The U.S. and Europe have had formal recycling infrastructure in place for decades. That’s not the case in India, where Circulate Capital just invested millions of dollars to boost infrastructure and reduce ocean plastics generation.
The U.S. and Europe have had formal recycling infrastructure in place for decades. That’s not the case in India, where Circulate Capital just invested millions of dollars to boost infrastructure and reduce ocean plastics generation.
Congress sent President Trump a spending bill that includes $900 billion in coronavirus-related relief aid, with nearly one-third of the money dedicated to small business assistance.
Oil and gas giant ExxonMobil will invest $8 million in a scrap plastics feedstock business launched by Agilyx, a chemical recycling company.
To counter accusations that its technology claims are bogus, Loop Industries has released the results of an independent review confirming its PET depolymerization process works.
Recent testing has shown that several bottle label innovations and a barrier tube package are compatible with plastics recycling processes, according to the Association of Plastic Recyclers (APR).
This story has been updated.
Revolution signed a deal to provide NOVA Chemicals with post-consumer resin for sale to NOVA’s customers. Separately, NOVA will research end markets for recycled flexible film pet food packaging.
The U.S. PET bottle recycling rate declined by a percentage point to 27.9% in 2019, though the amount of RPET used to make new bottles increased.
The world’s largest PET producer will put massive sums of money into boosting RPET production capacity, and petrochemical companies recently described new chemical recycling collaborations.
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Pennsylvania’s governor signed legislation that eases the regulatory environment for facilities that use certain technologies to process scrap plastics.
This story has been updated.
Sonoco is planning to shutter a West Coast thermoforming operation that uses recycled PET, with layoffs scheduled to start Dec. 20.