Welcome!

News Feed Item

Earth Day 2014: U.S. recycled plastic industry booms; some recycled products now more expensive than new, according to PetroChem Wire

Plastic PET bottle recycling increases 53 percent over 10 years

NEW YORK, April 22, 2014 /PRNewswire/ -- Recycled polyethylene terephthalate (PET) pellets are now selling at higher prices than new PET produced from scratch at refineries. As of April 15, 2014, bulk virgin PET was selling at 72 cents per pound while recycled PET pellets were fetching as much as 77 cents per pound, according to PetroChem Wire, a chemical industry news and price reporting service that also publishes Repro-Regrind Resin Report, which covers recycled plastics markets.

"When recycled plastic costs more than new production, you know the U.S. has dramatically ramped up its efforts to decrease the amount of plastics heading to the garbage," said Xavier A. Cronin, editor of Repro-Regrind Resin Report.

PET is a plastics-making chemical produced at oil refineries used to make a myriad of food and beverage packaging—from soda and water bottles to peanut butter jars. The PET bottle was patented in 1973. Four years later the first PET bottle was recycled. In the 44 years since the first Earth Day in 1970, the recycling of PET has risen steadily and accelerated over the last decade.

One reason for the virgin-to-recycled-PET price anomaly is an overproduction of virgin PET in the U.S. This is the result of investors being convinced that demand for PET would rise, so they built new PET production plants in recent years.

"A funny thing happened on the way to expansion," Cronin said. "We started recycling our plastic far more than in previous decades and demand for recycled plastics rose with the advent of bills for bottles requiring deposits in some states."

Another factor Cronin cites is that some plastic-bottle makers must include a certain percentage of recycled PET in their new production to meet environmental mandates. This further increases demand for recycled PET pellets.

According to the National Association for PET Container Resources (NAPCOR), in 2012, 31.8% of PET bottles in the U.S. were recycled or 859,000 tons. This is up 6.6% from 2011's 802,000 tons, and up by 53% from 2002's 398,500 tons.

The recycling process has become routine in many areas of the U.S. The highest volume of recyclables comes from people's homes. Bottles, jars and everything else plastic (and metal and paper) are put into recycling bins for curbside collection. The municipality picks it up each week and it gets separated and cleaned.

PET plastics, which form a sub-category, are further separated. They are bundled and secured into bales that are sold to companies that reprocess them into recycled PET "flake," which is then "pelletized." In recent years, advances in plant technology have allowed some recycled PET flake to be used directly in the production of new packaging, bypassing the pellet stage. Companies that buy recycled pellet use it to make new plastic packaging.

The Repro/Regrind Resin Report covers prices on the fast-growing market for recycled plastics. The twice-monthly newsletter contains more than 70 assessments for pellet and flake material and is published by PetroChem Wire, a daily newsletter about U.S. commodity petrochemical markets. It counts every major petrochemical and refining company among its readers, as well as many major manufacturing concerns, global conglomerates, industry consultants, equity analysts and government agencies. It also produces maps of chemical plants and pipeline systems. For more information, visit www.petrochemwire.com.

SOURCE PetroChem Wire

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
You know you need the cloud, but you're hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You're looking at private cloud solutions based on hyperconverged infrastructure, but you're concerned with the limits inherent in those technologies. What do you do?
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...