ICIS Launched New Tracking System for Global Plastic Market

SEATTLE (Scrap Monster): ICIS- the UK-based intelligent service provider announced development of a new service, aimed at boosting visibility in global plastic market. The newly developed “Recycling Supply Tracker” provides a comprehensive view of the sector. The database stores wide range of information such as production capacities, output volumes, feedstock source and site status among others.

According to ICIS, the Recycling Supply Tracker service tracks four grades of recycled plastics- high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET) and polypropylene (PP). It covers over 1,800 medium to large recycling facilities around the world, including their location and contact details, in addition to the type and quantity of products from these facilities.

ALSO READ:

BVSE Says Tough Market In Store for Global Plastic Recyclers

Europe Lags Behind in Plastic Bottle Collection Target Set by EU

The filtered search option helps to refine search by region, country or product. The service lists out the current status of the project, as to whether they are currently in operation, under construction or announced.

Louise Boddy, head of strategy, sustainability, at ICIS noted that the tool provides an outline of the world’s plastics recycling infrastructure, which will be of immense use to regulators, investors and companies. It will help companies source recycled resins globally. Furthermore, the global database brings in transparency and support the transition to a circular economy, he added.