Food Grade Plastic Recycling Plant to Produce 10,000 TPA of HDPE : Veolia Acquires Closed Loops Plastic Recycling Assets in East London
Environmental services firm, Veolia UK, has acquired the manufacturing assets of East London plastic bottle recycling firm, Closed Loop Recycling, in Dagenham, East London.
Veolia said that the move will allow it to offer the complete range of services from the collection of waste plastic bottles direct from people’s homes or businesses, through all the recycling steps, and back to food grade pellets ready to be blown into new plastic milk bottles.
The company added that the deal will also boost the UK’s domestic recycling capability, create 30 permanent jobs and enable it to make and sell a high value product from the 200 million plastic milk bottles it collects annually.
Closed Loop Recycling was hit hard by the slump in oil prices, with its knock on impact on plastics recyclers. In May last year the company was acquired by Dubai investment firm, Euro Capital and continued to operate under the Euro Closed Loop Recycling name. However, with commodity prices remaining low in May this year the firm went into administration.
According to Veolia, with its backing the new business will produce around 10,000 tonnes of high quality food grade HDPE pellets annually and will complement its recent commitment as a Core Partner to the Ellen MacArthur Foundation’s campaign to support the Plastics Economy.
"We are very interested to collaborate in this space since co-operation with the manufacturing sector, the people actually making things from recovered materials, is essential in order to be successful for the long term,” explained Estelle Brachlianoff, senior executive vice president, Veolia UK and Ireland .
“This is a great opportunity to work in tandem with our Rainham plastic recycling facility to turn the high density polyethylene (HDPE) milk bottles back into bottles and we are excited at mastering the full supply chain by moving into this type of manufacturing,” she continued.
The Mayor of London, Sadiq Khan added: “I am determined to redouble efforts to increase the amount London recycles so I am delighted that Veolia has purchased this important facility.”
“This plant will be able to recycle all of the capital’s empty milk bottles – a mountain of waste that would otherwise have been sent to landfill. This is good news for London and good news for the environment,” concluded the Mayor.
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