A number of prominent names are financing Myplas USA’s first U.S. polyethylene film recycling plant, to be located in Rogers, Minn., outside of Minneapolis. | Joyce Blessthink/Shutterstock
Brand owners and other private and public entities are investing millions of dollars into a plastic reclaimer’s project to build a 170,000-square-foot film recycling facility in the Upper Midwest.
Federal researchers found study also found that only about 5% of discarded plastic in the U.S. was recycled in 2019, while 86% was left in landfills and 9% was burned to generate electricity. | Huguette Roe/Shutterstock
A study from the U.S. Department of Energy estimated the amount of plastic discarded in the U.S. in 2019 was 44 million metric tons, higher than other estimates.
An SEC fact-finding investigation into PP recycling startup PureCycle recently concluded without further action. | AevanStock/Shutterstock
PET recycling startup Loop Industries agreed to pay millions of dollars to settle a lawsuit from investors, and regulators have ended their investigation of PP recycling startup PureCycle Technologies without taking further action.
The state of New York will direct millions of dollars toward plastics recycling research at the University at Buffalo. | Credit: Meredith Forrest Kulwicki
New York state officials awarded the University at Buffalo $4.5 million to create a research center for improving plastic recycling.
Cascades has invested over 30 million Canadian dollars into developing 100% RPET packaging. | Courtesy of Cascades
A couple of converters have rolled out notable recycled-plastic packaging innovations: an RPET food tray and a label-less RPET bottle.
Investor interest in waste reduction and recycling is rising steadily, according to an investment manager. | Sittipong Phokawattana/Shutterstock
As aspirations for a circular economy continue to gain traction, some financial index providers are urging investors to take notice of what they call an emerging opportunity.
Michigan-based East Jordan Plastics recycles over 20 million pounds of horticultural containers each year. | apple2499/Shutterstock
East Jordan Plastics, one of the largest horticultural container manufacturers in North America, announced it will build a $44 million facility in Lyons, Ga.
The owner and president of US Premium Molders said Berwick was chosen for its easy access to the major interstates and proximity to the metropolitan markets. | SevenMaps/Shutterstock
US Premium Plastics is expanding into the injection molding business and recently signed a lease in Berwick, Pa.