Tag: PR Newswire

Platform formed through the combination of Scruggs and Neil Technical Services (NTS); management team to continue under new ownership

AUSTIN, Texas, April 27, 2026 /PRNewswire/ — Rox Capital Partners (“Rox”), a Texas-based private equity firm, today announced the successful sale of The Scruggs Companies (“Scruggs”) to The Sterling Group (“Sterling”). The company was formed through the combination of Scruggs and Neil Technical Services (“NTS”) and is a leading regional provider of municipal water infrastructure solutions.

Headquartered in Houston, Texas, Scruggs provides flow control products and maintenance services that support municipal water and wastewater systems across the Southern and Midwestern United States.

Rox partnered with management to execute a focused growth strategy. Initiatives included expanding the company’s product offering, enhancing service capabilities, and scaling operations across core markets, including the integration and growth of NTS. During Rox’s ownership, Scruggs strengthened its position with municipal customers and built a platform for continued growth.

The existing leadership team, including key members of legacy Scruggs and NTS management, will continue to lead the business in partnership with Sterling.

“We are proud of what the Scruggs and NTS teams have accomplished and grateful for our partnership with management,” said Al Cameron, Managing Partner at Rox Capital Partners. “This investment reflects our strategy of partnering with strong operators to build leading businesses in essential service sectors. We believe the company is well positioned for continued success in its next chapter with Sterling.”

Terms of the transaction were not disclosed.

About Rox Capital Partners
Rox Capital Partners is a Texas-based private equity firm focused on building and scaling lower middle market businesses. Rox partners with management teams to drive operational improvements, accelerate growth, and create long-term value across its portfolio. For more information, please visit www.roxcp.com.

 

View original content:https://www.prnewswire.com/news-releases/rox-capital-partners-announces-sale-of-water-infrastructure-platform-scruggs-to-the-sterling-group-302754374.html

SOURCE Rox Capital Partners

Platform formed through the combination of Scruggs and Neil Technical Services (NTS); management team to continue under new ownership

AUSTIN, Texas, April 27, 2026 /PRNewswire/ — Rox Capital Partners (“Rox”), a Texas-based private equity firm, today announced the successful sale of The Scruggs Companies (“Scruggs”) to The Sterling Group (“Sterling”). The company was formed through the combination of Scruggs and Neil Technical Services (“NTS”) and is a leading regional provider of municipal water infrastructure solutions.

Headquartered in Houston, Texas, Scruggs provides flow control products and maintenance services that support municipal water and wastewater systems across the Southern and Midwestern United States.

Rox partnered with management to execute a focused growth strategy. Initiatives included expanding the company’s product offering, enhancing service capabilities, and scaling operations across core markets, including the integration and growth of NTS. During Rox’s ownership, Scruggs strengthened its position with municipal customers and built a platform for continued growth.

The existing leadership team, including key members of legacy Scruggs and NTS management, will continue to lead the business in partnership with Sterling.

“We are proud of what the Scruggs and NTS teams have accomplished and grateful for our partnership with management,” said Al Cameron, Managing Partner at Rox Capital Partners. “This investment reflects our strategy of partnering with strong operators to build leading businesses in essential service sectors. We believe the company is well positioned for continued success in its next chapter with Sterling.”

Terms of the transaction were not disclosed.

About Rox Capital Partners
Rox Capital Partners is a Texas-based private equity firm focused on building and scaling lower middle market businesses. Rox partners with management teams to drive operational improvements, accelerate growth, and create long-term value across its portfolio. For more information, please visit www.roxcp.com.

 

View original content:https://www.prnewswire.com/news-releases/rox-capital-partners-announces-sale-of-water-infrastructure-platform-scruggs-to-the-sterling-group-302754374.html

SOURCE Rox Capital Partners

Platform formed through the combination of Scruggs and Neil Technical Services (NTS); management team to continue under new ownership

AUSTIN, Texas, April 27, 2026 /PRNewswire/ — Rox Capital Partners (“Rox”), a Texas-based private equity firm, today announced the successful sale of The Scruggs Companies (“Scruggs”) to The Sterling Group (“Sterling”). The company was formed through the combination of Scruggs and Neil Technical Services (“NTS”) and is a leading regional provider of municipal water infrastructure solutions.

Headquartered in Houston, Texas, Scruggs provides flow control products and maintenance services that support municipal water and wastewater systems across the Southern and Midwestern United States.

Rox partnered with management to execute a focused growth strategy. Initiatives included expanding the company’s product offering, enhancing service capabilities, and scaling operations across core markets, including the integration and growth of NTS. During Rox’s ownership, Scruggs strengthened its position with municipal customers and built a platform for continued growth.

The existing leadership team, including key members of legacy Scruggs and NTS management, will continue to lead the business in partnership with Sterling.

