Calhoun, Ga.-based Mohawk Industries attributes weak demand for carpet to interest rate increases, high inflation and reduced consumer confidence in the U.S. and Europe. | Casimiro PT/Shutterstock
Flooring market conditions have worsened faster than Mohawk Industries expected, leading to longer-than-anticipated idling of its carpet factories, the company announced. Continue Reading
The leader of the nation’s largest recycling collector says the firm is continuing to push to strengthen its recycling business even as the industry shifts.
Compared with recent months, December has brought stable prices across the range of scrap plastics, with PET and natural HDPE bale prices rising only slightly.
Michael Zamora, senior vice president of Product Solutions at ExxonMobil, and Ron Delia, CEO at Amcor, signed the agreement, through which ExxonMobil will sell increasing amounts of recycled resin each year to Amcor. | Courtesy of Amcor
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.
The U.S. exported about 737 million pounds of scrap plastic over the course of the first three quarters of 2022. | Sheila Fitzgerald/Shutterstock
U.S. companies exported about 22% less scrap plastic during the first nine months of this year, continuing a trend of decreased overseas shipments.
The partnership between the two companies will help LyondellBasell work toward its goal of marketing 2 million metric tons of recycled and renewable-based polymers annually by 2030. | Courtesy of LyondellBasell
LyondellBasell will buy food-grade post-consumer natural HDPE from Envision Plastics and incorporate that PCR into various blends for sale to packaging producers.
KC Recycling is heavily involved in recycling lead batteries, which are roughly 4-5% polypropylene by weight. | Courtesy of KC Recycling
A British Columbia recycling company has struck a supply deal allowing true closed-loop recycling of polypropylene from lead batteries.
The aims of the study were to document consumer access to recycling for LDPE film and flexible packaging within California, including store and municipal drop-off and MRF collection, and determine film quantity and quality. | artgray/Shutterstock
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.
Scrap natural and color HDPE prices have increased by 32% and 40% over the past month, continuing a recent rebounding in plastic bale prices.
Reclaimers are paying more for bales of post-consumer PET and HDPE this month, but the price of PP scrap has plummeted since September.