Creating a market for recycled plastics across the EU will be essential if reprocessors are to invest the €10bn (£8.9bn) needed to boost collection, sorting and recycling capacity, a European waste body has warned.
A draft EU strategy for plastics received cross-party support at the European Parliament last week, and has been welcomed by the European Federation of Waste Management and Environmental services (FEAD).
The draft report for plastics in a circular economy was put forward by MEP Mark Demesmaeker.
FEAD is hopeful that support for the strategy will also mean MEPs vote next month in favour of another report that will make it mandatory to produce drinks bottles with at least 25% recyclate by 2025.
A statement from FEAD said: “Up to €10bn-worth of investments will be needed in our sector to innovate and expand the separate collection, sorting and recycling capacity for all plastics, at EU level.
“Our industry is prepared to make the necessary investments if there are legislative measures ensuring a significant uptake of plastic recyclates – which is becoming even more necessary by the minute in view of the Chinese ban on imports of certain waste streams.
“Transforming the vision of a new plastics economy into reality will require joined efforts throughout the entire plastics value chain.”
FEAD members are national waste management associations covering 19 member states as well as Norway and Serbia. The body represents 3,000 companies, employing more than 320,000 people and has around a 60% share in the household waste market and 75% of industrial and commercial waste.