“We are proud of what the Scruggs and NTS teams have accomplished and grateful for our partnership with management,” said Al Cameron, Managing Partner at Rox Capital Partners. “This investment reflects our strategy of partnering with strong operators to build leading businesses in essential service sectors. We believe the company is well positioned for continued success in its next chapter with Sterling.”

Terms of the transaction were not disclosed.

About Rox Capital Partners
Rox Capital Partners is a Texas-based private equity firm focused on building and scaling lower middle market businesses. Rox partners with management teams to drive operational improvements, accelerate growth, and create long-term value across its portfolio. For more information, please visit www.roxcp.com.

 

View original content:https://www.prnewswire.com/news-releases/rox-capital-partners-announces-sale-of-water-infrastructure-platform-scruggs-to-the-sterling-group-302754374.html

SOURCE Rox Capital Partners

Platform formed through the combination of Scruggs and Neil Technical Services (NTS); management team to continue under new ownership

AUSTIN, Texas, April 27, 2026 /PRNewswire/ — Rox Capital Partners (“Rox”), a Texas-based private equity firm, today announced the successful sale of The Scruggs Companies (“Scruggs”) to The Sterling Group (“Sterling”). The company was formed through the combination of Scruggs and Neil Technical Services (“NTS”) and is a leading regional provider of municipal water infrastructure solutions.

Headquartered in Houston, Texas, Scruggs provides flow control products and maintenance services that support municipal water and wastewater systems across the Southern and Midwestern United States.

Rox partnered with management to execute a focused growth strategy. Initiatives included expanding the company’s product offering, enhancing service capabilities, and scaling operations across core markets, including the integration and growth of NTS. During Rox’s ownership, Scruggs strengthened its position with municipal customers and built a platform for continued growth.

The existing leadership team, including key members of legacy Scruggs and NTS management, will continue to lead the business in partnership with Sterling.

“We are proud of what the Scruggs and NTS teams have accomplished and grateful for our partnership with management,” said Al Cameron, Managing Partner at Rox Capital Partners. “This investment reflects our strategy of partnering with strong operators to build leading businesses in essential service sectors. We believe the company is well positioned for continued success in its next chapter with Sterling.”

Terms of the transaction were not disclosed.

About Rox Capital Partners
Rox Capital Partners is a Texas-based private equity firm focused on building and scaling lower middle market businesses. Rox partners with management teams to drive operational improvements, accelerate growth, and create long-term value across its portfolio. For more information, please visit www.roxcp.com.

 

View original content:https://www.prnewswire.com/news-releases/rox-capital-partners-announces-sale-of-water-infrastructure-platform-scruggs-to-the-sterling-group-302754374.html

SOURCE Rox Capital Partners

The foodservice leader will deploy Mill Commercial — Mill’s AI-enabled food recycling system — across the country 

SAN BRUNO, Calif., April 27, 2026 /PRNewswire/ — Mill Industries Inc. (“Mill”), the waste prevention technology company, announced today that it has formed a strategic partnership with Compass Group, the leading global foodservice and facilities management company, to accelerate the deployment of Mill Commercial in the dining facilities of corporate campuses, hospitals, universities, stadiums, and other locations operated by Compass Group beginning in 2027.

Compass Group is Mill’s first channel partner, unlocking significant scale and impact across the foodservice industry. Compass Group made an ambitious commitment to cut food waste by 50% by 2030, and deploying Mill Commercial in its kitchens will help make progress towards that goal while transforming how commercial kitchens operate.

“Compass Group serves millions of meals every day across North America. What’s exciting about this strategic partnership is bringing AI-enabled infrastructure directly into Compass kitchens, giving teams visibility into what’s being wasted, why it’s happening, and how to take immediate action,” said Harry Tannenbaum, President & Co-Founder of Mill. “Mill and Compass Group share a belief that with the right tools and insights, we can make significant progress toward eliminating food waste for good. I’m proud to be on this journey together.”

Mill Commercial processes food scraps on-site, using heating, drying, and grinding technology to reduce overall volume by 80%. The output is a dry, shelf-stable material that resembles coffee grounds, smells like spices, retains the food’s full nutritional value, and can be used as animal feed, compost feedstock, or soil amendment — keeping food waste as a valuable resource rather than sending it to landfill.

Every Mill Commercial device will be equipped with AI-enabled waste characterization technology that identifies what is being discarded, in what quantities, and when. The insights give operators real-time visibility into food waste streams, enabling smarter procurement decisions, streamlined operations, and measurable reductions in food costs.

“As the largest foodservice provider, we have a responsibility to lead with intention.” said Chris Ivens-Brown, Chief Culinary Officer of Compass Group North America. “This partnership harnesses the power of culinary expertise and technology to reduce waste in real time and move us forward on the path to a more closed-loop food system.”

