On August 30, 2020, as one of the last acts of the California legislature this year, the Senate unanimously passed Assembly Bill 793 requiring 50% post-consumer recycled content in plastic beverage bottles by 2030. The bill, signed into law by Governor Gavin Newsom on September 24, has been hailed as the most aggressive recycled content mandate in the world and is expected to serve as a bellwether for other states. Prior to the passage of AB 793, AMERIPEN had already been tracking 17 different bills related to recycled content in packaging across seven states. We recognize that the interest in increasing the supply and demand economics of recyclables is strong, and we anticipate 2021 will see further legislative activity along these lines.
