Technological watch
Germany's recycling group, Italy's Synextra ink Europe-wide deal on waste streams / Focus on materials to feed mechanical, chemical reclaim
Germany's recycling group, Italy's Synextra ink Europe-wide deal on waste streams / Focus on materials to feed mechanical, chemical reclaimMajor German recycling group Grà¼ne Punkt Holding (Cologne; www.gruener-punkt.de), also known as Duales System Holding (DSD), said it will collaborate with Italian sorting firm Synextra (Milan; www.synextra.com/en) in the â??preparation of feedstock for chemical recycling and high quality mechanically recycled compounds.â?
The deal adds to the German company's push into chemical recycling (Photo: Der Grà¼ne Punkt)
The pact covers both Italy and Europe, the firm said, noting that the partnership comes â??in response to a rising need for recyclates from chemical recycling and for its respective feedstock. The growing demand for circular polymers and recycled content in packaging is driven by the EUâ??s newly proposed targets under the Packaging and Packaging Waste Regulation (PPWR). The companies will combine their capacities and experiences to leverage synergies, which will lead to better solutions and products for the needs of the circular economy across the EU and beyond.â?
Related: Change of ownership at Grà¼ne PunktÂ
Without further elaboration, the German company noted that as part of the â??strategic collaborationâ?, UK private equity firm and Synextra shareholder Pioneer Point Partners (London; https://pioneerpoint.com) has joined the Grà¼ne Punkt group.Â
According to Synextraâ??s website, the Italian company has been owned by a group of international investors led by Pioneer since 2011.02.10.2023 Plasteurope.com [253694-0]
The deal adds to the German company's push into chemical recycling (Photo: Der Grà¼ne Punkt)
The pact covers both Italy and Europe, the firm said, noting that the partnership comes â??in response to a rising need for recyclates from chemical recycling and for its respective feedstock. The growing demand for circular polymers and recycled content in packaging is driven by the EUâ??s newly proposed targets under the Packaging and Packaging Waste Regulation (PPWR). The companies will combine their capacities and experiences to leverage synergies, which will lead to better solutions and products for the needs of the circular economy across the EU and beyond.â?
Related: Change of ownership at Grà¼ne PunktÂ
Without further elaboration, the German company noted that as part of the â??strategic collaborationâ?, UK private equity firm and Synextra shareholder Pioneer Point Partners (London; https://pioneerpoint.com) has joined the Grà¼ne Punkt group.Â
According to Synextraâ??s website, the Italian company has been owned by a group of international investors led by Pioneer since 2011.02.10.2023 Plasteurope.com [253694-0]
This project has been co-funded with the support of the LIFE financial instrument of the European Union [LIFE17 ENV/ES/000438] Life programme
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