WASHINGTON — New York City’s proposed ban on polystyrene foam packaging could cost nearly $100 million annually and hurt businesses across the state, according to a new study.
The study, conducted by research firm MB Public Affairs on behalf of the American Chemistry Council, shows that such a ban could nearly double food service packaging costs — while doing little to actually reduce waste.
“Total costs to replace plastic foam foodservice and drink containers and trays with the lowest-cost alternative are estimated at $91.3 million [per year.] This level translates into an effective minimum average cost increase of 94 percent,” the study says.
“In other words, for every $1.00 now spent on plastic foam foodservice and drink containers, NYC consumers and businesses will have to spend at least $1.94 on the alternative replacements, effectively doubling the cost to businesses.” Read more