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Aluminium Packaging Recycling in UK Exceeds 2019 Target-The 21st China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
3/3/2020 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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Provisional data published by the Environment Agency has indicated that aluminium has exceeded the 2019 packaging recycling target of 112,200 tonnes (61%) and 114,748 tonnes collected for recycling, an impressive 15% increase on 2018. The data indicates that Q4 was the strongest quarter of the year and the highest ever reported across the 12-month period with approximately 34,000 tonnes of aluminium packaging being recycled. This exceeds the target and is anticipated to provide a significant carry forward towards next year’s increased targets (61% in 2019 vs 64% in 2020).
Quarterly data released by the Environment Agency in 2019 consistently suggested that a significant volume of Packaging Recovery Notes were being raised but not issued. This resulted in inflated PRN prices, peaking at over GBP 500 per tonne and undermining the credibility of aluminium as a material with enviable recycling credentials. The provisional data reinforces this position, indicating a surplus of at least 6,000 tonnes of recycled material over and above the target requirement.
Rick Hindley, Executive Director for Alupro said, “The data clearly demonstrates another impressive increase in the volumes of aluminium packaging collected and recycled – we anticipate that the final reported figure will be higher, which has been the case in previous years. It is excellent news that the target has been exceeded and the sustained growth of aluminium packaging recycling continues, but the data again clearly suggests that the aluminium PRN market has been distorted. The abnormally high PRN price has significantly impacted producers and once again brings into question the system itself. Aluminium is a sustainable material, yet the market distortion caused by organisations holding back PRNs in order to force prices to artificially high levels, undermines the aluminium packaging industry. We are eager to see what additional investment to support further increases in aluminium packaging recycling and collection will result from the hugely increased revenues received by some aluminium recyclers and exporters last year.”
壓鑄展-鑄造展-2020第二十一屆廣州國際壓鑄、鑄造及工業(yè)爐展覽會-中國最受關注的壓鑄鑄造展會-巨浪展覽
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