Data from the Beverage Marketing Corporation showed that bottled water hit a record volume consumed in 2022, at 15.9 billion gallons.
Circulate Capital partnered with several organizations to launch a $65 million initiative to combat plastic pollution in Latin America and the Caribbean. The partners are IDB Lab, Builders Vision, Chevron Phillips Chemical, Danone, Dow, Mondelēz International and Unilever.
Illinois-based recycler Midland Davis hired Lily Ramsey as a junior broker and promoted Susan Petersen to director of customer service.
PET Baltija will invest $10.8 million in a Latvian PET recycling plant, which will be one of the largest industrial buildings in the country, boasting an outdoor area of around 431,000 square feet and a total interior area of 323,000 square feet.