British waste management company Biffa has purchased Esterpet, a polyethylene terephthalate (PET) plastic recycling company.
North East Post reported that in addition to the acquisition of Esterpet, Biffa also purchased a minority stake in Esterpets sister company, PET preforms manufacturer Esterform.
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Based in North Yorkshire, Esterpet operates an advanced recycling plant near Leeds where it annually converts 25,000 tonnes of plastic flakes derived from plastic bottles into high-purity plastic pellets.
The pellets produced by the facility are used in manufacturing plastic bottles for beverages, cosmetics and household goods.
By partnering with Esterform and its other partners, Biffa plans to help drive the UK’s circular economy for plastic packaging.
Biffa Polymers managing director Phil Goodier said: “At Biffa, we are dedicated to playing our part in delivering a net-zero, circular economy and it is vital that we continue to develop and invest in recycling infrastructure which can reduce the UK’s dependency on the export of plastics for recycling.
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By GlobalData“Biffa Polymers provides solutions for the majority of post-consumer rigid plastic packaging, using the best available recycling technology to produce raw materials that are a substitute for virgin plastic packaging.
“The acquisition of Esterpet is another step forward for the business, further enhancing our capability in recycled PET at a time when demand for our solutions is growing significantly, as consumers and regulators demand more sustainable alternatives.”
Biffa operates closed-loop food-grade plastic recycling plants in Seaham, Redcar and Washington, Tyne and Wear [England].
Last month, Biffa announced an investment of more than £80m to develop the infrastructure needed to deliver Scotland’s Deposit Return Scheme for bottles and cans.
