Washington, D.C. – The Plastics Industry Association (PLASTICS) President and CEO, Matt Seaholm, commended Novolex today, in response to an announcement of a $10 million investment to expand recycling of plastic bags and other polyethylene film at its recycling facility in North Vernon, Ind.
“Today’s announcement by Novolex is great news for the circular economy,” said Matt Seaholm, President and CEO of PLASTICS. “Not only will this investment create jobs for the community, but expanding recycling capacity, especially in flexible films, is very much needed; we applaud their commitment to future growth in recycling.”
“The PLASTICS industry is investing billions of dollars into recycling technology and continues to find solutions to make it easier for consumers to recycle more material, keeping valuable plastic in the economy instead of in a landfill,” concluded Seaholm.
Today’s investment in mechanical recycling will enable Novolex to produce up to 28 million pounds of recycled content, per year, to create new products made with post-consumer recycled content. The state-of-the-art equipment chosen for the expansion will be able to identify and sort a wide range of incoming materials such as plastic bags, pallet wrap, agricultural film and more, providing important flexibility in the range of potential incoming feedstocks. At full capacity, the plant will utilize up to 40 million pounds of polyethylene waste that will be diverted from landfills each year.
About Novolex:
Novolex develops and manufactures diverse packaging products for multiple industries in the foodservice, delivery and carryout, food processor and industrial markets that touch nearly every aspect of daily life. The Novolex family of brands provides customers with innovative food and delivery packaging and performance solutions products for their business needs today while investing in research and development to engineer more sustainable choices for the future. With more than 10,000 employee families, Novolex operates 57 manufacturing facilities in North America and Europe, including two world-class plastic film recycling centers. To learn more about Novolex, visit www.novolex.com.
About PLASTICS:
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, representing nearly one million workers in the $395 billion U.S. industry. Since 1937, PLASTICS has been working to make its members and the industry more globally competitive while advancing recycling and sustainability. To learn more about PLASTICS’ education initiatives, industry-leading insights and events, networking opportunities and policy advocacy and the largest plastics trade show in the Americas, NPE: The Plastics Show, visit plasticsindustry.org.