Thyssenkrupp Industrial Solutions’ division, Uhde Inventa-Fischer, has embarked on a long-term, strategic alliance with Canadian firm Loop Industries to produce sustainable polyethylene terephthalate (PET) and polyester. The two companies will work together in the production of both products for use as insulation materials or even as building materials.
Thyssenkrupp Industrial Solutions’ division, Uhde Inventa-Fischer, has embarked on a long-term, strategic alliance with Canadian firm Loop Industries to produce sustainable polyethylene terephthalate (PET) and polyester. The companies have already begun integration assessments ahead of their collaboration to bring Loop's waste-to-resin (WTR) product to market, and aim to license their respective technologies globally, before setting up WTR plants around the world over the next 10 years.