Mubasher: EQUATE Group on Thursday announced the successful production of the first batch of Viridis 25, a new food-grade polyethylene terephthalate (PET) by the subsidiary Equipolymers (EQP) that is made with up to 25% chemically recycled PET as feedstock.
The breakthrough innovation will reduce the need for virgin PET while contributing to closing the loop in the circular economy, according to a press release.
As part of their sustainability goals, EQP started this project in 2009 with the aim to increase the uses of recycled PET. They first developed Viridis 10, a PET grade that includes up to 10% recycled PET, however, in 2016, EQP collaborated with a major brand owner and advanced to the V25 project.
Commenting on this, senior vice president at the EQUATE Group, Naser Aldousari, said, “It was a collaborative effort between the petrochemical and commercial business communities, and as a result, Viridis 25 will have far-reaching environmental, social and business benefits.”
In the meantime, global business director, PET at EQP, Muayad Al Faresi, explained, “There is a strong demand for PET bottles, and our mission is to provide a sustainable product that meets quality of life and public health needs. Chemical recycling technology has opened new horizons for the plastic industry, enabling us to address the increasing environmental impact and waste concerns in a sensible and sustainable way.”
It is worthy to note that Viridis 25 is currently available in the market through Equipolymers and will primarily target the European market.