Waste management business Biffa has completed a £10 million deal to buy Scotland’s only post-consumer plastics recycling facility (PRF) from Green Circle Polymers.
The Grangemouth facility is one of the largest PRFs in the UK, and each year it processes about 50,000 tonnes of plastics such as mixed plastic bottles and plastic tubs and trays to be used to create new recycled plastic material.
The acquisition strengthens Biffa’s market-leading plastics recycling capability by providing more recyclable plastic feedstock to support the group’s plan to quadruple plastic recycling capacity by 2030. The facility also has the capability to sort coloured plastic material and metal cans.
The acquisition comes ahead of the implementation of the Deposit Return Scheme in Scotland in 2022, which will make it easier for residents to recycle used bottles and cans, including PET plastic, metal and glass.
Michael Topham, Biffa CEO, said: “This acquisition builds on our leadership position in closed-loop recycling and strengthens Biffa’s capacity to process and recycle more plastic waste in Scotland.
“As a leading enabler of the circular economy in the UK, this investment helps us support Scotland’s vision of a greener future, as it prepares to introduce the Deposit Return Scheme to reduce littering and improve recycling levels.
Tom Gleeson, CEO of Green Circle Polymers, added: “This is an exciting move and I’d like to thank the loyal customers who have supported the business over the years. I know the management and staff will make a valuable contribution to the future of the business as part of the Biffa Group.”
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