A leading shipping line executive says recovered materials exporters can expect to see a different global freight environment in the next year. This will substantially affect the current recycling marketplace.
Following the recent shuttering of nearly 200 container redemption centers in California, the state says it is exploring ways to prevent further closures as it grapples with its own funding questions.
California has under-subsidized its container redemption centers to the tune of $43 million in recent years, leading a significant number of them to close, according to the Container Recycling Institute.
As recycled resin markets struggle, San Francisco leaders have called for a statewide bill mandating at least 25 percent recycled content in all single-use plastic beverage containers.
Composite lumber manufacturer Trex is reducing the amount of recycled polyethylene it buys and sells, even while the company continues to post record profits.
Over the past two years, Coca-Cola has boosted its recycled PET production capabilities by 20 percent, opening facilities and recycling lines in nine different countries. It now uses recycled PET in 24 countries.