Demand for recycled plastic decreasing in France

STORY: Demand for recycled plastic decreasing in France DATELINE: July 24, 2023 LENGTH: 00:02:06 LOCATION: ANNECY, France CATEGORY: ENVIRONMENT/SOCIETY SHOTLIST: 1. various of plastic waste recycling bins 2. SOUNDBITE 1 (French): FRANCOIS EXCOFFIER, President of the professional federation of recycling companies (FEDEREC) 3. various of plastic recycling labels on a bottle 4. SOUNDBITE 2 (French): FRANCOIS EXCOFFIER, President of the professional federation of recycling companies (FEDEREC) STORYLINE: By 2030, packaging in France will have to incorporate 30 percent of recycled materials for all plastic bottles, and yet the plastics industry is not celebrating: the results at the start of this year are not good and the outlook for the end of 2023 remains bleak. In the context of falling oil prices and rising energy costs, recycled plastic is becoming less attractive. Between May 2022 and May 2023, the main petro-sourced virgin plastics recorded a price drop of around 25 percent to 40 percent (depending on t