BGN Entrepreneur

The economic recession has far influence than we expected. These days, its impact has already reached the aspect of environment.
As manufacturers reduced their output in line with the global economic downturn, a plunge in prices was caused by a sudden fall in demand for recycled materials, especially from China. Due to this collapse in prices, thousands of tones of rubbish collected from household recycling bins have to be stored in warehouses and former military bases to save the recycling companies from loss.
Now, the collection companies and councils are running out of space to store paper, plastic bottles and steel cans as prices are so low that the materials cannot be shifted. Collections of mixed plastics, mixed paper and steel reached record levels in the summer but the “bottom fell out of the market” and they are now worthless. Local authorities and collection companies now become so worried about the mountains of paper, plastic bottles and cans that they have to store that they have called for eased storage regulations limiting the quantity of waste that can be stored and to allow it to be kept in secure warehouses or abandoned military bases and former airfields.
It’s very likely that the mountains of plastic bottles, paper and steel cans will build up by the end of the year and that the problem would be exacerbated by the Christmas festivities, when a surge of packaging materials and drinks containers would fill recycling bins.

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