Scotland offers loans to plastics recyclers

Anthony Clark

Published: September 17, 2012 6:00 am ET

Related to this story

Topics Public Policy Sustainability Recycling
Companies & Associations

EDINBURGH, SCOTLAND (Sept. 17, 8:35 a.m. ET) — The Scottish government has established a $4.05 million loan scheme to help support plastics recyclers. The fund will be administered by Zero Waste Scotland and Scottish Enterprise.

The scheme, which builds on recent studies to identify viable business opportunities to boost plastics recycling in Scotland, will support a range of projects from plastic bottles and rigid plastics, such as yogurt pots, to those that have traditionally been more difficult to recycle, including plastic films, PVC window and door frames and plastics from waste electrical equipment.

Scotland’s environment secretary, Richard Lochhead, said: “With 280 million bottles collected for recycling a year, Scotland is already making progress in realizing the value of waste plastic. Zero Waste Scotland’s research highlights how there is potential for businesses to recycle more and different varieties of plastic. The loan fund has been set up to support businesses to take these types of ventures forward.

“It is part of our drive to maximize the economic and employment benefits of recycling resources again and again, establishing a more circular economy in Scotland.”

Scotland generated around 500,000 metric tons of waste plastic last year, according to government figures. Only around one-fifth of this was able to be recycled and most of this was sent to facilities in England or overseas.

Expanding the country’s capacity to recycle plastic could create hundreds of new jobs, boost Scotland’s economy, and help to meet the Scottish Government’s target to recycle 70 percent of all waste by 2025.


Comments

Scotland offers loans to plastics recyclers

Anthony Clark

Published: September 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Congress makes another attempt to update chemical regulations

April 15, 2015 11:09 am ET

A new Congress means taking yet another crack at updating the 1970s law regulating U.S. chemical manufacturing, transportation and use.    More

Image

GN Thermoforming changes management following founder's arrest

April 15, 2015 4:47 pm ET

GN Thermoforming Equipment officials say Georg Nemeskeri has stepped away from active involvement with the company he founded 34 years ago and a...    More

Image

OSHA targets firm making plastic balls used in fracking

April 15, 2015 4:55 pm ET

The U.S. Occupational Safety and Health Administration announced that it may fine a manufacturing company in New York for 48 alleged violations of...    More

Image

Economic déjà vu: strong spring growth expected after a rough winter

April 15, 2015 2:03 pm ET

The long, harsh winter is finally over, and the first quarter of the calendar is history. So now is an appropriate time to review the emerging trends ...    More

Image

Arizona bans bag bans, mandatory recycling

April 15, 2015 11:52 am ET

Swimming against the stream of bag bans around the country, a new Arizona law prohibits local bans, taxes or fees on plastic bags and other containers...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events