New tax on plastic with less than 30% recycled plastic
April 2022 sees the introduction of a new tax on percentage of recycled material within plastic packaging – is this a sign of things to come?
Tex Plastics are leading the march in recycling plastics
The aim of this new tax is to provide a clear economic incentive for businesses to use recycled plastic in the manufacture of plastic packaging, which will create greater demand for this material. In turn, this will stimulate increased levels of recycling and collection of plastic waste, diverting it away from landfill or incineration. Although Tex Plastics do not make single use plastic packaging, and what we currently produce is unlikely to be impacted – it clearly illustrates the need for businesses to consider the recycling issue when selecting materials.
The benefits of using recycled plastics
Using recycled plastics in the injection moulding process is not only environmentally responsible, but it also can potentially reduce material expenses. Any brand that is using recycled plastic in its industrial process can benefit from the public’s perception that the business is working to protect the environment. There are many brands now marketing their product as 100% recycled to create their differential and combat the negative press plastics often receive. Ultimately, making use of recycled plastic in plastic moulding and other industrial processes is a beneficial decision at every level.
Do you have plastic packaging which may get taxed?
The Plastic Packaging Tax (descriptions of products) Regulations 2021 removes three categories of products from the meaning of a plastic packaging component and add a further category of products to the meaning. These regulations will ensure the tax is properly targeted.
We’re working to help educate clients on the options of recycled plastics, as well as, taking steps to make our manufacturing processes as environmentally efficient as possible. More and more consumers are challenging manufacturers to be greener, evidence they are actively engaged in reducing their carbon footprint and to be environmentally aware. We’re committed to helping our customers produce greener plastic products as well as dedicated to reducing our energy and materials consumption.
Helping you make your plastic components more environmentally friendly
Tex Plastics realise that we have a great responsibility to society and the planet and work hard to live up to that responsibility in all aspects of our business. Plastic – is a material used by everyone, every day – yet we often only hear about the many negative aspects of plastic, from the pollution, to the worries about the non-biodegradable nature of the material. Plastic is also used in ways helping to save and produce energy, through building materials and processes such as insulation and double glazing windows.
Innovative ‘plastics recycling’ solutions
Tonnes of used plastic products sent for landfill every month, whilst there is a global shortage. Working with a specialist partner, Tex Plastics are exploring the opportunity of recycling these disposed plastic goods back into raw materials for moulding. Plastic is a durable, flexible and economical to recycle for use in injection moulding and other industrial processes. As well as reducing reliance on landfill, recycling plastic also reduces the amount of raw materials needed, reducing ground pollution and greenhouse gas emissions stemming from the production of new plastic. Not so long ago, many injection moulders wouldn’t consider using recycled plastics because of the issues with quality and consistency. However, research and development by the waste and recycling sector has led to a growing supply of fit-for-purpose recycled plastics – a priority in developing a circular economy.