03.19.2024 - By ICIS - chemical podcasts
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