Food is the single most common material in landfills, representing more than $400 billion in wasted value every year. This partnership introduces a new standard for how commercial kitchens across the US will operate, where food waste is tracked and managed, and prevented rather than an inevitable byproduct. Together Compass Group and Mill are creating a better, more efficient, and more circular food system.

About Mill Industries Inc. (“Mill”) 

Mill is a technology company combining hardware and AI to reduce waste and recover value from everyday materials, starting with food. Today, the company’s intelligent food recycling system transforms food scraps into nutrient-rich outputs to keep food out of landfills and put it to good use. Founded in 2020 by Nest alumni Matt Rogers and Harry Tannenbaum, Mill reimagines waste as a resource through intuitive technology, measurable insights, and beautiful design. Mill is a trademark of Mill Industries Inc. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mill-and-compass-group-north-america-form-first-of-its-kind-strategic-partnership-to-eliminate-food-waste-302753304.html

SOURCE Mill Industries Inc.

The foodservice leader will deploy Mill Commercial — Mill’s AI-enabled food recycling system — across the country 

SAN BRUNO, Calif., April 27, 2026 /PRNewswire/ — Mill Industries Inc. (“Mill”), the waste prevention technology company, announced today that it has formed a strategic partnership with Compass Group, the leading global foodservice and facilities management company, to accelerate the deployment of Mill Commercial in the dining facilities of corporate campuses, hospitals, universities, stadiums, and other locations operated by Compass Group beginning in 2027.

Compass Group is Mill’s first channel partner, unlocking significant scale and impact across the foodservice industry. Compass Group made an ambitious commitment to cut food waste by 50% by 2030, and deploying Mill Commercial in its kitchens will help make progress towards that goal while transforming how commercial kitchens operate.

“Compass Group serves millions of meals every day across North America. What’s exciting about this strategic partnership is bringing AI-enabled infrastructure directly into Compass kitchens, giving teams visibility into what’s being wasted, why it’s happening, and how to take immediate action,” said Harry Tannenbaum, President & Co-Founder of Mill. “Mill and Compass Group share a belief that with the right tools and insights, we can make significant progress toward eliminating food waste for good. I’m proud to be on this journey together.”

Mill Commercial processes food scraps on-site, using heating, drying, and grinding technology to reduce overall volume by 80%. The output is a dry, shelf-stable material that resembles coffee grounds, smells like spices, retains the food’s full nutritional value, and can be used as animal feed, compost feedstock, or soil amendment — keeping food waste as a valuable resource rather than sending it to landfill.

Every Mill Commercial device will be equipped with AI-enabled waste characterization technology that identifies what is being discarded, in what quantities, and when. The insights give operators real-time visibility into food waste streams, enabling smarter procurement decisions, streamlined operations, and measurable reductions in food costs.

“As the largest foodservice provider, we have a responsibility to lead with intention.” said Chris Ivens-Brown, Chief Culinary Officer of Compass Group North America. “This partnership harnesses the power of culinary expertise and technology to reduce waste in real time and move us forward on the path to a more closed-loop food system.”

Food is the single most common material in landfills, representing more than $400 billion in wasted value every year. This partnership introduces a new standard for how commercial kitchens across the US will operate, where food waste is tracked and managed, and prevented rather than an inevitable byproduct. Together Compass Group and Mill are creating a better, more efficient, and more circular food system.

About Mill Industries Inc. (“Mill”) 

Mill is a technology company combining hardware and AI to reduce waste and recover value from everyday materials, starting with food. Today, the company’s intelligent food recycling system transforms food scraps into nutrient-rich outputs to keep food out of landfills and put it to good use. Founded in 2020 by Nest alumni Matt Rogers and Harry Tannenbaum, Mill reimagines waste as a resource through intuitive technology, measurable insights, and beautiful design. Mill is a trademark of Mill Industries Inc. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mill-and-compass-group-north-america-form-first-of-its-kind-strategic-partnership-to-eliminate-food-waste-302753304.html

SOURCE Mill Industries Inc.

CALGARY, AB, April 27, 2026 /PRNewswire/ — The Canadian Climate Institute claims that the industrial carbon price amounts to only a “Timbit” per barrel of costs (value ~CAD 0.50) and that there is almost “zero” economic impact on households; these claims are disputed by Friends of Science Society in a new video explainer, “Timbit Carbon Tax“. Friends of Science Society’s report “What are Climate Policies Costing Canada?” reveals that climate action to 2030 is estimated to cost taxpayers $476 billion, a far cry from the cost of a Timbit.

Prime Minister Carney set the consumer carbon tax, then $80/t, to zero on his first day in office, but the industrial carbon tax remains.

Presently Ottawa and the province of Alberta are negotiating an MOU for a new pipeline from the Alberta oil sands on the basis of a carbon price of $130/t, in contrast to Canada’s largest trade partners. The USA has no carbon tax. Canada does ~80% of its trade with the US. The next largest single country trading partner at 4%, China, has a carbon price of about $20/t. Trade with the European Union sits at about 8-10%.

