Dutch company launching $100 million PP, PE recycling plant

PLASTICS NEWS REPORT

Published: April 18, 2014 10:42 am ET
Updated: April 18, 2014 10:45 am ET

Related to this story

Topics Materials, Sustainability, Europe, Recycling, Materials Suppliers

Quality Circular Polymers is building a new plastics recycling operation in Geleen, the Netherlands’ Chemelot industrial chemical site, with a capacity of 100,000 metric tons of polypropylene and polyethylene per year, at full production.

The total investment will be 75 million euros ($103 million), over three phases. The first phase, an investment of 35 million euros ($48.3 million) is expected to go into production by the end of 2015, creating up to 40 jobs. At full production, the plant should employ 100 direct jobs.

Leading QCP are two entrepreneurs with experience in petrochemicals — CEO Huub Meesen and Marc Houtermans, chief operating officer. The investor is the newly formed Chemelot Ventures, which is the successor of Limburg Ventures. The co-investor is LNV Industriebank LIOF, the regional Limburg investment firm.

QCP is working with SITA Netherlands, the recycling and waste-to-energy unit of French water treatment and waste management company Suez Environnement SA, according to executives of the recycling company.


Comments

Dutch company launching $100 million PP, PE recycling plant

PLASTICS NEWS REPORT

Published: April 18, 2014 10:42 am ET
Updated: April 18, 2014 10:45 am ET

Post Your Comments


Back to story


More stories

Image

Prices trending up for some recycled resins

July 24, 2014 1:27 pm ET

Plastics News is correcting prices for recycled grades of several commodity resins on this week's resin pricing chart.    More

PetStar doubles capacity at Mexico recycling facility

July 24, 2014 2:10 pm ET

Mexican recycling giant PetStar SAPI de CV, owned by the System of Coca-Cola Bottlers in Mexico, has doubled the capacity of its facility to 130...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

US Bioplastics receives funding to bring Gatoresin to the market

July 24, 2014 1:44 pm ET

Materials maker U.S. Bioplastics is hoping its Gatoresin product will take a bite out of the bioplastics market, thanks to funding from a state...    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC, a...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events