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Tag Archives: PET

Investment enables growth for PET-focused Reterra

Published: March 4, 2020
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The Closed Loop Partners investment will finance Reterra’s move into its recently acquired facility and will help fund equipment purchases. | Natee Meepian/Shutterstock

Closed Loop Partners will invest $2 million in a Houston chemical recycling company that processes PET residue generated by mechanical recycling operations.

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The details on three disruptive developments in virgin market

Published: March 25, 2020
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Exterior of the OPEC building in Austria.

An ongoing battle between OPEC and Russia is flooding the market with cheap barrels of oil, threatening downward pressure on virgin plastics prices. | Rebekah Zemansky/Shutterstock

Construction has been delayed on two large U.S. prime plastics plants – one because of high costs and the other due to coronavirus. At the same time, an oil price war put downward pressure on virgin plastic prices.

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FDA issues letters for HDPE and PET recycling

Published: March 2, 2020
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Close up of an empty plastic milk jug.

The FDA recently approved a recycling process that allows post-consumer HDPE at up to 100% in new products including milk and juice bottles. | Val Lawless/Shutterstock

Erema Group got the go-ahead to use its technology to recycle HDPE into food and drink packaging and foodservice wares. Meanwhile, other companies got federal green lights for PET recycling.

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Indorama provides details on purchase of PET recycling firm

Published: February 26, 2020
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Indorama said the acquisition of Green Fiber International extends the company’s recycled flake supply chain to the West Coast. | fizkes/Shutterstock

Global PET producer Indorama Ventures paid nearly $25 million for California PET reclaimer Green Fiber International, new financial disclosures show.

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Recycled-content bill advances in one state legislature

Published: February 18, 2020
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Legislation in Washington would require beverage manufacturers’ containers to have an average of 10% recycled content starting in 2022. | Yokolev Sergey/Shutterstock

A bill that has cleared the Washington state House of Representatives would mandate minimum levels of recycled plastic in beverage bottles.

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Plastic recycling grabs focus on Swedish Coke bottles

Published: February 12, 2020
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Coca-Cola Sweden says that about 205 million bottles per year are made from 100% recycled plastic and will carry the recycling labels. | Coca-Cola Sweden.

A Coca-Cola bottling firm is rolling out labels on certain PET bottles sold in Sweden that downplay the brand name in favor of prominent recycling messaging.

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Key curbside plastics no longer ‘widely’ recyclable

Published: February 5, 2020
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How2Recycle announced that all PP tubs, trays, bottles and cups will now be labeled with the organization’s “check locally” label. | Josep Curto/Shutterstock

Changes in U.S. recycling programs led the How2Recycle labeling initiative to downgrade recyclability classifications for non-bottle rigid PET containers and certain PP products, potentially impacting recovery of those materials.

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