Renewi plc Announces Opening of New Hard Plastics Sorting Facility in Acht

Renewi plc (LSE: RWI.L: Euronext Amsterdam: RWI.AS), a European leader in the waste-to-product industry, recently unveiled its hard plastics sorting facility in Acht, The Netherlands. This move marks a significant step in the company's commitment to sustainable organic growth, as initially announced during its Capital Markets Day in October 2023. The investment aims to enhance the recycling of hard plastics, which are prevalent in products ranging from toys and garden furniture to electronics and automotive components.

The Acht facility introduces an advanced recycling process that separates plastics into up to 18 distinct streams, focusing on polypropylene and polyethylene, achieving a purity rate of at least 95%. This development is set to increase the availability of high-quality recycled materials for production. Furthermore, the facility demonstrates Renewi's innovative approach to recycling, aiming to elevate its recycling rate beyond the current 63.4% by integrating cutting-edge technology and collaborating with industry stakeholders.

Renewi’s forward-looking investments, which exceed €100 million over three years to improve EBIT by €20 million, highlight projects focusing on optimizing waste sorting, recycling household appliances, and producing biofuels from food waste. The hard plastics sorting facility in Acht is anticipated to contribute significantly to Renewi's growth and sustainability goals, reaffirming its dedication to the circular economy.