War on plastic waste faces setback as cost of recycled material soarsPosted on October 14, 2019 by DrRossH in Plastic Waste News
Europe’s manufacturers face $250m-a-year hit as rising demand drives up price
In recent months, the price of recycled plastic flakes, used to make goods from soft drink bottles to glitter, has become more expensive than virgin plastic for the first time.
For years the cost of making plastic products from recycled flakes was cheaper than relying on virgin plastics made using fossil fuels, meaning the sustainable option was an economic option too.
But according to experts it is now cheaper for major manufacturers to use new plastic.
The irony is amazing. It points more and more to needing a plastics tax to drive the use of recycled plastic first or to seek alternate materials.