In court recently, former CarbonLite CEO Leon Farahnik’s attorneys elaborated on the financial conditions that led to the company’s bankruptcy. | Bragin Alexey / Shutterstock
Companies owed money by CarbonLite say the PET reclaimer’s failure came amid “gross financial mismanagement,” and they want an in-depth investigation. CarbonLite’s lawyers pinned the closure on a lack of brand owner support and other factors.
Legislation awaiting the governor’s signature would classify mixed plastics that are generated in California and exported from the U.S. as “disposal” rather than “recycling.” | Sumrit Tesrumphun/Shutterstock
California lawmakers have approved a bill that would no longer allow scrap plastic that is exported to be considered recycled. The legislation now heads to the governor for final consideration.
A number of companies recently gained approval to use their technologies to produce recycled resin for sale into food and drink packaging markets. | Nixx Photography/Shutterstock
A chemical recycling startup, a massive resin producer, equipment providers and packaging producers are among the companies that have received the green light to recycle plastic into food and drink packaging.
The Plastic Odyssey project has been in the works for five years and is planning to launch late this year. | Courtesy of Plastic Odyssey
Plastic Odyssey, a project that will demonstrate open-source plastics recycling equipment and business models in countries without developed waste management infrastructure, is preparing to embark on a trip around the globe.
In North America, Walmart increased its percentage of PCR in private brand packaging from 7% in 2019 to 9% in 2020. | Anton Gvozdikov / Shutterstock
Walmart has increased the percentage of post-consumer resin used in its private label packaging in North America, but the number is flat globally.
With the acquisition, Revolution will work toward incorporating its post-consumer resin in stretch films. | Dmitry Markov152 / Shutterstock
A group of plastics recycling and product manufacturing companies continues to grow, this week adding a stretch film producer.
A leader at NOVA Chemicals says ease of recycling access is essential to build circularity in plastics. | spwidoff / Shutterstock
Akoya Capital Partners, a Chicago-based investment company, is the new owner of Star Plastics. | fizkes / Shutterstock
Processor and compounder Star Plastics has been acquired by a private equity firm. Company founder Doug Ritchie said the partnership will help Star expand its product line.
Under the review program, products will be analyzed for their technical compatibility with current recycling processes. | ShutterOK / Shutterstock
The Association of Plastic Recyclers is launching an initiative to further recognize brands and others that are innovating in line with current plastics recycling capabilities.
The American Chemistry Council’s Plastics Division laid out a series of goals related to recycling. | MOLPIX / Shutterstock
A major U.S. industry group has announced ambitious long-term goals related to the recycling of plastic packaging.