EuRIC Press Release – Decisive actions needed to support plastics recycling in Europe

The European plastics recycling industry has been severely impacted by the COVID-19 pandemic. Plummeting oil prices have resulted in a sharp decline of virgin plastics prices.

The two-tier market witnessed in the current crisis where plastics used in applications not subject to binding sustainability targets sees their prices driven by short-term cost-savings offered by the crash of oil values versus plastics used in applications benefiting from sustainability targets whose price-setting follows a positive trend, regardless of the crisis, is the ultimate proof of the need to set targets of incorporation of recycled materials in new products, emphasized Sophie Sicard, Vice-President of EuRIC Plastics’ Recycling Branch (EPRB).

Source and full EuRIC press release:

https://www.euric-aisbl.eu/position-papers/download/695/393/32


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