The Bureau of International Recycling (BIR) is seeking immediate financial assistance to the recycling industry to offset the high energy costs and inflation threatening the livelihoods of its member companies.
Both issues were frequently addressed at BIR’s recent World Recycling Congress in Dubai.
“Most of the more than 650 participating companies, many of them small and medium-sized enterprises, report that skyrocketing energy costs are placing a significant strain on their businesses, threatening their medium- to long-term viability,” the BIR said in a statement. I will.”
It added that the commodities session in Dubai revealed unprecedented pressure on margins, financial losses and reports of bankruptcies.
“Furthermore, potential or upcoming trade restrictions affecting the export of recycled materials, if adopted, will result in long-term market disruptions that will have a significant impact on circular value chains, thus further constraining the recycling industry. It will bring.”
The BIR urges governments and international legislators to provide immediate financial assistance to the recycling industry “to prevent significant long-term damage to a sector that plays a vital role in the global circular economy and the protection of the planet.” I am requesting the enactment of
At the conference, Francisco Donoso, president of BIR’s paper division, said many factories were “up to their limits” and Hakle, one of Germany’s leading tissue makers, closed its factories permanently and filed for bankruptcy. He said the process had started.
“The high cost of energy, especially gas, is the biggest production cost for factories. Due to the low demand for products due to the financial crisis and the inability to reduce energy costs, this cost cannot be passed on to sales prices. , the only cost they can control is the price they pay for raw materials.
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