Brands across the globe are announcing goals to use high levels of recycled plastic. But the companies that actually deliver PCR to the market are predicting a major hurdle: supply shortfalls.
Brands across the globe are announcing goals to use high levels of recycled plastic. But the companies that actually deliver PCR to the market are predicting a major hurdle: supply shortfalls.
Coca-Cola will invest more than $19 million in a PET recycling facility in the Philippines, marking the company’s first plastics recycling operation in Southeast Asia.
Far Eastern New Century this week bought Phoenix Technologies, marking the latest instance of a large plastics manufacturer deepening its stake in U.S. recycling.
Nestlé Waters North America is betting that it can connect with consumers over the long term by using high levels of recovered material.
Earlier this year, global plastics producer Indorama Ventures acquired reclaimer Custom Polymers PET. Financial filings show the deal was worth $30 million.
A European panel approved the use of two technologies to recycle post-consumer PET into food and drink packaging, but it rejected a third application, citing inadequate decontamination testing.
A labels provider is selling a pressure-sensitive option that cleanly separates and floats during the PET recycling process. Meanwhile, a chemical company unveiled two recycling-friendly shrink sleeve label products.
Loop Industries has struck a deal for a $35 million investment, which will help fund a recycling plant to produce tens of millions of pounds of RPET each year.
The CarbonLite facility in Riverside, Calif.
PET reclaimer CarbonLite launched a resin product made from ocean-diverted plastic, and the company released details on its third PET recycling facility.
Five plastics recycling projects will take in a total of $11.7 million in California state grants. The awarded companies are targeting scrap plastic from a variety of sources.