Finalised data released by the Environment Agency this week shows that the annual obligation for the amount of packaging waste recycled in 2015 has been met.
The validated figures reveal that 6,952,186 tonnes of packaging was recycled by reprocessors against a target of 6,922,808 tonnes.
Tonnages achieved for the 2015 net requirement, which do not include carry over figures into 2016, show that all materials came in over the required amount by the end of Q4.
Paper recorded a final total for the year of 3,667,388 tonnes against a net requirement of 2,519,525 tonnes, while plastics came in at 893,042 tonnes against an 850,923 tonne obligation.
Total glass remelt and aggregate material combined meanwhile showed that 1,576,812 tonnes were recycled against a net requirement of 1,493,392 tonnes.
The final statistics officially mark the end of the 2015 compliance year – but denote little difference from provisional estimates published at the start of February (see letsrecycle.com story).
Looking forward to 2016, packaging recycling note (PRN) prices remain largely static during the first quarter with a marginal drop in the plastics price from around £55 to £40 per tonne.
Uncertainty continues to surround demand for steel PRNs following the closure of large-scale UK plants at the end of last year and indecision over the future of Tata Steel’s mill in Port Talbot.
Andrew Lethem, sales and marketing manager at The Environment Exchange, told letsrecycle.com: “The Tata news will cause some concern in the PRN market. Buying is likely to be displaced from the bilateral contract market and into the spot market which may cause additional price volatility if we see a reduction in supply. Spot prices are up from £20 to £23.”