War on plastic waste faces setback as cost of recycled material soars
Europe’s manufacturers face $250m-a-year hit as rising demand drives up price
“Due to a flood of petrochemicals production from the US driven by the shale gas boom” the cost of recycled plastic is now higher than virgin plastic, reducing companies’ incentives to buy recycled.
"According to experts, it is now cheaper for major manufacturers to use new plastic". This doesn't bode well for the planet this #PlasticFreeFriday 🌍
We need more recycled plastic. We need a better supply chain. The demand is there, time to invest in the supply.