UPM reaches phase II of Sappi venture
Material manufacturers, UPM and Sappi, have reached the next stage of their Joint Venture which was first announced in December last year
European packaging company, Coveris, has introduced a new recycling segment to its business
As part of its No Waste vision, packaging manufacturer Coveris, has introduced a new part of its company named ReCover, in an effort to combine its work in waste sourcing, processing, and recycling.
Coveris hopes the business will close the loop for circular plastic recycling and act as a partner to Coveris sites on an ‘arm’s length basis’ while also supplying third party customers interested in recyclates (something that has been made from recycled materials).
In addition to this new venture, Coveris has recently acquired the site and assets Capital Valley Plastics (CVP) Blaenavon, Wales. As a well-established PE recycler, the Blaenavon site is equipped with the latest state-of-the-art mechanical recycling technology with an annual capacity of 20,000 tonnes.
Jakob A. Mosser, chief executive officer of Coveris, comments: “With ReCover, we have launched a game-changing process unique within the entire industry. With several high-impact projects in the pipeline, we are aiming at establishing a stand-alone business unit in the next couple of years, entirely dedicated to circular economy and closing the loop.”
Coveris has already announced ambitions to reduce waste in all its forms, the latest expansion is said to be the next “logical step for avoiding pollution and supporting customers in their sustainability efforts”.
Mosser adds: “The newly acquired Blaenavon site and assets will serve as an important recycling hub for Coveris’ Films and Flexibles operations, closing the loop for customers and for our own film production across the network.”
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