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Low Oil Prices Hurt Recycling Industry

A former World War II bomber hangar in Binbrook, U.K., is used by CK Group to house materials for recycling. (Georgi Kantchev/The Wall Street Journal)
A former World War II bomber hangar in Binbrook, U.K., is used by CK Group to house materials for recycling. (Georgi Kantchev/The Wall Street Journal)

Low oil prices are starting to have an impact on an industry that might surprise people – recycling.

As The Wall Street Journal reports, “Plastic is often derived from oil, and there used to be money in recycled scrap. Not anymore. The fall in oil prices has dragged down the price of virgin plastic, erasing the recyclers’ advantage.”

Here & Now’s Jeremy Hobson speaks to Georgi Kantchev of The Wall Street Journal about the impact of oil prices on recycling.

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