Europe’s plastics recycling industry experiencing uncertainty, says BIR

A ‘feeling of uncertainty’ is permeating the European plastics recycling industry owing to the impact of Covid-19 on the market, according to the Bureau of International Recycling (BIR).

The BIR stated that the oil price slump is keeping prices low and ‘huge stocks are overhanging the market’, contributing to unease compounded by the fact that ‘European plastics recyclers obviously have little idea themselves how supply… will develop in the coming weeks’.