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

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

PET to PET boosts recycling capacity

September 18, 2014 11:14 am ET

PET to PET Recycling Austria GmbH, a bottle-to-bottle PET recycling operation backed by Coca-Cola Hellenic Bottling and several beverage...    More

Image

Minnesota receives grant to help develop new bioplastics

September 17, 2014 4:08 pm ET

The University of Minnesota has received a $20 million grant to fund the development of new types of bioplastics.    More

Image

ACI expanding in South Carolina

September 17, 2014 12:56 pm ET

Reprocessor and recycler ACI Plastics Inc. is expanding in South Carolina.    More

Image

Symphony Environmental defends biodegradable plastics in recycling stream

September 17, 2014 11:47 am ET

Symphony Environmental Technologies plc, one of the world's largest oxo-biodegradable technology companies, has responded to a leading Mexican...    More

Image

On-line tool aims to increase recycling through common language

September 17, 2014 12:32 pm ET

A new online tool is out to get everybody speaking the same language when it comes to plastics recycling.    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events