A contract to recycle over 100,000 tonnes of PET and HDPE bottles has been awarded to Closed Loop Recycling by Veolia Environmental Services.
The decision follows Veolia’s strategic and long-term review of its supply chain and a £5 million investment in its own nearby sorting facility in Rainham from where the plastic bottles will be supplied to Closed Loop’s facility in Dagenham.
Closed Loop Recycling’s plant has been operating since December 2008 and currently reprocesses more than 4 million bottles per day with a significant increase in capacity planned in the next year.
Veolia Environmental Services executive director, treatment Gavin Graveson said: “Working in partnership with Closed Loop we have supported the domestic plastic recycling market and the new contract will build on that success. Plastic collection, sorting and recycling is now firmly embedded in the UK’s waste strategy, as a direct result of the willingness of both companies to invest in the sector.”
Closed Loop Recycling chief executive Chris Dow added: “We have enjoyed a strong relationship with Veolia since our plant’s inception and it is already our largest supplier of bottles. We are delighted that our two companies have been able to confirm this new agreement which will help take Closed Loop Recycling to new heights.
“As one of Europe’s leading recycling companies, Veolia has been central to providing high quality recycled plastic feedstock to the industry. The five year contract shows a new stage in the development of the plastic recycling industry, with more demand than ever for high quality, domestically processed rPET and rHDPE here in the UK for leading brands such as M&S and Britvic.”