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.
A cosmetic tube technology was approved by APR for its compatibility with recycling processes. | nikitabuida / Shutterstock
HDPE tubes, PET aerosol containers and PP thermoforms were among the packaging innovations that received recyclability recognition from the Association of Plastic Recyclers recently.
As part of the pilot project, Magnomer’s magnetizable inks were printed on shrink labels in collaboration with American Fuji Seal. | Courtesy of Magnomer
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 number of chemical recycling firms have made announcements recently. | cwales/Shutterstock
Chemical recycling companies have recently announced certifications, development and marketing agreements, investments and more.
The FDA issued a number of approvals for recycling technologies to produce recycled resin for use in food and beverage packaging. | Funtap/Shutterstock
The Food and Drug Administration issued a slew of letters giving reclaimers the green light to produce recycled resin for use in food and drink packaging last year.
The Association of Plastic Recyclers recently issued several letters to packaging companies recognizing their innovations as compatible with plastics recycling processes. | Trong Nguyen/Shutterstock
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 funding applications for chemical recycling projects through April 30.| paul prescott/Shutterstock
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.
Polystyvert uses an essential oil to dissolve PS, which is then purified, separated from the oil and pelletized. | Courtesy of Polystyvert
Canadian polystyrene recycling technology company Polystyvert has signed a joint development agreement with global styrenics producer INEOS Styrolution.
Eastman Chemical Co. announced it will invest $250 million over two years to build a methanolysis plant at its Kingsport, Tenn. facility. | William Griffith/Shutterstock
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.