The Environment Agency has released provisional data showing that the total obligation for all producers in 2012 has been met.
After a volatile year in the PRN market, Chris Taylor, PRN trader at Clarity Environmental said of the news:
“We had been hearing rumours lately that the UK would comply with its glass obligation for 2012 and now we finally have the provisional figures to back this up. This latest data does lead to some questions, though, about why the Q4 figures are so high compared to the previous quarters, whether stocks of glass have been depleted in order to meet the obligations and if the surplus has been moved into 2013. All things considered, despite this latest news, the glass market will remain a huge challenge in 2013.”
“At Clarity we are pleased to have successfully met our members’ 2012 packaging waste obligations.”
