Lamor Corporation and Resiclo Oy are set to build a plastic chemical recycling plant in Finland after the initial investment was made.
Finnish environmental solutions company Lamor has invested in the project and will now work with Finnish chemical recycling start-up Resiclo on detailed planning and starting the implementation of the plant. It will be the first chemical recycling facility in the country.
In the first phase, a 10,000 tonnes per year plant will be built in the Kilpilahti area in Porvoo, Finland. By 2026, Lamor aims to have chemical recycling capacity of 40,000 tonnes in the country.
Lamor chief executive Mika Pirneskoski: “This investment is the first significant step for Lamor to develop recycling of plastics. Our goal is to create a blueprint facility and references in Finland, after which we aim to utilise our international network to build similar recycling facilities in our strong market areas.
“One of our strategic targets is to be part of solving the global plastics problem with a 100-kiloton project portfolio of recycled plastics using our competitive advantages.”