Wrap to fund ‘startling’ PET recycling opportunity


Wrap (Waste and Resources Action Programme) has launched a mixed plastics loan fund (MPLF) worth £2m to boost UK reprocessing of plastics waste such as yoghurt pots, margarine tubs and rigid plastic food trays.

At a time when price for recovered PET is at an all-time high and 90% of mixed plastics in the waste stream presently going to landfill, the MPLF will deliver a shot in the arm by providing capital support to investors in mixed plastics reprocessing capacity in the UK, according to Wrap.

“A reduction in available capital brought on by the current economic climate together with recent market price volatility in recovered materials has meant that the risk-reward balance is still a barrier to private sector investment in mixed plastics...
Read more