The facility forms part of the plastic-to-oil conversion business.
Following the move, the company hopes to improve its innovative, sustainable, and high-performance polymers.
Dr Thorsten Dreier will remain in the position until June 30, 2031.
Two facilities in Germany, as well as one in the UK, will close between mid-2026 and the end of 2027.
The solution is designed to improve the recycling capabilities of PET packaging.
The facility aims to help customers overcome challenges relating to high-quality medical devices.
The Plant occupies around 5,000 square metres within the Mantua site.
The fund is to help combat plastic pollution in Latin America and the Caribbean.
The pair will supply Borvida B-propylene that is made from ISCC PLUS-certified non-food waste biomass.
This latest innovation in high-density polyethene supports recyclability and high-performance BOPE films for flexible packaging.
The solution is set to simplify the injection moulding process.
The move follows the resignation of Gavin Slark on the 9th of May 2025.
