Gurit Italy acquire PET recycling production facilities

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Powerhouse Energy developer Waste2Tricity (W2T) has signed a binding memorandum of understanding with recyclers Advanced Sustainable Developments (ASD).
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Manufacturing firm Gurit’s newly formed division Gurit Italy PET Recycling S.r.l has signed an agreement to acquire PET recycling production facilities from Valplastic S.r.l in Italy for an undisclosed price. 

The closing of the transaction is expected at the end of May 2019 and is subject to customary closing conditions being met. 

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