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 by procuring recycling evidence notes known as 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.
The Packaging Recovery Note system has been designed to allow investment into recycling projects, ensuring that the UK's recycling and recovery industry continues to grow, and enabling the UK to meet its obligations under the European Regulations. The income from export packaging recovery notes can be used to finance the transportation of recyclables to overseas reprocessors.
There are six materials for which a business might have an obligation; plastic, paper, glass, aluminium, steel and wood. Businesses must calculate their packaging obligation for the compliance year for each specific material, purchasing enough PRNs to cover those that they have performed activity on.
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.
A PRN is a Packaging Waste Recovery Note issued by an accredited reprocessor, as evidence of the receipt of a certain tonnage of packaging waste for reprocessing within the UK.
A PERN is a Packaging Waste Export Recovery Note issued by an accredited reprocessor, as evidence of the export of a certain tonnage of packaging waste for reprocessing outside the United Kingdom.
A reprocessor is an accredited recycler or waste exporter for the purposes of recycling who converts the packaging waste, discarded by UK businesses and households, into reusable raw materials.
How can our PRN services help your business?
We have 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. If you are a reprocessor or exporter, a packaging compliance scheme or direct registrant, our in-house trading team can offer flexible options for Packaging Recovery Notes (PRNs). Get in touch with a member of our team or get a quote from us today.
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