|By PR Newswire||
|April 22, 2014 02:11 PM EDT||
NEW YORK, April 22, 2014 /PRNewswire/ -- Recycled polyethylene terephthalate (PET) pellets are now selling at higher prices than new PET produced from scratch at refineries. As of April 15, 2014, bulk virgin PET was selling at 72 cents per pound while recycled PET pellets were fetching as much as 77 cents per pound, according to PetroChem Wire, a chemical industry news and price reporting service that also publishes Repro-Regrind Resin Report, which covers recycled plastics markets.
"When recycled plastic costs more than new production, you know the U.S. has dramatically ramped up its efforts to decrease the amount of plastics heading to the garbage," said Xavier A. Cronin, editor of Repro-Regrind Resin Report.
PET is a plastics-making chemical produced at oil refineries used to make a myriad of food and beverage packaging—from soda and water bottles to peanut butter jars. The PET bottle was patented in 1973. Four years later the first PET bottle was recycled. In the 44 years since the first Earth Day in 1970, the recycling of PET has risen steadily and accelerated over the last decade.
One reason for the virgin-to-recycled-PET price anomaly is an overproduction of virgin PET in the U.S. This is the result of investors being convinced that demand for PET would rise, so they built new PET production plants in recent years.
"A funny thing happened on the way to expansion," Cronin said. "We started recycling our plastic far more than in previous decades and demand for recycled plastics rose with the advent of bills for bottles requiring deposits in some states."
Another factor Cronin cites is that some plastic-bottle makers must include a certain percentage of recycled PET in their new production to meet environmental mandates. This further increases demand for recycled PET pellets.
According to the National Association for PET Container Resources (NAPCOR), in 2012, 31.8% of PET bottles in the U.S. were recycled or 859,000 tons. This is up 6.6% from 2011's 802,000 tons, and up by 53% from 2002's 398,500 tons.
The recycling process has become routine in many areas of the U.S. The highest volume of recyclables comes from people's homes. Bottles, jars and everything else plastic (and metal and paper) are put into recycling bins for curbside collection. The municipality picks it up each week and it gets separated and cleaned.
PET plastics, which form a sub-category, are further separated. They are bundled and secured into bales that are sold to companies that reprocess them into recycled PET "flake," which is then "pelletized." In recent years, advances in plant technology have allowed some recycled PET flake to be used directly in the production of new packaging, bypassing the pellet stage. Companies that buy recycled pellet use it to make new plastic packaging.
The Repro/Regrind Resin Report covers prices on the fast-growing market for recycled plastics. The twice-monthly newsletter contains more than 70 assessments for pellet and flake material and is published by PetroChem Wire, a daily newsletter about U.S. commodity petrochemical markets. It counts every major petrochemical and refining company among its readers, as well as many major manufacturing concerns, global conglomerates, industry consultants, equity analysts and government agencies. It also produces maps of chemical plants and pipeline systems. For more information, visit www.petrochemwire.com.
SOURCE PetroChem Wire
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal S...
May. 24, 2015 11:30 AM EDT Reads: 3,698
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
May. 24, 2015 11:30 AM EDT Reads: 2,669
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cloud Database, which includes its own RESTful API. Trove was originally developed around MySQL, whose interfaces are significantly less complicated than those of the Postgres cloud database. In his session at 16th Cloud...
May. 24, 2015 11:30 AM EDT Reads: 881
SYS-CON Events announced today that EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. EDB is the largest provider of Postgres software and services that provides enterprise-class performance and scalability and the open source freedom to divert budget from more costly traditiona...
May. 24, 2015 11:00 AM EDT Reads: 1,380
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, explored the synergies in these two approaches, with practical tips, techniques, research data, wa...
May. 24, 2015 11:00 AM EDT Reads: 6,508
Enterprises are fast realizing the importance of integrating SaaS/Cloud applications, API and on-premises data and processes, to unleash hidden value. This webinar explores how managers can use a Microservice-centric approach to aggressively tackle the unexpected new integration challenges posed by proliferation of cloud, mobile, social and big data projects. Industry analyst and SOA expert Jason Bloomberg will strip away the hype from microservices, and clearly identify their advantages and d...
May. 24, 2015 10:45 AM EDT Reads: 1,144
Data-intensive companies that strive to gain insights from data using Big Data analytics tools can gain tremendous competitive advantage by deploying data-centric storage. Organizations generate large volumes of data, the vast majority of which is unstructured. As the volume and velocity of this unstructured data increases, the costs, risks and usability challenges associated with managing the unstructured data (regardless of file type, size or device) increases simultaneously, including end-to-...
May. 24, 2015 10:30 AM EDT Reads: 4,081
If cloud computing benefits are so clear, why have so few enterprises migrated their mission-critical apps? The answer is often inertia and FUD. No one ever got fired for not moving to the cloud - not yet. In his session at 15th Cloud Expo, Michael Hoch, SVP, Cloud Advisory Service at Virtustream, discussed the six key steps to justify and execute your MCA cloud migration.
May. 24, 2015 10:30 AM EDT Reads: 2,738
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
May. 24, 2015 10:30 AM EDT Reads: 5,078
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
May. 24, 2015 10:00 AM EDT Reads: 1,794
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud en...
May. 24, 2015 10:00 AM EDT Reads: 1,670
Can the spatial component of your Big Data be harnessed and visualized, adding another dimension of power and analytics to your data? In his session at Big Data Expo®, John Meza, Product Engineer and Performance Engineering Team Lead at Esri, discussed the spatial queries that can be used within the Hadoop ecosystem and their integration with GeoSpatial applications. The GIS Tools for Hadoop project was also discussed and its implementation to discover location-based patterns and relationships...
May. 24, 2015 09:30 AM EDT Reads: 3,427
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 24, 2015 09:30 AM EDT Reads: 4,515
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
May. 24, 2015 09:30 AM EDT Reads: 6,404
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
May. 24, 2015 09:00 AM EDT Reads: 5,997