Quality Circular Polymers is building a new plastics recycling operation in Geleen, the Netherlands’ Chemelot industrial chemical site, with a capacity of 100,000 metric tpa of polypropylene and polyethylene at full production, as per Plastics News.
The total investment will be 75 mln euros (US$103 mln), over three phases. The first phase, an investment of 35 mln euros is expected to go into production by the end of 2015. The investor is the newly formed Chemelot Ventures, which is the successor of Limburg Ventures. The co-investor is LNV Industriebank LIOF, the regional Limburg investment firm. QCP is working with SITA Netherlands, the recycling and waste-to-energy unit of French water treatment and waste management company Suez Environnement SA, according to executives of the recycling company.
21-Apr-14 
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