Na Kyung-soo, CEO of SK Global Chemical, signs the strategic investment agreement with Loop Industries on June 23. | Courtesy of SK Global Chemical
Quebec-based Loop Industries is receiving a $56 million equity investment from plastics giant SK Global Chemical to help it grow its PET depolymerization business.
Metaspectral’s vision system is capable of operating at conveyor belt speeds of up to 10 meters per second. | Nordroden / Shutterstock
The government of British Columbia is helping to fund development of a high-precision scrap plastics identification technology, according to the developer.
PET bottle labels can be problematic to the plastics recycling process, but three PET bottle label innovations recently received letters confirming their compatibility. | Ho Su A Bi / Shutterstock
The Association of Plastic Recyclers has recognized three shrink label innovations for their compatibility with PET recycling processes.
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.
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.
The Association of Plastic Recyclers (APR) stated its support for beverage bottle deposit laws. | Ultrasto / Shutterstock
The Association of Plastic Recyclers has published position statements on chemical recycling, the use of mass balance methodologies for post-consumer plastics, and bottle deposit programs.
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.
PureCycle is a publicly traded company that licenses a PP purification technology from Procter & Gamble. | GH Studio / Shutterstock
The short seller who took aim at PET depolymerization startup Loop Industries has now published allegations against PP recycling company PureCycle Technologies.
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.
Agilyx experienced a net loss of $10.1 million in 2020. But the company noted that this was due to various expenditures that are part of the company’s “gearing for growth and expansion.” | Orathai Mayoeh / Shutterstock
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.