Processor and compounder Star Plastics has been acquired by a private equity firm. Company founder Doug Ritchie said the partnership will help Star expand its product line.
Processor and compounder Star Plastics has been acquired by a private equity firm. Company founder Doug Ritchie said the partnership will help Star expand its product line.
Beverage giants and an investment firm have decided to put millions of dollars behind a Midwest PET reclaimer’s expansion project.
Procter & Gamble plans to incorporate post-consumer plastic that’s produced using a chemical recycling process into certain packaging later this year, the company announced.
PureCycle Technologies, which uses a solvent-based PP recycling process, aims to build 50 processing plants over the next 15 years.
After expanding its processing capacity last year, PET processor PolyQuest is now adding buildings, rail spurs and other site improvements.
PolyQuest is adding 25 million pounds per year of processing capacity to its South Carolina pelletizing operation. Growth in customer RPET demand led to the investment. Continue Reading
International Recycling Group hopes to finish financing a $150 million plastics recovery facility by the end of the year, with the massive plant scheduled to come on-line in 2023.
An auction will be held today to sell PinnPack, a thermoform packaging manufacturer owned by bankrupt company CarbonLite. Meanwhile, acquisitions of the company’s three PET recycling plants have been finalized.
Brightmark this week announced it will build a second facility bringing in mixed plastics for chemical recycling. To be located in Georgia, the plant will have a processing capacity of 800 million pounds per year.
Indorama Ventures Sustainable Solutions is spending significantly to more than double the size and flake-production capacity of its Alabama PET recycling plant, according to interviews and city documents.