Three major recycled plastic consumers recently reported their business performance during the first few months of 2020. They touched on COVID-19, recycled material costs and their outlook for the future.
This article has been updated.
A car seat recycling deal with a major retailer helped boost TerraCycle’s recovered commodity sales by over $3.5 million last year, according to a financial report.
The coronavirus pandemic has piled on top of existing plastics recycling market strife to cause pricing fluctuations and create uncertainty about how end users will meet their sustainability commitments.
More Recycling and the American Chemistry Council (ACC) this month announced the Recycling Market Development Platform, a website offering information on recycling and material use to stakeholders throughout the recycling value chain.
Overseas markets for recovered plastic, including Malaysia and India, are experiencing disruption as governments enact widespread restrictions and close ports in response to the coronavirus pandemic.