Change in glass recycling target!

The packaging recycling target for glass was previously set at 81%. ecosurety provided feedback during the consultation, explaining that we would like the target to be lowered, so that it reduces the cost of compliance for our members.

The ecosurety team have been eagerly awaiting confirmation of the 2014 target and we now have confirmation that the target for 2014 has been amended to 75%, with an increase in the remelt PRN target to 65%, from 63% in 2013. (This means that producers’ total glass obligations will decrease overall and at least 65% of PRNs have to be purchased via remelt.)

The targets will be increasing by 1% each year moving forwards, meaning that the overall recycling target will be 76% in 2015 and 77% in 2016. The remelt target will be increased to 66% in 2015 and 67% in 2016.

We are pleased with this outcome overall, as it is lowering our members’ obligations and we are hoping it will remove some of the pressure on the PRN market. Shortage in supply of PRNs over the past two years has meant that the market has been turbulent and we have seen prices remain consistently high.

There are still other factors which may impact the PRN pricing during 2014, but we feel that this is a positive step towards removing some of the volatility in the market. The ecosurety team will be working closely with our members to provide further information about how this will affect your obligations.  As always, we are confident that our pricing will remain competitive against other schemes and the market average throughout the year.

If you would like any further information about how the changes will affect your business, please email info@ecosurety.com or call us on 0845 094 2228.

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