Shrinking market, poor collection services have Hong Kong’s plastic recyclers struggling to stay afloat — and few are succeeding

Up to 90 per cent of Hong Kong’s small and medium plastic recyclers have closed their doors this year amid shrinking demand for their product, according to industry representatives, who are calling on the government to set up a better collection system for the city’s discarded plastic.Last October, the cost of virgin plastic became cheaper than its recycled counterpart by US$72 (HK$558) per tonne for the first time, following a historic drop in the price of oil, which is refined into the…

from South China Morning Post https://www.scmp.com/news/hong-kong/health-environment/article/3089976/shrinking-market-poor-collection-services-have