Phillips 66 shareholders voted to support a resolution asking the energy company to detail its market risks of continuing to invest in virgin plastics. | Courtesy of Phillips 66
This story has been updated.
A slight majority of shareholders at Chevron Phillips’ parent company recently voted to support a resolution on shifting toward more recycled plastic use, while 37.4% of ExxonMobil shareholders voted in favor of a similar resolution. Amazon shareholders vote on a similar resolution this week.
In the company’s annual report, ADS showed gross profit was over $800 million, up 16% from the previous year. | Leonid Sorokin/Shutterstock
Advanced Drainage Systems, now the largest plastics reclaimer in North America, increased its product sales by nearly 40% last year.
Goodwill Industries of West Michigan will partner with recycled-plastics product maker HydroBlox. | Joni Hanebutt/Shutterstock
A new plant in western Michigan will recycle recovered plastic from Goodwill into stormwater drainage infrastructure.
Indorama Ventures developed its PET food tray recycling technology over the past six years. | Pavel Kapysh/Shutterstock
Indorama Ventures is moving into the commercial stage of a project in which post-consumer PET trays are recycled into flake used in food packaging.
The bipartisan infrastructure bill passed last year provides about $350 million to the U.S. EPA over several years to fund recycling infrastructure and education grants. | RozenskiP/Shutterstock
The U.S. EPA is working to build several grant programs from the ground up thanks to an influx of money from the Bipartisan Infrastructure Law, and it is reaching out to stakeholders to make sure the programs will meet industry needs.
Aquafil’s Woodland, Calif. facility will be closed after a short period of operation. | Courtesy of Aquafil
Shortly after opening its Northern California carpet recycling plant, Aquafil is working to close the facility and consolidate processing equipment elsewhere.
Colorado is the third state in the U.S. to pass a packaging extended producer responsibility bill, and the first in the 2022 legislative session. | Arturs Budkevics/Shutterstock
While many industry leaders praised the recent passage of a Colorado bill establishing extended producer responsibility for printed paper and packaging, others are calling for Gov. Jared Polis to veto it.
Polycarbin partners with area recyclers to process collected lab plastics, then Polycarbin brings the recycled plastic to several different contract manufacturers that mold it into lab products. | Courtesy of Polycarbin
The co-founders of Polycarbin met in medical school, on track to become plastic surgeons. That’s a point of irony now, they said, as their lab plastics recycling business continues to grow.