North Carolina-based Plastic Revolutions is expanding to separate certain resins from mixed plastic bales, a response to growing supply as China’s import policies take hold.
The U.S. has become a focus of investment for a small yet growing portion of the Chinese scrap processing industry. Backers of two in-development operations note they are looking for regulatory stability and a strong supply of recyclables.
LyondellBasell, one of biggest plastic and chemical companies on the planet, has stepped into the plastics recycling sector for the first time. A high-level executive recently explained what drove the decision.
China’s top environmental official has quantified the reduction in scrap materials flowing into the country as a result of recent restrictions. He also spoke publicly about the market fallout and the criticism China has received for enacting its reforms.