return vOut; "Our work with Cyclyx supports Dows collaboration on leading technologies to enable a sustainable future with resource-efficient production of certified circular plastics to preserve the environmental benefits of plastics, including the critical role plastics play in reducing carbon emissions," said Hogg. for (var i=0; i < aTags.length; i++) For more information, follow us on social media and visit us at www.agilyx.com. 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 AI, ML and predictive modeling and analytics tools that not only expand in industry applications but also lead to further improvements in recycling solutions.. GE (NYSE:GE) drives the world forward by tackling its biggest challenges: Energy, health, transportationthe essentials of modern life. Dows portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. , a trading division of Informa PLC. function sanitize_gpt_value2(gptValue) Honeywells UpCycle Advanced Recycling Tech Enters China. Contact us to have your plastic waste streams recycled at [emailprotected]. Web page addresses and e-mail addresses turn into links automatically. We quickly discovered that our process was greatly needed by others in the advanced recycling as well as mechanical recycling industries. var reg = new RegExp('\\W+', "g"); Contact information for general inquiries and feedback. All rights reserved. Mario Plourde, president and CEO of Cascades, says the companys consolidated adjusted OIBD of $166 million surpassed the companys cautious outlook for the period, representing an increase of 2 percent sequentially and 9 percent year over year, driving profitability to a record level for a third consecutive year. We initially developed Cyclyx to help source plastic feedstocks appropriate for facilities we are currently developing on three different continents. 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. Our mission at Agilyx is clearto help solve the issue of plastic waste., This joint venture represents an entirely new proposition about the way we handle plastic waste, adds Joe Vaillancourt, the newly appointed chief executive officer of Cyclyx International LLC. 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. 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. 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. For more information, visit us at www.cyclyx.com. Sealed air, Packaging, Recycling, Sustainability, Plastic Additionally, Reno De Medici S.p.A. had announced the signature of a put option for the sale of Cascades French subsidiary, which produces virgin fiber-based boxboard, in February 2021. The Scrapper series scales are ideal for scrap yards, recycling centers. GE is now applying that model with Agilyx to deliver transformational improvements in plastics recycling. 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. } Remember, you can manage cookies in your browsers settings. According to a news release from Cardinal Scale, the Scrapper uses high-tensile-strength, prestress concrete (PSC) deck weighbridge that is 10-feet wide with lengths up to 52-feet long. Voices is a network for GEs US supporters interested in the companys impact in their communities and in issues that impact the company. On its website, Grupo Gondisays it has seven mills in total, including a large complex in Guadalajara. 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. GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. vOut = vOut.toLowerCase(); Cyclyxs unique approach to significantly increase plastic recycling rates supports Dows commitment to boost plastic circularity and keep plastic out of the environment, said Hogg. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. 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. Agilyx has expertise in converting difficult-to-recycle post-use plastic waste streams into a variety of products, including circular virgin-like plastics, chemical intermediates, and fuels. Mary-Jane Hogg, global director of waste strategy for Dow, will serve on the executive advisory board of Cyclyx. }); Dr Ron Cotterman, vice president of sustainability innovation and strategy at Sealed Air will join the groups executive advisory board. The highlight will be ourBear Islandcontainerboard project, which will account for the lions share of our capex program, he says. 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. 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.. Access GEs recent and historic Annual Reports and accompanying materials. Answers to popular and relevant inquiries. In addition, Cardinal Scale offers single-source convenience and quality construction using stainless steel model CBC compression load cells. Cascades says its Tissue segment generated good results, with stable consumer retail tissue demand helping to offset lower demand levels for away-from-home products as a result of the pandemic. 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. The company has not only developed these first-to-market products, but has also developed a feedstock management company Cyclyx International, Inc. and is working with many waste service providers, municipalities, petro-chemical, and many brand and retail companies to develop closed-loop advance recycling solutions for mixed waste plastics. 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. vOut += aTags[i].trim().replace(reg, '-').substring(0,40); Grupo Gondi staff members are now on the job in Monterrey, Mexico, at the companys new containerboard mill. 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.. ", 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.. - Last updated on The company adds that its tissue operations in Pennsylvania ceased in December 2020. Accomplished leaders building GEs legacy. These initiatives are expected to contribute 1 percent annually to consolidated OIBD margins in both 2021 and 2022, regardless of external factors. 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.. A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. The Cyclyx platform has been developed to be an industry consortium comprised of partners across the value chain, which will enable Agilyx and GE to have much broader impact across the many other industry sectors with its innovative plastic recycling solutions. 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. 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. 