Two recycling announcements will make it easier for companies to recycle difficult waste streams and ultimately buy recycled-content materials, which generally cost less than using virgin materials.
Yesterday Quest Resource Holding Corporation launched a new suite of services for the construction and demolition (C&D) industry. This is in addition to the company’s existing LEED project management and certification services.
C&D waste and recycling services cover materials such as wood, concrete, roofing, drywall, metal, plastic and blast media recycling as well as hazardous and non-hazardous waste.
Quest says its new job site recycling and general requirement services can help C&D clients control cost, access waste disposal alternatives, streamline logistics, and increase efficiencies across a regional or national footprint.
Earlier this month Oregon-based environmental technology company Agilyx said it’s constructing a 10 tons-per-day production facility near Portland, Oregon that will convert scrap polystyrene (foam cups, packaging materials and Styrofoam) into a styrene monomer.
The finished product will be sold on the open market to refiners, Recycling Today reports.
The company expects the plant to be producing styrene in the second quarter of this year.
The announcement comes as a new market report says the global plastic recycling market, valued at $31.5 billion in 2015, will reach $56.8 billion by 2024, expanding at a compound annual growth rate of 6.9 percent between 2016 and 2024.
Ross Patten, CEO of Agilyx, told Recycling Today that the facility will be the first of its kind in North America. The 10-tons-per-day operation can be expanded to 25-tons-per-day or even 50-tons- per-day project, he added.
The company plans to secure a supply of polystyrene from the food packaging sector and the horticultural sector.
“With global industry leaders at Davos this week endorsing the plan to recycle 70 percent of plastic packaging, we are ready,” Patten said in a statement. “We’re very pleased with the support we’re receiving from key industry players to bring this viable economic pathway for reuse of plastic waste to market. Agilyx is excited to be part of a full circle solution that aligns with what’s needed so urgently.”
At the annual annual World Economic Forum in Davos, Switzerland, more than 40 organizations across the plastics value chain — including Unilever, Amcor, Coca-Cola, Danone, Mars, Novamont and Veolia — endorsed a circular economy plan to ensure 70 percent of plastic packaging is reused and recycled globally, up from today’s recycling rate of 14 percent.