RM_JULY5

Louisiana Law Supports Reduction Of Plastic

Louisiana Governor John Bel Edwards has signed SB 97 into law.This bipartisan legislation — which passed unani- mously —will modernize the State’s regulation of advanced recycling technology, a solution that helps reduce plastic waste. The law will reportedly help bolster local demand for recycling programs and centers, reduce the amount of plastic waste in Louisiana’s waterways and create new jobs within the state. It also paves the way for more investment in facilities that transform hard-to-recycle plastics into new high-value materials and products. Advanced recycling technologies enable recyclers to re- use hard-to-recycle materials that otherwise would go to waste, reducing the demand for new resources.When used in partnership with mechanical recycling, Louisiana will be better positioned to increase its recycling rate and contrib- ute to the U.S.national recycling goal of 50 percent by 2030. Louisiana is the 14th state to pass similar legislation in the United States since 2017.

National Fiber Supply Company

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Triple M Acquires Ontario Scrap Firm

Brampton, Ontario, Canada-based Triple M Metal JP has acquired Peterborough Iron & Metal (PIM), which operates scrap facilities in Peterborough, Port Hope and Minden,On- tario, in the eastern part of the province.

2 July 5, 2021 Recycling Markets

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