GreenDot and Synextra join forces in plastics recycling

GreenDot and Synextra have announced a strategic partnership in Italy and Europe to further expand and combine their expertise for the plastics recycling markets. The collaboration will focus on the processing of raw materials for chemical recycling and high-quality mechanically recycled compounds.

As part of the strategic co-operation the shareholder of Synextra, represented by Pioneer Point Partners („Pioneer“), joins the GreenDot Group.

„Together, we will continue to close the loop for hard-to-recycle plastic packaging and accelerate the development of our activities in the field of sorting and improving the quality of plastic recycling on a large scale. GreenDot continues to develop as planned. This includes the presence and development of recycling plants in the main European economies, based on vertical integration from raw material processing to recycling.“
Laurent Auguste, CEO of the GreenDot Group

Display

According to Synextra, in recent years it has acquired expertise in the areas of Sorting of plastic waste, mechanical recycling and supply of raw materials of systems for chemical recycling. The company currently supplies some of the largest plants in operation in Europe.

„Accessing and integrating this experience and expertise from Synextra within the GreenDot Group will enable both companies to accelerate the development of the circular economy“
Fabio Mosca, CEO Synextra

In line with the increased targets for the proportion of recyclates in packaging, which are based on the EU Commission's proposal for the PPWR, the recycling industry is facing a major change. GreenDot's approach offers direct access to recyclable material streams The Group is an important global provider of solutions for the plastics recycling industry through both mechanical and chemical recycling on an international level.

The common goal is to develop a holistic solution for the Recycling the widest possible range of plastic waste The focus is on waste streams that are not suitable for mechanical recycling. Today, this plastic waste is mostly incinerated or even landfilled. The strategic collaboration will enable a wide range of solutions for mechanical and chemical recycling on an industrial scale to bring plastic waste that has currently disappeared from the value chain back into the recycling loop.

Source: The Green Dot