The owner of Viridor has said that it expects earnings from recycling to be lower in the second half of its financial year as a result of the impact of losing China as a market for plastics and mixed paper.
In a trading statement for its results until 31 March 2018, to be published in May, Pennon Group said: "In recycling, Viridor is focused on mitigating the impacts of China’s changes in recyclate import regulations, through developing new markets, continued contract optimisation and innovation. As such, Viridor anticipates lower H2 EBITDA from recycling although this is not expected to . . .
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