First there was Green Fence. Then National Sword.
New policies regarding the importing of recycled plastic in China may not have a snazzy new name yet, but Steve Wong, the president of the China Scrap Plastic Association, says it's just as likely to force changes in the industry.
Wong — who is also CEO of Fukutomi Recycling Ltd. — said the new policies target recycled resin coming into China.
The resin will have to meet specific quality standards. That means that companies who have invested in recycling facilities elsewhere in the world, so they could ship recycled pellets from those sites to China, may have to change their business plans again.
Expect the shakeout to continue, Steve Toloken writes.