Chemical recycling of plastic packaging and other plastic products presents a $10 billion opportunity to businesses in the US and around the world, according to a report from the American Chemistry Council. Not only that, it has the potential to prevent 6.5 million tons of recoverable plastics from being landfilled each year, which dramatically accelerates our transition to a circular economy. Considering both the economic and environmental drivers, it’s surely an opportunity worth taking.
The world’s first carbon-neutral recycled PET, or rPET (recycled polyethylene terephthalate), has been successfully manufactured by Alpla Group. The company has specialized in plastic packaging and recycling, including food-grade PET, for many years – but for the first time in history, they have rolled out the world’s first carbon-neutral recycled PET.
End-of-life goods and materials can be transformed from value lost into value gained by selling them for re-use on online material marketplaces. This practice is called circular material trading, and it enables companies to generate new revenue streams and make money out of their waste materials.