A representative from a European firm that has felt the direct impacts of China’s import restrictions on recovered plastic recently offered an inside look at the fallout from the unprecedented disruption to industry trade.
Colin Staub is a reporter at Resource Recycling. He can be contacted at [email protected].A representative from a European firm that has felt the direct impacts of China’s import restrictions on recovered plastic recently offered an inside look at the fallout from the unprecedented disruption to industry trade.
A key unknown during the Congressional tax negotiations was the fate of tax-exempt private activity bonds, which are frequently utilized in the solid waste and recycling industry. They are retained in the final tax bill.
The federal tax bill that passed Congress this week retains tax incentives and exemptions that could boost the recycling sector.
Chinese plastics recycling companies are considering processing infrastructure investments in Southeast Asia, the U.S. and elsewhere.
Two industry groups have released reports examining plastic packaging recycling in Europe and where it’s headed.
China is unprepared to effectively roll out and enforce its planned Jan. 1 ban on imports of certain recyclables, according to recycling leaders who recently traveled to the country in search of answers.
There is growing chatter that China’s ban on imports of many recovered plastics will grow the country’s demand for virgin resins.
Tax reform legislation moving through Congress could help plastics recycling companies deduct equipment expenditures.
Tax reform bills approved by the U.S. House and Senate include sweeping cuts to business taxes, and recycling industry associations are applauding the business-friendly measures.
Chinese officials have reiterated that some post-consumer plastics will be banned from import by the end of the month, and have elaborated on stringent future enforcement and regulatory plans. Even so, one exporter sees the potential for washed flake to be allowed in under the new restrictions.
A Canadian organization with a focus on marine debris is building a global effort to facilitate collection of plastics from impoverished countries and connect that material with end users.