MOSCOW (MRC) -- Portuguese packaging production company Logoplaste has acquired Ecoiberia and WorldPET, two Portugal-based polyethylene terephthalate (PET) recyclers, said Packagingconnections.
Ecoiberia manages 47,500 tons of plastic a year, producing recycled PET (R-PET) flake, while WorldPET has the capacity to produce up to 12,000 tonnes/year of food-grade R-PET.
The acquisition, Logoplaste hopes, will help the company and its partners reach 30% recycled content for its beverage packaging by 2030.
This acquisition is a strategic step for Logoplaste towards a circular economy for plastic packaging. The combination of Logoplaste with the extensive recycling knowledge of EcoIberia and WorldPET, will allow the Group to provide its customers with truly circular packaging solutions that drastically reduce carbon footprint and the impact on the environment. Logoplaste and its partners are committed to reach 100% of recyclable packaging and a target of 30% recycled content for beverage packaging by 2025.
As it was written earlier, Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals and fertilizers, and the Reclay Group, international experts in environmental and material recovery management, announce that they have joined forces to satisfy increasing market demand for the supply of recyclate material for use in high-end plastic applications.
We remind, the Dutch recycler Morssinkhof-Rymoplast and the Danish deposit system Dansk Retursystem have taken their long-lasting collaboration to a new level by extending the existing bottle-to-bottle loop for clear and light blue bottles to include green PET beverage bottles in line with the principle of circular economy.
Logoplaste is a global value-added service provider and producer of rigid plastic packaging for wellknown fast moving consumer goods companies in the food and beverage, cosmetics, personal care and household industries. Founded in 1976, the company is the pioneer in the wall to wall, embedded manufacturing model, significantly reducing CO2 emissions by eliminating transportation of empty bottles and secondary packaging, improving the overall environmental impact across the entire supply chain. Logoplaste currently manages 63 plants in 16 countries: Brazil, Belgium, Canada, Czech Republic, France, Italy, Poland, Mexico, Netherlands, Portugal, Russia, Spain, Ukraine, United Kingdom, USA and Vietnam.