Global oil and gas company BP will spend $25 million on an Illinois facility that will depolymerize hard-to-recycle PET scrap. Continue Reading
Global oil and gas company BP will spend $25 million on an Illinois facility that will depolymerize hard-to-recycle PET scrap. Continue Reading
PET collection is lagging behind recycled resin demand by more than 1 billion pounds per year, according to a study, and investment of $500 million is needed to improve the situation.
The price of PET took a dive over the past month, but the value of natural HDPE climbed substantially. Continue Reading
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 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.
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.
Citing the need to meet rising demand in the near future, plastics producer Indorama is investing $1 billion in its recycling division.
PET and HDPE bales are fetching lower prices than they were a month ago, but PP and high-grade film have shown stability.
A packaging giant has notched upward the amount of RPET it uses in its food containers.
Three different chemistry-based processes for recovering plastics have recently grabbed attention, illustrating the wide range of stakeholders working to find solutions beyond mechanical recycling.