The first-ever European Strategy for Plastics in a Circular Economy was adopted on January 16, 2018. The Strategy is part of Europe’s transition towards a circular economy, and will also contribute to reaching the Sustainable Development Goals, the global climate commitments and the EU’s industrial policy objectives.
The Strategy will transform the way plastic products are designed, used, produced and recycled in the European Union. Better design of plastic products, higher plastic waste recycling rates, more and better quality recyclates will help boosting the market for recycled plastics.
We at Griffin Refineries see this as a right move from the European Commission in the last moment. Too long European law makers have focused only on the collection quotas, relaying that the off-take of our valuable plastics will remain to be secured by Asian industry. Today, when markets like China have reduced their recycled plastics imports to a minimum, we in the old world must struggle to find enough industry off-takers to compensate that.
Griffin Refineries is developing recycling projects in Latin-America and Middle East, but today we know, that our home continent is far away from being saturated in the plastics recycling business.
We are ready to contribute to this development and we understand this as our duty, to support local industry towards more recycled plastics use, everywhere in the world, also in Europe.