As outlined in two Friends of Science Society reports written by retired energy economist, Robert Lyman, this burden of tax and price disparity limits Canada’s competitiveness. Prime Minister Carney is also encouraging the Alberta oil sands operators to ‘decarbonize’ oil, by building a massive, multi-billion-dollar Carbon Capture Underground Storage (CCUS) facility, known as the “Pathways” project of the Oil Sands Alliance. Commenting on the MOU, in “Unruly Ducks: What will it take Premier Danielle Smith to get them all in a row?,” Lyman notes that these costs are largely passed on to consumers.

Friends of Science Society produced a video titled, “Can we decarbonize oil?” critiquing this carbon removal method as being of value for carbon traders, but ineffective to address climate change. As reported by the New York Times on April 16, 2026, Microsoft, the largest purchaser of carbon removal credits, has paused such activity. Friends of Science Society suggests that this puts Carney’s bid for ‘decarbonized’ Canadian oil into question. A 2022 Friends of Science Society report on Carbon Capture and Storage discusses the implications for taxpayers. Much of the Pathways project would be tax subsidized for billions.

In “The Invisible Industrial Carbon Tax,” Lyman writes: “Many Canadians think that the carbon tax has been eliminated. They are unaware of the complexity and cost of the carbon pricing regime imposed on Canadian firms, of the magnitude of the costs and of the misallocation of resources it causes.”

An April 22, 2026, Western Standard op-ed by Lennie Kaplan, outlines the impact the Carney-Smith Net Zero emissions will have on Alberta and Canada. Kaplan is a former senior manager of Fiscal and Economic policy within the Alberta government.

Carbon taxes and CCUS are premised on the thesis that carbon dioxide from human industrial emissions are driving global warming and climate change. To meet Paris Agreement targets, climate activist asset managers and investors have encouraged major corporations to create Net Zero plans and comply with Environment, Social, Governance (ESG), something that American state attorneys general are pushing back on. Friends of Science Society outlined similar concerns in an Open Letter to the Office of the Superintendent of Financial Institutions, particularly noting the retracted Kotz et al (2024) climate damage study employed by the Network for Greening the Financial System (NGFS) central banks.

Climate policy analyst Roger Pielke, Jr., published a two-part Substack on a new paper: “The empirically inscrutable climate-economy relationship.”¹ He writes: “Curtin-Burgess (CB26) ask a straightforward question: Can we actually measure how climate affects the economy from the historical record?…Their answer is no.”

This brings into question the conclusions drawn by JP Morgan’s March 2026 report, “Tipping Points: Decision making under deep uncertainty“.

Tom Harris of the International Climate Science Coalition presented at the recent Heartland Institute climate event, reviewing data analysis of climate records that show Canada is not warming at twice the global average as frequently claimed. Friends of Science Society asks if the scientific evidence does not support the climate claims, why is Canada on this noncompetitive path?

About
Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 23rd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).
Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org
Web: climatechange101.ca

View original content to download multimedia:https://www.prnewswire.com/news-releases/timbit-carbon-taxes-and-net-zero-goals-limit-canadian-economy-says-friends-of-science-society-302753888.html

SOURCE Friends of Science Society

CALGARY, AB, April 27, 2026 /PRNewswire/ — The Canadian Climate Institute claims that the industrial carbon price amounts to only a “Timbit” per barrel of costs (value ~CAD 0.50) and that there is almost “zero” economic impact on households; these claims are disputed by Friends of Science Society in a new video explainer, “Timbit Carbon Tax“. Friends of Science Society’s report “What are Climate Policies Costing Canada?” reveals that climate action to 2030 is estimated to cost taxpayers $476 billion, a far cry from the cost of a Timbit.

Prime Minister Carney set the consumer carbon tax, then $80/t, to zero on his first day in office, but the industrial carbon tax remains.

Presently Ottawa and the province of Alberta are negotiating an MOU for a new pipeline from the Alberta oil sands on the basis of a carbon price of $130/t, in contrast to Canada’s largest trade partners. The USA has no carbon tax. Canada does ~80% of its trade with the US. The next largest single country trading partner at 4%, China, has a carbon price of about $20/t. Trade with the European Union sits at about 8-10%.

As outlined in two Friends of Science Society reports written by retired energy economist, Robert Lyman, this burden of tax and price disparity limits Canada’s competitiveness. Prime Minister Carney is also encouraging the Alberta oil sands operators to ‘decarbonize’ oil, by building a massive, multi-billion-dollar Carbon Capture Underground Storage (CCUS) facility, known as the “Pathways” project of the Oil Sands Alliance. Commenting on the MOU, in “Unruly Ducks: What will it take Premier Danielle Smith to get them all in a row?,” Lyman notes that these costs are largely passed on to consumers.

