As world leaders debate fossil fuel reliance at the COP28 climate summit, waste management innovators invest in sustainable practices and the reuse of plastics. Republic Services (RSG) CEO Jon Vander Ark tells Yahoo Finance that of 5 million items collected daily, plastics and cardboard dominate all which rely on fossil fuel usage for creation. While recyclables get reprocessed into products like carpets, Vander Ark notes these ultimately reach landfills too. However, Republic's new Las Vegas Polymer Center aims to achieve "true circularity” — bottles remade endlessly into new bottles. Vander Ark says the facility will help overturn current shortages in sustainable recycling infrastructure. Alongside corporate and regulatory pressures around ESG, he describes the Polymer Center as pivotal for scaling the reuse of plastics. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Republic Services, Inc. (NYSE: RSG) today marked the opening of its Polymer Center in Las Vegas, the first-of-its-kind facility in North America, enabling greater circularity for plastics and helping meet growing demand for recycled material. The Polymer Center expects to produce more than 100 million pounds of recycled plastics each year for use in sustainable packaging and other applications.
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