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Plastics producer invests $10 million in Closed Loop funds

Global resin maker SK Global Chemical has put millions into an industry group’s initiative to boost the circular economy for plastics. The South Korea-headquartered chemical and plastics manufacturer put the money – $10 million in total – into two funds …

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Never too late to build a better planet: CEO takes second company public 15 years after he ‘retired’ | Financial Post

78-year-old Andrew Benedek’s plan is to combat climate change by transforming trash into clean energy, making landfills obsolete Source: Never too late to build a better planet: CEO takes second company public 15 years after he ‘retired’ | Financial Post Read More…

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Closed Loop Partners invests in ERI

Closed Loop Partners founder and CEO Ron Gonen will join the ITAD and electronics recycling company’s board. … Read More…

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ACC calls for 30% recycled content mandate in packaging

A major industry group is urging Congress to adopt a national recycled plastic standard, facilitate “rapid scaling” of the chemical recycling sector, and more. The American Chemistry Council (ACC) on July 13 published an outline of five actions the organization …

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Utah board mill gains an investor

Peterson Real Assets will invest an undisclosed amount in the recycled-content Crossroads Paper mill. … Read More…

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No ‘magic formula’ to remove battery fire risk, report finds

After charting a global increase in e-scrap facility fires caused by damaged batteries, experts published a handful of key recommendations for preventing “thermal events.” The Brussels-based Waste Electrical and Electronic Equipment Forum (WEEE Forum) this month published “Recommendations for Tackling …

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TerraCycle and brands sued over recycling claims

A nonprofit environmental organization is suing TerraCycle and several major brands, saying the companies are misleading consumers about the recyclability of their products through mail-in collection programs. TerraCycle’s CEO discussed the company’s labeling in an interview. The Last Beach Cleanup …

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Scientists Develop Process to Turn Plastic into Food

Two scientists are receiving the Future Inisight Prize for developing a new process that turns waste plastic into food. Ting Lu, a professor of bioengineering at the University of Illinois Urbana-Champaign, and Stephen Techtmann, associate prof … Read More…

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Mattress retailer penalized for illegally pocketing customer recycling fees

Valley Mattress in Bakersfield, California, will be charged $63,034 in penalties and back payment for failing to submit collected customer fees for recycling. … Read More…

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Plastic Pollution Initiative to Appear on California’s 2022 Ballot

Californians have widespread concern about the negative effects of plastic production and pollution. Source: Plastic Pollution Initiative to Appear on California’s 2022 Ballot Read More…