Matium both connects buyers and sellers and makes data reporting easier for users of the digital platform. | Ann-Moore/Shutterstock
Matium last month began the commercial launch of a platform that digitizes many aspects of the plastics recycling trading business. The company also received a recent funding boost from an economic development agency in Colorado.
Emily Friedman, a recycled plastics senior editor at ICIS, expects steady growth in U.S. mechanical recycling capacity despite a slowdown on the announcement of greenfield facilities. | Zombiemaster/Shutterstock
After attending NPE 2024, ICIS’s Emily Friedman walked away thinking that producers of durables are showing interest in recycled resins, the plastics industry needs to add its voice to policy discussions, and there’s growth on the horizon for both mechanical and chemical recycling capacity. Continue Reading
Shannon Gordon, the chief operating officer of Circular.Co., speaks about the growing trend of digital commodity trading at the 2024 Plastics Recycling Conference. | Big Wave Productions/Plastics Recycling Update
Online buying, selling and trading is the future of recycled commodity sales – but we’re not in the future quite yet, digital platform providers said at the 2024 Plastics Recycling Conference in March. Continue Reading
Emily Friedman of ICIS described several trends driving recycled resin markets in the U.S., during the 2024 Plastics Recycling Conference in Grapevine, Texas. | Big Wave Productions/Plastics Recycling Update
A long runup in recycled natural HDPE prices came to an end last summer, when prices plummeted to levels not seen since 2019. A market analyst with ICIS recently explained how this has become a trend in the plastics recycling market – and how the cycle is beginning again. Continue Reading
Five big North American haulers recently reported their first quarter earnings. | Janossy Gergely/Shutterstock
Publicly traded recycling collectors saw bale prices rise in the first quarter, contributing to higher revenues and a positive outlook for the year ahead.
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Azek uses an average of 85% recycled content in its TimberTech Composite Decking. | Photo courtesy Azek
Recycled plastic end user Azek reported higher sales of its residential products in the 2023 fiscal year, a category that includes decking and trim made from recycled PE and PVC. The company also reported increasing its use of recycled plastic throughout 2023. Continue Reading
Unifi, Advanced Drainage Systems, Trex and Greystone Logistics all recently released details on their finances. | Thapana Studio/Shutterstock
PET recycling company Unifi continues to enjoy higher sales of its flake and chip, even as recycled polyester fiber sales remain in the dumps. That was one takeaway in recent earnings releases from Unifi, Advanced Drainage Systems, Trex and Greystone Logistics. Continue Reading
The technology behind Terraloy earned Teknor Apex the Bioproduct Innovation of the Year Award in 2015. | Teknor Apex
In response to increasing market demand, Teknor Apex is relaunching Terraloy, a previously discontinued line of recycled, bio-derived and biodegradable compounds. Continue Reading
After hitting some of their lowest prices in years, scrap PET and HDPE bale values have increased this month. Continue Reading
Although depressed plastics prices have caused some companies to revise their earnings projections, many in the sector are optimistic about an upcoming rebound. | Golden Dayz/Shutterstock
This story has been updated.
Recycled plastics prices are at their lowest levels in some time, putting significant strain on material processors. Meanwhile, some resin buyers are abandoning PCR to purchase virgin plastic instead. Continue Reading