Beginning October, Hormel’s internal segments will consist of Retail, Foodservice, International, and Brand Fuel.
Domino's and a partner sub-franchise operated less than 30 locations collectively, and all of them discontinued service in July.
To commemorate Lamborghini's founding year of 1963, the fourth NFT will only be produced in a restricted quantity of 63 pieces.
According to Mark Armstrong, a packaging specialist at Iceland, bag sealing was a challenge, as was ensuring the material had the necessary barrier properties.
America’s Roundup: Dollar edges higher as traders await U.S. inflation report, Wall ends lower, Gold ticks up, Oil settles lower as halted Russian pipeline flows appear temporary, demand fears rise-August 10th,2022
The number 45 is embroidered on the lace to signify the 45th anniversary of the McDonald's All-American game, despite the fact that this is not an official McDonald's cooperation.
New Balance will soon release a number of inline colorways of 1906, the first of which is scheduled to hit China on August 19th and August 12th in the rest of Asia.
Samsung wants to provide clients with a variety of services through these NFTs, including rewards like offline discounts at partner retailers.
Analyst Ming-Chi Kuo predicts Apple will raise iPhone 14 costs, possibly increasing the base model’s price to nearly $1,000
Macau has seen its casino industry sales shrink by a whopping 95 percent following China’s rigorous zero-COVID-19 policy, setting an all-time low record ever since statistics were made available in 2009.
LG Chem signs joint venture with Archer Daniels Midland to produce corn-based bioplastic
LG Chem announced on Tuesday, Sept. 14, that it has teamed up with Archer Daniels Midland for a joint venture to produce bioplastic made with corn. Starting in 2025, the Korean chemical company and the Chicago, Illinois headquartered food processing and commodities trading corporation are aiming to produce 75,000 tons of corn-based bioplastic a year.
The Korea Herald reported that although the press release was posted on the said date, the agreement was actually signed earlier, on Monday. The two firms are set to launch their venture in the United States within the first quarter of 2022.
They will be manufacturing corn-based lactic acid and poly lactic acid (PLA) bioplastic that is commonly used for food packaging, clothing, upholstery, and disposable silverware. An LG Chem official said that with the project, the company became the first Korean firm to build a PLA factory in the U.S.
The company’s vice chairman and chief executive officer, Shin Hak Cheol, said that its partnership with ADM marks the beginning of a new journey toward a sustainable business for the good of the environment and society.
The deal between LG Chem and ADM will allow the former to obtain a strong supply of raw materials and speed up its effort to commercialize bioplastics to help curb plastic waste and contribute to addressing climate change.
Aju Business Daily mentioned that the corn-based raw materials for producing bioplastics are made from agricultural by-products and used plastic bottles. These are eco-friendly materials that naturally decompose in several months due to microorganisms.
In any case, PLA is a biodegradable plastic that is made through fermentation and refining of glucose that were extracted from corn. LG Chem is joining forces with ADM that has technical expertise in the production of such glucose which is the most important raw material for the corn-based bioplastic.
"The establishment of a joint venture with AMD will be the start of a new journey that goes beyond simple cooperation to lead the transition to a sustainable business structure for the benefit of the environment and society," LG Chem CEO Shin Hak Cheol said in a press release. “We will continue to actively seek out new ways to contribute to carbon-neutral growth as a leader for sustainability.”