Chinese Firms Snap Up U.S. Sites to Process Scrap
Date: Monday, October 29, 2018
Source: Wall Street Journal
Pellet, paper makers buy and build plants to reconfigure waste too dirty for export to China
Chinese companies are setting up shop in the U.S. to obtain the scrap paper and plastic their government has deemed too dirty to import.
U.S. shipments to China of old cardboard, newspaper and discarded plastic slowed after China this year implemented more-stringent standards on the purity of imported scrap. That change has left Chinese packaging companies and plastics manufacturers short on materials.
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