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.
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.
How2Recycle Staff emphasize that knowing what not to recycle is just as important as knowing what to recycle. | Dan Leif/Resource Recycling, Inc.
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.
CarbonLite’s upcoming Florida facility will source 100 million or more pounds of post-consumer PET from the surrounding region. | Nixx Photography/Shutterstock
A PET bottle reclaimer will construct an $80 million plant in Florida. The project is in its early stages.
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.
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.
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.
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.
Biffa’s new facility is capable of recycling 57,000 metric tons of PET annually. | Courtesy of Biffa.
A plant capable of recycling nearly 126 million pounds of PET bottles per year is coming on-line today from Biffa in the United Kingdom.
Continue Reading