Chris Dow, CEO of plastic bottle recycler Closed Loop Recycling in Dagenham, East London comments on The Budget 2014
Says Dow: “From a recycling industry perspective, we would like to see the Chancellor announce an increase in Landfill Tax and indeed a commitment to a longer term strategy on Landfill Tax levels, in order to create some stability in the industry and confidence among investors.
“We certainly believe that landfill tax should increase at least in line with inflation and the formula should be fixed until, say, 2020 in order to provide confidence and certainty to potential investors in recycling and reprocessing infrastructure.
“Additionally, we are reiterating our call for PRN reform which creates a more level playing field for UK recyclers. The current system encourages exports of precious waste resource rather than supporting the domestic market.”
“We are also supportive of any announcement by the Chancellor to review business rates to make businesses more competitive. However, funding remains an issue for many small to medium sized businesses and we are calling on the Government to continue to push the banks to lend more. As a business we have big expansion plans – indeed we’ve just completed a £12m investment in new recycling infrastructure at our plastic bottle recycling facility. But as many businesses like ours are finding, bank funding is not as readily available as is needed to drive the UK economy forward.”
About Closed Loop Recycling
Closed Loop Recycling’s facility in Dagenham is the World’s first food grade mixed plastic bottle recycling plant. State-of-the-art sorting and reprocessing technology enables it to sort, granulate, wash, and super-clean 35,000 tonnes of recovered plastic bottles, including milk and soft drink bottles which are typically from local authority collections, and turn them back into recycled raw material for new food and drink packaging. The plant diverts a significant amount of waste from both landfill and export and saves up to 52,500 tonnes of CO2 per annum.
In 2014, Closed Loop Recycling is significantly expanding its HDPE recycling capabilities, in order to fully meet the demands of the dairy industry which increasingly requires higher levels of rHDPE in its milk bottles. The major expansion will double the supply of recycled HDPE to the UK market, more than meeting the expected demand from the dairy industry as it works towards higher recycled content targets.
The investment in new infrastructure will make Closed Loop Recycling the biggest recycler of milk bottles in the world. It will increase capacity at the Dagenham-based plant to 55,000 tonnes per annum, creating the most advanced plastics purification facility in the UK and diverting a further 30,000 tonnes of carbon emissions in the process.
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