We were not entirely surprised to see that a Vice-President of the EU Parliament had been arrested for corruption, and that the homes and hotels of 18 MEPs and officials had been searched by the police, who found suitcases stuffed with banknotes.
The reason we were not surprised, is that we have never been able to understand how it was possible to impose a ban on “oxo-degradable” plastic products (by Art. 5 of the Single-use plastics Directive 2019/904) without any dossier from the European Chemicals Agency (ECHA) showing any justification for such a ban. To make matters worse, the Commission had actually asked ECHA (under Art 69 of the REACH Regulation) to study whether these products created microplastics. ECHA received hundreds of pages of evidence but were then instructed to terminate the study.
Symphony Environmental Technologies plc (LON:SYM) is a world leader in the development of additives to make ordinary plastic biodegradable and protective technologies to enhance plastic products.
