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

Recycling trade group growing in size, resources

February 27, 2015 4:50 pm ET

DALLAS — The executive director of the Association of Postconsumer Plastic Recyclers is partial to calling his group the little engine that...    More

Image

Silicone baby teether company working with Massachusetts recycler

February 26, 2015 1:14 pm ET

A recycling company and a startup will try to keep silicone baby products out of landfill.    More

Image

Price and sustainability both key to success for carpet recycler

February 26, 2015 1:28 pm ET

DALLAS — A green message will get you in the door, but ultimately that sustainability message has to be backed up with quality at the right...    More

Image

Expert says more action needed to solve ocean plastics problem

February 25, 2015 5:59 pm ET

DALLAS — Private companies are going to have to step up to the plate and open their wallets if the world ever wants to solve the growing...    More

Image

Referendum on bag ban going to California voters

February 24, 2015 6:34 pm ET

California's voters, not legislators, will be the ones to ultimately decide on the state's plastic bag ban.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events