About 300 sample bottles were produced from material collected on beach cleanups and from the Mediterranean Sea. | Courtesy of Coca-Cola
The Coca-Cola Co. released a container made partially from ocean plastic, making it the latest company to pursue a food-contact application for the low-grade material.
CarbonLite and Verdeco implied there was friction between the companies and the trade group around recent California legislation. | Looka/Shutterstock
PET-focused CarbonLite Industries and Verdeco Recycling recently exited the Association of Plastic Recyclers (APR), saying the group has “not embraced fundamental changes in our industry.”
The price of PET took a dive over the past month, but the value of natural HDPE climbed substantially. Continue Reading
Pepsico has a 25% recycled content goal for the company’s plastic packaging. | LuqmanLutfi Photography/Shutterstock
It’s clear the current recycling system can’t deliver sufficient resin for brand owners to hit their increasingly ambitious recycled-content goals. A PepsiCo executive recently discussed that supply gap.
A number of companies received approval to use their recycling technology to produce recycled plastic for use in food and drink packaging.| Somsak21/Shutterstock
A company was given the go-ahead to recycle post-consumer PET into multi-layer reheatable food trays. Meanwhile, a global packaging company was OK’d to recycle LDPE films into reusable bags.
Indorama Ventures plans to make significant investments in its recycled PET production capabilities. | Kwangmoozaa/Shutterstock
Citing the need to meet rising demand in the near future, plastics producer Indorama is investing $1 billion in its recycling division.
Unifi identified a number of factors that accounted for lower profits last fiscal year. | Recycle Man/Shutterstock
A major U.S. consumer of RPET enjoyed higher sales figures but suffered significantly lower net income last fiscal year. One reason was cheap polyester imports from China and India.
Sonoco has pledged to boost the post-consumer content in its plastics packaging to 25% by 2025. | Janthiwa Sutthiboriban/Shutterstock
A packaging giant has notched upward the amount of RPET it uses in its food containers.
PET and HDPE bales are fetching lower prices than they were a month ago, but PP and high-grade film have shown stability.
A market analyst projects that PET collection rates in the U.S. would need to double to provide enough supply for consumer goods companies to meet their goals. | Myibean/Shutterstock
Market analysts say PET collection rates are insufficient to reach the amount of material brand owners will need to hit their recycled-content objectives.