Suez is buying into the European activities of global firm TerraCycle to develop collection and recycling programmes for challenging waste streams.
TerraCycle concentrates on more than 100 hard-to-recycle streams, and works with companies and councils across 20 countries worldwide to tackle post-consumer products and packaging, including flexible packaging, office supplies, beauty products, oral care and used coffee capsules.
Under the deal, Suez is taking a 30% stake in TerraCycle’s European operation covering the UK, Belgium, Finland, France, the Netherlands and Sweden.
In the UK, Terracycle works with McVities on its specialist wrapping for sweets and biscuits, while other clients include Bic and Kimberley Clark.
David Palmer-Jones, chief executive of Suez UK, said the investment would harness the combined skills of both companies.
“The UK remains a key European market both for Suez and TerraCycle, and a market where, through innovation and collaboration such as this investment, so much more waste material discarded by business and industry could be put to better use.
“Using the knowledge of both companies, we can ensure that even the most complex and challenging waste streams are put to good use in a sustainable, long-term and economically viable way – whether it is coffee pods, cigarette butts, laminated biscuit wrappers or the next, as yet unknown, generation of tricky-to-recycle products.”
Tom Szaky, chief executive of TerraCycle, said: “The partnership will expand Suez’s public-facing recycling opportunities, while speeding up our development in Europe. With Suez’s expertise, we will offer more customised recycling solutions tailored to various waste streams.”
TerraCycle establishes collection programmes with volunteers sponsored by companies, local authorities or recycling services paid for by companies.