Page 28 - Plastics News Issue November - 2024
P. 28
COMPANY NEWS
Price indices don’t reflect market realities For October, the national average price of Grade
A film was 18.13 cents per pound, according to
Fairbanks said Trex has seen “very, very moder- RecyclingMarkets.net, higher by 30% on the
ate levels of inflation” in feedstock pricing but year. Trex typically buys A-grade bales, which
also implied that recycled plastics markets still consist of 95-99% clear film that’s often from
lack transparency and that pricing indices do not pallet wrap.
reflect current procurement trends.
However, recycled pellet prices may not directly
“I’ve never really seen a good index that covers or immediately reflect bale pricing, especially
the type of polyethylene that we use, the film during periods of lower demand.
(bales) coming from the marketplace,” he said.
“It’s usually going to be on pelletized purchas- Source – Plastics Recycling Update
es.”
ADS opens research center
for recycled resin
ne of the largest recycled plastics pro- opened the Hilliard facility after more than two
cessors in the country has started up years of development.
Oan engineering center in Ohio, where
the company will research and test materials for Carrying a $65 million price tag, the facility will
use in its industrial water management products. explore new ways of incorporating recycled
resin into products, among other research, the
Advanced Drainage Systems, which consumed company announced in 2022. ADS has been
540 million pounds of post-consumer and post- steadily increasing the percentage that recycled
industrial recycled plastic last year, on Oct. 23 resin makes up of its total feedstock, reaching
28 PLASTICS NEWS November 2024
