UK’s ECO Plastics starts building new recycling facility

21 September 2011 14:59  [Source: ICIS news]

LONDON (ICIS)--ECO Plastics has started building a new recycling facility at Hemswell in the UK as part of its joint venture with Coca-Cola, the bottle recycling firm said on Wednesday.

The plant is being built on the UK-based company's site in Lincolnshire and will supply Coca-Cola with recycled polyethylene terephthalate (R-PET).

ECO Plastics said the new facility will increase the amount of high-quality bottle-grade R-PET produced in the UK to more than 75,000 tonnes/year, more than doubling the current total. Coco-Cola previously said the facility would be fully operational in 2012, but did not give an exact start-up date.

The two companies entered into a joint venture in March 2011 to develop the purpose-built recycling facility.

In July, ECO Plastics said it had raised £24m ($37.5m, €27.6m) to drive expansion plans at Hemswell.

($1 = €0.73, $1 = £0.64, €1 = £0.87)

For more on polyethylene terephthalate visit ICIS chemical intelligence

By: Leigh Stringer
+44 208 652 3214

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