Equipment in CarbonLite’s Dallas PET recycling facility. Indorama Ventures submitted the high bid to acquire the plant during an auction this week.
As part of a bankruptcy case, DAK Americas, Indorama Ventures and The Sterling Group have submitted the high bids to acquire CarbonLite’s PET recycling facilities.
The CarbonLite facility in Reading, Pa. is scheduled to be sold at auction this month. | CarbonLite
The largest CarbonLite PET recycling facility will be auctioned as part of the company’s ongoing bankruptcy proceedings. Virgin resin producer DAK Americas submitted a bid to purchase the Reading, Pa. plant for $96 million.
Money laundering and securities fraud have landed two former plastics recycling executives in federal prison. | Zolnierek/Shutterstock
Two former executives at Lucent Polymers have been sentenced to years in federal prison, after they pleaded guilty to securities fraud and money laundering charges.
Authorities allege Plastic World Recycling violated several environmental regulations by dumping chemical and cleaning products into a storm drain. | AVN Photo Lab/Shutterstock
A Pennsylvania plastics recycling company has been accused of dumping pollutants into a waterway near its facility.
Photo via Wood County, WV E911.
Fire crews have extinguished a blaze at a recycled plastics facility in West Virginia that burned for more than a week, shutting down businesses, government offices and schools.
CalRecycle alleges 81 out of CVS Pharmacy’s 848 California stores have not complied with state law. | Simone Hogan/Shutterstock
California regulators say retailer CVS hasn’t complied with bottle and can redemption requirements, and they’re seeking to force the company to fork over nearly $3.7 million.
A trucking company connected to KW Plastics will pay more than $3 million in a settlement with the federal government. The case stems from improper transport of hazardous material to a KW recycling facility in California.
Optical sorting technology is at the center of a patent infringement lawsuit between equipment suppliers Green Machine and Machinex.
A Quebec reclaimer has closed and its processing equipment will be sold at auction to pay creditors.
PET reclaimer Loop Industries has settled a longstanding lawsuit concerning the company’s stock. Meanwhile, the business recently sold millions of dollars worth of stock to an unnamed institutional investor.