Transitional PRNs buoy the market

The data published on the EA website shows a significant number of PRNs (Packaging waste Recovery Notes) from December 2016 will be used to meet the 2017 obligation across all materials. When combined with the figures released a month ago, the picture looks particularly rosy.

PRNs issued in December are often referred to as “transitional” due to the fact they can be used to meet obligations in the current or following year. The data shows that there was more than enough capacity in the UK to meet 2016 packaging recycling targets and the fact that there was a surplus of PRNs in 2016 will now buoy 2017 recycling figures. There are also nearly 40 recyclers and exporters yet to report their figures, so the outlook could well be even better.

It’s welcome news to see the UK meeting recycling targets, especially with target increases continuing over the next few years. With more and more producers looking to understand the impact their PRN money is having, made possible through the transparent PRN platform Circularety, it’s important that the country continues to meet targets and build infrastructure.

The figures below show nearly 65,000 tonnes of plastic PRNs were carried into 2017, which is nearly double the amount that was carried into 2016.

To discuss how this news may affect your packaging compliance, please contact our team on 0333 4330 370 or email info@ecosurety.com.

---

---