Rising Oil Prices Make Plastic Recycling More Valuable

The cost of plastic is following the rise in oil prices, boosting the value of recycled plastic. When oil hit $66 per barrel recently, almost double the price of a year ago, a shipment of recycled milk jugs climbed to 28 cents per pound, up from about 15 cents a pound. Since plastic is made from oil, along with natural gas, increases in those prices are generally matched by increases in the price for recycled plastic. Despite the value of recycled plastic, it remains largely untapped, and percentage of plastic recycled is still very low.

One Response

  1. i thought your blog was cool and i think you may like this cool Website. now just Click Here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: