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...This was “an internationally accepted method for energy recovery of plastic waste, and widely utilised in Europe and other markets around the world”....
...However, it would still be accepted in the paper recycling stream in the UK, Netherlands and Germany....
...H&M had backed Renewcell, another textile recycling start-up, but it went bankrupt last month. “It is not easy,” Daniel Ervér, H&M’s new chief executive, told the Financial Times....
...But key recycling policies and strategies are also needed. These include regulations on the level of recycled content in end products and on final recovery rates for materials at end of life....
...Electronic waste, such as old laptops, phones and smart devices, is a fast-growing sector, according to Aurubis, one of the world’s largest recycling companies, and the World Health Organization....
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...Packaging waste in the EU has increased about 20 per cent between 2009 and 2020 — a rate much faster than the bloc’s economic growth — to an average of 177kg per capita, despite an increase in recycling....
...executive in the water and wastewater recycling sectors....
...of Airbnb and Uber.”...
...However, the sector is not out of the woods with industrial production still down 4.9 per cent from a year ago and down nearly 8 per cent from the pre-pandemic peak....
...“A combination of extraordinary growth in demand for metals, the need to reduce industrial emissions and elevated energy security concerns will all underpin a prolonged surge in investment in recycled metal...
...Others, such as Swedish miner Boliden and Mitsubishi Materials, have European metals recycling facilities....
...The growth comes as the country’s airlines and airports have invested in upgraded infrastructure and fleets, and were quick to bring back capacity following the pandemic....
...Consumption has quadrupled over the past 30 years, says the OECD, driven by packaging, consumer products and textiles. And we have not made much progress on recycling and reuse....
...A steep increase in petrochemical production in China and the US has led to a global oversupply of industrial chemicals used in plastics, sending the price of new material so low that its recycled alternative...
...“We have invested massively in recycling capacity, which is currently idle due to a lack of demand [because] competition from recycled materials from low-cost countries is already an industrial reality,”...
...Seto said the government was confident in appetite for nickel batteries, which have higher recycling potential and better performance than lithium iron phosphate batteries....
...In July, the European Council adopted the “battery passport”, which will introduce a mandatory minimum level of recycled materials for EV and industrial batteries by 2031....
...the momentum and recovery”....
...Northvolt cemented its position as Europe’s best-funded start-up as the Swedish battery manufacturer raised $5bn in debt financing to help it expand its first gigafactory and build a recycling facility on...
...Yet Tesla’s autonomous driving software still requires drivers to keep their hands on the steering wheel and their eyes on the road....
...*DuPont, Chemours and Corteva are the spun-off remnants of former US industrial giant EI DuPont de Nemours & Co, founded as an early domestic munitions supplier (gunpowder mill) by a French aristocrat feeling...
...Mycocycle is a five-year-old start-up that uses fungi to transform industrial waste into new raw materials. Earlier this year it raised $2.2mn in seed funding to scale its business....
...One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
...Battery recycling specialists such as Redwood Materials and Li-Cycle needed to secure a steady supply, particularly when the main source of EV batteries became old cars rather than duds from battery-makers...
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