In a bid to become the UKs food-grade recycled plastics market leader, AWS Ecoplastics has started its second phase of expansion backed by a £6 million investment.
With the cash AWS aims to create the worlds largest facility with food grade capacity at its Hemswell plant in Lincolnshire.
AWS managing director Jonathon Short explained that the first phase, to increase PET and HDPE bottle processing capacity to 100,000 tonnes a year, was now complete. He said the money from investors the Sustainable Technology Fund (STF) -backed by E-Synergy - and private equity fund Robeco will support construction of a separate building for the food grade line, which he said should be completed by the end of the year.
STF investment director Sam Richardson said: There are significant drivers working in [AWSs] favour, including customer demand on drinks companies to use more recycled content along with regulatory pressure to reduce materials going to landfill.
Short also revealed plans to build a second UK plant and said he was considering European expansion.
Commenting on the recent start up of Closed Loop Recyclings 35,000 tonnes a year food grade plant in Dagenham, London (MRW June 26) Short said: The big difference between CLR and AWS is that weve been in the bottle sorting industry for two years, which gives us the confidence to expand our plant to 100,000 tonnes a year.