Global Management Consultancy Roland Berger estimates the European Pyrolysis Oil market to be worth £4.2bn/year (2022)
The Market Potential
Our Pyrolysis process can accomodate all plastic types, from separate waste collection destined for energy recovery/landfill. 8.3Mt of waste is therefore available for Flux245 in Europe.
The Market Drivers
Indirectly, the need for Pyrolysis Oil is driven by the demand for recycled plastic from downstream producers. Any company placing plastic packaging on the market is incentivised to use recycled material in their product to avoid financial liability and comply with strict new regulations.
Extended Producer Responsibility Schemes
Mandatory schemes that charge producers for the cost of the collection, management, and recycling of packaging.
Mandatory Recycled Content Legislation
The EU Packaging and Packaging Waste Regulations (PPWR) set out the mandatory recycled content required for new packaging.
Taxation
EU Plastic Levy: a fiscal penalty set at €800/tonne for non-recycled plastic packaging waste produced by each member state.