- THE MAGAZINE
- VERTICAL MARKETS
The Closed Loop Recycling Ltd. plant will handle 35,000 tons a year of plastic bottles, turning them into recycled raw material for new food and drink packaging. The closed-loop aspect of the operation is unusual. Most recycling operations turn food packaging into textiles or other non-food items, due to stringent regulations governing the use of recycled materials for food-contact applications.
The Closed Loop Recycling plant is being funded by private equity, along with grants from Waste & Resources Action Programme (WRAP), a UK government-sponsored agency dealing with waste minimization and recycling. Customers include Coca-Cola Enterprises and the Marks & Spenser grocery chain.