Friends of Science Society produced a video titled, “Can we decarbonize oil?” critiquing this carbon removal method as being of value for carbon traders, but ineffective to address climate change. As reported by the New York Times on April 16, 2026, Microsoft, the largest purchaser of carbon removal credits, has paused such activity. Friends of Science Society suggests that this puts Carney’s bid for ‘decarbonized’ Canadian oil into question. A 2022 Friends of Science Society report on Carbon Capture and Storage discusses the implications for taxpayers. Much of the Pathways project would be tax subsidized for billions.

In “The Invisible Industrial Carbon Tax,” Lyman writes: “Many Canadians think that the carbon tax has been eliminated. They are unaware of the complexity and cost of the carbon pricing regime imposed on Canadian firms, of the magnitude of the costs and of the misallocation of resources it causes.”

An April 22, 2026, Western Standard op-ed by Lennie Kaplan, outlines the impact the Carney-Smith Net Zero emissions will have on Alberta and Canada. Kaplan is a former senior manager of Fiscal and Economic policy within the Alberta government.

Carbon taxes and CCUS are premised on the thesis that carbon dioxide from human industrial emissions are driving global warming and climate change. To meet Paris Agreement targets, climate activist asset managers and investors have encouraged major corporations to create Net Zero plans and comply with Environment, Social, Governance (ESG), something that American state attorneys general are pushing back on. Friends of Science Society outlined similar concerns in an Open Letter to the Office of the Superintendent of Financial Institutions, particularly noting the retracted Kotz et al (2024) climate damage study employed by the Network for Greening the Financial System (NGFS) central banks.

Climate policy analyst Roger Pielke, Jr., published a two-part Substack on a new paper: “The empirically inscrutable climate-economy relationship.”¹ He writes: “Curtin-Burgess (CB26) ask a straightforward question: Can we actually measure how climate affects the economy from the historical record?…Their answer is no.”

This brings into question the conclusions drawn by JP Morgan’s March 2026 report, “Tipping Points: Decision making under deep uncertainty“.

Tom Harris of the International Climate Science Coalition presented at the recent Heartland Institute climate event, reviewing data analysis of climate records that show Canada is not warming at twice the global average as frequently claimed. Friends of Science Society asks if the scientific evidence does not support the climate claims, why is Canada on this noncompetitive path?

About
Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 23rd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).
Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org
Web: climatechange101.ca

View original content to download multimedia:https://www.prnewswire.com/news-releases/timbit-carbon-taxes-and-net-zero-goals-limit-canadian-economy-says-friends-of-science-society-302753888.html

SOURCE Friends of Science Society

CALGARY, AB, April 27, 2026 /PRNewswire/ — The Canadian Climate Institute claims that the industrial carbon price amounts to only a “Timbit” per barrel of costs (value ~CAD 0.50) and that there is almost “zero” economic impact on households; these claims are disputed by Friends of Science Society in a new video explainer, “Timbit Carbon Tax“. Friends of Science Society’s report “What are Climate Policies Costing Canada?” reveals that climate action to 2030 is estimated to cost taxpayers $476 billion, a far cry from the cost of a Timbit.

Prime Minister Carney set the consumer carbon tax, then $80/t, to zero on his first day in office, but the industrial carbon tax remains.

Presently Ottawa and the province of Alberta are negotiating an MOU for a new pipeline from the Alberta oil sands on the basis of a carbon price of $130/t, in contrast to Canada’s largest trade partners. The USA has no carbon tax. Canada does ~80% of its trade with the US. The next largest single country trading partner at 4%, China, has a carbon price of about $20/t. Trade with the European Union sits at about 8-10%.

As outlined in two Friends of Science Society reports written by retired energy economist, Robert Lyman, this burden of tax and price disparity limits Canada’s competitiveness. Prime Minister Carney is also encouraging the Alberta oil sands operators to ‘decarbonize’ oil, by building a massive, multi-billion-dollar Carbon Capture Underground Storage (CCUS) facility, known as the “Pathways” project of the Oil Sands Alliance. Commenting on the MOU, in “Unruly Ducks: What will it take Premier Danielle Smith to get them all in a row?,” Lyman notes that these costs are largely passed on to consumers.

Friends of Science Society produced a video titled, “Can we decarbonize oil?” critiquing this carbon removal method as being of value for carbon traders, but ineffective to address climate change. As reported by the New York Times on April 16, 2026, Microsoft, the largest purchaser of carbon removal credits, has paused such activity. Friends of Science Society suggests that this puts Carney’s bid for ‘decarbonized’ Canadian oil into question. A 2022 Friends of Science Society report on Carbon Capture and Storage discusses the implications for taxpayers. Much of the Pathways project would be tax subsidized for billions.

