Court records show that the new owners of Pinnpack plan to invest millions in the company. | Valery Evlakhov / Shutterstock
A federal judge approved a $9.6 million purchase bid for Pinnpack, allowing the California recycled PET thermoform manufacturer to remain operational.
Data shows that the U.S. PET bottle recycling rate in 2019 was 27.9%, down from 29.0% in 2018. | TeuNg-StyLe / Shutterstock
Slightly less scrap plastic from the U.S. was recycled in 2019 than the year prior. The data comes as brand owners signal greater demand for recycled resins.
PolyQuest has invested more than $50 million in the Darlington facility since 2004. | Courtesy of PolyQuest
After expanding its processing capacity last year, PET processor PolyQuest is now adding buildings, rail spurs and other site improvements.
PolyQuest is adding a post-consumer PET processing line at its Darlington, S.C. recycling plant. | Photo courtesy PolyQuest
PolyQuest is adding 25 million pounds per year of processing capacity to its South Carolina pelletizing operation. Growth in customer RPET demand led to the investment. Continue Reading
A group of 100 U.S. brand owners and other stakeholders have laid out a roadmap for achieving various plastics sustainability objectives. | AngieYeoh / Shutterstock
The U.S. Plastics Pact this week laid out its five-year plan for increasing recycled plastic use and boosting recycling rates, among other objectives.
The price of post-consumer PET bales rose 37% over the past month. Meanwhile, the price of natural HDPE scrap crossed the $1 threshold for the first time.
Rendering of the planned “SuperPRF” courtesy of International Recycling Group.
International Recycling Group hopes to finish financing a $150 million plastics recovery facility by the end of the year, with the massive plant scheduled to come on-line in 2023.
PinnPack, which uses RPET to produce recycled-content thermoformed packaging, will be auctioned today (June 16). | Konektus Photo / Shutterstock
An auction will be held today to sell PinnPack, a thermoform packaging manufacturer owned by bankrupt company CarbonLite. Meanwhile, acquisitions of the company’s three PET recycling plants have been finalized.
