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Tag Archives: PP

Investors buy PureCycle and move to take it public

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Signing business documents.

The firms that are acquiring PureCycle announced a goal of having 30 commercial lines operational by 2030 and 50 by 2035. | fizkes/Shutterstock

PP recycling startup PureCycle Technologies will be purchased by investment firms that will list the company publicly. They plan major expansions, including a second U.S. location that will process more than 800 million pounds annually.

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CarbonLite starts pelletizing material from caps and labels

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CarbonLite's Reading, Pa. facility exterior at night.

CarbonLite’s 270,000-square-foot Reading, Pa. facility will eventually have the annual capacity to process 140 million pounds of post-consumer PET. | Courtesy of CarbonLite.

A major PET reclaimer has entered the polyolefins recycling business. The company also recently began production at a large facility in Pennsylvania.

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KW invests in processing equipment amid pandemic

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KW’s recycled PP paint can manufacturing operation, KW Container, has experienced increased sales during the pandemic. | Photo courtesy of KW

Supply and demand realities for key curbside plastics are evolving fast during the coronavirus pandemic, and they’ve led one major plastics recycling company to adjust operationally. Continue Reading

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WM offers a snapshot of today’s reclaimer market

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Baled plastics for recycling.

Waste Management issued its September 2020 “Report on Recycling” to identify gaps in U.S. plastics recycling infrastructure, among other goals. | Natallia Boroda/Shutterstock

A recent report from the nation’s largest waste and recycling hauler reviews the current state of reclamation capacity for PET, HDPE and PP in the U.S.

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PP purification company draws more investors

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Business meeting with documents on a table.

PureCycle submitted a July 14 filing with the U.S. Securities and Exchange Commission (SEC) indicating investors had purchased $1.45 million in equity securities in the company. | Freedomz/Shutterstock

PP recycling startup PureCycle Technologies recently raised $1.45 million in investments, financial filings show. Meanwhile, an acquisition-focused company continues to eye PureCycle.

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Coalition to fund equipment enabling PP sortation

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Sign for collection of #5 PP plastics for recycling.

According to The Recycling Partnership, single-family households in the U.S. may be generating as much as 1.6 billion pounds of recyclable PP scrap each year. | Sodel Vladyslav/Shutterstock

An initiative from The Recycling Partnership will provide millions of dollars in capital to help sorting facilities install equipment for PP recovery.

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