In “The Invisible Industrial Carbon Tax,” Lyman writes: “Many Canadians think that the carbon tax has been eliminated. They are unaware of the complexity and cost of the carbon pricing regime imposed on Canadian firms, of the magnitude of the costs and of the misallocation of resources it causes.”

An April 22, 2026, Western Standard op-ed by Lennie Kaplan, outlines the impact the Carney-Smith Net Zero emissions will have on Alberta and Canada. Kaplan is a former senior manager of Fiscal and Economic policy within the Alberta government.

Carbon taxes and CCUS are premised on the thesis that carbon dioxide from human industrial emissions are driving global warming and climate change. To meet Paris Agreement targets, climate activist asset managers and investors have encouraged major corporations to create Net Zero plans and comply with Environment, Social, Governance (ESG), something that American state attorneys general are pushing back on. Friends of Science Society outlined similar concerns in an Open Letter to the Office of the Superintendent of Financial Institutions, particularly noting the retracted Kotz et al (2024) climate damage study employed by the Network for Greening the Financial System (NGFS) central banks.

Climate policy analyst Roger Pielke, Jr., published a two-part Substack on a new paper: “The empirically inscrutable climate-economy relationship.”¹ He writes: “Curtin-Burgess (CB26) ask a straightforward question: Can we actually measure how climate affects the economy from the historical record?…Their answer is no.”

This brings into question the conclusions drawn by JP Morgan’s March 2026 report, “Tipping Points: Decision making under deep uncertainty“.

Tom Harris of the International Climate Science Coalition presented at the recent Heartland Institute climate event, reviewing data analysis of climate records that show Canada is not warming at twice the global average as frequently claimed. Friends of Science Society asks if the scientific evidence does not support the climate claims, why is Canada on this noncompetitive path?

About
Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 23rd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).
Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org
Web: climatechange101.ca

View original content to download multimedia:https://www.prnewswire.com/news-releases/timbit-carbon-taxes-and-net-zero-goals-limit-canadian-economy-says-friends-of-science-society-302753888.html

SOURCE Friends of Science Society

The chemical recycling is essential for improving plastic waste management, enabling resource recovery, and supporting the transition toward a circular plastics economy. It includes pyrolysis, gasification, depolymerization, and solvolysis, which convert plastic waste into valuable feedstocks including fuels, monomers, and chemical intermediates. These technologies are used across waste management companies, petrochemical producers, and recycling facilities to process mixed and contaminated plastic waste that cannot be efficiently recycled through conventional mechanical methods. 

PORTLAND, Ore., April 27, 2026 /PRNewswire/ — Allied Market Research published a report, titled, “Chemical Recycling Market – Global Opportunity Analysis and Industry Forecast, 2025-2034″, valued at USD 4,027.4 million in 2025, is poised for significant growth. With a projected CAGR of 13.6%, the market is expected to reach USD 14,394.7 million by the end of 2035. The chemical recycling market is driven by the increasing need for sustainable plastic waste management solutions, rising demand for recycled raw materials, and growing regulatory pressure to reduce landfill waste and promote circular resource utilization.

Market Introduction

Chemical recycling includes technologies such as pyrolysis, gasification, depolymerization, and solvolysis. The market is witnessing strong growth driven by the rising volume of global plastic waste, increasing environmental concerns, and growing demand for sustainable waste management solutions. Additionally, advancements in advanced recycling technologies such as catalytic pyrolysis, improved reactor systems, and chemical depolymerization processes are transforming waste processing capabilities, enhancing resource recovery, and improving material circularity.

The adoption of integrated recycling systems that connect waste management facilities with petrochemical production plants, coupled with the development of large-scale chemical recycling plants and improved feedstock sorting technologies, is further accelerating market expansion. Manufacturers and recycling companies are increasingly focusing on developing energy-efficient, scalable, and environmentally sustainable recycling solutions to improve process efficiency and product quality. Strategic collaborations among petrochemical companies, waste management firms, and technology providers are fostering innovation and enabling the integration of advanced recycling technologies within global circular economy initiatives.

Report Overview:

The chemical recycling market is segmented into technology, industry and region. On the basis of technology, it is classified into pyrolysis, gasification and depolymerization. On the basis of industry, the market is segregated into packaging, automotive, elctronics, construction and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

• On the basis of technology, the pyrolysis segment dominated the market share in 2025, and depolymerization is expected to register the highest CAGR during the forecast period.
• On the basis of industry, the packaging segment dominated the market share in 2025, and the others is anticipated to grow at the highest CAGR during the forecast period.
• On the basis of region, Europe dominated the market share in 2025. However, the Asia-Pacific region is anticipated to grow to the highest CAGR during the forecast period.

