Plastic Bottle Recycling – “Rising cost of polyethylene terephthalate threatens sustainability targets”

According to a January 16, 2022 Financial Times story “… Prices for the most common type of recycled plastic have doubled in a year to hit fresh records as companies vie for limited supplies, threatening ambitious targets set out by drinks and consumer goods groups … The cost of recycled PET last week overtook that for the virgin equivalent, as demand for the post-consumer product outweighed the impact of surging fossil fuel prices on the cost of newly-made plastic … Coca-Cola, PepsiCo, Nestlé, Keurig Dr Pepper and Danone are all targeting at least 25 per cent or more post-consumer recycled content in their packaging by 2025 … Several European countries are looking to introduce deposit return schemes for used bottles … the UK are also introducing extended producer responsibility, which forces companies to fund recycling services handling their packaging waste …” #PlasticWaste #SingleUsePlastic #Recycling