PET recycling industry in the US is continuing to evolve, with major drivers being recycled content mandates and 2025-2030 sustainability goals established by major consumer brands. While there have been major developments in the industry over the last few years and there are clear recent trends, we have to also acknowledge significant problems, both technical and commercial. Majority of industry stakeholders agree on what the problems are, but there is no agreement on the most effective actions and solutions. Mr. Delnik will discuss current state of the rPET industry that primarily serves packaging market, will describe the business of Circularix, and will also propose potential actions and solutions to strengthen the rPET industry so it can be sustained as an important element of circular economy.