Episode 1145: Think Tank: Plastic recyclers need maximum protection as chronic overcapacity hits virgin markets
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