X

Q4 2014 packaging data shows obligations met

Statistics released on Thursday 12 March show that the packaging obligations for 2014 have all been met, according to the National Packaging Waste Database.

Quarter 4 recycling figures show a large carry over in glass and plastic PRNs into 2015. Carry over can occur when tonnage is purchased in December; it can be used for meeting the obligation of the current year or alternatively put towards 2015 obligations.

Approximately 69,000 tonnes of glass and 65,000 tonnes of plastic were carried over into 2015. This is in contrast to around 13,000 tonnes of glass being carried over at the end of 2013 - the year which saw glass remelt prices rise to an estimated £80 per tonne.

In contrast, a far smaller amount of steel was carried over to 2015, nearly 24,000 tonnes, although the quarterly obligation of 87,500 tonnes was met comfortably. The size in this tonnage means it is unlikely there will be a reduction in the price of steel PRNs.  

What does this mean for producers?

This is significant for producers, as it could mean falling PRN prices.

James Piper, Commercial Director at ecosurety, commented “It is great news for producers that the 2014 obligations have been met and created a healthy carry in position for 2015. This should lead to an immediate decrease in price across the more volatile materials, particularly welcome for producers with high plastic obligations.”

 If you have any queries about this story do not hesitate to contact one of the team on 0845 094 2228 or email packaging@ecosurety.com.

 

2014 PRN figures

Source: Lets Recycle

 


Robbie Staniforth

Head of innovation and policy

Robbie is Head of policy and innovation at Ecosurety. Having spent the past few years building an intimate understanding of the industry’s policies and politics, he uses this knowledge to help shape new legislation and develop new services. He is a spokesperson for the company and regularly uses his influence to communicate the importance of environmental responsibility to external stakeholders.


Written by Robbie Staniforth Published 16/03/2015 Topics Compliance

Useful links


Danone join Ecosurety to boost recycling traceability

The new partnership has the objective of increasing investment in the existing UK recycling infrastructure and in stimulating investment in new sector innovation 

Read More >>

CMA publish draft consumer guidance and consultation on greenwashing

The Competition and Markets Authority (CMA) have released both draft guidance on consumer protection laws and a consultation for comment, concerning misleading environmental claims.  

Read More >>

Ecosurety assist development of new advanced plastic recycling plant

ReNew ELP are constructing the world’s first HydroPRS™ plastic recycling site, creating raw ingredients for infinitely recyclable new products from waste plastic in Wilton, Teesside

Read More >>

Get in touch