The action toward more environmentally friendly products is involving major players in the payment-card industry.
It used to be that “green payments” meant dollar bills, but not anymore.
EFS is focused on materials that have traditionally been exported to overseas markets.
Mixed plastic bales have become increasingly difficult to move through the recycling system as overseas markets have diminished, leading some local programs to stop collecting plastics Nos. 3-7 altogether.
The graph below shows the downstream trends for four major plastic resins collected for recycling in the U.S. and Canada going back to 2009 (the graph stops at 2017 because that is the most recent year for which figures are available).
From 2009 to 2016, the total amount of post-consumer plastic exported to overseas markets from the U.S. and Canada stayed relatively stable, but that number dropped considerably in 2017. That fact is hardly surprising: China stated in 2017 that it was planning to implement its import ban on many grades of recovered material at the outset of 2018, and the announcement itself caused major market shifts.
On the domestic processing front, the total amount climbed steadily before plateauing between 2016 and 2017. With more material needing a home as many Asian markets enact restrictions, opportunity exists for continued domestic processing growth. The keys will be infrastructure improvements to deliver cleaner loads to reclaimers and greater end market demand for the recycled resins.
Data Sort is produced each quarter by More Recycling. For additional information, go to morerecycling.com.
This story originally appeared in the Summer 2019 issue of Plastics Recycling Update. Subscribe today for access to all print content.
After being founded in 2015, A1 Polymer Recycling began running its processing line full tilt in the second quarter of 2017. That was right around the time China started signaling its plans for an import ban on scrap plastic and shaking the foundations of recycling markets.
