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Consolidation ahead for PET recyclers?

from Plastics News

North American recyclers are benefiting from rising virgin resin prices and a cutback in competition from China. But experts say they still face many challenges, and there could be consolidation ahead. "Some people [in the post-consumer PET market] are having troubles getting material and are nowhere near their stated capacity. A lot of people are not going to be able to stick it out," said plastics recycling consultant Jean Bina, former key buyer and supply chain manager at Phoenix Technologies International LLC in Bowling Green, Ohio. more

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