According to Valpak, the cost of accreditation and current price of PRNs means “it is not financially viable” for some of the UK’s smaller plastics recycling businesses to get accredited under the scheme.
Under the terms of the agreement, Valpak will work with Aylesbury Granulation to ensure accreditation costs are covered through PRN purchases, while also “providing access to its considerable experience and expertise”.
In return, Valpak has agreed an exclusive supply deal for the PRNs produced by the company.
Aylesbury Granulation is a Buckinghamshire-based plastic recycler and has been trading since 2011. It specialises in the recycling of segregated rigid plastic waste, as well as a range of other plastics.
Valpak’s procurement director Ben Richardson said: “Businesses like Aylesbury Granulation play a vital role in the UK’s recycling infrastructure. They are regularly responsible for technological innovation and produce a diverse range of high-quality products that are so important to the development of sustainable supply chains and the circular economy.
“Helping keep businesses like this within the accreditation system has many advantages not least retaining valuable evidence that would otherwise have been lost.”
Revenue stream
Susan Staff, commercial manager for Aylesbury Granulation, said: “The ability to continue to generate PRNs will provide an additional and secure revenue stream, while also helping us to market our services to new and potentially larger customers, many of whom will have obligations under the new Plastic Packaging Tax.”
With targets likely to be met for all materials, the value of PRNs has dropped in recent months. Demand for them for the 2020 compliance year has fallen. For plastic PRNs in particular, the price is as low as £5 for December.
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