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Unilever invests in fund that acquires recycling companies

Published: March 24, 2021
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Unilever logo on company building with blue sky above.

Unilever uses about 118,000 metric tons of plastic packaging in North America each year, half of which is post-consumer resin. | Peter Bueno/Shutterstock

Unilever North America will invest $15 million in the Closed Loop Partners Leadership Fund, a private equity platform that helps grow companies in the recycling value chain.

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Federal plastics proposal returns this week

Published: March 24, 2021
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U.S. Capitol with reflecting pond in foreground.

Legislation to be reintroduced will include provisions for a national bottle bill and a ban on certain single-use plastic items. | S-F/Shutterstock

Two members of Congress will revive the Break Free From Plastic Pollution Act, which includes a national container deposit system and other sweeping changes. Representatives from the plastics industry have countered the push.

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Attractive innovation: Magnets help on bottle recycling obstacle

Published: February 18, 2020
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As part of the pilot project, Magnomer’s magnetizable inks were printed on shrink labels in collaboration with American Fuji Seal. | Courtesy of Magnomer

A startup that supplies an ink allowing shrink sleeve labels to be separated from PET flakes with a magnet has successfully completed early testing of the innovation.

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State lawmaker wants to clamp down on scrap plastic exports

Published: March 17, 2021
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Aerial view of the California state capitol building in Sacramento.

A recently introduced joint resolution in California calls on the Biden administration to ratify the Basel Convention. | cmshepard/Shutterstock

A California legislator says U.S. ratification of the Basel Convention would build up domestic processing infrastructure, reduce negative impacts from exports, and create jobs in this country. At least one large reclaimer supports the move.

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FDA issues food-contact recycled resin letters

Published: March 10, 2021
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Plastic beverage bottles.

The FDA issued a number of approvals for recycling technologies to produce recycled resin for use in food and beverage packaging. | Funtap/Shutterstock

The Food and Drug Administration issued a slew of letters giving reclaimers the green light to produce recycled resin for use in food and drink packaging last year.

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CarbonLite files for Chapter 11 bankruptcy

Published: March 8, 2021
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CarbonLite Facility exterior with California and U.S. flags.

CarbonLite operates recycling facilities that bring in PET bales from deposit and curbside sources.

PET recycling firm CarbonLite and a subsidiary this week filed for bankruptcy, indicating the company plans to reorganize and continue operating. A company leader said market strife and COVID-19 impacts led to the decision.

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