Na Kyung-soo, CEO of SK Global Chemical, signs the strategic investment agreement with Loop Industries on June 23. | Courtesy of SK Global Chemical
Quebec-based Loop Industries is receiving a $56 million equity investment from plastics giant SK Global Chemical to help it grow its PET depolymerization business.
The head of the Institute of Scrap Recycling Industries says the group has worked closely with officials in countries around the world to ensure that exported materials meet high quality thresholds. | peresanz / Shutterstock
Metaspectral’s vision system is capable of operating at conveyor belt speeds of up to 10 meters per second. | Nordroden / Shutterstock
The government of British Columbia is helping to fund development of a high-precision scrap plastics identification technology, according to the developer.
The recently drafted “Recycling Infrastructure Plan” includes requests for funding of $3.3 billion in physical infrastructure and $3.3 billion for infrastructure support policies and programs for the first year. | zlikovec / Shutterstock
Nonprofit organizations have drafted a plan for federal spending on recycling infrastructure, and much of the document takes aim at plastics.
The author makes the case that user incentives must be a part of wider strategies to boost plastics recovery. | Thomas Bethge / Shutterstock
Maine’s new law requires packaging producers to fund the recycling of their products. | Sean Pavone / Shutterstock
The governor of Maine has signed legislation establishing extended producer responsibility for packaging materials in the state. It’s the first bill of its kind to become law in the U.S.
The American Chemistry Council’s position statement comes at a time of heightened legislative activity on plastics. | Natallia Boroda / Shutterstock
A major industry group is urging Congress to adopt a national recycled plastic standard, facilitate “rapid scaling” of the chemical recycling sector, and more.
Sellers of recycled plastics have continued to enjoy strong markets, with virtually all grades seeing value boosts from June to July.
Early this month, Turkey’s ban on scrap PE imports went into effect. But just days later, the government repealed the regulation. | gd_project / Shutterstock
Shortly after barring recovered PE from import into the country, Turkey’s government has repealed the ban and implemented an enhanced licensing system instead.