During the past year, the national average price of post-consumer PET beverage bottles and jars rose steadily by 68 percent, from 8.6 cents per pound in March 2016 to the current 14.5 cents per pound.
During the past year, the national average price of post-consumer PET beverage bottles and jars rose steadily by 68 percent, from 8.6 cents per pound in March 2016 to the current 14.5 cents per pound.
Over the past month, recovered PET and film values have fallen, but HDPE grades have seen slight increases.
German and Paraguayan companies got the go-ahead to recycle PET into food packaging, and KW Plastics received a similar thumbs up for HDPE.
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According to one product manufacturer’s analysis, HDPE can be shredded, melted and molded into products 10 times before its quality is compromised.
Scrap plastic exported out of the U.S. is moving to Southeast Asia, where reclaimers are dramatically increasing purchases as China closes its doors to recovered materials. New figures illustrate that shift.
The value of recovered HDPE and PET packaging is flat as the new year begins.
Data from the sale of recyclable plastic bottles in early December suggest the value of recovered packaging will end the year in a slightly weak position.
A plastics recycling giant in Alabama will likely be significantly increasing its output of recycled natural HDPE after receiving a letter of no objection (LNO) from the U.S. Food and Drug Administration.
