Timeline final update: March 22, 2022
Timeline final update: March 22, 2022
Oil price movements could put upward price pressure on virgin resin prices, improving the marketability of recycled resins. | ded pixto/Shutterstock
Oil prices are hitting a seven-year high, following tension around the latest COVID-19 variant and Russian pressure on Ukraine.
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.
U.S. exporters shipped out 773 million pounds of scrap plastic in the first half of 2019. | aapsky/Shutterstock
Federal trade statistics released last week show U.S. export volumes for the first six months of 2019. Recycled plastics have seen a major drop when compared with figures from a year ago.