Earlier quoted context omitted.
Recycling is carbon neutral - it doesn't cause co2 to be released nor does it sequester any. You can argue that the process itself generates co2, but so does producing virgin plastic.
How is recycling plastic carbon neutral? The amount of energy required to chew/melt/process the plastic, the energy to transport the recyclables to the processing facility, and then the transportation costs to ship the decycled material to the buyer(s)?
It's carbon neutral compared to the alternatives.