Avangard Innovative LP

WM agreed to acquire a controlling interest in Avangard Innovative's U.S. business, which will operate as Natura PCR, an independent company expected to scale recycling capacity to produce 400 million pounds per year of post-consumer resin in five years.

Kent secured a three-year master services agreement with Avangard Innovative to provide project management and engineering services for plastic recycling facilities in the United States, producing post-consumer resin pellets.

Honeywell announced its intent to form a joint venture with Avangard Innovative to build an advanced recycling plant in Waller, Texas, using Honeywell's UpCycle Process Technology. The facility is expected to transform 30,000 metric tons of mixed waste plastics into recycled polymer feedstock per year, with production anticipated to begin in 2023.

Avangard Innovative LP will invest $10 million in a new 35,000-square-foot plant to recycle LDPE film at its existing site in Houston. Construction begins in June 2017, production in August, and full capacity by October. Annual processing capacity will be 48 million pounds.