A U.K. plastics recycling business hits hard times, and an Australian company that makes recycled plastic pallets is now publicly traded.
U.K.: The parent company of major plastics recycling enterprise CK Group has entered administration, according to letsrecycle.com. The move is reportedly a result of a decline in demand for recycled material from Asian buyers.
Australia: Recycled plastic pallet manufacturer Range International has gone public. It began listing on the Australian Securities Exchange last week after raising 50 million Australian dollars through an initial public offering.
Australia: The state of Queensland recently passed a bottle bill. It places a 10-cent deposit (Australian currency) on all plastic, aluminum and cardboard drink containers. New South Wales recently passed a similar bill, according to The Courier Mail.