MBA Polymers calls for UK to cut taxes on recyclers

By Anthony Clark
PRW

Published: February 14, 2013 11:35 am ET
Updated: February 14, 2013 11:37 am ET

Related to this story

Topics Recycling, Government & Legislation

LONDON -- MBA Polymers Inc. has called on the United Kingdom government to reduce the value-added tax on recycled plastics to help stimulate consumer demand and encourage investment in the plastics recycling industry.

CEO Nigel Hunton, invited politicians to help "incentivize the market with legislation designed to encourage post-consumer recycled plastics content in new products, such as exemption or a reduced rate of VAT [value-added tax]."

"These changes can accelerate recycling in the U.K. and provide a win-win-win for society, the environment and recycled plastics businesses in the U.K.," he added, although no VAT target figure was given.

Hunton was speaking at "The future of recycling –The challenge for plastics," an event at Westminster attended by politicians, environmental groups and plastics users.

He told his audience that the U.K. could become "a world leader in this sector" if the right level of legislative support is provided.

"Plastics recycling is a big opportunity for UK plc," he explained, adding: "The challenge historically has been recycling plastics from complex waste streams, but the technology now exists in the UK to allow effective separation."

The threat from China

The audience, which included Environment Secretary Ed Davey, responded enthusiastically to MBA's presentation, which also featured a keynote speech from company President Mike Biddle, who warned that products made from recycled plastics coming out of China often failed to meet acceptable safety standards.

"Tests have shown traces of lead, cadmium and other undesirables – things you wouldn't want in your household products," he warned.

Biddle said that there must therefore be enforceable international standards in order to ensure that the recycling vision isn't tarnished by bad practice.

"Plastic is too valuable to throw away," he added.

MBA is based in Richmond, Calif., and has recycling plants in China, Austria and England.


Comments

MBA Polymers calls for UK to cut taxes on recyclers

By Anthony Clark
PRW

Published: February 14, 2013 11:35 am ET
Updated: February 14, 2013 11:37 am ET

Post Your Comments


Back to story


More stories

Image

Indian plastics group targets waste

November 24, 2014 12:46 pm ET

An Indian plastics environmental group and the country's largest brand for packaged water, Bisleri International Pvt. Ltd., have launched a trial...    More

Image

NS Farrington 'on track' to recycle 1 ton of PE per month

November 20, 2014 10:23 am ET

A polyethylene recycling program created by N.S. Farrington & Co. has passed the 60,000 pound mark.    More

Green Fence boon for China, group says

November 14, 2014 1:04 pm ET

China's Green Fence rules and regulations regarding the import of scrap materials will prove to be a “long-term” boon for the recycling...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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 Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events