The future of recovered materials exports to China remains hazy, but leaders from the Institute of Scrap Recycling Industries (ISRI) made a few things clear after a recent trip to Hong Kong and Beijing.
Pennsylvania’s recycling industry contributed $22.6 billion in value to the state’s gross product in 2015, according to an economic impact report. The industry also contributed $1.7 billion in state taxes and $2.7 billion in federal taxes that year.
The national average price of post-consumer PET beverage bottles has been rising steadily since January. On Jan. 3, the national average price was 10.8 cents per pound and has moved up 39.8 percent to the current 15.1 cents per pound.