The product is made from recycled agricultural film.
Geminor, a Norwegian resource management company, said it played a role in introducing a new stretch film that was developed from 100% recycled plastic raw materials recovered from agricultural applications.
The company said that hundreds of thousands of tons of linear low-density polyethylene (LLDPE) stretch film is used to pack animal feed on European farms.
Geminor’s customer and development manager Bjorn Haaland said: “We have been dealing with plastic waste from agriculture for a long time, and have always wanted a climate-friendly solution to deal with plastic waste. Now, we have found one with many partners. This is a process that ensures that the stretched film can be reused completely and effectively."
The company stated that it collects agricultural plastics and sends them to production plants where they undergo quality inspections and undergo cleaning and preparation processes. The LLDPE film is then processed as a raw material for the production of new stretched films.
Haaland said that the film was first used to package waste products and is now also used to package agricultural products.
"We have tested new and recycled plastic films in terms of UV resistance, tensile strength, puncture resilience, and handling. We have also tested them in a production environment between -20 degrees Celsius and 30 degrees Celsius, and compared them with our Together, the partners try to develop the most powerful products. In terms of quality, the large packages of plastic we recycle do not lag behind the original plastics," he said.
"When you have fully recyclable and powerful alternatives, it doesn't make sense to use plastic made from virgin raw materials-and the price is reasonable," Harland added.
Geminor has logistics centers and offices in Scandinavia, Finland, the United Kingdom, Germany, France, Poland and Italy and employs more than 80 professionals. The company processed more than 1.7 million tons of raw materials in 2020 and signed contracts with more than 350 waste producers and 180 waste-to-energy and recycling facilities.
A number of regulations and proposed bills are affecting the paper and plastic commodity market.
Although the main focus of recyclers is the movement of materials, legislation and regulations in the United States and abroad continue to affect the commodity market.
During the 2021 Paper and Plastic Recycling Conference webinar series, Adina Renee Adler, Vice President of Communications at the Waste Recycling Industry Association (ISRI) in Washington, gave an overview of how international regulations and federal and state regulations affect the paper commodity market and plastic waste.
Regarding the international trade of waste paper and plastic waste, Adler said that ISRI has been paying close attention to several key markets.
Although China has closed its door to recycled fiber imports, she said that the association will continue to pay close attention to China's trade regulations.
"As you know, China has been promoting self-sufficiency in the past few years, creating a domestic, isolated circular economy, trying to improve their ability to obtain raw materials for manufacturers," she said. "But, of course, as we all know, how strong the Chinese economy is and how large is the scale of construction... (China) cannot meet all the demand for domestic resources... so they really need to continue to import recycled goods."
Adler pointed out that China is implementing quality standards for imported scrap metal, adding that the association will track whether similar waste paper will appear in the future.
Malaysia is another major market for paper and plastic waste and has implemented waste import requirements similar to China. Adler said that Malaysia has been participating in stakeholder outreach activities when formulating waste import guidelines specifically for metals and paper scraps.
In terms of paper, she said that Malaysia plans to continue to comply with the European BS EN 643:2014 standard for recycled paper. Adler said Malaysia is expected to recognize that different grades of paper scraps need to follow different standards based on quality. She added that the state plans to implement zero tolerance for its so-called "regular waste" (including plastic and other waste).
Indonesia is also actively updating its waste paper import regulations. This summer, the country confirmed that it will accept a ban on imports of waste paper of up to 2%. Adler stated that Indonesia should provide pre-shipment inspection agencies with guidance on this update, although it has not happened as of late October.
In the United States, many activities are underway at the state level, and most of the regulations are related to extended producer responsibility (EPR) and recycling content requirements.
"Countries have been very active on a series of policy issues," Adler said. "You can see that many states have introduced or are considering EPR legislation, which is driven by the need to increase recycling, and as municipalities are affected by market changes, looking for ways to help pay for it."
Maine and Oregon passed the EPR bill earlier this year. Adler said that some other states have similar legislation, including California, Colorado, Connecticut, Maryland, New Hampshire, New York, Pennsylvania, Vermont and Washington state.
Similarly, she said, state legislators are discussing a recycling content bill to ensure that packaging contains minimal post-consumer recycling (PCR) content. Adler said lawmakers in Washington and New Jersey are considering mandatory requirements for recycling content. However, she said that as the EPR program gains more attention, these tasks may be shelved.
Adler stated that ISRI tends to oppose product regulatory programs, including most EPR proposals, because they interfere with the commodity market.
