GreenFiber invests €35 mln in plant for synthetic fibres made from 100% recycled PET in Romania

19-Oct-16

GreenFiber International, part of Green Group, the largest integrated recycling park in South-Eastern Europe, invests 35 million EUR in its third production plant for synthetic fibers made out of 100% recycled PET in Romania. With a total production capacity of 30,000 tpa of synthetic, the new plant will be located in Urziceni, following the buying of ROFEP property, and is estimated to be operational in Q1-2017. Furthermore, the company is planning a new investment to double the Urziceni capacity by 2018. Adding also Buzau and Iasi, the national production capacity of GreenFiber will be 113,000 tpa in the final stage of development.
Within the production process in GreenFiber, PET flakes resulted from the sorting, crushing and washing of PET bottles, are melted into thin threads and transformed into synthetic fibers, an output resembling natural wool. For the new production sites to work at full capacity, 162,000 tpa of PET bottles will have to be processed, which is more than the total amount of PET put annually on the Romanian market.