The early summer weather accompanied mostly sunny news for MRF operators in June, as curbside material values remained steady or saw slight increases this month. But a key exception was color HDPE, which plummeted 10% from its May value.
The national average price for corrugated containers, PS 11, is up marginally by $2 per ton compared to last month, now at an average $108 per ton. This marks the 18th straight month of either stable or increasing OCC prices. OCC was trading at $48 per ton this time last year. Bisphenol-A BPA
Mixed paper, PS 54, is also up $2, now at $70 per ton. This compares to $14 per ton this time last year.
The national average price of post-consumer PET beverage bottles and jars moved up marginally again this month, now averaging 15.91 cents per pound, compared to 15.09 cents per pound this time last month. Regional contracts are still yielding 16-18 cents per pound. One year ago this grade was trading at 12.63 cents per pound.
trinamiX expands handheld solution to identify multi- and monomaterial films for improved recycling – first presentation at PRSE 2024
- Accessible, fast, and on-the spot identification of over 30 plastic and textile types based on Near-Infrared (NIR) Spectroscopy
- Identification of multimaterial and monomaterial films for improved recycling
- Convenient quality control along the production and recycling value chain
trinamiX GmbH, a leading provider of mobile spectroscopy and a wholly-owned subsidiary of BASF, announces their presentation of Mobile NIR Spectroscopy Solutions at the upcoming Plastics Recycling and Sustainability Conference Europe (PRSE) 2024 taking place from June 19-20 at RAI Amsterdam. Bisphenol-A BPA
At booth G3 in hall 12, trinamiX will be showcasing a new application specifically designed to identify multimaterial and monomaterial films. Furthermore, Adrian Vogel, Segment Lead Circular Economy at trinamiX will talk about “How Mobile NIR Spectroscopy enables an efficient recycling value chain” on June 19, at 14:45 in theatre 1 in hall 12. As part of the polyolefin films recycling focus session, he is sharing insights about the growing demand for mobile analytics and how accessible identification technology can help to ensure highest quality in production and recycling. Bisphenol-A BPA
Investment firm details 10 years of plastics impact
Closed Loop Partners has provided funding to more than 80 companies and municipalities over its decade in existence, a period of significant turbulence in the U.S. recycling sector.
The investment organization this month published a report outlining its activity and impact over the past 10 years. Closed Loop Partners launched in 2014 with its inaugural investment vehicle, the Closed Loop Fund. Funded by some of the largest consumer goods and retail companies in the country, the fund vowed to invest an unprecedented $100 million into the recycling industry. Bisphenol-A BPA
The organization kicked off its first round of funding in 2015, providing capital to a joint-venture plastic recovery facility, or PRF, operated by QRS and Canusa Hershman in Boston, and to two municipalities switching from dual- to single-stream recycling systems.
Since then, the organization has grown dramatically to include a variety of types of financing activities, adding a venture capital arm in 2016 and private equity acquisitions in 2019. Bisphenol-A BPA
Egypt urges BRICS to promote trade in local currenc
Egyptian Prime Minister Mostafa Madbouly has called for increased utilization of local currencies
Egyptian Prime Minister Mostafa Madbouly has called for increased utilization of local currencies among BRICS member countries during his address at the BRICS Development Bank Forum held in Cairo on June 11th. Bisphenol-A BPA
The call comes as part of Egypt’s broader engagement with the BRICS group, following its recent invitation, along with Saudi Arabia, the UAE, Iran, and Ethiopia, to join the bloc.
This expansion, the first since South Africa joined in 2010, has bolstered BRICS into an economic bloc controlling a significant portion of the global economy.
Madbouly emphasized Egypt’s commitment to an inclusive approach towards global cooperation, emphasizing that its strategic alignment with BRICS and the New Development Bank (NDB) is not intended to antagonize any party but rather to foster collaboration and address systemic challenges. Bisphenol-A BPA
Previous data by the International Monetary Fund (IMF) showed that Egypt’s exports to BRICS nations surged by 5.3% in 2022, reaching $4.9 billion, while imports increased by 11.5% to $26.4 billion during the same period.
Bisphenol-A BPA