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
Companies & Associations

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

MeadWestvaco joins the Recycling Partnership

April 23, 2015 11:19 am ET

MeadWestvaco Corp., a global packaging company with some operations in plastics, is joining the Recycling Partnership.    More

Image

DaVinci puts its plastic scrap back to work on new roofs

April 22, 2015 3:01 pm ET

From its own manufacturing facility to construction sites around the United States, DaVinci Roofscapes recycles about 300,000 pounds of polymer scrap ...    More

Image

Recycling group changes its name to the Recycling Partnership

April 20, 2015 3:10 pm ET

Curbside Value Partnership is no more. But don't worry. The organization that promotes curbside recycling is simply changing its name to the...    More

Image

Expansion gives recycler space to develop new products

April 15, 2015 11:47 am ET

Thousands of square feet of additional space at Birch Plastics Inc. are allowing the company to grow now and in the future.    More

Image

Project aims to place recycled plastics front and center in cars

April 15, 2015 10:21 am ET

Premium car maker Jaguar Land Rover is preparing to enter new territory and use recycled plastics in the passenger cabin to make interior trim with a ...    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