Page 11 from: Recycling International – free September/October Issue

TRENDS & UPDATES

11recyclinginternational.com | September/October | 2023

Fotobijschrift

Carl Gustaf Göransson.

RAMP-UP FOR BRAZIL’S PET
RECYCLING
Major global PET bottle recycler
Indorama Ventures has completed
expansion of its recycling facility in
Brazil.
Located in Juiz de Fora, north of Rio de
Janeiro, the plant’s production capacity
has increased from 9 000 to 25 000
tonnes per year.
Indorama has invested US$ 20 million
(EUR 18 million) in the facility’s process-
es and acquired new equipment such
as washing machines to remove labels,
grind bottles in water and reduce water
consumption by 70%.
The project is part of Indorama
Ventures’ Vision 2030 ambition to
become a sustainable global company
which includes spending US$ 1.5 billion
to ramp up its recycling capacity to 50
billion PET bottles per year by 2025.
The investment is supported by a so-
called ‘Blue Loan’ from the
International Finance Corporation (IFC),
a member of the World Bank. In 2020,
the IFC provided US$ 300 million for
Indorama to increase recycling capacity
and divert plastic waste from landfills
and oceans in Thailand, Indonesia,
Philippines, India and Brazil.
Blue Loan funds are certified and
directed at projects that support sus-
tainable use of ocean resources for
economic growth, improved livelihoods
and jobs, as well as healthy oceans.
Indorama Ventures secured US$2.4
billion in long-term funding from vari-
ous financial institutions between
2018-2022 to support sustainability
projects.

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GÖRANSSON IS NEW LINDEMANN CEO
Lindemann Metal Recycling Solutions has announced that Carl Gustaf Göransson is the
company’s new ceo.
Lindemann, a Düsseldorf, Germany company producing shears, shredders and balers, was
acquired from Metso in 2022 by Swedish private equity company Mimir Group. Göransson
will be responsible for delivering Lindemann’s ‘ambitious market and service growth strate-
gy’.
Meanwhile, previous ceo Ioannis Giouvanitskas will become senior executive advisor for
both Mimir and Lindemann. The company says he will ‘support the development of strategic
accounts and drive the Lindemann and Mimir M&A agenda’.
Göransson has worked in the global capital goods industry, including senior executive posi-
tions at Volvo Construction Equipment and Cargotec. Before becoming ceo of Lindemann,
he was global president of CNH Industrial’s construction equipment division in Munich.
From 2021-23, he was the managing partner of Munich-based consultancy abcg AB in the
transportation industry.

The drum pulper, said to be the first of its kind in the country,
will allow scrap paper collected from kerbside recycling in
Victoria to be processed into new packaging.
The installation will double Visy’s kerbside recycling capability
in the state, saving up to 180 000 tonnes of paper and card-
board per year from export or Victoria’s landfills.

Visy says it will process the collected paper
and cardboard into 100% recycled paper and
corrugated packaging for pizza boxes, the
agricultural sector and various food and bev-
erage brands.
The upgrade is part of a commitment from
Visy ceo Anthony Pratt in March 2021 to
invest US$ 2 billion (EUE 1.85) over the next
decade toward reducing landfilling, cutting
emissions and creating ‘well-paying green
collar jobs’ across Australia.
‘This is a very important day for our company
because we’re not only manufacturers,’ says
Pratt. ‘We’re actually in the landfill avoidance
business, which is good for greenhouse gas
reduction as well, because as things decay in
landfill they produce methane gas which is
84 times worse for climate change than car-
bon dioxide. So recycling is an important
weapon against climate change.’
Visy received funding from both the Victorian
and federal governments to get the project
off the ground.

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