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U.S. plastic waste industry is on the verge of collapse

by:Eugenia     2022-01-01
When some of the investors in the recycled plastics industry encountered difficulties in the 'Dongdu' and 'Xia Nanyang' industries, some waste plastics people have set their sights on the United States on the other side of the ocean. As the world’s largest consumer of waste plastics, China has been the largest waste plastic destination in the United States for the past two decades. However, with the implementation of this year’s waste ban, the United States’ exports of waste plastics to China have plummeted this year. Some data show that from January to August this year, the amount of waste plastics exported by the United States to the country fell by nearly 93%. At the same time, the price of these waste plastics has plummeted, and local waste plastic recycling and export companies said that 'every ton of waste processed is losing money.' While the U.S. waste plastic recycling and export industries have suffered heavy losses, domestic companies that rely on these principles for production have also fallen into a crisis of having to cut production or even shut down due to shortage of raw materials. However, everything seems to have changed recently. According to recent U.S. media reports, the U.S. waste plastic recycling industry has nearly collapsed due to a significant slowdown in exports of waste plastics to China since the beginning of this year. In addition, the waste ban has caused worldwide The price of waste plastic has plummeted, and a large amount of cheap waste plastic has appeared in the United States. This has just attracted the attention of some investors who are well versed in how to deal with the logistics and regulatory issues of exports to China. These investors are mostly from Chinese plastic manufacturers. Subsidiaries or suppliers of raw materials for major Chinese customers. Song Lin, who has been doing waste plastics in the United States for a long time, said: 'After China stopped importing plastic waste, there are now plastic wastes everywhere.' He plans to set up a factory in Georgia to use the United States. The local cheap raw materials produce recycled plastic pellets that can be exported to China. He has bought an old warehouse in Georgia that was used to store frozen food. He plans to start cleaning production equipment in the near future. It is estimated that 20,000 tons of recycled pellets will be produced every year. . Regarding the source of these raw materials, Song Lin said that most of the raw materials come from some automobile manufacturers, waste plastic retailers and farms; and for exports, he said that he plans to export plastics from the Port of Savannah, Georgia, to a plastic pipe manufacturer in China. Particles. 'They will buy every pound of plastic pellets we produce.' Song Lin said. With the sharp decline in the export volume of local waste plastics in the United States, it is not uncommon for suppliers like Song Lin, who have been in the United States for many years or subsidiaries of certain production companies, to become recycled plastic pellet processing plants in the United States. For example, Song Lin has Like him, at least two former customers have established waste plastic processing plants in Georgia or elsewhere. The activities of investors have helped the U.S. waste plastic recycling industry on the verge of collapse, and at the same time, it has eased the shortage of domestic raw materials, especially when the waste plastic industry in Southeast Asia is undergoing major rectification. When the raw material gap is bigger. The activities of these investors are tantamount to helping the United States and China. Chinese companies have taken advantage of the U.S. waste plastics industry, and it has also brought a glimmer of dawn to domestic companies that are in short supply of raw materials. However, we must also pay attention to the fact that in the United States, a region with stricter regulations than Southeast Asia, investors need to abide by the regulations and must not repeat the same mistakes in Southeast Asia; on the other hand, we must also remember that the handling of raw materials must be regulated. When in place, we must not send non-compliant 'foreign garbage' into the country. Acrylic lens price
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