Episode 1145: Think Tank: Plastic recyclers need maximum protection as chronic overcapacity hits virgin markets
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Governments must do much more to protect recycled polymer producers in the West as rising oversupply in virgin markets, led by China, threatens to undermine their business model. - Europe recycled polyethylene terephthalate (PET) producers face existential threat- Feedstock prices soar while subdued demand, price of virgin, caps selling prices- Growing global overcapacity depresses prices, margins for virgin plastic producers- Recycler margins threatened, prospect of closures or bankruptcies- EU’s single use plastics directive targets are not compulsory - Lack of clarity on EU’s Packaging and Packaging Waste Regulation- More trade barriers needed to protect polymer recycling sectors