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<p>Chemical recycling covers a range of emerging technologies that could potentially
offer a complementary recycling route for plastics where mechanical recycling is impractical
or uneconomic. The Government has funded innovative demonstrator projects, including
on chemical recycling, through UK Research and Innovation’s Smart Sustainable Plastic
Packaging programme. In April of this year HM Treasury announced plans to consult
on whether and how chemically recycled content could be accounted for in the Plastics
Packaging Tax using a mass balance chain of custody model.</p><p> </p><p>The Government
works with public finance institutions such as UK Infrastructure Bank, British Business
Bank, UK Research and Innovation, Export Credit Agency and UK Export Finance, to support
investment in green technologies.</p>
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