Film extruder moving into recycled plastic molding - Plastics Recycling Update

2022-05-05 09:18:37 By : Mr. Nathan mong

The owner and president of US Premium Molders said Berwick was chosen for its easy access to the major interstates and proximity to the metropolitan markets. | SevenMaps/Shutterstock

US Premium Plastics is expanding into the injection molding business and recently signed a lease in Berwick, Pa.

A company offshoot, called US Premium Molders, will be operating out of space leased from  the Berwick Industrial Development Association at the B.I.D.A. Complex. It will be using recycled plastics in all products, a B.I.D.A press release said.

“US Premium Molders has entered into a long-term lease agreement with B.I.D.A. to begin their plastic injection molding business this year,” the press release said. “They are set to begin some renovating to get their production center up and running and will be producing product before summer.”

Gokhan Cicek, owner and president of US Premium Molders, said Berwick was chosen for its easy access to the major interstates and proximity to the metropolitan markets.

US Premium Plastics is a film extruding and bag making company founded in 2012 and based in Whitehall, Pa.

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Brand owners and other private and public entities are investing millions of dollars into a plastic reclaimer’s project to build a 170,000-square-foot film recycling facility in the Upper Midwest.

A study from the U.S. Department of Energy estimated the amount of plastic discarded in the U.S. in 2019 was 44 million metric tons, higher than other estimates.

PET recycling startup Loop Industries agreed to pay millions of dollars to settle a lawsuit from investors, and regulators have ended their investigation of PP recycling startup PureCycle Technologies without taking further action.

New York State awarded the University at Buffalo $4.5 million to create a research center for improving plastic recycling.

A couple of converters have rolled out notable recycled-plastic packaging innovations: an RPET food tray and a label-less RPET bottle.

As aspirations for a circular economy continue to gain traction, some financial index providers are urging investors to take notice of what they call an emerging opportunity.

The U.S. is processing more of its scrap plastic domestically, but the overall weight of plastic recycled in 2020 dropped just under 6% from 2019, according to an annual industry report.

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