Jared Paben

Jared Paben

Leon Farahnik is back, with bullish view on markets

Leon Farahnik is back, with bullish view on markets

The former head of bankrupt reclaimer CarbonLite is launching another company, betting that virgin and RPET pricing will continue to de-couple as brands search for recycled plastic. Leon Farahnik's management company, HPC Industries, recently teamed up with global financial services firm Macquarie Group to launch a PET recycling joint venture called Circularix, which has plans to open its first plant...

$80M recycled pulp plant breaks ground on East Coast

A pulping plant that will consume mixed paper and OCC is now under construction in Virginia. Meanwhile, Sonoco has started testing recycling of plastic-lined paper cups. Joint venture in Virginia Total Fiber Recovery of Chesapeake (TFRC) has begun construction of its $80 million recycled pulp production facility in the city of Chesapeake, Va. According to a press release, the facility...

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