Independent Commodity Intelligence Services (ICIS), a commodity intelligence source for the energy, chemical, and fertilizer industry based in London, England, has developed and launched the Recycling Supply Tracker (RST) that provides companies looking to source recycled plastic a global database with information on production capacities, output volumes, feedstock source(s), and site status for plastic recycling facilities. The RST is designed to bring transparency and support the transition to a circular economy. According to ICIS, recycled plastic feedstock demand is greater than the supply, particularly for food-grade packaging plastics. This means that fast-moving consumer goods companies, manufacturers, and converters can’t source the feedstock required to meet both regulatory and sustainability goals.
The RST has details on more than 1,800 medium and large recycling facilities around the world and allows users to see information on four grades of recycled plastic: high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), and polypropylene (PP) in pellet, flake, and regrind forms. The RST was created to give information on where the plants are located, what they produce, and how much product they can supply. Searches for recycled plastic feedstock can be filtered by region, country, product, product color, and the feedstock source. The RST will also show if a plant is in operation, under construction, or announced, allowing for users to locate and source recycled feedstock to help them comply with various sustainability and circular economy goals that are posing a challenge to many companies right now. 4-21