UK-based recycling company Viridor has secured a contract to supply materials for manufacturing soft drinks packaging to plastics recycling firm ECO Plastics.
Viridor will deliver 10,000t of plastic bottles to the company during 2014, representing around 8% of ECO Plastics' total production capacity.
ECO Plastics deputy chairman Jonathan Short said that the announcement marks the latest phase in the company's plan to offer more strategic, long-term partnerships to its key suppliers.
"Buying material on the spot can at times deliver robust prices, but it provides very little certainty over future revenue levels," Short added.
Viridor resource management director Herman van der Meij said that practical partnerships and cross-sector collaborations are essential if the company is to move towards a real circular economy.
"This deal shows leading businesses working together across the value chain, from goods manufacturing, retail, collection and sorting to reprocessing and remanufacture," he said.
Viridor processes around 35% of the total bottles collected in the UK each year through its facility in Hemswell, Lincolnshire. The facility has a sorting capacity of 150,000t of mixed plastics.
Image (L-R): Nick Brown, Coca-Cola Enterprises; Jonathan Short, Eco Plastics and Herman van der Meij, Viridor. Photo: courtesy Viridor.