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£9 billion investment in UK facilities not enough

Research that revealed the UK needs to spend £9 billion on recycling and incineration to meet 2020 EU Landfill directive targets has been criticised for “not revealing anything new.” In a report published at the start of the New Year, finance advisory firm Catalyst Corporate Finance forecast that the level of investment in recycling and incineration infrastructure needed to divert waste from landfill is expected to exceed £9 billion over the course of the next 10 years. Recyclet Limited would suggest “In general terms, for industry, local authorities and banks, investment needs to be made quickly to divert waste from landfill and get the UK on track for the 2020 targets. Any such delay could result in serious financial implications imposed on us from the EU.” Quotes from senior figures of the financial firm Catalyst state “Conservative estimates suggest that in order to meet the Landfill targets and government objectives, as laid out in the Waste Strategy 2007 paper, the level of incinerated municipal waste will have to increase from three million tonnes per year today to 11.5 million tonnes by 2020. Whilst Recyclet do not incinerate, we can assist in the recycling of waste plasterboard from construction and demolition which is projected to be near 1Million tonnes per annum.


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