Axium Packaging is investing a total of $77 million to build a manufacturing plant in North Carolina, worth $32 million, and a recycling facility at its headquarters in Ohio for $45 million.
Closed Loop Partners’ Circular Plastics Fund added Chevron Phillips Chemical and Charter Next Generation as investors, boosting the fund’s total capital to $45 million.
LyondellBasell acquired European plastics reclaimer Mepol for an undisclosed amount.
New York Gov. Kathy Hochul signed Senate Bill 834, which delays implementation of the extended producer responsibility law for carpet by two years.
Plastics Recyclers Europe said investments grew the European Union’s plastic recycling capacity by 17%.
The U.K. government may block Scotland’s bottle recycling plan over an exemption request.
The U.S. Plastic Pact launched a PCR toolkit at the 2023 Plastics Recycling Conference.