A report from S&P Global Platts, a commodity market specialist, revealed that recycled plastic now costs an extra $72 (£57) a tonne compared with newly made plastic. By recycling one ton of plastic wastes, you can save roughly 2,000 pounds of oil, the amount of water used by one person in two months' time, and two people’s energy consumption for one year. But the recovery of PET soft drink bottles in 2008 was 37%, which was much better than that of other plastic containers. 2.4 million tons of PET plastic are discarded in the U.S. each year. Setting aside environmental concerns, the economic success or failure of plastics recycling relies on two variables: the cost of the raw materials used to make virgin plastic, petroleum and natural gas, and the cost of recycling versus the cost of disposal, which fluctuates based on a city’s proximity to recycling centers and the price to dump in local landfills. Although many larger manufacturers would struggle to switch their machinery back to virgin plastics, smaller manufacturers may be forced to turn their backs on recycled plastic to keep costs down. Only 13.3% of plastic packaging was recycled. Making this many PET bottles and jars today from virgin plastic would cost $4.5 billion just for the raw materials, without considering the cost of operating bottle production plants. Indeed. Ostensibly this is the cheaper option. Now they are working to make more lightweight bottles that contain more recycled resin, Powell explained. In a blow to the war on plastic this could mean the makers of clear plastic bottles and fruit punnets stoke demand for new fossil-fuel based plastic rather than reusing old recycled bottles. The cost of producing plastics relies on the cost of petroleum, which is constantly rising. "Plastics News," a trade magazine, lists the recent price of PET virgin bottle resin pellets between 83 and 85 cents a pound, compared to only 58 to 66 cents a pound for PET recycled pellets. That’s 21 times more bottled water than the amount available on shelves in 1976, according to U.S. government data. Making this many PET bottles and jars today from virgin plastic would cost $4.5 billion just for the raw materials, without considering the cost of operating bottle production plants. Only a very small percentage of recycled bottles are used to make new bottles. More than 1,600 business organizations in the U.S. are involved in recycling post-consumer plastic items. Coca-Cola’s European business plans to cut the amount of virgin plastic used in its soft drink bottles to 50% within the next two years, and will change the colour of its Sprite bottles from green to clear to make sure 100% of its bottles can be reused. Of the 2.7 million tons of plastic PET bottles on U.S. shelves in 2006, four-fifths went to landfills. plans to cut the amount of virgin plastic used in its soft drink bottles, to tax companies which don’t use at least 30% recycled plastic. Thank you for signing up to Live Science. Between 1,000 and 2,000 gallons of gasoline can be saved by recycling just one ton of plastics. And, according to the. Nonetheless, the cost of recycling a bottle versus making a new one simply varies, depending where the bottle is and what the capricious price of oil happens to be. Then it is washed and chopped into flakes. New York, But the selling price of these recycled bags is twice the cost. Bottles made with thinner plastic use 30 percent less resin and rely on the water or liquid inside to maintain their shape. First it goes to a collection facility to be inspected for contaminants like rock or glass. Live Science is part of Future US Inc, an international media group and leading digital publisher. Stay up to date on the coronavirus outbreak by signing up to our newsletter today. In fact, fees can run from $10 a ton to over $100, according to Jerry Powell, editor of the trade publication "Plastics Recycling Update." Here is an overview of the industry. There was a problem. For years the cost of making plastic products from recycled flakes was cheaper than relying on virgin plastics made using fossil fuels, meaning the sustainable option was an economic option too. But the selling price of these recycled bags is twice the cost. Almost 8 million metric tons of plastic end up in the world's oceans annually, according to a 2015 study from the Unversity of California Santa Barbara. Europe’s manufacturers face $250m-a-year hit as rising demand drives up price, Last modified on Wed 23 Sep 2020 15.39 BST. The National Association for PET Container Resources (NAPCOR) reported that, in 2013, there were. According to EPA reports, 2.1 million tons of plastic waste was recycled in 2008. The flakes are dried and melted into plastic lava, which is filtered for impurities and formed into strands. Ocean plastic and plastic shopping bags still present major global challenges. We're also on Facebook & Google+. Yet escalating plastic prices have done little to curb demand. All that extra plastic, and the petroleum used to make it, is expensive. That makes plastic bags the second most common kind of waste item found in coastal cleanup. (It's not aliens. © Makers of plastic packaging are under pressure to use more recycled plastic to reduce the scourge of plastic pollution in the oceans. Plastic recycling results in significant energy savings compared with the production of new plastics using virgin material. Businesses that want to have a positive environmental impact should stay informed on the global impact of plastic waste and the state of plastic recycling. Landfills, however, are the final resting place for most bottles. “Less plastic. They have warned that this could cost sustainable manufacturers across Europe an extra $250m a year. Now the looming question is what to do with all that plastic. Receive mail from us on behalf of our trusted partners or sponsors? Please refresh the page and try again. In 2005, seven and a half billion gallons of water flooded U.S. shelves – roughly equivalent to the average amount of water that flows over Niagara Falls in three hours. Each year, about $25 million is spent in the state of California to dispose of plastic waste in landfills. In the 40 years since “The Graduate,” plastic has exploded in applications, from car bumpers to computers, and it has been classified into seven types, including PET #1, the type used for plastic water and soda bottles. Visit our corporate site. A University of California, Berkeley study estimated that areas like Los Angeles and San Francisco could gain an economic benefit of $200 a ton for recycling instead of dumping. The recycling rate of various plastic items such as plastic bags and bottles is slight. In recent months, the price of recycled plastic flakes, used to make goods from soft drink bottles to glitter, has become more expensive than virgin plastic for the first time. In general, the cost of plastic recycling plant mainly includes the machine prices , transportation costs, raw material costs, installation costs and other costs… It costs approximately $4,000 to recycle one ton of plastic bags. Every year, roughly 102.1 billion plastic bags are used by Americans. Receive news and offers from our other brands? According to … Physicists could do the 'impossible': Create and destroy magnetic fields from afar, Who set up this mysterious metal monolith in Utah desert? Prior to its reincarnation as industrial carpet or sleeping bag stuffing, a plastic bottle in the recycle bin has a long journey ahead of it. ), Whodunit solved when 'sword' is found embedded in thresher shark, Roman-era Egyptian child mummy scanned with laser-like precision, Wide-eyed prehistoric shark hid its sharpest teeth in nightmare jaws, SARS-CoV-2 relative found lurking in frozen bats from Cambodia, Crested rats can kill with their poisonous fur. Less than 10% of plastic generation from the U.S. Municipal Solid Waste stream is recycled. A report from S&P Global Platts, a commodity market specialist, revealed that recycled plastic now costs an extra $72 (£57) a tonne compared with newly made plastic. Plastic recycling has become an increasingly important sector of recycling, but it would be hard to declare it a great success story from an environmental perspective. You will receive a verification email shortly. Meanwhile, new plastic is becoming cheaper to make due to a flood of petrochemicals production from the US driven by the shale gas boom. Maybe when you are going to start a plastic recycling plant business plan, the first thing you will take the waste plastic recycling plant cost into account. Importing recycled plastic from Latin America could help meet European demand. “That’s what we need,” he remarked. The amount of PET plastic on U.S. shelves has more than doubled in the last decade, according to the National Association for PET Container Resources (NAPCOR). Please deactivate your ad blocker in order to see our subscription offer. Not just recycling.”. Between 1,000 and 2,000 gallons of gasoline can be saved by recycling just one ton of plastics. Coca-Cola sources only. Over time, plastic breaks down into tiny particles called microplastics, which are found on shorelines around the world. It costs approximately $4,000 to recycle one ton of plastic bags. 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