MOSCOW (MRC) -- VinylPlus reveals that the European recycling rates of PVC were at approximately 27% in 2022, said Amiplastics.
According to the organization, 813,266 tonnes of PVC waste were recycled and utilized in new products in the EU-27, Switzerland, the UK and Norway. The figure is about 0.3% higher than in 2021, which was at 810,775 tonnes. Of this, 38% was post-consumer waste (where PVC is gathered after use) and 62% was preconsumer waste (where plants reprocess their own waste internally).
In 2022, the amount of pre-consumer recycling dropped by about 1.5%, while post-consumer recycling expanded by almost 3.5%. Recycling of flexible PVC and films went down by approximately 19% to 212,000 tonnes in 2022 from about 262,000 tonnes in 2021.
Under its VinylPlus 2030 commitment, the organization aims to recycle 900,000 tonnes/y and 1 M tonnes/y of PVC by 2025 and 2030, respectively.
We remind, Solvay announces the completion of the sale of its 50% stake in the RusVinyl joint venture to its joint venture partner Sibur. At the time of closing, Solvay received €433 million in cash proceeds in Belgium which will be reported in the first quarter as cash flow from investing activities (Consolidated statement of cash flows). A capital loss of €174 million will be recognized in the first quarter of 2023, mainly reflecting the crystallization of historic currency translation balances.