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MacroCycle inks deal with Meta to fund low-carbon plastic recycling plant in the US

Market News
22 Sep 2026
TechCrunch
View Source
Bullish
MacroCycle inks deal with Meta to fund low-carbon plastic recycling plant in the US

MacroCycle, a plastics recycling startup, has partnered with Meta to accelerate the development of its first commercial recycling plant in the US. The startup's technology reduces carbon emissions by 80% compared to new PET plastic by using a solvent-based process that purifies plastic waste into high-quality recycled material. Meta will pay MacroCycle for environmental attribute credits, allowing Meta to count the emissions reductions toward its carbon footprint goals amid rising AI-related emissions. This deal provides MacroCycle with funding to build a plant producing 5,000 metric tons of recycled plastic annually, with plans for larger future plants. The partnership aims to grow the market for low-carbon plastics, supporting sustainability in Meta's supply chain and beyond.

MacroCycle's plastics recycling startup is the subject of this news. For readers following Basic Materials-sector US stocks on Pluang, here is the market snapshot as of Sep 22, 2026 17:41 WIB: out of 34 stocks, 14 rose and 19 fell. AngloGold Ashanti Limited (AU) traded at USD 100.60 with a 1-day change of -1.30%, Freeport-McMoRan Inc (FCX) at USD 72.96 with +1.15%, and Lithium Americas Corp (LAC) at USD 2.99 with +1.01%.

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SanDisk stock poised for 37% rally as AI demand boosts NAND Flash tech outlook

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SanDisk stock, currently near $1,755, is expected to rise up to 37% over the next year, reaching a target of $2,400 according to Rosenblatt Securities analyst Kevin Cassidy. This optimism is driven by SanDisk's key role in the evolving NAND Flash mar...

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Power Metallic extends high-grade copper mineralization at Lion deposit beyond previous depth limits.

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Seagate shares soared from $207 to $1,144 in a year, with potential to reach $1,500 in 2027 amid strong growth.

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Seagate Technology's stock surged from $207 to a 52-week high of $1,144, driven by strong demand in AI infrastructure and cloud storage. Despite a recent 10% pullback, analysts remain bullish, with a consensus target around $1,125 and some forecasts ...

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QIMC identifies strong helium zones in Nova Scotia, expanding exploration with seismic surveys and denser sampling.

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