NewsBits

NewsBits

Plastics-to-oil firm JBI recently raised over $4 million in funding. The company [1] issued 1.1 million shares of Series B Convertible Preferred Stock at a price of $3.50 per share, which can be converted into seven shares of common stock June 30, 2014.

MBA Polymers has filed Patent Application 20130008831, which describes methods and devices for separating plastic materials from shredded electronics.

Arlington, Washington-based MicroGREEN Polymers has received [2] a $5 million investment from the Stillaguamish Tribe that will help MicroGREEN expand its recycled PET cup and tray production capabilities. The tribe also announced it will use MicroGREEN products in its casinos.

A new report [3] from U.K. market research firm Visiongain predicts that while the glass packaging market will reach $36.8 billion this year, its potential growth over the next decade will be limited by demand for lighter-weight PET bottles and containers — specifically PET.

Texas Disposal Systems, based in the Austin suburb of Creedmoor, is launching [4] a curbside plastic bag collection program as part of its single-stream collection service in Georgetown, Texas. The move stands in contrast with the City of Austin, where a retail bag ban goes into effect in March.

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