Na Kyung-soo, CEO of SK Global Chemical, signs the strategic investment agreement with Loop Industries on June 23. | Courtesy of SK Global Chemical
Quebec-based Loop Industries is receiving a $56 million equity investment from plastics giant SK Global Chemical to help it grow its PET depolymerization business.
KDP used 2% post-consumer resin across its plastic packaging portfolio in 2020, up from 0.4% in 2019. | Pavel Kapysh / Shutterstock
A major brand owner has significantly increased its recycled plastic use in recent years. But the company still has a ways to go to hit its 2025 goal of 25% post-consumer resin use.
PET bottle labels can be problematic to the plastics recycling process, but three PET bottle label innovations recently received letters confirming their compatibility. | Ho Su A Bi / Shutterstock
The Association of Plastic Recyclers has recognized three shrink label innovations for their compatibility with PET recycling processes.
PolyQuest has invested more than $50 million in the Darlington facility since 2004. | Courtesy of PolyQuest
After expanding its processing capacity last year, PET processor PolyQuest is now adding buildings, rail spurs and other site improvements.
PolyQuest is adding a post-consumer PET processing line at its Darlington, S.C. recycling plant. | Photo courtesy PolyQuest
PolyQuest is adding 25 million pounds per year of processing capacity to its South Carolina pelletizing operation. Growth in customer RPET demand led to the investment. Continue Reading
Rendering of the planned “SuperPRF” courtesy of International Recycling Group.
International Recycling Group hopes to finish financing a $150 million plastics recovery facility by the end of the year, with the massive plant scheduled to come on-line in 2023.
PinnPack, which uses RPET to produce recycled-content thermoformed packaging, will be auctioned today (June 16). | Konektus Photo / Shutterstock
An auction will be held today to sell PinnPack, a thermoform packaging manufacturer owned by bankrupt company CarbonLite. Meanwhile, acquisitions of the company’s three PET recycling plants have been finalized.
Keep America Beautiful expects the new PET-focused ad to have a reach of 200 million impressions. | Kwangmoozaa/Shutterstock
Keep America Beautiful has launched a public service announcement encouraging consumers to recycle PET bottles.
Indorama Ventures Sustainable Solutions will install AMUT equipment at its Alabama RPET facility, including de-labeling equipment like the unit pictured above. | Courtesy of AMUT
Indorama Ventures Sustainable Solutions is spending significantly to more than double the size and flake-production capacity of its Alabama PET recycling plant, according to interviews and city documents.
CG Roxane’s San Bernardino, Calif. facility is capable of processing 35 million pounds of RPET annually. The new plant in Tennessee will have the same capacity. | Courtesy of CG Roxane
CG Roxane has broken ground on a recycled PET facility in Tennessee that’s slated to open within a year. The company says the new site will help it hit 50% RPET in its products nationally.