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EUR 100 million investment in LDPE recycling

A Dutch recycling company has secured EUR 100 million backing to roll out a series of plants across Europe to produce recycled low-density polyethylene (LDPE).

Repeats Group has announced the launch of a pan-European plastics recycling platform for LDPE based on investment by Ara Partners, a global private equity firm that specialises in industrial decarbonisation investments.

Repeats (which stands for Recycled PE AT Scale) claims to be a market and technical leader in transforming post-commercial plastic waste into high-quality resin suitable for commercial and industrial applications. The company is scaling LDPE recycling capacity throughout Europe to address a shortage of supply compared to the growing demand required to meet industry sustainability and net zero targets.

The operation, through a combination of greenfield development, acquisitions and strategic partnerships, will concentrate on core European markets characterised by dense population and underserved LDPE recycling capacity.

‘The need for an effective, circular solution to the growing plastic waste problem is tremendous and European businesses, consumers and governments are aligned in working towards higher utilisation of recycled plastic,’ says Repeats ceo Greg Rung. ‘We seek to partner with leading consumer packaged goods, petrochemical and plastic packaging manufacturing companies to create a high-quality supply source that is widely available throughout Europe.’

Tuan Tran, a partner at Ara, believes the Repeats management team has the operational experience, strategic relationships and drive to transform the European LDPE recycling market. ‘They have an outstanding reputation in Europe and we are thrilled to partner with the Repeats team to build a pan-European recycling leader.’

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