One of the world’s largest packaging producers, Amcor, has signed a deal to buy huge amounts of chemically recycled resin from one of the world’s largest plastics producers, ExxonMobil.
Recent research found that the average Californian has to drive for 6.2 minutes to reach their nearest PE film recycling location, and that store drop-off programs collect over 8,700 tons of the material each year.
Recent years have seen a steady stream of announcements from chemical recycling operators touting technological breakthroughs. But two industry insiders recently issued a stern reminder to the market: Don’t forget about economics.
Greystone Logistics is installing shredding and pelletizing equipment so it can purchase more lower-cost scrap polyethylene, as opposed to recycled resin. And Unifi is opportunistically buying PET bottle bales while it works to pass feedstock cost increases on to buyers of its recycled polyester.