Hormuz Closure Boosts Cairo Recycling
The article discusses the increasing demand for plastic recycling in Egypt due to disruptions in raw material markets caused by the closure of the Strait of Hormuz, along with the steps factories are taking to supply the market. It highlights that the prices of certain types of plastics have risen by up to 60%, alongside a 200% increase in demand. This disruption has boosted the recycling industry in areas such as Mansheyat Nasser in Cairo, with factories' demand for recycled materials growing. However, workers expect that the demand will return to its previous levels once supply routes stabilize.
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