The acquisition is in line with the MOL Group 2030 Strategy’s objective to extend its petrochemical portfolio with higher value-added products, enabling MOL to strengthen its position as an automotive supplier.
Smith has an extensive background in the plastics industry, having served with LK Machinery and Husky Injection Molding Systems. He is also former Chairman of the Plastics Industry Association's Western Section.
There really are better ways to handle the plastic bag problem besides outright bans. The Bag-2-Bag recycling system from Novolex (North Vernon, IN) meets consumer demands for “green” initiatives while maintaining the benefits of plastics that many consumers love.