A plant, run by Closed Loop London (CLL), is to be built with £12 mln (€17.6 mln) through a joint private and public sector funding, will turn polyethylene terephthalate (PET) bottles into packaging for the food, and potentially cosmetic industry. Approximately 35,000 tons of cosmetic and food packaging will be recycled each year when the plant opens in December in 2007.
This investment is likely to ease the pressure faced by packagers to reduce the waste that is sent to landfills and abroad for recycling, and give the UK its first world class facility for processing its plastic waste. This investment will ensure that UK does not export PET for reprocessing into low grade applications.
The plant will use technology developed by South Carolina-based United Resource Recovery Corporation to sort, granulate and super clean the recycled plastic bottles to produce a packaging approved for food contact in the US and Europe. Marks & Spencer is the first major retailer to commit to sending plastic waste from its London stores to the Closed Loop London plant for recycling.
The project has received funding from Foresight Venture Partners and a banking facility from Allied Irish Bank (GB), and is also supported by public sector funding from the London Development Agency (LDA) and the Waste & Resources Acton Programme (WRAP).
14-Mar-07 
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