NEWS
New Plastics Economy report urges more global progress
The New Plastics Economy Global Commitment 2020 report shows progress in the use of recycled content in plastic packaging. This is the second annual
report from New Plastics Economy, an initiative of the Ellen MacArthur Foundation. The report tracks progress of the groups that are signatories of the Global Commitment to achieve circular economy targets, which include plastics producers, packaging groups and brand owners. The 2020 report says there has only been limited progress on increasing recyclability of plastic packaging and reducing the need for single-use packaging altogether. It notes that a shift towards reusable packaging has
IN BRIEF...
The US Department of Energy has announced $27m funding for plastics recycling R&D projects. The 12 projects involve academic, plastics and brand groups developing new materials, processes and technology as part of the DOE’s Plastics Innova- tion Challenge.
www.energy.gov
Nestlé is working with Plastic Energy to explore the scope for a large-scale chemical recycling facility in the UK. A preliminary study partly funded by Nestlé started in early November and will take around six months to complete.
https://plasticenergy.com
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being made by signatories in year one after signing the Global Commitment, but a substantial acceleration of progress will be needed to achieve the 2025 targets.” Sander Defruyt, New Plastics Economy lead at EMF, said: “We are calling on industry to rapidly increase efforts to reduce single-use packaging
so far been limited, and elimination efforts remain focused on a relatively small set of materials and formats. The report says: “There are also significant differences in the rate of progress between signatories – while some have taken big steps forward, others have shown little to no progress against quantitative targets. It is encouraging to see initial progress
and eliminate packaging types that have no credible pathway to making recycling work in practice and at scale. We know industry cannot deliver the change alone, and we are calling on policymakers to put in place the enabling conditions, incentives and international framework to accelerate this transition.” �
www.ellenmacarthurfoundation.org
Roth Capital acquires PureCycle Technologies
US-based PureCycle Technologies, which uses a solvent-based process for recycling PP, is being bought by Roth Capital Partners in a $1bn-plus equity deal. The newly created holding company will be listed on the Nasdaq Capital Market. PureCycle is currently building a 45,000 tpa PP recycling plant in Ironton, Ohio, based on patented purification technology that was developed by global consumer goods group P&G. PureCycle has re- ceived a number of invest- ments and signed offtake agreements with groups
PLASTICS RECYCLING WORLD | November/December 2020
including Aptar, BMW i Ventures, Closed Loop Partners, Wasson Enterprise, Glockner Enterprises, L’Oréal, Milliken, P&G, Ravago and Total. PureCycle is aiming to build facilities globally, with the goal of having 30
commercial lines operation- al by 2030 and 50 by 2035. The second facility is expected to be located in Europe and to commence production in 2023, with a nameplate capacity of approximately 45,000 tpa. �
www.purecycletech.com
Above: PureCycle uses a solvent-based process for recycling PP back to virgin-like quality
www.plasticsrecyclingworld.com
IMAGE: PURECYCLE
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