Consumer packaged goods companies, retailers and packaging producers pledged to buy 5 million metric tons of recycled plastic by 2025, according to an Ellen MacArthur Foundation report.
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Consumer packaged goods companies, retailers and packaging producers pledged to buy 5 million metric tons of recycled plastic by 2025, according to an Ellen MacArthur Foundation report.
Worldwide retailer Walmart has announced a handful of new plastics recycling and waste reduction commitments.
Higher recovered PET prices pinched profits for recycled polyester fiber manufacturer Unifi last fall.
Plastics recycling was highlighted in multiple discussions and announcements at the World Economic Forum last week.
Resin and packaging giants last week committed $1 billion over the next five years to “end plastic waste.” While recycling and sustainability stakeholders say they are encouraged by the effort, they also want to ensure materials recovery remains part of the solution.
Companies from throughout the plastics value chain have committed more than $1 billion to reduce plastic waste by improving waste management systems and cleaning up existing pollution.
One of the world’s largest beverage companies will lend money to a Dutch startup that is commercializing a PET depolymerization technology.
A major brand owner says it will be using 25 percent recycled plastic in the packaging for all of its U.S. products in three years.
PET recycling startup Loop Industries has inked another deal with a global food and beverage brand.
Nestlé Waters North America has signed a pre-buy agreement with CarbonLite, deepening its already entwined relationship with the PET reclaimer.