New US packaging laws could fuel demand for recycled material tracking tech

Several US states have recently passed laws to improve packaging sustainability. These new rules could boost the need for systems that verify recycled materials. SMX offers a solution that may meet this growing demand. New Jersey, Maine, Oregon, Colorado, Minnesota, Maryland, and Washington have all introduced packaging stewardship legislation. California’s SB 54 also requires manufacturers to join recovery programmes. Such laws may push companies to seek reliable ways to confirm recycled content in their products.

SMX has developed a method to embed an invisible molecular tag in materials. This identifier links to secure digital records. The records track origin, chemical composition, ownership changes, and processing details.

The company’s technology works with plastics, textiles, and other materials. It also connects verified recycled volumes to its Plastic Cycle Token system. However, SMX shares fell by 5.18% to $14.45 on the day of the announcement. The rise in environmental regulations could drive demand for SMX’s authentication tools. Its system provides detailed tracking for recycled materials. Market factors like oil price swings may also shape how businesses source plastics.