What do PRNs stand for?
PRNs stand for Packaging Recovery Notes and are certificates of evidence that prove a tonne of packaging waste has been recovered and reprocessed or exported.
Under the Producer Responsibility Obligations (Packaging Waste) Regulations, businesses that handle packaging must finance the recovery and recycling of packaging materials in proportion to the amount they have placed on the market. The PRN system enables obligated businesses (producers) to meet these requirements through the purchase of PRNs and PERNs (packaging waste export recovery notes). PRNs and PERNs provide evidence of recovery or recycling and are a substitute for businesses meeting their obligation through their own recycling efforts.
Packaging Recovery Notes generate income for reprocessors. This money is then invested back into recycling projects, ensuring that the UK's recycling and recovery industry continues to grow, and enabling the UK to meets its obligations under the European Regulations. The income generated from PERNs is used to finance the transportation of recyclables to overseas reprocessors.
PRNs are sold on an open market which means that prices fluctuate according to supply and demand. If there is a perceived shortage of PRNs then prices are likely to increase in response, but if there is a perceived excess of PRNs, the prices will decrease.
Clarity has been trading Packaging Recovery Notes since our business was established in 2002. We trade in all grades of PRNs, and offer a variety of ways to procure evidence, helping UK businesses to meet their obligations under the Producer Responsibility (Packaging Waste) Regulations.
Procure PRNs from our market leading team
If you are a reprocessor or exporter, a packaging compliance scheme or direct registrant, Clarity's market-leading team can offer flexible trading options for PRNs. Get in touch with a member of our team or get a quote from us today.
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