In the company’s annual report, ADS showed gross profit was over $800 million, up 16% from the previous year. | Leonid Sorokin/Shutterstock
Advanced Drainage Systems, now the largest plastics reclaimer in North America, increased its product sales by nearly 40% last year.
Prices for bales of post-consumer film have experienced notable increases this month, but PET, HDPE and PP container prices are relatively flat.
The state of New York will direct millions of dollars toward plastics recycling research at the University at Buffalo. | Credit: Meredith Forrest Kulwicki
New York state officials awarded the University at Buffalo $4.5 million to create a research center for improving plastic recycling.
Investor interest in waste reduction and recycling is rising steadily, according to an investment manager. | Sittipong Phokawattana/Shutterstock
As aspirations for a circular economy continue to gain traction, some financial index providers are urging investors to take notice of what they call an emerging opportunity.
The California Department of Resources Recycling and Recovery (CalRecycle) on April 14 released 2021 data on virgin and recycled plastic usage in beverage containers covered by the state’s deposit law. | Pazargic Liviu/Shutterstock
This story has been corrected.
Numbers for 2021 show some big beverage brands were ahead of the game when it comes to complying with California’s recycled-content law, including BlueTriton Brands, Coca-Cola Co. and PepsiCo. Others remained far short of the targets set by the state.
To meet California’s 15% PCR rate by 2022, U.S. reclaimers need an aggregate additional output of 800,000 tons of food-grade post-consumer PET and PE. | monticello/Shutterstock
A report from Independent Commodity Intelligence Services found that there’s not enough post-consumer resin in the U.S. market to meet California’s mandates, and there are more state mandates coming on-line soon.
All grades of commonly sorted curbside plastic experienced substantial price increases this month.
The national average price of post-consumer PET beverage bottles and jars moved up by 17% this month. The per-pound price is now averaging 39.22 cents, compared with 33.42 cents per pound this time last month. Some regions are trading as high as 49.00 cents per pound. PET was trading at 12.03 cents one year ago.
Natural high-density polyethylene (HDPE) from curbside collection programs is up 13%, now at an average 53.72 cents per pound. This compares with 47.47 cents last month. The price was 83.72 cents this time last year.
The national average price of color HDPE is up 12%, now trading at 28.94 cents per pound, compared with 25.75 cents last month. This grade averaged 31.94 cents one year ago.
Polypropylene (PP) is also selling for more money this month. The price is averaging 34.56 cents per pound, up 17% from last month’s average of 29.44 cents per pound. PP was 29.69 cents one year ago.
A couple of film grades are also experiencing rising values this month. The national average price of Grade A film is up 3%, at 21.13 cents per pound. This grade was trading at 15.63 cents one year ago.
Grade B film is now 7.44 cents, compared with 5.63 one year ago.
Grade C film is still averaging 0.81 cents per pound.
These prices are as reported on the Secondary Materials Pricing (SMP) Index. This pricing represents what is being paid for post-consumer recyclable materials in a sorted, baled format, picked up at most major recycling centers.
For a free trial to SMP’s Online Post-Consumer Pricing Index, visit the Recycling Markets website. You can also contact Christina Boulanger-Bosley at [email protected] or 330-956-8911.
In a session moderated by Roxanne Spiekerman (left), resin markets experts Marcelo Wasem (center) and Joel Morales (right) presented their analysis to attendees at the 2022 Plastics Recycling Conference. | Brian Adams Photo/Resource Recycling, Inc.
Post-consumer HDPE and PP prices have been hot lately, and they’re likely to stay that way given consistently strong demand and relatively slow supply increases, according to one market expert.
Greg Johnson, Evergreen’s general manager of resin and recycling, presents at the Plastics Recycling Conference last week. | Brian Adams Photography
When private equity fund The Sterling Group acquired Evergreen, staff at the PET reclaimer were nervous, Greg Johnson included.
According to a national pricing index, the value of scrap PET, color HDPE and PP bales all surged of late, with increases in the double-digit percentages.