
SB 353 aims to protect recycling companies from severe market fluctuations, which have been a factor in many closures. | Susanne Pommer/Shutterstock
A newly introduced bill in the California Senate would adjust how state regulators calculate the amount of money paid to bottle and can recycling businesses, helping those companies avoid steep financial losses when scrap values plummet.
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The late-2022 rise in PET values has extended into the new year, with the recycled plastic grade seeing a 12% bump this month. 
Institute of Scrap Recycling Industries leaders will consider approving new glass and inbound mixed-recycling specifications.