European Plastics Converters (EuPC), Petcore Europe and Plastics Europe oppose the planned increase in the EU plastic levy from €0.80 to €1 per kilogram of non-recycled plastic packaging waste, warning it will not improve environmental outcomes but will weaken the competitiveness of European industry and accelerate deindustrialisation. The organisations argue the proceeds should flow into a dedicated fund to support the circular economy.
With its latest agreement on the new Multiannual Financial Framework (MFF) and coronavirus recovery fund, the European Council has also approved the implementation of the so-called plastic tax as of the 1st of January 2021.
The last meeting of the European Council ended with decisions that will have major implications for the plastics processing industry, writes Tomasz Mikulski, of ML Polyolefins.
The trade war between the US and China which has escalated to the point where punitive tariffs are being levied on goods valued at USD 50 bn, could heat up further.
Milacron closes 2017 with double digit sales growth and strong cash flow from operations
Borealis has received a re-assessment decision from the Finnish tax authority for its Finnish subsidiary regarding the year 2008.
