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Finance of £17.1m secured for plastics recycling plant

A £17.1m funding package for a 80,000 tonnes capacity plastics recycling plant has been secured by a partnership of European Metals Recycling and MBA Polymers. The Royal Bank of Scotland provided the money for the joint venture, MBA Polymers UK, to support the purchase and development of the site in Worksop, Nottingham. Work on the plant has started with completion expected in early 2010. The plant will specialise in recovering plastics from upgraded shredder ...