PRNs

The Recycling Group at the British Plastics Federation has proposed that the producer responsibility system governing packaging recycling should be increasingly weighted in favour of UK recycling.

Fears are growing that plastics recycling targets will be harder to meet after first quarter packaging figures showed a sharp decline.

There has been support from much of the recycling industry for the higher packaging targets announced in the Budget yesterday.

New trade body the Resource Association has said it supports the Government’s proposed higher packaging targets, but has expressed concern about the operation of the PRN/PERN system.

Compliance scheme and recycling solutions company Valpak has announced proposals on a restructure that would see it 70 per cent owned by its management and 30 per cent owned by German compliance scheme owner Greenpoint.

The price of some packaging recovery notes has dropped lower, while paper has widened its spread a little.

Packaging recovery notes will be issued by scrap dealers for the first time, following the release of new guidance from the Environment Agencies.

In what is typically a quiet month for PRNs, scrap-ex are reporting that decent volumes have been traded in the past week.

The management of Valpak have proposed a buyout of the company to its members.