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.
Agilyx plans to source at least 6 billion pounds of scrap plastic annually by 2030, according to a recent financial filing. The report also indicates the growing firm did not turn a profit last year.
HDPE tubes, PET aerosol containers and PP thermoforms were among the packaging innovations that received recyclability recognition from the Association of Plastic Recyclers recently.
A startup that supplies an ink allowing shrink sleeve labels to be separated from PET flakes with a magnet has successfully completed early testing of the innovation.
A slew of packaging products – a plastic aerosol can, multi-layer HDPE bottle, bottle and film labels – recently received recognition for their compatibility with plastics recycling processes.
The Alliance to End Plastic Waste is accepting applications to provide up to $20 million for individual chemical recycling ventures, according to a recent request for proposals.
Eastman’s plastics sorting capabilities and complementary chemical recycling technologies will help it cost-effectively secure the ample feedstock supply needed for a huge methanolysis plant, the company’s CEO said.