"We hope [the] supply and demand parts of our economy and market move materials to where they are needed," she said. "But we do understand that these bills are about to be introduced, and many of the proposals include so-called [a] producer responsibility organizational structures. We want to ensure [in these bills] that it is recognized that infrastructure already exists and can be fully utilized."
Following a similar line of thinking, in response to brand owners’ need to develop recyclable packaging and packaging containing recycled content, Adler stated that ISRI is developing a recyclability protocol for fiber-based packaging.
"There are so many tags, it's hard to know if there are teeth behind them," she said. “At ISRI, we are developing a standard to clearly identify recyclable packaging. The idea of doing this is to simply reduce people’s confusion about recyclable and non-recyclable, and their decision to put the packaging in the trash bin will lead to recycling. "
Adler said the agreement will first consider setting standards for fiber-based materials that will eventually enter the residential recycling stream. The association formed a brand committee with several major brands to help set standards.
Adler said that at the state level, ISRI has noticed more environmental justice (EJ) related activities.
The Environmental Protection Agency defines EJ as "the fair treatment and meaningful participation of all people regardless of race, color, nationality or income in the formulation, implementation, and enforcement of environmental laws, regulations, and policies."
New Jersey lawmakers have passed an EJ bill in the fall of 2020.
"What New Jersey is doing is that they are targeting businesses in what they call an overburdened community, and by solving this problem, they will apply additional licensing requirements [and] also require companies seeking these licenses to be in compliance Address the issue of environmental justice," Adler said. "Especially New Jersey does clearly identify scrap metal facilities and solid waste facilities as public health stressors. We are now working with the New Jersey Department of Environmental Protection to implement the bill."
She added that more than 20 other states have also introduced similar legislation. She said that these bills will not only increase the licensing requirements for scrap metal facilities, but also increase the licensing requirements for facilities that handle solid waste and plastic waste.
The paper and plastic recycling conference webinar series will be broadcast from October 20th to 21st and October 26th to 27th and can be watched on demand. Learn more at http://paperplasticsna.recyclingtodayevents.com/schedule.
The company said that the revised outlook follows the continued strengthening of key indicators in the third quarter.
LKQ Corp. provides a wide range of recycling and after-sales parts, replacement systems, components, equipment and services to repair and spare cars, trucks, and recreational and high-performance vehicles. The company reported its results for the third quarter of 2021 and stated that The company's key indicators of total revenue, departmental profitability and free cash flow. The company has operations in North America, Europe and Taiwan. It has also revised its outlook for this year and updated its diluted earnings per share (EPS), adjusted diluted earnings per share, free cash flow, and 2021 full-year pre-interest and tax segment earnings. Depreciation and amortization (EBITDA) in Europe.
"Our operational excellence program continues to drive LKQ's record-setting performance; this quarter, we recorded the highest third-quarter earnings per share and departmental EBITDA margin in the company's history," said Dominick Zarcone, the company's president and CEO. Headquartered in Chicago. "We are particularly satisfied with the performance of the European division, because its profit margin of 11.5% in the third quarter is the highest level in nine years. This performance validates our confidence in the 1 LKQ Europe plan, which supports it and promotes its implementation. The ability of the team."
LKQ’s third quarter revenue totaled US$3.3 billion, an increase of 8.2% from the US$3 billion in the third quarter of 2020. The company stated that this increase reflects the annualization of the impact of the pandemic in the third quarter of 2020. For the third quarter of 2021, organic revenue from parts and services increased by 4%, while the net impact of acquisitions and divestitures increased revenue by 0.5%, foreign exchange rates increased revenue by 1.5%, and total parts and services revenue increased by 6.1%. LKQ reports that, driven by rising scrap and precious metal prices, other revenues increased by 45.3% in the third quarter of 2021.
Net income in the third quarter of 2021 was US$284 million, compared to US$193 million in the same period in 2020, an increase of 46.8%. Diluted earnings per share for the most recently completed quarter increased by 50% compared to 2020, from 64 cents to 96 cents.
After adjustment, LKQ's net income in the third quarter was US$300 million, compared to US$228 million in the same period in 2020, an increase of 31.6%. Adjusted diluted earnings per share in the third quarter totaled $1.02, compared with 75 cents in the third quarter of 2020, an increase of 36%.
Total operating cash flow for the third quarter of 2021 was $429 million, compared with $1.4 billion for the nine months ended September 30.
On October 26, 2021, LKQ's board of directors announced the company's first quarterly cash dividend. A quarterly dividend of 25 cents per share will be paid to shareholders of record on December 2 at the close of business on November 11.
