NEWS IN BRIEF...
An affiliate of KT Capital has acquired a majority interest in turnkey systems integra- tor Recycling Equipment Incorporated (REI), which operates from facilities in Newton, North Carolina, and Fort Worth, Texas.
www.gogreenrei.com
RIGK has joined the MyRecycledContent database, an initiative by European industrial return systems aimed at promot- ing the use of recycled plastics in packaging, as the iniative’s German partner. The platform provides a centralised data registry that helps companies find packaging solutions containing certified recycled content.
www.rigk.de www.myrecycledcontent.eu
UK-based Duclo Recy- cling, part of the Duo Packaging Group, has invested more than £160,000 in manufacturing capabilities, including a new Erema laser filter which will work as part an existing system.
https://duclorecycling.com
Investor takes majority stake in Bollegraaf
Norwegian investment firm Summa Equity has acquired a majority stake in Bol- legraaf, the Netherlands- based group involved in sorting technology and plants for plastics and other material waste streams. “We are convinced that in
partnership with Summa, Bollegraaf can accelerate further growth and drive the transition to a circular economy,” said Edmund Tenfelde, CEO of Bollegraaf. “Together with Summa, we can invest in innovation and advanced technologies and improve the solutions for our clients through strategic acquisitions. Summa’s industry advisor network is also playing a crucial role in uncovering new opportuni- ties to enhance our efforts.” Bollegraaf is a long- established engineering group and supplier to waste management companies. To date the group has installed over 4,000 systems around the world and says it has built a solid reputation
Bollegraaf has invested in AI sorting technology company Greyparrot and will be its worldwide distributor
based on the quality of its equipment in terms of separation performance, robustness, and ease of maintenance. The group operates under the brand names Bollegraaf Recycling Solutions and Lubo Recy- cling Solutions and is represented in North America by Van Dyk Recycling Solutions. Bollegraaf has entered
partnerships focused on plastics recycling including an agreement earlier this year with UK-based Grey-
parrot. As part of the agreement, Bollegraaf has transferred its AI vision business to Greyparrot and is investing $12.8m, while obtaining a stake in the company.
It will also serve as a worldwide distributor and strategic partner for Greyparrot’s Analyzer AI camera systems. Summa’s acquisition is pending regulatory approv- als and is expected to close in October. �
www.summaequity.com �
www.bollegraaf.com
Latest circular economy company rankings
BloombergNEF has assessed 20 brand owners and 20 plastic produc- ers for its latest Circular Economy Company rankings, which measures companies’ progress toward a circular economy based on publicly an- nounced targets and commitments. Coca-Cola, L’Oréal, and PepsiCo have been named the leading brand owners while on the plastic producers’ side, LyondellBasell, Braskem, and Dow make up the top three. Indorama
6
Ventures and SCG Chemical also scored well, with Ineos and Chevron Phillips dropping out of the top ten. Borealis fell from top position to sixth. Most of the ranked producers are pursuing chemical recycling projects. L’Oréal and Danone have the highest current share of packaging from bio-based or recycled sources, accounting for over 30%. However, 2025 targets will require them to increase this figure by around 8-10%
PLASTICS RECYCLING WORLD | October 2024
per year, much faster than they have achieved in the past. BloombergNEF says overall, the
analysis reveals a general slowdown with regards to achieving a circular economy, with many companies highlighting difficulties in sourcing sustainable feedstock and materials and a lack of infrastructure for sorting and recycling, all against the back- drop of rising costs. �
https://about.bnef.com
www.plasticsrecyclingworld.com
IMAGE: BOLLEGRAAF
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