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Plastics giants snatch up CarbonLite plants via auction

Published: May 26, 2021
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CarbonLITE's Dallas recycling facility featuring BHS equipment.

Equipment in CarbonLite’s Dallas PET recycling facility. Indorama Ventures submitted the high bid to acquire the plant during an auction this week.

As part of a bankruptcy case, DAK Americas, Indorama Ventures and The Sterling Group have submitted the high bids to acquire CarbonLite’s PET recycling facilities.

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Plastic exports increase in the first quarter

Published: May 26, 2021
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Aerial view of port in Baltimore, Md.

U.S. exports of scrap plastics increased in the first quarter of 2021, with Malaysia as the largest overseas destination. | WWK Photography / Shutterstock

Recovered plastic exports from the U.S. were up in the first three months of 2021 compared with the prior year. Canada brought in nearly a third of all exported material.

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Plastics producers put $25 million into new recycling fund

Published: May 26, 2021
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Signing business documents.

The Circular Plastics Fund will target both post-consumer and post-industrial PE and PP in the U.S. and Canada. | Gajus / Shutterstock

Dow, LyondellBasell and Nova Chemicals will invest at least $25 million in plastics recycling infrastructure, with a longer-term goal of growing the initiative to $100 million. Continue Reading

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Pennsylvania PRF will provide local collection via mobile app

Published: May 19, 2021
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Mixed household plastics for recycling.

Through the partnership in Erie, app users will be able to schedule on-demand curbside plastics collection. | Real_life_Studio / Shutterstock

International Recycling Group, a company that’s developing a massive plastics sorting facility, inked a deal to offer on-demand curbside recycling of virtually all plastics.

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Here’s what’s driving markets for 3-7 plastics

Published: May 19, 2021
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EFS-plastics described how virgin resin pricing and other factors are impacting the recycling sector. | Ann Moore / Shutterstock

The mixed-plastics processing sector is seeing supply challenges from product labeling changes and could be significantly disrupted by chemical recycling initiatives, according to one processor.

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CarbonLite facility to be auctioned in bankruptcy case

Published: May 5, 2021
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CarbonLite's Reading, Pa. facility exterior at night.

The CarbonLite facility in Reading, Pa. is scheduled to be sold at auction this month. | CarbonLite

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.

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Brand owner launches bottle recovery initiative

Published: May 5, 2021
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Plastic Pepsi bottles in store.

The PepsiCo recycling program is being offered to schools, universities, stores, restaurants and other away-from-home settings. | SunnyToys / Shutterstock

PepsiCo recently rolled out a collection system providing bins, regular collection and data analysis for bottle recycling at businesses and other non-residential spaces.

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