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Top stories from May 2024

Published: June 12, 2024
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Photo courtesy of IISD/ENB Kiara Worth

Plastics policy development – at both the global and state levels – drew readers last month, along with a major packaging firm’s acknowledgement it will miss its target deadline for recycling goals.

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Investment firm details 10 years of plastics impact

Published: June 12, 2024
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A recycle symbol made from three green plastic bottles.

Closed Loop Partners has made more than 80 investments over the past 10 years of existence and is poised to keep going. | Chones/Shutterstock

Closed Loop Partners has provided funding to more than 80 companies and municipalities over its decade in existence, a period of significant turbulence in the U.S. recycling sector. Continue Reading

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Brand owners announce targets for next five years

Published: June 12, 2024
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Blue plastic pellets

The U.S. Plastics Pact reported that by the end of 2022, pact signatories had increased PCR use from 7% to 9.4%. | XXL Photo/Shutterstock

The U.S. Plastics Pact this week unveiled the goals its signatories will strive for during the next five years. Most of the goals build on the efforts over the past five years, and the group’s target date to hit 30% average recycled content has been extended from 2025 to 2030. Continue Reading

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Thinking outside the sustainability box

Published: June 12, 2024
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Panelists discuss how collaboration can benefit all parties during the session “The New Era of Collaboration” at the 2024 Plastics Recycling Conference in Grapevine, Texas. | Big Wave Productions/Resource Recycling

Collaboration between all parts of the plastic value chain is necessary to advance sustainability goals, and four companies at the 2024 Plastics Recycling Conference showed how they’re embodying that idea.  Continue Reading

Platform scales up tools to digitize recycling sector

Published: June 5, 2024
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baled plastics

Matium both connects buyers and sellers and makes data reporting easier for users of the digital platform. | Ann-Moore/Shutterstock

Matium last month began the commercial launch of a platform that digitizes many aspects of the plastics recycling trading business. The company also received a recent funding boost from an economic development agency in Colorado.

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Bic reports on 2023 recycled content use

Published: June 5, 2024
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Bic reported 62.1% recycled content in its plastic packaging in 2023, up from 54.7% in 2022 and 52.1% in 2021. | Arhelaos/Shutterstock

French manufacturer Bic used 62% recycled content in its plastic packaging last year, moving it closer to a 2025 goal. But the company has a ways to go to meet its goal for recycled content in its actual products, which include lighters, pens, razors and other consumer goods.

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By and for Minnesotans: Getting packaging EPR passed

Published: June 5, 2024
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Minnesota State Capitol

Minnesota became the fifth U.S. state to pass extended producer responsibility for packaging. | IMG_191/Shutterstock

After months of collaboration and negotiation, stakeholders in Minnesota walked away with an extended producer responsibility bill for packaging that had elements both familiar and unique, and an overarching question: Is this the first state in a new wave of EPR or a continuation of early adopters? 

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