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Report Coverage & Details

Market Growth & Opportunities Factors:

The chemical recycling market is witnessing growth, driven by the rising volume of global plastic waste, increasing environmental concerns, and a growing demand for sustainable waste management solutions. Advancements in recycling technologies such as pyrolysis, gasification, depolymerization, and catalytic processes are transforming the way plastic waste is processed, improving recovery efficiency and enabling the production of high-quality recycled feedstocks. Additionally, the rise in sustainability commitments by industries, coupled with increase in investments in advanced recycling infrastructure, is supporting the adoption of chemical recycling technologies worldwide. The growing need to process mixed and contaminated plastic waste that cannot be effectively treated through conventional mechanical recycling is further boosting the use of advanced recycling systems across waste management and petrochemical sectors.

Emerging opportunities are centered around the integration of advanced sorting technologies, digital monitoring systems, and process optimization tools in recycling facilities, enabling improved feedstock management and higher recovery yields. The increasing collaboration between petrochemical companies, recycling firms, and technology providers is also accelerating the development of large-scale chemical recycling plants. Moreover, the growing focus on circular economy initiatives and sustainable material management using energy-efficient and environmentally responsible recycling technologies presents new avenues for innovation. Expansion in emerging markets, supported by improving waste management infrastructure, rising industrialization, and government initiatives promoting plastic recycling and circular economy strategies, also provides significant growth potential for chemical recycling technology providers and industry stakeholders.

Major Challenges in Industry & Solutions:

Despite strong growth, the chemical recycling market faces several challenges. High capital investment requirements for advanced recycling technologies such as pyrolysis, gasification, and depolymerization plants can limit adoption, particularly among small and mid-sized recycling operators. Establishing chemical recycling facilities requires significant infrastructure, advanced reactors, and complex purification systems, which increase both operational and maintenance costs. In addition, inconsistent availability and quality of plastic waste feedstock, along with the need for efficient collection and sorting systems, remains a key barrier in many regions. Regulatory uncertainty in some markets, coupled with the need to demonstrate environmental and economic viability of advanced recycling processes, can also slow market expansion.

To address these challenges, companies are increasingly focusing on developing scalable, energy-efficient, and cost-effective chemical recycling technologies that can operate with a wider range of plastic waste streams. Investments in advanced sorting systems and digital waste management platforms are helping improve feedstock quality and supply consistency. Moreover, collaborations between petrochemical companies, recycling firms, technology providers, and government agencies are supporting the development of integrated recycling infrastructure. Policy support for circular economy initiatives and increased investments in waste management systems are also helping improve the accessibility and commercial viability of chemical recycling solutions across global markets.

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Regional Insights:

North America holds a notable share of the global chemical recycling market, supported by a strong petrochemical industry, advanced waste management infrastructure, and increasing investments in circular economy initiatives. The U.S., Canada, and Mexico are witnessing growing adoption of technologies such as pyrolysis and depolymerization to convert plastic waste into valuable chemical feedstocks. In addition, increasing sustainability commitments from major corporations and rising demand for recycled polymers across packaging and consumer goods industries are supporting market growth in the region.

Europe represents a mature market driven by strict environmental regulations and strong circular economy policies. Countries such as Germany, the U.K., France, Spain, and Italy are investing in advanced recycling technologies to reduce plastic waste and improve recycling rates. Government initiatives promoting the use of recycled materials and sustainable plastic management are encouraging industries to adopt chemical recycling solutions across the region.

Asia-Pacific holds the major share of the chemical recycling market due to rapid industrialization, high plastic consumption, and rising waste generation. Nations such as China, Japan, South Korea, and India are investing in waste management infrastructure and advanced recycling technologies. The region’s strong manufacturing base and growing packaging and consumer goods industries are further increasing demand for sustainable recycling solutions.

LAMEA (Latin America, Middle East, and Africa) is gradually emerging as a promising market with increasing investments in waste management infrastructure and growing awareness about plastic recycling. Countries such as Brazil, Saudi Arabia, and South Africa are expanding recycling initiatives to address rising plastic waste and support circular economy practices.

Key Players:

The major companies profiled in the report include Eastman Chemical Company, Agilyx, Plastic Energy, BASF, Loop Industries, Brightmark, SABIC, Mura Technology, PureCycle Technologies, and INEOS. The key players operating in the market have adopted collaboration, and partnership, product launch, and innovation as their key strategies to expand their product portfolio.

