Indorama has stated it will invest more than $1 billion in recycling over the next five years. | RecycleMan/Shutterstock
Indorama Ventures, the world’s biggest prime PET producer, has acquired another U.S. plastics recycling company, this time on the West Coast.
Post-consumer plastic makes up about 0.5% of Indorama’s resin offerings. | Joyce Blessthink/Shutterstock
Virgin resin producers Borealis and Indorama have made ambitious recycled plastic commitments, but post-consumer plastic still makes up a tiny fraction of what they sell.
Three U.S. manufacturers that use large amounts of recovered PET, PE film and HDPE recently reported their quarterly financial results. | Freedomz/Shutterstock
Unifi, Trex and Greystone Logistics, U.S. manufacturers that use large amounts of recycled plastic, recently released their quarterly results. Unifi and Trex reported income growth. Continue Reading
Waste Management, which collected and sold nearly 700 million pounds of scrap plastics last year, experience a 27% year-over-year drop in third-quarter recycling revenues. | rblfmr/Shutterstock
Depressed commodity markets continue to slash recycling revenues for the companies that collect, sort and sell curbside plastics. Continue Reading
The price of recovered natural HDPE bales has climbed again, in some areas breaking recent records. Continue Reading
Green Impact Plastics will build a PET thermoform processing facility in California after reclaimer rPlanet Earth agreed to buy its output. | Courtesy of Green Impact Plastics
A Mexican company that developed a system to process post-consumer PET thermoforms will open a $7 million plant in the Los Angeles area. It’s now on the hunt for thermoform bales. Continue Reading
Scrap plastic exports fell to their lowest level in recent history, but domestic markets continue to be hungry for recycled resin, particularly natural HDPE. | BEST BACKGROUNDS/Shutterstock
Overseas appetite for post-consumer scrap plastic dwindled in the third quarter. But on the domestic side, the value of recovered natural HDPE has skyrocketed and RPET demand remains strong. Continue Reading
U.S. electronics recycling companies and brokers say they’re currently able to move e-plastics. | Alexey Lesik/Shutterstock
Asia remains the destination for many plastics recovered from electronics. But as buyers relocate from China to other countries, prices are down and quality and volume are increasingly critical factors.
The price of natural HDPE has skyrocketed over the past month, roughly doubling in some areas to a high of 52 cents per pound. Color HDPE also took a notable jump.
A report identified 53 firms in the Northeast that take in post-consumer plastics. | Huguette Roe/Shutterstock
Two industry organizations have developed a directory of manufacturers that consume recycled plastic in one region of the U.S.