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. With the Tissue segment, he says stronger-than-expected volumes in December, usual seasonal softness in the first quarter of the year and unfavorable demand impact on away-from-home products related to the pandemic will likely translate into weaker sequential performance in the segment. Sealed Air is a global provider of packaging solutions. Over the past 16 years, through extensive research and commercial operations, Agilyx claims to have developed the industrys largest database and predictive analytics around the chemical complexity embedded in waste plastics. Kraft Heinz says its using flexible plastic packaging in materials across its product portfolio. In 2019 Agilyx entered into a partnership with General Electric to develop artificial intelligence (AI), machine learning (ML), and predictive modeling (PM) and optimization tools that leverage Agilyxs extensive data and domain knowledge to significantly increase plastic recycling rates for all post-use plastics, creating new recycling pathways. Cyclyx was founded by chemical recycling company Agilyx Corporation, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. VP, Communications & Government Affairs Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors. Tune in or catch up on GEs latest investor events and reports. 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. 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.. Cascades Inc., Kingsey Falls, Quebec, has reported strong financial results for its fourth quarter and 2020 fiscal year. The companies have 75 percent and 25 percent stakes, respectively, in Cyclyx, which will aggregate and preprocess plastic scrap to meet the technical requirements of a wide range of recycling processes while ensuring reliable supply to its customers. The new Grupo Gondi mill and paper machine will make lightweight linerboard and medium paper machine, according to RISI. The companies have 75 percent and 25 percent stakes, respectively, in Cyclyx, which will aggregate and preprocess plastic scrap to meet the technical requirements of a wide range of recycling processes while ensuring reliable supply to its customers. 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. if (i!=(aTags.length-1)) It was a privilege being part of MRFF, which not only helped identify ways to curbside collect and recycle flexible packaging but also identified end markets that we could leverage within our facilities, says Erik Groner, senior principal packaging engineer at Kraft Heinz. At GE, we rise to the challenge of building a world that works. 14-Apr-2022 at 09:17 GMT. var vOut = ""; Free newsletter 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. Dows membership in Cyclyx will give it access to participate in customized takeback programs and innovations including plastic waste-based circular feedstock specifications tailored to its specific product pathways which will help Dow to advance its sustainability and circularity goals. About Dow 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. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. Kraft Heinz says the materials included 4-foot-by-8-foot boards, and 94 percent of each board was made of postconsumer recycled plastic and fiber. Dow delivered sales of approximately $39 billion in 2020. Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. Number 8860726. He adds that the company predicts stable sequential performance for its Specialty Products segment, with higher average selling prices and good demand trends for consumer food packaging offsetting the slightly higher raw material costs. www.ge.com. The addition of Exxon to Cyclyx does not impact the work being done with GE, she adds. Lines and paragraphs break automatically. Additionally, Cascades says its Specialty Products and European Boxboard segments generated slightly lower results in the quarter. 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. 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 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. The packaging company says its strong financial performance was driven in part by healthy containerboard demand. In the summer of last year, Agilyx announced that Cyclyx International Inc., which was formed in 2019, had signed a licensing agreement with Boston-based General Electric (GE) to use its artificial intelligence technology (AI) to jointly develop a set of AI tools to improve recycling options for end-of-life plastics through Cyclyxs customized demand approach, thereby increasing the recyclability of this material, says Kate Ringier, vice president, communications and government affairs, Agilyx GmbH. As part of the agreement, Cyclyx will help supply plastic feedstocks for ExxonMobils advanced recycling projects. Sign up to our free newsletter and get the latest news sent direct to your inbox. 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. dataLayerNews.related_tags = sanitize_gpt_value2("Sealed air, Packaging, Recycling, Sustainability, Plastic"); Learn how were delivering on our priorities. Subscribe, By Jim Cornall 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. In Containerboard, we announced details of our strategicBear Islandconversion project in mid-October and helped to de-risk the project with a concurrent$125 millionequity issuance offering. 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. Explore GEs recent and historic SEC filings. Access important shareholder information. Offering a suite of products to help unlock the full potential of additive manufacturing. 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. Explore the latest stories, news, downloads, and press tools. Posada says much of the board produced will likely be sold in Mexico, but export options have been explored for sales to the United States, South America and even China. New recycled-content mill in Monterrey, Mexico, has 400,000 tons per year of capacity. This website uses cookies to provide you the best experience. Jan. 1. The recycled roofing materials were installed late in 2020. Commercializing GEs technology and IP to accelerate growth and achieve market differentiation. Cyclyx is a post-use plastic feedstock supply chain consortium working with industry participants to develop recycling solutions for all types of post-use plastics. Cascades says its net earnings per share totaled 72 cents in the fourth quarter of 2020 compared with 51 cents in the third quarter of 2020 and a net loss per share of 27 cents per share in the fourth quarter of 2019. Cascades says its net earnings per share totaled 72 cents in the fourth quarter of 2020 compared with 51 cents in the third quarter of 2020 and a net loss per share of 27 cents per share in the fourth quarter of 2019. 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.
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