Circulate Capital invested in Dalmia Polypro Industries, a plastic bottle recycling company based in Mumbai, India. | Courtesy of Circulate Capital.
The U.S. and Europe have had formal recycling infrastructure in place for decades. That’s not the case in India, where Circulate Capital just invested millions of dollars to boost infrastructure and reduce ocean plastics generation.
Canada is a major buyer of U.S. scrap plastic, underscoring the significance of the recent agreement. | JHVEPhoto/Shutterstock
New trade restrictions will make it more difficult to ship scrap plastic from the U.S. to most countries next year. But exports to Canada are unlikely to be affected by the policy.
Analysts say that new Chinese import regulations covering recycled pellets have created challenges for exporters of the material. | Sheila Fitzgerald/Shutterstock
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.
Chinese officials are working to update standards for recycled plastic pellets, laying out new quality requirements. | Afanasiev Andrii/Shutterstock
Recycled plastic pellets are facing greater scrutiny upon import into China, international recycling stakeholders recently reported.
Interpol found that plastic waste fires, both accidental and deliberate, have increased since Chinese import restrictions took hold. | MOHAMED ABDULRAHEEM/Shutterstock
Improper management of scrap plastics in Southeast Asia and elsewhere has increased sharply in the wake of China’s National Sword policy, according to international law enforcement body Interpol.
Despite the upcoming ban, the Chinese government continues to approve permits for more recovered paper to enter the country. | hxdbzxy/Shutterstock
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.
Myanmar Recycles has customized a wash line with more than a dozen different washing steps along the way. | Courtesy of Myanmar Recycles.
A film recycling company in Myanmar is among the first to take part in a global plastic credit system, which could direct financing from corporations to help the recycling firm expand its capacity.
Shipping giant Maersk announced as of Sept. 1, 2020 it will no longer take scrap material shipments to China. | Mariusz Bugno/Shutterstock
Citing China’s upcoming legislation that will ban all “solid waste” imports, APM-Maersk this month announced it will stop shipping virtually all recovered materials to China and Hong Kong in the coming weeks.
Hapag-Lloyd announced that it will not accept “solid waste” cargo that would arrive in China after Sept. 1. | Solarisys/Shutterstock
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.
Shipping company MSC stopped accepting scrap cargo headed to China and Hong Kong as of June 1. | Fomin Roman/Shutterstock
A major shipping line will no longer accept recovered plastic and other scrap material shipments bound for Hong Kong, which remains a large market for U.S. exports.