Flexible Coalition (Cont’d from Page 1)
the life cycle benefits of plastics, including a 65 percent reduction of energy used, a 59 percent re- duction in water consumption, and a 71 percent reduction in global warming potential compared to virgin plastics. Plastic recycling organizations, brands and local stakeholders will also provide financial support to Myplas for the development of its recycling facility in Rogers. Multi-million-dollar debt financing will be provided by The Alliance to End Plastic Waste and Closed Loop Partners, and the Minnesota De- partment of Employment and Economic Develop- ment will provide $1 million through the Minnesota Investment Fund and $450,000 from the Minnesota Job Creation Fund. Silver Fox Installs Nilpeter FB-Line Silver Fox Ltd., reportedly the UK’s only car- bon-negative manufacturer of cable labels, has ac- quired its first Nilpeter printing press, an FB-Line complete with a UV-LED system. The company develops, manufactures, and sup- plies cable, wire, and equipment labeling solutions used in a wide range of industrial sectors around the world.
As part of the initiative, MBOLD members have invested in a flexible film recycling plant in Rog- ers, Minnesota, which will be established by Myplas USA. Slated for completion in the first half of 2023, the 170,000-square-foot facility will use mechanical recycling methods to recycle an estimated 90 mil- lion pounds of low- and high-density polyethylene packaging films per year. General Mills, Schwan’s Company and Charter Next Generation led a combined $9.2 million equi- ty investment in the new Myplas facility, which was also supported by Target and Ecolab. The facility is expected to employ 300 people at full capacity. Aside from the production of PCR resins for re- use in a variety of new packaging products, the partnership aims to curb plastic waste and reduce greenhouse gas emissions by extracting value from otherwise wasted flexible films. According to MBOLD, between 12 billion and 15 billion pounds of flexible packaging and films are used in the United States per year across a wide range of industries. It is estimated that only 5 per- cent of these flexible films are recycled each year, with the rest winding up in landfills, the environ- ment, or being incinerated. According to The Association of Plastic Recyclers, recycled polyethylene or PCR resins can improve
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