MOSCOW (MRC) -- Belgian plastics firm Ravago has acquired UK recyclers Venture Polymers and Aurora Manufacturing for an undisclosed sum, said the company.
Cheshire-based Venture and Lancashire-based Aurora produce reprocessed PP and HDPE, with a joint 20,000 tonne capacity. Ravago said it intends to grow its operations further in the UK.
Manuel Gayo, Ravago Manufacturing Europe business director, said: “This is a key step in Ravago’s growth strategy in post-consumer recycling based compounds as we continue to support our customers with solutions to meet the ever-increasing demand for post-consumer recycled plastics."
Alex Cook, Aurora Manufacturing managing director, said: “Following two decades of work within the UK plastics recycling industry we are pleased to announce the acquisition of our businesses into the Ravago group.
As per MRC, Neste and Ravago aim to establish a joint venture to build an industrial facility for chemical recycling in North Sea Port in Vlissingen, the Netherlands. The facility is intended to be the starting point of joint global chemical recycling (often also called “advanced recycling”) activities, built upon the advancement of the thermochemical liquefaction technology of US-based Alterra Energy, an innovative chemical recycling technology company.
As MRC reported earlier, Ravago Group has carried out routine maintenance at its expandable polystyrene (EPS) plant in Schkopau, Germany. Thus, the turnaround at this plant with a capacity of 70,000/tonnes of EPS per year began on April 20, 2021, and was completed on April 28. Thus, the maintenance works at this plant lasted for one week.
Ravago represents more than 6.6 million metric tons of annual polymer sales, serving more than 50,000 active customers through more than 325 locations across more than 55 countries worldwide. Ravago's production capability consists of more than 45 manufacturing facilities, 19 of which are recycling and compounding plants in North America, Europe, Asia and Africa with a combined annual capacity of more than 775,000 metric tons; 13 of which are production plants in Europe that offer finished product solutions for the building sector; and seven of which are chemicals plants and 6 are application laboratories for its chemicals business.