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Packaging Recovery Notes
PRN stand for Packaging Recovery Notes, the certificates of evidence needed by businesses to prove that a tonne of packaging has been recycled, recovered 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 invested back 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 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 then prices are likely to increase in response, but a perceived excess of PRNs often makes the prices 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.
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.
We understand that complying with environmental regulations can be daunting, but we can do the hard work on your behalf.
Our specialist team helps our packaging compliance members apply the packaging waste regulations to their company packaging. Join our scheme and we will provide assistance with your packaging obligation calculations, data submissions and PRN procurement, ensuring the process is as efficient and accurate as possible.
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