Polypropylene
The Association of Plastic Recyclers is adding six new packaging components to the trade group's Preferred Design Recognition Program.
The company's Ironton, Ohio, recycling facility uses solvent to purify used polypropylene.
The company has been working for months with the Augusta Economic Development Authority to win approval to use land owned by the agency to build a second solvent-based polypropylene recycling facility in the United States.
The North American polypropylene market remains as volatile as ever as resin prices drop in April after seeing an increase in March.
The FDA has cleared a path for Missouri-based recycler St. Joseph Plastics to offer post-consumer polypropylene pellets for some food-contact applications.
"[PP] supplies are improving, with operating rates at 80 percent or higher, but most suppliers are still on allocation," says Scott Newell, a market analyst with Resin Technology Inc.
COVID-19 created new demand, but now both materials are hard to find, according to analysts with IHS Markit.
Production disruption from February's winter storm and cold along the Gulf Coast adds to existing shortages to push polypropylene prices beyond normal numbers.
The firm has seen "unexpected operational difficulties" at the site.
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