Varun Laroyia, Executive Vice President and Chief Financial Officer, said: "We are increasing our outlook for the full year 2021-this clearly demonstrates our team’s ability to drive operational excellence in an operating environment that includes challenging inflation and supply. Capability chain pressure. Our announcement of the first quarterly dividend reflects our confidence in our strategy and business strength, and emphasizes our commitment to provide shareholders with long-term value, while continuing to allow share buybacks."
For 2021, LKQ stated that its management expects this revised outlook:
A Canadian scrap company and a steel manufacturer formed a joint venture to prepare for Algoma's potential electric arc furnace capacity.
Triple M Metal in Brampton, Ontario, Canada, and Sault Ste. Algoma Steel Group Inc. in Mary, Ontario, said they have established a joint venture (JV) called ATM Metals Inc. The joint venture aims to purchase high-quality ferrous metal scrap and other iron equipment to meet Algoma's business needs, including the potential to transition to electric arc furnace (EAF) steelmaking.
"By combining the experience and expertise of Algoma and Triple M, we believe we can build a powerful supply chain solution to meet the iron installation needs of today and tomorrow's enterprises," said Algoma CEO Michael McQuade.
Chris Galifi, Chief Operating Officer of Giampaolo Group Inc., Triple M’s parent company, commented: “Algoma and Triple M have a long history of cooperation, so this joint venture is a match made in heaven for both organizations.” In the steel economy, Including the procurement, processing, manufacturing and recycling of metals. "
Algoma Steel stated that its current crude steel production capacity for Sault Ste is as high as 2.8 million tons. Mary Basic Oxygen Furnace (BOF) complex facility. When the company changed ownership in May, McQuade commented: "We will continue to evaluate our strategic options, including the potential for substantial investment in EAF steelmaking."
Triple M Metal describes itself as one of the largest private scrap metal recyclers and processors in North America, with more than 40 branches in Canada, the United States and Mexico. The parent company Giampaolo Group Inc. also produces secondary aluminum under the name of Matalco.
The consortium has contacted policymakers in Brussels to boycott the EU's proposed export restrictions on scrap steel.
As the European Union announced and hinted at the goals, objectives and policies of the circular economy, some recyclers warned that there are signs that policymakers in Brussels may be considering an export ban on waste. These warnings seem frustrating.
A letter dated October 26 was obtained by Recycling Today from a consortium of 27 industry associations and more than 260 companies. These consortiums signed a message sent directly to five EU officials, including European Green Environmental Protection. Organize the transaction for Frans Timmermans, Executive Vice President.
The letter lists the Brussels-based European Federation of Recycling Industries (EURIC) as the lead author, and its theme is "Protecting the Free, Fair and Sustainable Trade of Recycling Materials (RMR)-a proven appeal from the European recycling industry ."
This nine-paragraph letter depicts the unintended consequences that the consortium believes may result from the export ban on scrap or RMR. In the EU, for regulatory purposes, scrap or RMR is still (untimely, critics believe) defined as waste.
The organization said that such a ban will lower prices and reduce the enthusiasm for collecting scrap metal, paper and plastic, which will have a ripple effect.
The organization stated that the removal of Europe from the global secondary commodity market would “have a negative impact on the competitiveness of RMR, thereby bringing additional advantages to the extracted raw materials, and its negative externalities [CO2 emissions, land use and mining Large amounts of residues] are not internalized at market prices and are not subject to any trade restrictions under EU law."
The group continued, “Due to the lack of a competitive end market for RMR, the incentive to collect, recycle, and invest to expand recycling capacity will decline, putting the ability to achieve the current recycling targets set by legislation at risk."
EURIC and more than 260 other signatories ended this letter by asking senior Brussels officials to consider three actions to safeguard the health of the European recycling industry: 1) Abandon the “one size fits all” export solution and instead focus on 2) “Maintain the free and fair trade of RMR within and outside the EU, which is crucial to the competitiveness of the European recycling industry;” 3) “Implement a stable legislative framework to implement RMR Appropriate classification and reward the environmental benefits of recycled materials."
The metal recycling companies signatories to the letter include ALBA, Scholz, and Cronimet, which are headquartered in Germany; Fort Derek, France; EMR Ltd., which is headquartered in the United Kingdom; Galu, Belgium; Oryx, which is headquartered in the Netherlands; and Stena Metal, Sweden. The contracted high-volume recycled fiber and plastic recycling companies include the French-based Paprec Group; Germany-based Documentus; and the British Recycling Association.