The joint venture between Coca Cola Enterprises and ECO Plastics will be called Continuum Recycling.
According to the two companies, the new name has been designed to reflect the fact that the JV will establish a continuous process for the reprocessing of plastic bottles in the UK.
ECO Plastics managing director Jonathan Short said: “Today’s news is important because it demonstrates again our commitment and progress towards realising what will be a revolutionary project for the British recycling and beverage industries. I’m delighted that we are on track to deliver against the ambitious project timetable.
“ECO Plastics’ plant is already the largest and most sophisticated in Europe and having put the finishing touches to a £24 million financing package in the last month, we will now be able to increase capacity from 100,000 tonnes to 140,000 tonnes of mixed plastic bottles per year, just under 50 per cent of the total collected last year.”
Construction work on the new £15 million expansion of the ECO Plastics facility that will be run by Continuum is also making progress. Ground works, foundations and a new road have all been completed and ECO Plastics is looking to begin the recruitment process for 30 new employees that will be needed.
Coca Cola Enterprises commercial recycling manager Nick Brown said: “We are delighted to see that work has started on the new facilities where Continuum Recycling will reprocess bottles to produce high quality material for reuse in our packaging.”