Revolution Sustainable Solutions said its latest acquisition represented a focus on food-grade packaging. | Courtesy of Revolution Sustainable Solutions
Plastics recycling and manufacturing company Revolution Sustainable Solutions continued its streak of 2024 acquisitions with the purchase of the Michigan-based Island Plastics, which Revolution said would boost capabilities in clear, food-grade resin. Continue Reading
With the acquisition, Pactiv Evergreen will become privately held, and the combined company will have operations throughout North America. | Retan/Shutterstock
In the latest industry consolidation news, packaging producer Novolex will acquire Pactiv Evergreen for $6.7 billion, with the deal expected to close in mid-2025. Continue Reading
The CEO of Trex said the composite lumber company will supplant external resin purchases with pellets from its new Arkansas facility. | Photo Courtesy of Trex
Although the new Trex composite lumber plant in Arkansas will not start production until 2027, the company’s recycling facility will begin processing post-consumer plastic film in early 2025, the CEO said during a quarterly earnings call. Continue Reading
The two identical state bills are on the desk of the governor, who just last week announced investment in 250 recycling sites across the state. | Susanne Pommer/Shutterstock
Despite advocacy from plastic film companies, California lawmakers passed two bills that ban reusable plastic bags in the state, drawing scathing reactions from the industry. Continue Reading
With more capacity coming online, EFS-Plastics will be able to handle more B-grade LDPE film bales and potentially transition to contractual supply arrangements. | Vikentiy Elizarov/Shutterstock
As EFS-Plastics nears completion on its third LDPE film processing line in Pennsylvania, the company is changing the way it approaches film bales, a company executive said in an interview. Continue Reading
The acquisition is the second in 2024 for Arkansas-based Revolution, with the CEO signaling in January that more would follow. | Joyce Blessthink/Shutterstock
Revolution Sustainable Solutions acquired Norflex, a Wisconsin-based producer of agricultural and industrial films, the companies announced July 9. Continue Reading
Trex’s PE usage fell from 421 million pounds in 2021 to 409 million pounds in 2022, then to 328 million pounds in 2023. | HappyStockPhoto/Shutterstock
Composite decking company Trex used about 328 million pounds of recycled PE in its decking in 2023, a dip from years past. Continue Reading
Houston-based film recycler Circulus is set to be acquired by Dow. | Courtesy of Circulus
Dow plans to acquire mechanical recycler Circulus for an undisclosed amount, bringing a total capacity of about 55,000 short tons per year of processing volume under Dow’s umbrella. 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
The U.S. FDA issued a favorable opinion to a second Circulus facility to produce food-contact LDPE. | Vikentiy Elizarov/Shutterstock
Fast-growing film reclaimer Circulus has received the U.S. FDA’s go-ahead to produce food-contact LDPE at a second facility, expanding the company’s ability to supply the flexible food packaging market. Continue Reading