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Materials trading scheme set up

An EU-backed project has set up an online market place to link sellers and buyers of materials across the south-east of England.

The Waste Producer Exchange (WPE) trading platform for waste materials in the region has been established with the help of European Pathway to Zero Waste (EPOW), an EU demonstration project in partnership between the Environment Agency and WRAP.

It has the aim of reducing waste sent to landfill in the south-east, before expanding to cover the entire UK.

Waste materials are placed on the WPE site as part of the sales auction process. Once the seller and a buyer have agreed a price for the materials, collections are arranged directly and the buyer will place the agreed funds into a WPE holding account.

Sellers can see that the funds are available before collection proceeds. The funds are then released to the seller via a BACS transfer.

Registering and membership is free but a fee of 2.5% per successful transaction is charged.

WPE chairman Adam Symons said: “Our mission is to put waste producers in charge of their waste, and ensure that all waste is put to some valuable use and kept out of landfill.

“Free membership of WPE South East means that everyone can access the market and maximise the value of their waste. We provide help and training to make sure that businesses realise the true value of their materials.”

WPE South East is offering free waste audits to 20 businesses across the south east, and eight free training workshops at the following locations and dates:

  • 6 July Oxford and Reading
  • 12 July Southampton and Guildford
  • 13 July Watford and London
  • 16 July Maidstone and Ashford

EPOW expects to use the experience of establishing the waste exchange to share best practice with other EU regions to develop similar waste trading schemes.

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