Closed Loop to open plants across the UK

07/29/2010

Closed Loop Recycling, a UK producer of food grade rPET and rHDPE, has hired advisors from investment bank UBS to raise £30m to finance its expansion plans, which include a series of plants nationwide.

Top of the recycler’s priorities is the development of its second plant on Deeside which, when complete, will process up to 50,000 tonnes of waste plastic bottles a year into material suitable for new bottles and other food-grade packaging for companies such as Coca-Cola Enterprises, Solo Cup Europe, Nampak, Logoplaste and Alpla...




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