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SCG Packaging (SCGP) signed a joint development agreement with US-based Origin Materials to develop bioplastic from eucalyptus wood chips. The bioplastic project is being carried out in Canada, with results expected in the current quarter.
NOVA Chemicals signed a long-term agreement with Merlin Plastics, Canada's largest plastics recycler, to increase supply of post-consumer recyclate for consumer packaging. NOVA is also providing financing for a multi-million dollar recycling project.