Itelyum has acquired a significant stake in Plasta Rei to enhance its production of chemically recycled PET in Italy, aligning with sustainability goals and the European Green Deal.
Information on the Target
Itelyum is positioning itself to become a leading producer of chemically recycled PET in Italy through its acquisition of a substantial stake in Plasta Rei. This strategic investment underscores Itelyum's commitment to the principles of the circular economy and the sustainable management of special waste. By aligning its operations with the objectives outlined in the European Green Deal and the Circular Economy Action Plan, Itelyum is actively participating in the decarbonisation initiatives championed by major players in the plastics industry.
The partnership will enable the construction of an advanced chemical recycling facility in Cisterna di Latina, dedicated to recycling PET waste primarily sourced from food packaging. The facility aims to produce 100% recycled PET granules, which will offer quality comparable to virgin PET. This innovative approach is particularly noteworthy for its potential to facilitate a sustainable bottle-to-bottle recycling process.
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Industry Overview
The plastics industry in Italy has been undergoing significant transformation, driven by increasing regulatory pressures and a burgeoning public consciousness surrounding environmental sustainability. The European Union’s Circular Economy Action Plan aims to
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