2017-08-22 Tue

The chemical composition of England’s polymer bank notes will continue to contain an animal-derived byproduct called tallow, as per an official statement. The only alternative would be palm oil derivatives which would affect the £5, £10, and upcoming £20 notes. Animal-rights activists and some religious groups were against the decision. A total of 3,554 responses to a consultation was received by the Bank, 3,010 were against tallow, 1,472 were against palm oil derivatives and 1,103 respondents were against both.

The Bank was unsure if they would find environmentally sustainable palm oil substitutes. Apart from that, the cost of switching to this alternative would be £16.5 million, or $21.5 million, over 10 years. Also, similar kind of plastic has been used to make everyday products and other payment methods.

The bank states that the polymer notes are more secure and durable. They also have a lower carbon footprint and are more "value for the money".