The company’s $800 million investment will help to fund the construction of a gigafactory in Terre Haute, Indiana.
The duo has a long-term agreement to procure rPE resin under the brand name, SYNDIGO.
This is a significant milestone in the company’s SHAPE TOMORROW Strategy.
Roger McDermott, who was previously serving as the interim CEO, will take over effective immediately.
Existing freeformer users will continue to receive support.
Operations are expected to begin during the second half of 2026.
ALDI SÜD and Unternehmensgruppe Theo Müller collaborated with INEOS Styrolution on the product.
At Vioneo’s new facility, the technology will help to produce 110,000 tonnes of LDPE each year from certified green methanol.
The facility will increase the company’s ability to produce virgin-identical, low-carbon circular materials.
Scientists from ETH Zurich, as well as GIC member companies: BASF, Clariant, Covestro, LyondellBasell, and Suez, are also involved in the project.
In the company’s nearly 30-year history, 2025 marks the first time the company will be at the K Show.
The project will also assess the integration of Alterra’s proprietary liquefaction technology in Viva Energy’s Geelong Refinery to produce PPO.
