News from Foam Cycle, Sirmax Group and more

CVS will pay the California Department of Resources Recycling and Recovery (CalRecycle) $1 million after it was fined in 2019 for failing to redeem bottles and cans at stores. CVS will also install 20 reverse vending machines at stores in unserved areas of the state. 

Closed Loop Partners released its 2021 impact report, reporting that in 2021 it had over $400 million in assets under its management and kept 3.8 million tons of material in circulation. 

Foam Cycle, which supplies a foam packaging recycling system for use at outdoor municipal drop-off centers, was issued a utility patent by the U.S. Patent and Trademark Office.

Machinery manufacturer Harris is expanding its Cordele, Ga. facility with a 14,000-square-foot machine shop that will have CNC machining centers and central meeting and training spaces. 

A number of Indorama Ventures executives have resigned amid an insider-trading investigation. 

Italian company Sirmax Group opened a post-industrial PP recycling plant in Anderson, Ind., the company’s second U.S. plant and the 13th globally. 

Stopford and the University of Birmingham have been awarded funding from U.K. Research and Innovation’s (UKRI) Smart Sustainable Plastic Packaging (SSPP) Challenge to enable further development of a process for the recycling of mixed plastics using supercritical water as a solvent.