Business Recycling of plastic is not worth it currently

Recycling of plastic is not worth it currently

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Your Problem: as a result of The corona crisis, low Oil prices also caused the prices for plastic to break. For the industry, it is therefore cheaper to use new plastics as recycled plastic.

The plastic prices have slumped by almost 50 percent and 70 percent of the companies that recycle plastic, would be idle because there are no markets.

The Association of Austrian waste disposal companies (VOEB) urges climate Minister Leonore Gewessler (Green) a mandatory minimum replacement ratio of recycled plastic in the industrial production. Currently covered in Austria, around ten percent of plastic production by Recyclates. The “European plastic Pact” provides for a 30 per cent.

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