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Key Strategies Adopted by Competitors

• November 2025, Eastman, a global specialty materials company, collaborated with Medipack to adopt Eastar 6763 Renew copolyester for medical packaging applications. The material contains up to 50% certified recycled content produced through Eastman’s molecular (chemical) recycling technology, enabling circular packaging solutions by converting hard-to-recycle plastic waste into high-quality polymer feedstock.
• October 2025, Eastman, partnered with Ugolini to integrate Tritan™ Renew copolyester into beverage equipment containers. The material contains certified recycled content generated through Eastman’s molecular recycling technology, helping reduce fossil resource consumption and greenhouse gas emissions while maintaining product performance.
• September 2025, Eastman, a global specialty materials company, partnered with Toly to launch Gemini, a luxury cosmetics compact made with Cristal One Renew resin containing up to 100% certified recycled content derived through molecular recycling, demonstrating the use of chemically recycled PET in premium cosmetic packaging.
• September 2025, Eastman, collaborated with Doloop to unveil a beverage bottle made with 100% recycled PET using Eastar Renew chemically recycled resin, enabling high-quality packaging with recycled content comparable to virgin material.
• April 2024, Eastman, a global specialty materials company, partnered with Debrand to recycle pre- and post-consumer apparel waste using molecular (chemical) recycling technology. The process converts textile waste into molecular building blocks that are transformed into Naia™ Renew fibers containing recycled content.
• November 2023, Eastman, collaborated with Ostium to adopt Eastar 6763 Renew copolyester for medical device packaging. The material incorporates recycled content generated through Eastman’s molecular recycling process, enabling the production of high-performance packaging materials.
• March 2023, Eastman, partnered with Lumene to use Cristal™ One Renew resin in cosmetic packaging. The resin contains certified recycled content derived from Eastman’s molecular recycling technology, supporting high-quality cosmetic packaging with reduced reliance on fossil resources.
• July 2025, Agilyx signed an agreement to acquire 44% of GreenDot Global, Europe’s largest waste plastic recycling platform, for about €52 million. The investment strengthens Agilyx’s feedstock sourcing capabilities for advanced/chemical recycling technologies and expands its presence in the circular plastics value chain
• April 2023, Agilyx partnered with BioBTX to produce circular aromatic chemicals such as benzene, toluene, and xylene from waste plastics using advanced recycling technologies. The collaboration aims to create sustainable chemical feedstocks for the petrochemical industry.
• March 2023, Agilyx partnered with INEOS Styrolution and Technip Energies to develop a large-scale TruStyrenyx plant for chemical recycling of polystyrene waste. The technology converts polystyrene into high-purity styrene monomer that can be reused in food-grade plastic products.
• July 2023, SABIC and Plastic Energy partnered with Siemer and Landbell to establish a closed-loop system for plastic packaging recycling. The collaboration focuses on sorting and pre-treating post-consumer plastic waste that will be processed at the advanced recycling unit in Geleen, Netherlands.
• March 2025, BASF signed a long-term agreement with Braven Environmental to source PyChem pyrolysis oil derived from mixed plastic waste. The recycled feedstock will replace fossil raw materials at the BASF TotalEnergies Petrochemical (BTP) complex in Texas and support commercialization of BASF’s ChemCycling portfolio in North America.
• October 2025, BASF introduced two recycling technologies for polyamide (PA6) from end-of-life vehicles, including depolymerization and solvent-based recycling. The processes enable recovery of monomers such as caprolactam, which can be repolymerized into high-performance automotive plastics, helping close the automotive material loop.
• September 2025, Loop Industries introduced new applications for Loop PET resin produced from recycled plastic waste. The product is designed for food-grade packaging and textile applications, supporting a closed-loop recycling model.
• August 2025, Loop Industries announced a collaboration aimed at expanding circular PET supply chains by integrating recycled PET resin into packaging and textile applications. The partnership strengthens adoption of chemically recycled polyester materials.
• August 2025, Loop Industries formed a joint venture with a regional partner to build an Infinite Loop recycling facility. The plant will use the company’s chemical recycling technology to convert plastic waste into virgin-quality PET resin and monomers.
• July 2025, Loop Industries signed a multi-year offtake agreement with a global brand for supply of recycled PET resin produced using its depolymerization technology. The agreement supports commercialization of the company’s circular polyester materials.
• May 2023, Loop Industries announced a collaboration with a global textile company to expand textile-to-textile recycling using its depolymerization technology. The partnership aims to convert waste polyester fibers into new high-quality polyester materials for apparel and textile markets.
• July 2024, Brightmark partnered with Lewis Salvage to collect and recycle healthcare plastic waste such as IV bags and packaging materials. The project supports Brightmark’s advanced recycling process that converts plastic waste into fuels and circular raw materials.
• October 2025, SABIC partnered with Zuyderland Medical Center in the Netherlands to recover and recycle hospital plastic waste that is typically incinerated. The materials are converted through advanced recycling into circular polymers used for new medical packaging applications.
• March 2024, SABIC signed an MoU with Pashupati Group to explore opportunities for plastic waste recycling and conversion to pyrolysis oil feedstock. The initiative aims to strengthen feedstock supply for SABIC’s TRUCIRCLE certified circular polymers in Asia.
• April 2024, SABIC launched bread packaging in Saudi Arabia made with certified circular polyethylene (PE) produced from recycled plastic feedstock under the TRUCIRCLE program. The project demonstrates the use of chemically recycled plastics in food packaging applications.

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