Closed Loop Recycling, the world’s first food grade PET and HDPE plastic bottle recycling plant in which Foresight is an investor, today confirmed it has completed an agreement with one of Europe’s leading waste management companies, Shanks to supply London’s domestically-sourced waste plastic bottles to Closed Loop’s innovative recycling facility in Dagenham.
This announcement comes at a time when demand for domestic recycled plastic food packaging content is at an all time high, with big name brands such as Britvic, Nampak and Marks & Spencer signing up to receive material from Closed Loop’s world-leading facility.
Chris Dow, Closed Loop Recycling’s Managing Director said:
"There’s more demand than ever for high quality, domestically processed rPET and rHDPE here in the UK. Our order book is full of big name brands which are keen to produce sustainable packaging and support domestic recycling. We’re delighted to have Shanks join us as a supplier and demonstrate their commitment to the local reprocessing industry by making available a quality stream of resource material.
"We’ve also just installed brand new, state-of-the-art decontamination equipment which means we can run at full capacity to meet the demand.”
Ian Goodfellow, Managing Director of Shanks UK, added:
"We’re proud to be associated with Closed Loop Recycling and our agreement confirms our commitment to domestic recycling here in the UK, which reduces the waste sent to landfill or shipped overseas.”
Closed Loop Recycling’s innovative sorting and reprocessing technology enables it to sort, granulate, wash and super-clean 35,000 tonnes of recovered plastic bottles per year, including milk and soft drink bottles, and turn them back into recycled raw material for new food and drink packaging. The plant diverts a significant amount of waste from both landfill and export and using the recycled plastic produced to make new bottles and cups can reduce their carbon footprint by up to 25%.
In recognition of the high quality of material it produces, the company has recently achieved two quality accreditations – LabCred* and ISO9001.
Notes to Editors:
*The LabCred standard, which is recognised by major retailers, is based on the promotion of quality management and good operating practice in food, drink and allied industry laboratories, including finished product, raw materials and production processes. Closed Loop Recycling’s Dagenham plant has achieved this accreditation which means its laboratory facilities and the abilities of its staff have reached a recognised standard.
About Closed Loop Recycling
Closed Loop Recycling’s facility in Dagenham is the World’s first food grade mixed plastic bottle recycling plant. State-of-the-art sorting and reprocessing technology enables it to sort, granulate, wash and super-clean 35,000 tonnes of recovered plastic bottles, including milk and soft drink bottles which are typically from local authority collections, and turn them back into recycled raw material for new food and drink packaging. The plant diverts a significant amount of waste from both landfill and export and using the recycled plastic produced to make new bottles can reduce their carbon footprint by up to 25%.
The first customers to purchase the recycled food grade plastic from the plant include Britvic, Solo Cup Europe and Marks & Spencer.
The plant has been funded by private equity, with Foresight Group providing the majority of financing alongside seed funding from Closed Loop Environmental Solutions in Australia and grants from WRAP (Waste & Resources Action Programme), the Government-backed waste minimisation and recycling body, and the London Development Agency.
About Shanks Waste Management
Shanks Waste Management Ltd is part of the Shanks Group plc Europe’s largest listed independent waste management company. The Group’s vision is to be Europe’s leading provider of sustainable waste management solutions and has operations in the Netherlands, Belgium, UK and Canada. The Group employs approximately 4000 and achieves an overall recycling and recovery rate of circa 60%. Shanks Group plc (sks) is listed on the London Stock Exchange.