HomeEurope NewsFrench company proves that recycling PET plastic can be profitable – EURACTIV.com

French company proves that recycling PET plastic can be profitable – EURACTIV.com


The French Veolia Group demonstrated that the company can introduce recycled petroleum-based plastic (PET) plastics into its production chain, and it still succeeded at the conference organized as part of the Green Week. EURACTIV French report.

Although the cost of recycling packaging is more expensive than using petroleum to produce plastic, manufacturing this material from scratch can have a negative impact on the environment and people’s health.

The ideal solution (albeit costly) is for the company to introduce recycled PET into the production chain of the product. For example, of the 408 billion PET bottles sold in 2017, less than 50% were recycled.

At a meeting organized by the European Commission as part of the Green Week on Thursday (June 3), the Spanish subsidiary TorrePET of Veolia Group stated that it has developed the most advanced recycling technology to separate PET from recycled bottles. To produce healthier plastic bottles. , High-quality recycled plastics.

In order to make its business model viable, it has reached an agreement with the industry to sell bottles at a sales price based entirely on the company’s actual costs rather than raw material costs.

“To some extent, we have realized the environmental value of recycled plastics. We can get rid of the economic burden of fossil fuels,” said Sven Saura, deputy director of recycling at Veolia. During the COVID-19 pandemic that caused oil prices to fall, the company did not stop using recycled plastics.

“Since 2019, the price of recycled plastics has been stable. This is great news. If the price of PET recycled plastic fluctuates with oil prices, this business model is not feasible for our company.” The deputy director added Tao.

This more environmentally friendly approach has brought a series of benefits, including reducing waste, eliminating fossil fuels, and promoting a circular economy. The European Commission proposed a new action plan in March 2020.

In its action plan, the EU executive has put forward new requirements for packaging and plastics to reduce their use and ensure a mandatory minimum level of recycled materials in new products.

“In order to achieve climate neutrality by 2050, protect our natural environment and enhance our economic competitiveness, our economy must be fully circular. Today, it is still basically linear, with only 12% of secondary materials and Resources are being reintroduced,” said Frans Timmermans, EU’s head of climate affairs.

European Commission senior environmental expert Michail Papadoyannakis (Michail Papadoyannakis) emphasized the organization’s efforts and welcomed the measures taken by the “zero pollution” action plan within the framework of the European Green Agreement to combat Plastic pollution.

He said: “We need to go further, not to stand still, we need more funds for plastic pollution”, and we need to implement policies such as banning single-use plastics on a global scale. grade.





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