Concerns are rising across Europe that the coronavirus-induced slump in oil prices could knock demand for recycled plastics.
BRUSSELS - Concerns are rising across Europe that the coronavirus-induced slump in oil prices could knock demand for recycled plastics but data is still patchy on how the pandemic has affected the amount of trash piling up, the European Union's environment chief said.
"We are concerned about potential disruption of the markets for recycled plastics caused by the low prices of crude oil, and also about littering of disposable masks and gloves," EU Environment Commissioner Virginijus Sinkevicius told Reuters in a written interview. So far, however, companies still appear on track to meet a voluntary goal set by the EU to use 10 million tonnes of recycled plastics in new products by 2025, Sinkevicius said.
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