Akoya Capital Partners, a Chicago-based investment company, is the new owner of Star Plastics. | fizkes / Shutterstock
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.
The American Beverage Association, Ohio Beverage Association and investment firm Closed Loop Partners announced their combined $5 million investment in Evergreen’s Ohio expansion. | Takorn / Shutterstock
Beverage giants and an investment firm have decided to put millions of dollars behind a Midwest PET reclaimer’s expansion project.
In addition to signing a supply agreement, Procter & Gamble (P&G) and Eastman said they will “collaborate on initiatives addressing the infrastructure needed to increase plastic recycling rates.” | Jonathan Weiss / Shutterstock
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.
Purified and recycled PP produced by PureCycle Technologies. | Courtesy of PureCycle Technologies.
PureCycle Technologies, which uses a solvent-based PP recycling process, aims to build 50 processing plants over the next 15 years.
PolyQuest has invested more than $50 million in the Darlington facility since 2004. | Courtesy of PolyQuest
After expanding its processing capacity last year, PET processor PolyQuest is now adding buildings, rail spurs and other site improvements.
PolyQuest is adding a post-consumer PET processing line at its Darlington, S.C. recycling plant. | Photo courtesy PolyQuest
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
Rendering of the planned “SuperPRF” courtesy of International Recycling Group.
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.
PinnPack, which uses RPET to produce recycled-content thermoformed packaging, will be auctioned today (June 16). | Konektus Photo / Shutterstock
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.
More than 100 employees will be hired to work at Brightmark’s upcoming $680 million Georgia plant. | Frank Fiedler / Shutterstock
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 will install AMUT equipment at its Alabama RPET facility, including de-labeling equipment like the unit pictured above. | Courtesy of AMUT
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.