A federal judge approved a $9.6 million purchase bid for Pinnpack, allowing the California recycled PET thermoform manufacturer to remain operational.
A federal judge approved a $9.6 million purchase bid for Pinnpack, allowing the California recycled PET thermoform manufacturer to remain operational.
Slightly less scrap plastic from the U.S. was recycled in 2019 than the year prior. The data comes as brand owners signal greater demand for recycled resins.
After expanding its processing capacity last year, PET processor PolyQuest is now adding buildings, rail spurs and other site improvements.
PolyQuest is adding 25 million pounds per year of processing capacity to its South Carolina pelletizing operation. Growth in customer RPET demand led to the investment. Continue Reading
The U.S. Plastics Pact this week laid out its five-year plan for increasing recycled plastic use and boosting recycling rates, among other objectives.
The price of post-consumer PET bales rose 37% over the past month. Meanwhile, the price of natural HDPE scrap crossed the $1 threshold for the first time.
International Recycling Group hopes to finish financing a $150 million plastics recovery facility by the end of the year, with the massive plant scheduled to come on-line in 2023.
An auction will be held today to sell PinnPack, a thermoform packaging manufacturer owned by bankrupt company CarbonLite. Meanwhile, acquisitions of the company’s three PET recycling plants have been finalized.
Bills establishing extended producer responsibility for packaging materials were introduced in a handful of states this year. Several have failed to gain traction, but at least two key proposals remain active.