The largest CarbonLite PET recycling facility will be auctioned as part of the company’s ongoing bankruptcy proceedings. Virgin resin producer DAK Americas submitted a bid to purchase the Reading, Pa. plant for $96 million.
The U.S. EPA’s top environmental justice official has a message for recycling operators: Don’t wait for a conflict to arise to start engaging with the community that surrounds you.
PP recycling startup PureCycle Technologies will be purchased by investment firms that will list the company publicly. They plan major expansions, including a second U.S. location that will process more than 800 million pounds annually.
Agilyx plans to source at least 6 billion pounds of scrap plastic annually by 2030, according to a recent financial filing. The report also indicates the growing firm did not turn a profit last year.
HDPE tubes, PET aerosol containers and PP thermoforms were among the packaging innovations that received recyclability recognition from the Association of Plastic Recyclers recently.