A partnership involving Circulate Capital, Bantam Materials and an Indonesian processor will help to recover PET from remote areas of the Asian nation and deliver it to grocery store shelves in Europe and America.
Procter & Gamble, Danone, L’Oréal and other global brand owners have signed letters of intent to buy chemically recycled resin from a $1 billion plant Eastman is planning in France.
As consumers’ appetite for recycled polyester products grows, the industry is facing an unintended consequence: There may not be enough plastic available for recycling to meet the demand.
Canada recycles just 9% of the plastic waste it generates annually, but a think tank’s recently released analysis puts forward a series of changes that could incentivize investment in the country’s recycling industry.
Recycled-content laws are a tool for driving post-consumer resin demand. But what if producers are given too many outs, feedstock is in short supply, or the mandates actually result in greater environmental harm?
New Jersey lawmakers approved legislation mandating recycled plastic be used in rigid containers, carryout bags and trash bags. Meanwhile, a West Coast advisory committee has recommended recycled-content requirements for plastic tubs, thermoforms and cups.
After bankrolling a successful effort to qualify a plastics-fee measure for California’s 2022 general election, hauler and recycling processor Recology has forgiven $2.75 million in loans and will distance itself from the push, according to state records and the company.