- Recycled Polyethylene Terephthalate Demand to Rise by 2.1X Growth as Massive Capacity Expansion by Key Players Comes into Play - The recycled polyethylene terephthalate (R-PET) market
Closed Loop, ABA provide $5M toward Evergreen recycling expansion in Ohio plasticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plasticsnews.com Daily Mail and Mail on Sunday newspapers.
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Initiatives by savvy players to integrate new recycling processes that enable elimination of organic and inorganic compounds indicating evolution of predecessor processes to create opportunities in recycled PET market
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Intense programs to prevent plastic to run into landfills, water bodies for conservation of the environment spells growth
ALBANY, N.Y., April 27, 2021 /PRNewswire/ Recycled polyethylene terephthalate, which in industry parlance is known as RPET, is the most widely recycled plastic in the world. According to the PET Resin Association, in 2012, the European Union registered 52% recycling rate higher than about 31% registered in the U.S. In fact, in 2015, nearly 1.8 billion pounds of polyethylene terephthalate (PET) worldwide were recycled to make a variety of end products. These include polyester carpet fiber, athletic shoes, and fabric for T-shirts among others. Importantly, the use of recycled PET in place of virgin PET results in reduced energy consumpti