About 300 sample bottles were produced from material collected on beach cleanups and from the Mediterranean Sea. | Courtesy of Coca-Cola
The Coca-Cola Co. released a container made partially from ocean plastic, making it the latest company to pursue a food-contact application for the low-grade material.
The Spartanburg, S.C. depolymerization unit is expected to be up and running by the end of 2020. | Scisetti Alfio
This story has been corrected.
Seeing strong demand, Loop Industries and Indorama Ventures have decided to roughly double the capacity of their first PET depolymerization unit.
BP will build a pilot plant that will use the company’s chemical recycling technology for PET. | Jevanto Productions/Shutterstock
Global oil and gas company BP will spend $25 million on an Illinois facility that will depolymerize hard-to-recycle PET scrap. Continue Reading
The Recycling Partnership has identified three key initiatives to improve the current recycling system.
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
Pepsico has a 25% recycled content goal for the company’s plastic packaging. | LuqmanLutfi Photography/Shutterstock
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 number of companies received approval to use their recycling technology to produce recycled plastic for use in food and drink packaging.| Somsak21/Shutterstock
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.
Unifi identified a number of factors that accounted for lower profits last fiscal year. | Recycle Man/Shutterstock
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.
Indorama Ventures plans to make significant investments in its recycled PET production capabilities. | Kwangmoozaa/Shutterstock
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.