June 19, 2023
(press release)
–
This alliance will facilitate the development of sustainable packaging with the new REVOLOOPTM brand high-density polyethylene (HDPE or HDPE) PCR resin, transformed by Enka with the latest technology from recycled bottle caps and labels and under the formulation specially developed by Dow. Bogota, June 8th, 2023. Enka, a leading company in the recycling of PET bottles in Colombia with a focus on circular economy, innovation and high engineering, in alliance with Dow, experts in materials science, with a strong strategy of sustainability and circularity of plastics, announce to the market, after successful tests with several customers, the signing of a three-year supply agreement for the production of recycled post-consumer resin PCR (Post Consumer Resin) that will revolutionize the Colombian market. This alliance will facilitate the development of sustainable packaging with the new REVOLOOPTM brand high-density polyethylene (HDPE or HDPE) PCR resin, transformed by Enka with the latest technology from recycled bottle caps and labels and under the formulation specially developed by Dow. This REVOLOOPTM resin is a sustainable offer for high-performance flexible packaging applications that can be used mainly by major brands of household care and cleaning products. This development is a major step towards mobilizing the plastic recycling sector in Colombia, and the creation of new packaging based on circularity processes. With this alliance, the reduction of nearly 2,500 tons of plastic waste generated in the country per year will be achieved. The production of this post-consumer resin, compared to virgin or first-use material, generates great benefits for the planet, reducing the impact on the carbon footprint and the consumption of water and energy. With this new PCR resin, the company seeks to continue building circular models in which more companies can incorporate these benefits into their value chain. Likewise, one of the purposes of Dow and Enka as leaders in the packaging and recycling industry is to connect and work with all the allies in the chain, such as recyclers and recycling associations, NGOs and government, to ensure the scalability of this type of projects. "Through collaboration and the pooling of knowledge we seek to transform the living conditions of thousands of Colombian families. Enka has the largest PET bottle collection network in Colombia, with a presence in 30 departments and more than 900 municipalities. The manufacture of PCR resin and the start-up of the new Bottle-to-Bottle PET recycling plant, which makes us one of the largest plants in the world, will undoubtedly have an impact on improving and placing recycling and separation at source more and more on the public agenda. For Enka, this alliance with Dow is not only a technological breakthrough, but also a great impact on social and sustainability issues", says Álvaro Hincapié, Enka's President. PCR resin is part of the REVOLOOPTM family, a brand through which Dow is amplifying the offer of post-consumer recycled plastics in Latin America and globally, by collaborating with partners with solid experience in the waste and recycling industries. In Colombia, the ideal partner for this long-term alliance was Enka, the company with the best recycling technology in Colombia, which made it possible to develop a high-quality product. "As we strengthen partnerships within the value chain, we are making the greatest progress in plastics circularity. Through innovation and collaboration, we are together promoting the transformation of waste into valuable materials. At Dow, we believe that together with Enka, recycling and the circular economy continue to grow and materialize in Colombia and the region". Maria Paulina Sandoval Sustainability Manager for Dow in the region. About ENKA Press contact About Dow
Company with more than 58 years of experience in the market focused on circular economy, innovation and high engineering. Enka is the leader in PET bottle recycling in Colombia, the largest producer of nylon 6 tire fabric in the Americas and the main producer of filament in the Andean region.
Enka has one of the largest and most modern PET recycling plants in the world and the largest post-consumer bottle collection network in the country, Eko Red, with presence throughout the country.
Susana de la Hoz
Cell +57 3003400944
susanadelahoz@dattis.com
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; business leadership positions; and environmental, social and governance leadership to deliver profitable growth and help achieve a sustainable future. The company's ambition is to become the most innovative, customer-focused, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses offers 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 applications. Dow operates manufacturing sites in 31 countries, employs approximately 37,800 people and delivered sales of approximately $57 billion in 2022. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, visit www.dow.com or follow @DowNewsroom on Twitter.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
