News & Events – Page 3 – POLYRETEC Plastic Recycling System

Recycled plastic market to be worth over US$ 30 billion by 2025

Persistence Market Research (PMR) in its upcoming report titled ‘Recycled Plastic Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’, projects the recycled plastic market to be worth just over US$ 30 billion by 2025. The polyethylene terephthalate and high density polyethylene resin types had a market share approaching 2/3rd of the recycled plastic market and should gain 180 and 40 BPS respectively, largely at the expense […]

China will allow the import of high grade PET flakes

Materials falling under category A, B and C as defined in Textile Industry Standard of the People’s Republic of China: Regenerated Polyester (PET) Bottle-Grade Chips (FZ/T 51008-2014) that meet the criteria can be imported as ordinary goods – without a license. It is interesting to note that in the document, reference is made that “any material that does not need to be restored and processed for its original use purpose […]

China: high-grade PET does not need license

BIR has received information that the Chinese Ministry of Ecology and Environment has officially replied to the General Office of the General Administration of Customs, confirming that the import of high-grade PET as ordinary goods is allowed and in accordance with general trade regulation. Materials falling under category A, B and C as defined in Textile Industry Standard of the People’s Republic of China: Regenerated Polyester (PET) Bottle-Grade Chips (FZ/T […]