Timeline last updated: June 23, 2020
Timeline last updated: June 23, 2020
Shipping company MSC stopped accepting scrap cargo headed to China and Hong Kong as of June 1. | Fomin Roman/Shutterstock
A major shipping line will no longer accept recovered plastic and other scrap material shipments bound for Hong Kong, which remains a large market for U.S. exports.
Recycled material shipments out of the U.S. have been on the decline for multiple years due to overseas regulatory changes. | MAGNIFIER/Shutterstock
U.S. shipments of recycled plastic out of the country were down during the first quarter of 2020 compared with previous years, according to new export data.
Rolph Payet, executive secretary of the Basel, Rotterdam and Stockholm conventions, speaks at the Plastics Recycling Conference and Trade Show. | Plastics Recycling Conference/Brian Adams Photography
Scrap plastic exporters should closely monitor policy changes in the countries they sell to as the global community prepares to enact more aggressive shipment requirements, according to the top staff member for the Basel Convention.
Regulatory changes, and an overall sense of uncertainty, are playing into difficulty moving scrap materials abroad. | 28 November Studio/Shutterstock
Overseas markets for recovered plastic, including Malaysia and India, are experiencing disruption as governments enact widespread restrictions and close ports in response to the coronavirus pandemic.
The U.S. in 2019 shipped 9.7 million pounds of recovered PET to South Korea. | Mariusz Bugno/Shutterstock
A large market for U.S. scrap plastic is planning measures to reduce PET imports and increase domestic recycling.
The U.S. exported 1.46 billion pounds of scrap plastics in 2019, down 38% from the year before. | qingqing/Shutterstock
Scrap plastic exports from the U.S. continued a steady decrease that has unfolded over the past few years, dropping in 2019 to their lowest total volume since 2002.
The 2020 Plastics Recycling Conference is just over a week away, and to help you prepare, we’re offering insight from another industry leader set to take the stage.
Operators of materials recovery facilities are increasing their labor forces and installing additional sorting equipment in response to Chinese restrictions on scrap imports. As companies increase sortation efforts to create a higher-quality output, attention is also turning to the domestic plastics processing market.
