LyondellBasell, one of biggest plastic and chemical companies on the planet, has stepped into the plastics recycling sector for the first time. A high-level executive recently explained what drove the decision.
A $20 million New Jersey plastics recycling facility is in development, and project leaders say it will process roughly 100 million pounds of scrap plastics per year for sale into a variety of end markets.
P&G, Coca-Cola and a handful of other major companies have committed to using products containing post-consumer resin in a range of storage and shipping applications, as part of a new program from the Association of Plastic Recyclers.
U.S. and Canadian end users could consume more of the recovered plastics generated domestically if prices and specifications meet their needs. But a handful of converging market trends are standing in the way of significant growth.
The U.S. Food and Drug Administration will allow recycled PET fiber to be used to make tea bags, fruit or meat packaging and more. It also gave the go-ahead to use recycled plastics in several types of thermoform packaging.