UK plastics recycling market hit by oil price decline

Packaging regulation reform is back on the agenda as declining oil prices continue to depress the market value of recycled plastics

Chief executive of Closed Loop Recycling, Chris Dow, says 2015 will be challenging for the plastics industry (photo: Closed Loop Recycling)The continuing fall in the price of oil is fuelling fears about the viability of the UK recycled plastics market.

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