May 20, 2020 - WasteDive
APR in the News
Road ahead for recycled PET markets complicated by coronavirus-induced supply disruptions
Market analysts expect the cost of recycled PET will eventually start to gain parity with virgin, but recent low oil prices and issues with container redemption programs are complicating that outlook. Recycled PET was already set to have a tough 2020 as more virgin resin came on the market at incredibly cheap prices, threatening the viability of recycled materials. And then came the pandemic.
Now, slowed collection and processing of coveted food-grade plastics could cut back on the amount of the resin in the recycling system. And when life becomes more normal again, the market could flood with pent-up recycled PET.
Read the full article from WasteDive.