The materials technology company will lay off 32% of its staff and shift more resources toward commercializing PET closures, a process the CEO said has taken longer than expected.

The US Plastics Pact and the Alliance to End Plastic Waste released reports outlining necessary steps to improving recycling outcomes for plastic film and flexible packaging.

Legislators introduced the Recycled Materials Attribution Act in the US House, drawing support from a new industry group and scrutiny from a plastics advocacy organization.

The Association of Plastic Recyclers recognized that developing guidelines before PET caps were completely developed and commercialized was crucial, and could provide a roadmap for future packaging formats.

Executives from the Mexico-headquartered polyester giant said the Chinese government has acknowledged issues and convened PET producers, but Alpek is cautious on what this means for the future.

The organization aims to leverage Mexico's leadership in plastics recycling and vital role in North American markets.

During a short session, the Intergovernmental Negotiating Committee elected Chilean diplomat Julio Cordano to continue efforts toward an internationally binding agreement to reduce plastics pollution.

The bill would require the US EPA to collect data on reuse and refill systems across industries including consumer packaging, personal care products and wholesale shipping of retail goods.

The polypropylene recycler will invest $8.5 million to fit an existing facility in Charlestown, across the Ohio River from its current home in Jeffersontown, Kentucky.

The global packaging giant said some brand owners have lost market share while navigating an inflationary environment, and now may shift focus from price to volumes.