Biffa says its plastics subsidiary is experiencing high demand for recycled products, despite instability elsewhere in the industry.
As reported by MRW, Closed Loop Recycling in Dagenham is on the brink of closure with the loss of around 100 employees.
This follows reports of HDPE recyclers in the UK coming under increasing financial pressure following five-year lows in the price of oil, which made price competition with virgin polymers more difficult, and higher prices for bottles collected for recycling.
But Biffa Polymers says it is operating ahead of all 2015 targets, with its Teesside recycling plant processing its two billionth bottle.
Commercial director Chris Hanlon said: “In light of recent industry events and their likely short-term effects on HDPE prices, we are keen to emphasise that we are currently in a strong position and experiencing some of the highest demand for HPDE we have ever seen.”
The 90,000sq ft plant processes more than 38,000 tonnes of recycled plastics a year across its three production lines and has the capacity to increase to 50,000 tonnes, recently installing a £100,000 bale breaker on the HDPE line to increase efficiency.
It was also the first in the world to achieve food-grade status for its recycled HPDE and has picked up a string of awards, including the Queen’s Award for Enterprise and Innovation in 2009.
Hanlon added: “Being part of Biffa Group means we benefit from the wider business links as well as a strong, secure internal supply of milk bottles from our MRFs.”
Biffa Polymers recently advised WRAP on its Plastics Industry Recycling Action Plan, which was put together to drive towards the UK’s targets for 2017 and beyond.