Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Sulzer Ltd
  6. News
  7. Summary
    SUN   CH0038388911

SULZER LTD

(SUN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Sulzer : identifies new recycling opportunities for ocean-bound plastic waste

11/30/2021 | 08:11am EST

Using its expertise in polymer processing, Sulzer Chemtech has developed a method to turn recycled polyethylene terephthalate (PET) into high-quality foams that match the properties of virgin plastics. This development will help #tide to accelerate its work in addressing pollution and increasing the adoption of recycled polymer-based products.

A leader in the field of ocean-bound plastic upcycling, Tide Ocean SA collects and transforms this waste into premium raw materials, the award-winning #tide ocean material®, for new sustainable products. The company is able to process a wide range of polymer waste including PET from plastic bottles, polypropylene (PP) and polyethylene (PE). These are currently turned into pellets, yarn and filament which can be used in a variety of applications such as plastic injection, textiles and 3D printing.

In the search for new processes to upcycle ocean-bound plastic waste, OST - University of Applied Sciences Eastern Switzerland approached Sulzer Chemtech. Leveraging its pilot plant facility equipped with cutting-edge foaming equipment, the company has proven that it is possible to use the recycled granules to produce expanded PET (XPET) foam boards. It also defined the key processing conditions to obtain boards that are indistinguishable from conventional XPET made from virgin plastic. This will enable #tide to offer products that can be used in packaging and construction, helping to improve the sustainability of these industries.

Daniel Schwendemann, Professor at the Institute for Material Science and Plastics Processing (IWK) at OST - University of Applied Sciences Eastern Switzerland, comments: "The partnership with Sulzer Chemtech has been key in the development of XPET foam boards made from our recycled feedstock. The company's specialists helped us determine the suitability of #tide ocean material® as well as the optimum processes to deliver high-quality products. We look forward to collaborating with them in the future."

Marc Krebs, CCO at Tide Ocean SA, says: "We are always looking for new applications for our recycled plastic pellets. The ability to produce expanded foams opens new doors to a wide range of markets, helping us reduce plastic waste by upcycling it to obtain advanced materials. We are very thankful to Sulzer Chemtech for helping us develop this new processing method for our recycled pellets."

Daniel Rytz, Global Head Strategy and Business Development at Sulzer Chemtech concludes: "We are delighted with the feedback received from OST and #tide. Our extensive experience in developing expanded foams from recycled plastics helps us conduct feasibility tests quickly and effectively. At the same time, we can leverage our advanced extrusion technology to develop and prove processes. We look forward to supporting more innovative projects to produce sustainable foams in the future."

This document may contain forward-looking statements including, but not limited to, projections of financial developments, market activity, or future performance of products and solutions containing risks and uncertainties. These forward-looking statements are subject to change based on known or unknown risks and various other factors that could cause actual results or performance to differ materially from the statements made herein.

Disclaimer

Sulzer AG published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 13:10:08 UTC.


ę Publicnow 2021
All news about SULZER LTD
01/25SULZER : A circular solution to plastic waste
PU
01/20SULZER : recognized as a Top Employer 2022 in Switzerland
PU
01/13SULZER : PLA bioplastics production technology selected for NatureWorks' new plant with an..
PU
01/11SULZER : expands clean water pump portfolio
PU
2021SULZER : technology converting bamboo into bioethanol in pioneering Indian bio-refinery
PU
2021SULZER : launches IEC-compatible CPE process pump
PU
2021SULZER : launches extended VA vertical cantilever sump pump range
PU
2021SULZER : with new leadership team
PU
2021SULZER : identifies new recycling opportunities for ocean-bound plastic waste
PU
2021SULZER : launches the world's biggest medium-consistency pump
PU
More news
Analyst Recommendations on SULZER LTD
More recommendations
Financials
Sales 2021 3 164 M 3 396 M 3 396 M
Net income 2021 149 M 160 M 160 M
Net Debt 2021 536 M 576 M 576 M
P/E ratio 2021 19,8x
Yield 2021 4,05%
Capitalization 2 923 M 3 172 M 3 137 M
EV / Sales 2021 1,09x
EV / Sales 2022 1,02x
Nbr of Employees 15 574
Free-Float -
Chart SULZER LTD
Duration : Period :
Sulzer Ltd Technical Analysis Chart | SUN | CH0038388911 | MarketScreener
Technical analysis trends SULZER LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 86,50 CHF
Average target price 104,14 CHF
Spread / Average Target 20,4%
EPS Revisions
Managers and Directors
GrÚgoire Poux-Guillaume Chief Executive Officer
Jill Ghim Ha Lee Chief Financial Officer
Peter D. L÷scher Chairman
Gerhard Roiss Independent Non-Executive Director
Hanne Birgitte Sorensen Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SULZER LTD-3.73%3 172
ATLAS COPCO AB-13.61%67 881
PARKER-HANNIFIN CORPORATION-1.33%40 340
FANUC CORPORATION-9.09%37 183
SANDVIK AB-3.37%33 039
TECHTRONIC INDUSTRIES COMPANY LIMITED-15.66%30 845