The Vinyl Institute (VI), a U.S. trade association representing the leading manufacturers of vinyl, today announced the formation of VIABILITY, a first-of-its-kind, industry-wide recycling grant program aimed at accelerating post-consumer PVC recycling across the country. The grant program will make available up to $1 million in funds each year over the next three years from four PVC resin manufacturers in the U.S. (Formosa, Oxy, Shintech, and Westlake).
“Each year, more than 1.1 billion pounds of vinyl material is recycled in the U.S. and Canada. However, post-consumer material accounts for less than a fifth of that total,” said Ned Monroe, president and CEO of the Vinyl Institute. “We can do better, and we will. With VIABILITY, we are demonstrating VI’s commitment to help the industry reach its goal of increasing post-consumer recycling volume to 160 million pounds by 2025.”
Individual grants issued through VIABILITY are available to qualifying industry collaborations such as trade associations, material recovery facilities, construction and demolition waste facilities, recyclers, or colleges and universities in amounts up to $500,000. The funds may be used for the purchase of equipment, process investments, research and development, educational programs, and program management that supports long-lasting and sustainable recycling of vinyl products. A seven-member grant committee of the Vinyl Institute will choose recipients of the grants.
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Published Jan 17, 2023 7pm EST / 4pm PST / 12am GMT / 1am CET