Daily Newsletter

17 August 2023

Daily Newsletter

17 August 2023

NOVA Chemicals releases ESG report 2022

The company signed a VPPA to buy 20MW of solar power from TC Energy’s Saddlebrook Solar+Storage Project.

Jangoulun Singsit August 16 2023

North American sustainable polyethylene producer Nova Chemicals has released its environmental, social and governance report for 2022.

During the year, the company launched SYNDIGO recycled polyethylene (rPE) resins and ASTUTE plastomer resins to advance the market adoption of rPE products.

These resins can be used in a variety of all-PE packaging.

In its report titled ‘2022 ESG Report: Reshaping Plastics’, NOVA said that it introduced an employee diversity census to enable the company to gain deeper insights into its diverse workforce and better address any of its requirements.

It claims to have achieved the best-ever combined recordable injury rate performance and a combined lost time injury rate of zero, representing a 100% decline over five years.

The company also signed a virtual power purchase agreement to buy 20MW of solar power and related emission offsets from TC Energy’s Saddlebrook Solar+Storage Project.

The report aligns with NOVA’s goal to become one of the leading sustainable PE producers in North America.

NOVA's vice-president for sustainability Jennifer Woolfsmith said: “NOVA Chemicals has set out to achieve bold ESG ambitions by 2030, and we are proud of the substantive work we have accomplished to date.

“Plastics continue to play an essential role in our daily lives with many benefits to people around the world, and NOVA believes businesses like ours have a responsibility to reshape those plastics for a more sustainable world and a low-carbon, zero-plastic-waste future.”

Headquartered in Alberta, Canada, NOVA supplies PE that is used for manufacturing recycled content films, packaging, and other products.

Last month, the company announced plans to develop its first mechanical recycling facility in Connersville, Indiana, US.

Global food packaging industry witnessing an uptick in demand for personalized packaging

In 2022, flexible packaging was the most used pack material, followed by rigid plastics. Dairy & soy food was the leading sector, while prepared meals sector is forecast to register the fastest growth during 2022–27, per GlobalData. The demand for eco-friendly packaging is on the rise, stimulated by consumers’ increasing focus on sustainability. Personalized packaging is becoming popular as consumers appreciate products tailored to their needs or preferences. In the food packaging industry, personalization can be done to amplify brand appeal in form of personalized bags, stickers, or boxes.

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