyx consortium. (Cyclyx) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. Over the coming months, Cyclyx will highlight these relationships through additional announcements. All rights reserved. The pilot was made possible through the companys participation in Materials Recovery for the Future (MRFF), which is a nonprofit research collaborative that is working to prove technical and economic feasibility to collect, sort, bale and recycle flexible plastic packaging. The Cyclyx platform is designed as an industry consortium comprising partners across the value chain, which will enable Agilyx and GE to have much broader impact across industry sectors with innovative plastic recycling solutions. Operating income was at $366 million compared with $261 million in 2019, and operating income before depreciation and amortization was $665 million for the year compared with $550 million in 2019. Creating the energy technologies of the future and improving the power networks that we depend on today. Agilyx is the pioneer in chemically recycling difficult-to-recycle post-use plastic streams into a variety of products including circular virgin like plastics, chemical intermediates, and fuels. The Cyclyx business model brings tangible solutions, turning plastic waste into valuable new products. This website uses cookies to provide you the best experience. Sealed Air has pledged to advance or design 100% of its solutions to be recyclable or reusable by 2025 and have those solutions contain on average 50% recycled or renewable content. If you do not accept the deployment of cookies or restrict them in any way, you will not be able to use all the interactive functions on our website. The new Grupo Gondi mill and paper machine will make lightweight linerboard and medium paper machine, according to RISI. GE has successfully developed and applied innovative digital solutions across its major industry sectors in aviation, energy, healthcare and transportation that have delivered more efficient products and services and created hundreds of millions of dollars in new business value for GE and its customers. Read the latest GE financial news releases and stories. In 2019 Agilyx entered into a partnership with General Electric through its Licensing and Research divisions to develop artificial intelligence (AI), machine learning (ML) and predictive modeling (PM) and optimization tools that utilize Agilyxs extensive data and domain knowledge to significantly increase plastic recycling rates for all post-use plastics and create new recycling pathways. He says, These results demonstrate good operational execution within the context of a challenging environment, benefits being realized from our ongoing margin improvement initiatives and the resiliency and dedication of our employees throughout the challenges of COVID-19.. We share societys concern about plastic waste, and our new joint venture is an important step in our efforts to develop advanced recycling technologies and approaches to help meet demand for certified circular polymers.. Additionally, Plourde says he predicts higher average old corrugated container (OCC) costs in the near-term future, increasing in line with usual seasonal trends of the period. GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. Their membership will be a great addition in our effort to help drive the recycling rate of plastic from 10% to 90%.. Were continuing to do all we can to support our customers and employees during this unprecedented time. At GE, we rise to the challenge of building a world that works. } Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors. Registered in England and Wales.

The Cyclyx International LLC joint venture combines Agilyxs experience in converting end-of-life plastics through its pyrolysis process with Spring, Texas-based ExxonMobils technology expertise and large-scale petrochemical manufacturing network. Agilyx Launches Feedstock Management Company Cyclyx International, A Powerful Tool for Reverse Engineering of Polymer Films & Other Materials, High-load ball screws bring greater force, larger parts to electric injection molding, Achieve 20 times greater efficiency at color and material changeover, New Rapid-Cure, Self-Adhesive LSR Forms Firm Bond with Polycarbonate, Massless Prototyping an Energy-Saving Alternative to 3D-Printed Physical Parts, Polymers Enhance Tractor Functionality and Efficiency, Plastics Exec Recruitment Firm Grows with Industry, Hanwha Delivers Carbon-Fiber-Reinforced Hydrogen Tanks to Shell, Allowed HTML tags:

. $(document).ready(function() { VP, Communications & Government Affairs The company says the average selling price in Canadian dollars was stable in the quarter. At GE, we are committed to building a more diverse workforce and a more inclusive workplace.

For more information, follow us on social media and visit us at www.agilyx.com. Plourde concludes that he expects 2021 to be a busy year for Cascades. Dows targets on eliminating plastic waste in the environment align well with Cyclyxs mission to increase the recycling rate of plastics from 10% to 90%.. He continues, The European Boxboard segment announced the acquisition of Papelera del Principado S.A. (Paprinsa) and three affiliated companies will strengthen and consolidateRenode Medici's competitive positioning within European recycled boxboard markets and is expected to close at the end of the first quarter of 2021.. Sealed air, Packaging, Recycling, Sustainability, Plastic Over the last 16 years, through extensive research and commercial operations, Agilyx has developed the industrys largest database and predictive analytics around the chemical complexity embedded in waste plastics. } contact, 14-Apr-2022 The company says that transaction is expected to close at the end of the second quarter of 2021. Cyclyx is looking for member companies including retailers, brand owners, waste management companies, petrochemical companies, municipalities and others looking for solutions to address plastic waste in the environment. As a result, we have created Cyclyx so that Agilyx and many other companies can work together to help bridge that gap., The launch of Cyclyx and efforts to establish new partnerships will expand the impact GEs digital solutions have in the recycling of post-use plastics across multiple industries, said Pat Patnode, President and CEO, GE Licensing. Subscribe He concludes that results in European Boxboard are expected to remain stable as well, with higher volumes and a favorable exchange rate mitigating higher forecasted raw material and energy costs. State of the Municipal Recycling Industry, Recycling Today Global Edition back issues, SSIs Pri-Max Primary Reducer is the last preshredder youll ever need, 2022 GIE Media, Inc. All Rights Reserved. By clicking the Accept button below, you are consenting to receive and store cookies from our site. It has accomplished this by harnessing its deep industry domain knowledge and expertise in the physical sciences to inform and create new digital capabilities with AL, ML, and predictive modeling and analytics at GEs Research Center. Learn more about our culture, businesses, and life at GE. Cascades says its forecasted 2021 capital expenditures will be between $450 million and $475 million, including $250 million for the Bear Island containerboard conversion project in Virginia. if (i!=(aTags.length-1)) Shipments of converted products increased by 1 percent on a sequential basis. Number 8860726. Plourde concludes that Cascades near-term outlook is positive despite ongoing COVID-19-related uncertainty. He says containerboard demand remains strong and, combined with recent industry price increases, will help to offset raw material price increases. Huskys Essential Guide to Lightweighting, Protect Dairy with the Power of Fermentation, Cargill dairy innovation: Plant-based dairy alternatives, Sign up to our free newsletter and get the latest news sent direct to your inbox, Processing Equipment & Systems, Automation, Control, Packaging & Packing Materials, Containers, News & Analysis on the Dairy Industry & Markets.

Sitemap 62