PRN sector waits for glass decision

The market for glass packaging recovery notes (PRNs) has ‘slowed to a standstill’ while producers await the outcome of Defra’s consultation on whether to amend glass packaging recycling targets.

Industry sources told letsrecycle.com that trading had been affected as the industry awaits the decision from Defra over a possible change to the glass recovery target, which is expected to be revealed by the Chancellor in the Budget on March 19.Many compliance schemes would like to see a reduction in the targets to more accurately reflect the marketplace, after a report published by ACP in October last year suggested the amount of glass on the market had been overstated by around 350,000 tonnes.Read more here.The market for glass packaging recovery notes (PRNs) has ‘slowed to a standstill’ while producers await the outcome of Defra’s consultation on whether to amend glass packaging recycling targets.  

Industry sources told letsrecycle.com that trading had been affected as the industry awaits the decision from Defra over a possible change to the glass recovery target, which is expected to be revealed by the Chancellor in the Budget on March 19.

Many compliance schemes would like to see a reduction in the targets to more accurately reflect the marketplace, after a report published by ACP in October last year suggested the amount of glass on the market had been overstated by around 350,000 tonnes.

Read more here.

600450 PRN sector waits for glass decision glassonweb.com
Date: 27 February 2014
Source: www.letsrecycle.com

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