HEMSWELL, ENGLAND (May 11, 1:45 p.m. ET) — Environment minister Lord Taylor officially opened the 15 million pound ($24.1 million) Continuum Recycling Ltd. plant in Hemswell on May 10, declaring the joint venture between Coca-Cola Enterprises Ltd. and Eco Plastics as “an innovative partnership.”
“Recycling is a growth industry and investment in these types of projects not only makes good business sense, it will also help us achieve our ultimate aim of a zero-waste green economy,” he said.
The plant, said to be the world's largest plastics recycling facility, will be capable of reprocessing 150,000 metric tons of mixed plastics a year, including 40,000 metric tons of bottle-grade PET.
Simon Baldry, managing director of Coca-Cola Enterprises, said the new plant would ensure that his company fulfills its commitment to incorporate 25 percent of recycled PET in all its plastic drinks bottles by the end of this year.
“Our investment in Continuum Recycling shows that we are serious about setting the industry standard for sustainable packaging,” he added.
Coke, a leading sponsor for the London Olympics, expects to sell 20 million bottles of drinks at the games, with every bottle collected for recycling being reprocessed at the Continuum plant.