By mid-2023, the Myplas facility had drawn a total investment of $24 million, but it shut down shortly after it opened. | Photo via MBOLD on YouTube
Minnesota-based film recycling company Myplas USA closed its doors just weeks after opening, and was quickly served with an eviction lawsuit. The legal action has been settled out of court, but the facility’s future remains uncertain.
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Emily Friedman of ICIS described several trends driving recycled resin markets in the U.S., during the 2024 Plastics Recycling Conference in Grapevine, Texas. | Big Wave Productions/Plastics Recycling Update
A long runup in recycled natural HDPE prices came to an end last summer, when prices plummeted to levels not seen since 2019. A market analyst with ICIS recently explained how this has become a trend in the plastics recycling market – and how the cycle is beginning again. Continue Reading
U.S. exporters shipped 234.6 million pounds of scrap plastic to other countries during the first three months of the year, on par with what was exported during the same period in 2023. | Aaron Jacobs/Shutterstock
More than half of the scrap plastic that left the U.S. in the first quarter of the year stayed in North America, recent export figures indicate. Continue Reading
Five big North American haulers recently reported their first quarter earnings. | Janossy Gergely/Shutterstock
Publicly traded recycling collectors saw bale prices rise in the first quarter, contributing to higher revenues and a positive outlook for the year ahead.
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From left: Dan Leif, Holli Alexander and Candace Rutherford. | Big Wave Productions/Plastics Recycling Update
This story has been corrected.
Chemical recyclers are forging partnerships, eyeing underutilized material streams and getting creative to secure enough supply to feed their ambitious plans, according to leaders in the sector. Continue Reading
Brightmark announced a new pyrolysis plant in Georgia, following up on canceled 2022 Georgia plant plans. | Courtesy of Brightmark
Brightmark is developing a pyrolysis plant in Georgia capable of processing 800 million pounds of mixed plastics per year, the company announced last week. Continue Reading
Global consumer products company Unilever announced it will revise its sustainability goals, but also said the experience had shown that policy is needed to make real change. | DeawSS/Shutterstock
Unilever recently acknowledged it will miss its 2025 target date for key plastics recycling goals and revised its pledge to reflect that reality – but the company’s head of packaging also said the failure contributed to its support for stronger regulations like extended producer responsibility. Continue Reading
The week of negotiations had moments of both hope and frustration for delegates, who are racing against the clock to create a final treaty. | Photo courtesy of IISD/ENB Kiara Worth
The fourth meeting to draft a global plastic pollution treaty ended just after 3 a.m. on April 30 with general agreement on the need for global rules and mandates on product design, composition, performance and extended producer responsibility.
Sustainable Electronics Recycling International’s survey received 55 responses over two and a half weeks representing 214 facilities worldwide. | Jared Paben/Resource Recycling
A recently published survey of e-scrap companies in the U.S. and abroad offered a look at how many operators are handling plastics recovered from devices. It also provided insights on why a domestic e-plastics processing industry has yet to develop. Continue Reading
Plastic Odyssey has stopped in 20 countries over the last year and a half, working to connect local plastics recycling stakeholders and share recycling knowledge. | Photo courtesy Plastic Odyssey
It’s been nearly 18 months since a 128-foot vessel embarked on a global voyage to share knowledge and equipment with communities facing plastic pollution management challenges. A leader of the Plastic Odyssey project reported on the progress in an interview. Continue Reading