Last month, Loop Industries disclosed it was being sued by investors and that federal regulators had issued it a subpoena for documents. | Zolnierek/Shutterstock
Troubles are mounting for PET depolymerization startup Loop Industries. It has lost a key supply contract and also faces lawsuits and an investigation by regulators.
Walmart grew its recycled plastic use across product packaging lines from less than 0.5% in 2018 to 9% in 2019. | Chekyravaa/Shutterstock
Some of the largest packaged goods and retail firms increased their use of recycled plastic in 2019, but they have work to do to hit 2025 targets, according to an Ellen MacArthur Foundation update.
The pact members are aiming to launch a roadmap document publicly in April 2021. | chainarong06/Shutterstock
The director of the U.S. Plastics Pact says the effort is marked by two key components: focusing on a target-based national strategy to tackle plastic waste and employing rigorous accountability through reporting to the public.
Global brand owner Unilever is now using about 75,000 metric tons of post-consumer plastic in its packaging each year. | Konektus Photo/Shutterstock
Global companies such as Keurig Dr Pepper, Dow and Mars recently announced their intentions to bolster the use of PCR. The following is a roundup of several notable news items:
PepsiCo’s Naked juice brand is one the company is moving toward 100% RPET packaging. | Sheila Fitzgerald/Shutterstock
PepsiCo spent about $200 million of its “Green Bond” to purchase recycled PET plastic over the past few years, according to the company.
Virgin plastics producer SABIC will supply recycled resin derived from post-consumer mixed plastics for beauty products packaging. | Casimiro PT/Shutterstock
Three virgin plastics companies recently announced developments in the area of chemical recycling. The following are summaries of the news from Chevron Phillips Chemical, SABIC and BASF.
Arkansas Gov. Asa Hutchinson (left) with Sean Whiteley, Revolution’s CEO, at an event announcing the film processor’s expansion. | Lyndsay D. Photography
Revolution, a polyethylene reclaimer and recycled-plastic products manufacturer, is investing in its Arkansas site to boost its ability to produce recycled-content films.
The Recycling Partnership recently released “Accelerating Recycling,” a policy document outlining a proposal that includes fees paid by brands and packaging producers. | photka/Shutterstock
Two major industry groups are promoting packaging fees on product makers to support recycling infrastructure development, a shift one recycling facility operator described as a “historical moment.”
Major global food and beverage company Nestlé announced a $30 million investment in the Closed Loop Leadership Fund. | JHVEPhoto/Shutterstock
After announcing a plan early this year to buy a massive volume of recycled resin in the coming years, Nestlé has begun investing in the U.S. to support that goal.
Bottled water companies that use recycled plastic have recently made new investments and design choices. | iamshutter/Shutterstock
The company behind Crystal Geyser brand water opened a recycled PET plant in Southern California, and Nestlé Waters North America now averages 16.5% RPET in its U.S. containers. The following are details on recent water bottle announcements.