April 17, 2012

Weekly News Roundup

Now that my sugar-based surfactant story on ICIS Chemical Business is out of the way -- that will be published and distributed next week at the ICIS World Surfactants Conference -- here is the blog's news roundup from last week. I also included bits of news that I just came across my email inbox from two weeks ago (sorry....)

GlyEco buys MMT Technologies
Glycol recycler GlyEco will acquire certain assets of Florida-based MMT Technologies, another glycol recycler. MMT, with 2011 revenues of $500,000, has over 1,000 customers from major car dealerships, quick lube facilities and independent repair shops. GlyEco said this is its third acquisition in the past 60 days. The transaction is expected to close on May 31. An estimated 177m gallons/year of recyclable antifreeze is disposed each year in the US, according to the Environmental Protection Agency (EPA).

Cardia Bioplastics wins US contract
Cardia Bioplastics has been awarded an annual supply contract worth at least $500,000/year from a leading American diaper products company for hygiene films made using Cardia Biohybrid technology. Cardia Bioplastics will supply the Cardia Biohybrid hygiene films from its Nanjing/China based film manufacturing plant.

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