The OM Environment Exchange was launched in November 1998. The long term aim is to develop a well regulated & transparent marketplace for recyclable commodities, financial instruments in those commodities & other environment related products, such as emission rights. Initially, trading in Packaging Recovery Notes (PRNs) will be offered for the UK market. Trading will be internet based and OM sees market growth potential throughout Europe. The OM Environment Exchange is a joint venture between OM and the Scottish firm, The Environment Exchange. OM will provide resources for research & development for environmental trading, & will assist with education & marketing. PRN prices for different recycled materials will be placed on an Internet billboard backed by a telephone service. The market is new & it is hard to predict how much trading will be generated.
