In the U.S., the plastics recycling market has been largely dictated by pandemic-related collection and demand realities. Overseas, a recent Chinese move to restrict recycled plastic pellet imports is posing trade challenges.
Another major container ship operator says it’s ending scrap shipments to China as that country prepares to widen its prohibition on imports of recovered material. Meanwhile, insurance providers recently analyzed the Chinese policy and its ramifications for shipping lines.
This article has been updated.
Shipping company Hapag-Lloyd announced it will stop taking recycled material loads to China this year, citing the country’s recent law that referenced an all-out “solid waste” import ban in the near future.
The Alliance to End Plastic Waste is currently working to implement more than a dozen initiatives worldwide. The group’s leader recently explained key details, as well as how COVID-19 has impacted progress.