AISI estimates that finished steel accounted for approximately 18% of the U.S. market in July, bringing the year-to-date market share to an estimated 20%.

The facility spans 5,000 square meters and features integrated systems for sorting, cleaning, and processing plastic waste into reusable materials.

The company claims to recycle an average of 789 PET bottles every second, converting them into high-quality recycled PET (rPET) resins and other circular materials used in packaging, textiles, and consumer goods worldwide.

PNE plans to triple the facility’s capacity to 15,000 tpa by 2026, with scalable potential up to 50,000 tpa based on market demand.

Negotiators aim to deliver the world’s first legally binding agreement to curb plastic pollution.

The new facility will be capable of processing up to 62,000 tons of single-stream recyclables annually with minimal human oversight.