The European Union's new packaging waste directive could give a boost to recycled-content plastic, and in the minds of some plastics leaders, that's good for business.
Reuters and other media are reporting that the new rules, which the EU is reportedly set to unveil today, will set recycled-content targets of 30 percent by 2030 for plastic beverage bottles and 35 percent for many other types of plastic packaging.
It also will reportedly set reuse targets for packaging for 2030 and 2040. For beer and soft drink containers, it would be 10 percent by 2030 and 25 percent by 2040, for example, and it envisions companies setting up joint programs for reusable packaging.
A massive proposal like that is certain to generate questions and lead to changes, so the final version may look different, but the general concept is one that some in the plastics industry like.
Marco ten Bruggencate, the president of the trade group Plastics Europe, told an audience at the K 2022 show in Germany that policies like that are good for the virgin resin industry's new business models.
He specifically singled out the new EU packaging directive in an interview after his speech there, saying that as the plastics industry transitions to investing much more in recycling, those policies will be key to stimulating demand for recycled materials and justifying those recycling investments.