Over the last six months the media has been inundated with stories regarding Plastic material waste affecting marine life and this had led to discussions on how we can deal with this waste in an environmentally friendly way. The Scottish government had taken the lead by proposing a deposit return system and this has been something that the English government has decided to look at going forward.
As many of you will already be aware we are currently in the process of compiling members data returns for 2018. Many thanks to all those companies who have already sent across their information. For those who have yet to forward their information we would ask that you do this without delay. The registration deadline for the NIEA return is in early April but as most of our member returns will need to be checked and analysed by the data team we would ask that you get the information to us as soon as possible.
This week we attended the CIWM technical meeting in Belfast to discuss the implications of the recently introduced National Sword Initiative for UK exporters of recyclable material into China. For those that are not aware the Chinese authorities have restricted the issuing of import licenses to companies who have previously shipped Plastic and Mixed Paper grade material into the country. It is seen by most as a way of the Chinese government improving their environmental performance and reducing pollution. The reliance on the Chinese market for UK exporters has resulted in some now struggling to move material.
With the last set of monthly supply figures released this week for the 2017 compliance year we now have some supply evidence to review last year’s performance. These figures are unaudited and are likely to change once they are published but provide some indication on last year’s performance.
Next year we are due to see recovery target increases across all materials. While in most materials this will lead to a small incremental increase there are some concerns regarding the Wood target increase which is due to rise from 22% to 38%. This increase will result in obligations growing from 244,000 tonnes to 417,000 tonnes, the largest increase since Wood targets were introduced.
Well, We’re just back from the show. It says it is “The Exhibition is the coming together of four industry leading events – The Energy Event, The Renewables Event, The Water Event and RWM. Each of the events serves sectors that over time have become more intertwined”.
This week we have seen the release of the monthly supply figures covering the period up to the 10th August. These figures showed that during the last month, 105k of supply had been added taking the annual total supply to 613k. When compared against annual demand (1,010k) this would indicate that the supply is in balance with demand but prices have continued to hold firm in the face of concerns exporting material to China.
The Environment Agency have now released the second set of quarterly supply figures for the year and the early indications are that all materials remain in good supply. It was anticipated that the introduction of new export protocols in China would result in a tightening of Plastic PRN supply but this has not materialised with supply coming in on target.
This year we have seen a vast increase in the costs of securing recycling evidence notes for Plastic. Upon examination, the supply figures for this market appear to be robust with a small surplus being created at the end of Q1. This follows on from a strong finish to last year’s supply providing a credit balance of 4% from 2016.
On the 15th May the Environment Agency released the first set of packaging handled figures for 2017. These figures allow us to review any increases in obligations and help determine the effect of this year’s target increases.
The Environment Agency has now released the first indication of PRN supply for 2017.
Growth reported for 2016 across all materials
The Environment Agency have now released preliminary recycling figures for 2016 which show compliance was met with relative ease last year. Growth was reported across all materials with some performing a remarkable turnaround on the 2015 compliance period.
With the release of the Q3 supply figures providing the last indicator of supply this year we look at the projected outlook for the end of the year. Total supply was in line with the previous quarters and with only a small tightness in Glass Aggregate supply providing concern.
It's almost two months since Ian Andrews joined us at the Nipak office near Belfast following his departure over the summer from the Environment Exchange in Edinburgh. Ian's family has now joined him in his childhood home town of Bangor and we wish them all the best in settling in and hope they find a warm welcome in County Down.
How has the change been?