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Tag Archives: brand owners

End users react to turbulent recycled plastic prices

Published: August 24, 2022
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Stacked bales of PET for recycling.

Recovered plastic end users Unifi and Greystone Logistics reported on increased profits recently. | Warut Chinsai/Shutterstock

Greystone Logistics is installing shredding and pelletizing equipment so it can purchase more lower-cost scrap polyethylene, as opposed to recycled resin. And Unifi is opportunistically buying PET bottle bales while it works to pass feedstock cost increases on to buyers of its recycled polyester.

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Novolex purchased more PCR in 2021, but majority remains virgin

Published: August 2, 2022
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Stacked rolls of plastic bags.

Novolex reported an increase in weight of post-consumer recycled plastic used in the company’s products for 2021, though the number did not rise as a percentage of total resin used. | a_v_d/Shutterstock

Bag manufacturer Novolex increased the amount of PCR it bought in 2021, but PCR remained just 4% of overall plastic feedstock purchased.

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Coca-Cola to eliminate green PET in North America

Published: August 2, 2022
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Sprite bottles in store.

North American consumers will no longer see Sprite in green PET bottles as The Coca-Cola Co. works to increase bottle-to-bottle recycling. | Adnan Zain Kautsar/Shutterstock

To make recycling its bottles easier, Coca-Cola announced it will switch all of its green PET to clear PET in coming months.

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Construction of Indorama PET plant resumes

Published: July 19, 2022
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Polyethylene pellet.

The upcoming Indorama facility will have an annual capacity of 1.1 million tons of PET and 1.3 million tons of PTA. | StanislauV/shutterstock

After a delay of several years, construction of a vertically integrated PET plant in Texas with an annual capacity of several million tons is slated to start up again in August.

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Keurig Dr Pepper achieves 11% PCR use

Published: June 29, 2022
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Keurig Dr Pepper logo on company building.

Keurig Dr Pepper’s recent sustainability report noted progress toward the company’s goal of 25% PCR use by 2025. | Jonathan Weiss/Shutterstock

One of North America’s largest beverage brand owners greatly increased its use of recycled resins last year, mainly by rolling out 100% RPET bottles for specific brands.

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Corporate giants face internal pressure on plastic

Published: May 25, 2022
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Phillips66 plant seen from above.

Phillips 66 shareholders voted to support a resolution asking the energy company to detail its market risks of continuing to invest in virgin plastics. | Courtesy of Phillips 66

This story has been updated.

A slight majority of shareholders at Chevron Phillips’ parent company recently voted to support a resolution on shifting toward more recycled plastic use, while 37.4% of ExxonMobil shareholders voted in favor of a similar resolution. Amazon shareholders vote on a similar resolution this week.

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