UK plastics recycling “critical situation” could affect France, Germany and Italy – UKPosted on April 9, 2015 by DrRossH in Plastic Waste News
A decline in the UK recycling plastics market resulting from the record-low oil prices could have implications overseas, including Europe.
The drop in oil price has driven down the cost of virgin materials – making them equally competitive with recycled alternatives.
At the end of last week, Chris Dow, CEO of the UK’s largest milk bottle recycling company, Closed Loop Recycling, told the Guardian newspaper that “without the support of the industry or the government it is inevitable we will go into administration”.
Dow added that: “We are collateral damage from the drop in the oil price.”
Political games around the world are having thee knock on effects that do more damage.