Eco Baltia opens PET recycling plant in Latvia

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: July 4, 2013 11:11 am ET
Updated: July 4, 2013 11:13 am ET

Related to this story

Topics Sustainability Recycling
Companies & Associations

Eco Baltia, the leading integrated waste management firm in the Baltic States has launched an 8,500 tpa recycled PET production plant in Jelgava, south of the Latvian capital Riga.

The Riga-based group, which collects, sorts and recycles plastics waste material, has invested 5.3 million euros to establish the new PET facility through its recycling subsidiary Eko Baltija.

Eko Baltija's new facility has the capacity to turn out enough PET chips to make 270 million bottles, well over Latvia's current annual consumption of around 160 million PET bottles. The group plans to sell part of its output to the neighboring Baltic State of Estonia, it said.

"This is the only facility of its kind in the Baltic States," said Eco Baltia group's chairman and chief executive Artūrs Skroderis.

Apart from Eko Baltija, his group operates other recycling facilities comprising the PET flake recycling plant of Eko PET and Nordic Plast, Latvia's biggest polyethylene waste recycling operation.

The group has expansion plans for recycling. PET Baltija aims to develop crystallized PET pellets that can be used for food industry packaging and Nordic Plast wants to add a new line to make polypropylene pellets from woven bags. Eco Baltia, which is seeking acquisitions in its region, also aims to recycle construction waste, it said.

In March 2013, Eco Baltia group consolidated its waste collection businesses with the merger of three subsidiaries: Jūrmalas ATU, Eko Rīga and Kurzemes ainava to form Eco Baltia Vide. It serves 30,000 customers across 22 regions of Latvia.

The merger was aimed at improving group services, boosting its competitiveness and ensuring "growth and development sustainability", Eco Baltia stated.

In 2011, the group recorded a net profit of 4.8 million euros on consolidated annual sales of around 37.8 million euros. Today, more than half of its revenue is generated from the growing waste recycling segment.


Comments

Eco Baltia opens PET recycling plant in Latvia

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: July 4, 2013 11:11 am ET
Updated: July 4, 2013 11:13 am ET

Post Your Comments


Back to story


More stories

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

California may require more recycled content in bottles

April 24, 2015 11:16 am ET

California lawmakers are considering a pair of bills that would bump up the required recycled content in plastic bottles for beverage companies to...    More

Image

KHS cuts packaging with direct printing on PET bottles, adhesive multi-packs

April 23, 2015 1:39 pm ET

KHS GmbH has been pouring a lot of time into solving issues related to direct printing on PET bottles, and after eight years of work, everyone...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

MeadWestvaco joins the Recycling Partnership

April 23, 2015 11:19 am ET

MeadWestvaco Corp., a global packaging company with some operations in plastics, is joining the Recycling Partnership.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events