Coronavirus: Plastic recycling firms ‘could go bust due to oil price slump’

A UK plastic recycling firm has said there is a “real threat” that it could go out of business as a result of the crash in oil prices brought about by the coronavirus pandemic, which is making the cost of recycled plastic uncompetitive compared with virgin polymers.

by Conor McGlone
There are fears that a slump in the price of oil could make recycling unprofitable. Photograph: Epics/Getty Images
There are fears that a slump in the price of oil could make recycling unprofitable. Photograph: Epics/Getty Images

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: report@ends.co.uk

Call: 020 8267 8120

Register for
Free Trial

  • 14 day access to subscriber-only content

Register

Subscribe

Prices on request

  • Full access to endsreport.com for 12 months
  • Monthly print issues
  • Clear and accessible guidance on relevant legislation
  • Integration with ENDS Compliance Manager helping you plan ahead and ensure compliance for your organisation
  • Individual or bespoke multi-user packages available

See all benefits