Scrap plastic exported out of the U.S. is moving to Southeast Asia, where reclaimers are dramatically increasing purchases as China closes its doors to recovered materials. New figures illustrate that shift.
Scrap plastic exported out of the U.S. is moving to Southeast Asia, where reclaimers are dramatically increasing purchases as China closes its doors to recovered materials. New figures illustrate that shift.
Chinese officials have announced the first batch of plastic scrap import permits for 2018, and the volumes laid out in those authorizations represent a massive reduction from one year ago.
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 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.