The combination of the two packaging giants aims to strengthen positioning in high-growth, high-value categories. | 360b/Shutterstock
Switzerland-headquartered packaging giant Amcor will acquire Indiana-based Berry Global in an $8.4 billion all-stock deal that’s expected to close in mid-2025, the companies announced Nov. 19, marking a continuing trend of consolidation in the packaging industry.
Advanced Drainage Systems expects to spend $250 million to $301 million on capital expenditures this year. | Courtesy of ADS
Several plastics reclaimers and recycled resin end users recently shared details about their operations in earnings calls. From capital project spending at ADS to chemical recycling expansions at LyondellBasell, here’s a roundup of recycling operations news.
Panelists discuss how collaboration can benefit all parties during the session “The New Era of Collaboration” at the 2024 Plastics Recycling Conference in Grapevine, Texas. | Big Wave Productions/Resource Recycling
Collaboration between all parts of the plastic value chain is necessary to advance sustainability goals, and four companies at the 2024 Plastics Recycling Conference showed how they’re embodying that idea. Continue Reading
The 162,000-square-foot Blue Polymers facility will process PE and PP in Buckeye, Arizona after it becomes operational in late 2025. | Mr_Mrs_Marcha/Shutterstock
The second Blue Polymers recycled resin facility will be sited in Buckeye, Arizona, and is slated to open in late 2025. Continue Reading
From left: Dan Leif, Holli Alexander and Candace Rutherford. | Big Wave Productions/Plastics Recycling Update
This story has been corrected.
Chemical recyclers are forging partnerships, eyeing underutilized material streams and getting creative to secure enough supply to feed their ambitious plans, according to leaders in the sector. Continue Reading
LyondellBasell produced and marketed 123,000 metric tons of recycled and renewable-based polymers in 2023. Its goal is to produce and market 2 million metric tons by 2023. | JHVEPhoto/Shutterstock
LyondellBasell worked to expand its line of recycled polymers and reduced the amount of plastic pellets lost into the environment slightly in 2023, its latest sustainability report noted. Continue Reading
Pinnpack, formerly owned by CarbonLite, will significantly increase its processing capacity with help from the loan. | Millenius/Shutterstock
The state of California provided a $3.5 million loan to an RPET thermoform manufacturer to help it triple its production capacity and decrease employee headcount, according to state records. Continue Reading
On top of its significant PCR use in 2023, ADS also broke ground on its Energy and Technology Center. | ADS
Advanced Drainage Systems continues to be a heavyweight in the recycled plastic arena, buying 540 million pounds of recycled material in 2023 and consuming a quarter of the pigmented HDPE bottles recovered in the United States. Continue Reading
TC Transcontinental Packaging expects to complete its flexible packaging development project at some time in 2024. | TC Transcontinental Packaging
Packaging producer TC Transcontinental Packaging will invest $60 million to develop a recyclable all-PE flexible plastic package with greater heat resistance. Continue Reading
Greystone Logistics processes about 60 million pounds per year of recovered material into new pallets. | Courtesy of Greystone Logistics
Lower recovered HDPE prices have helped increase the profitability of a recycled plastic pallet manufacturer. Continue Reading