In line with its No Waste vision, Coveris is introducing a new business segment named ‘ReCover’, bundling all efforts in waste sourcing, processing, and recycling to close the loop for circular plastic recycling.
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Concept of announcement
ReCover will act as a separate company supplying Coveris sites on an arm's length basis but also supplying third party customers that are interested in recyclates on a quality level that are not available in the market today.
As part of its sustainability strategy, Coveris has already announced the ambition of reducing waste in all its forms. Expanding its recycling capacity and capabilities is just the next logical step for avoiding pollution and supporting customers in their sustainability efforts.
Jakob A. Mosser, CEO Coveris, said: “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. ReCover is a platform for all mechanical recycling activities but also leads our developments to achieve food contact compliant materials.”
To expand its recycling capabilities Coveris has recently acquired the site and assets from Capital Valley Plastics (CVP) Blaenavon in Wales, UK. CVP is a PE recycler, processing post-consumer and post-industrial waste via in-house mechanical recycling extruded mostly into building films. The Blaenavon site is equipped with mechanical recycling technology, with an annual capacity of 20,000 tons.
Mosser added: “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. This new recycling acquisition marks a perfect start for our new company ReCover and our quest to continuously enhance our recycling offers to our customers, truly closing the loop and bringing us closer to our vision of No Waste.”
