Volatile exchange rates and rising gate fees may be putting UK based RDF exporters under financial pressure.
Exchange Rate Volatility
Exchange rates have shifted rapidly in the wake of the UK’s referendum vote to leave the European Union on 23 June. At the time of writing £1 is equivalent can buy around €1.18, having been nearer €1.28 at the start of June.
Rising Gate Fees largely caused by 3 factors.
- an increase in RDF production in the UK
- seasonal variation reducing the demand for RDF-generated power in the summer months
- and economic growth in the importing countries, which has led to greater volumes and subsequent availability of domestic waste.
Exports of RDF from the UK to Europe have grown significantly in recent years, with shipments of material topping 2.7 million tonnes in 2015, up from just 272,000 tonnes in 2011. This growth has in part been fuelled by a relative lack of energy-from-waste plants in the UK to burn waste, compared to European countries such as Germany and the Netherlands, where plants have excess capacity to be filled.
If you have a product/service enquiry or if you are looking to invest in a new piece of waste machinery, please contact us and a member of the M&K team will contact ASAP.
By telephone +44 (0)28 87 758 396
By email for sales enquires [email protected]
55, Cappagh Road,
Galbally, Dungannon, Co Tyrone