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Tag Archives: Asia

Ocean Conservancy withdraws 2015 ocean plastics report

Published: July 19, 2022
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Marine debris-Molishka-Shutterstock

The Ocean Conservancy has withdrawn its support for incineration as a way to combat plastic pollution. | Molishka/Shutterstock

A top environmental watchdog has rescinded its influential 2015 report, which pointed the finger at Asia for ocean-bound plastic generation and included incineration and waste-to-energy as solutions to pollution.

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Global tensions drive high oil prices

Published: January 26, 2022
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Oil pumps at sunset in Russia.

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.

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Details on Circulate Capital’s Indian plastics investments

Published: December 23, 2020
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Workers at the Dalmia Polypro Industries facility.

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.

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US and Canada approve pact as Basel restrictions near

Published: December 2, 2020
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Canada and U.S. flags fly against a blue sky.

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.

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COVID-19 and China drive global market changes

Published: October 21, 2020
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Stacked cargo containers on a ship.

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.

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China ban spurs rise in plastic waste ‘criminal trends’

Published: September 10, 2020
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Plastic waste pile

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.

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Shipping shakeup continues as China’s extended ban nears

Published: August 26, 2020
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Cargo ship on the water.

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.

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