Circulate Capital announced $6 million in funding to recycling companies to prevent marine debris. | Igor Batenev/Shutterstock
Circulate Capital invested $6 million in plastics recycling companies in India and Indonesia, the brand-backed firm’s first outlay designed to prevent marine plastics.
South Carolina-based recycling company Mumford Industries is helping produce personal protective equipment. | Olena Yakobchuk/Shutterstock
Post-industrial scrap plastic recycling company Mumford Industries is producing emergency ponchos to help protect health care workers from the coronavirus.
Circulate Capital’s April Crow (center) at the 2019 Resource Recycling Conference and Trade Show, held in August in New Orleans. | Resource Recycling, Inc./Brian Adams Photography
An ocean plastics prevention fund has $106 million in hand and is gearing up to announce its first investments in Southeast Asian waste management infrastructure.
The $349 billion in initial funding for the Paycheck Protection Program ran out within two weeks. | NIKCOA/Shutterstock
Reclaimers and other processors across the country are looking to a federal assistance program to help them overcome cash-flow problems sparked by the coronavirus. Some have been successful, but others are running into banking complexities and tapped-out funding.
More companies reported selling plastic bottles in California in 2019 compared to the prior year, but so far, slightly fewer said they used recycled plastic. | tezzstock/Shutterstock
Beverage container producers have reported their recycled plastic use in California for 2019. Out of 64 manufacturers, 13 companies said they used recycled plastic.
Eight out of the 10 states with container redemption systems have enacted temporary measures limiting deposit returns in some way. | Karolis Kavolelis/Shutterstock
Stay-at-home orders are hitting container deposit systems hard, leading to significant declines in the volumes of high-quality PET and other recyclables moving to material processors.
Indorama noted the company’s investments in recycling are influenced by the fact numerous brand owners are committing to incorporate more recycled plastic in their products. | barbacane/Shutterstock
Resin giant Indorama Ventures will more than triple its global RPET production capacity in the next few years, according to the company’s most recent annual report.
Over the past month, the price of baled PET containers has dropped by 12%, and natural HDPE continues to slide down from the record-high levels seen in January.
MRF executives have noted staffing and procedural changes to deal with the coronavirus.
As the coronavirus continues to spread, recycling facilities are increasing distance between employees, sanitizing common areas and, in at least one case, halting the practice of punching in and out on a time clock.