- In August 2022, LyondellBasell, in collaboration with Röchling Medical, introduced eyedrop containers made from CirculenRenew polymers, which offer polyethylene and polypropylene grades equivalent to virgin resin quality. This development supports the growing demand for sustainable, high-performance polyolefins and enhances the adoption of recycled materials in the healthcare packaging sector, contributing to market expansion
- In May 2022, ExxonMobil announced the expansion of its olefinic elastomer production capacity at its Baytown, Texas facility, as part of a US$ 2 billion investment project. This capacity increase is expected to strengthen the supply of advanced polyolefin materials for automotive, construction, and packaging applications, supporting overall market growth
- In May 2022, Braskem committed over US$ 2 million to a joint project in the U.S., aimed at developing advanced recycling technology for complex packaging made from mixed inputs. This initiative aligns with the rising focus on circular economy practices and is expected to drive demand for sustainable, recyclable polyolefin materials in the packaging industry, positively impacting market growth
