Page 23 from: Recycling International – free September/October Issue
BUSINESS
23recyclinginternational.com | September/October | 2023
In 2019 Greentech Baltic was founded,
with a primary focus on PET operations
within the region.
Also, part of the GreenGroup since
2022, Esco, based in Lithuania, special-
ises in plastic recycling and the produc-
tion of plastic granules. The company
processes 30 000 tonnes of plastic
bags annually, sourced from both
households and industries. It produces
20 000 tonnes of LDPE granules each
year, supplying packaging industries,
retailers, and various other industrial
sectors.
Green Group’s most recent addition in
Lithuania is Zalvaris, a leading company
specializing in the management of
industrial waste flows. Alongside Eltex
in Romania, these two companies con-
stitute the backbone of an essential ver-
tical within the group, aimed at provid-
ing sustainable solutions for businesses
to effectively manage their outputs.
INVESTORS
Since 2016, GreenGroup has been
majority owned by Abris Capital
Partners, one of the leading private
equity investors in Central Europe.
With a strong track record of sustain-
able investing and a commitment to
driving positive environmental, social,
and governance (ESG) outcomes, Abris
Capital Partners has consistently dem-
onstrated its dedication to creating
long-term value for its portfolio com-
panies and stakeholders.
producers of recycled polyester fibre in
Europe supplying the hygiene, auto-
motive and textiles industries in
Europe, Australia and the Americas.
The recycled polyester staple fibre is a
‘100% environmentally friendly prod-
uct, made with state-of-the-art technol-
ogy’ and using only recycled PET.
GREENWEEE INTERNATIONAL
Launched in 2009, with an initial invest-
ment of EUR 10 million and reaching
EUR 40 million in 2023 with three recy-
cling plants in Romania, GreenGroup’s
electronics recycling division,
GreenWEEE, has one the most
advanced treatment plants in Europe,
with a capacity of 100 000 tonnes per
year. The company is the first plant in
Europe to receive the WEEELABEX
certificate under LIFE+ pilot project
and ‘one among very few existing’ in
Europe to be WEEELABEX certified.
The company ensures safe and modern
recycling services for all electric and
electronic equipment, batteries, cables,
and parts from the automotive industry,
as well as a dedicated flat panel display
and cathode ray tube recycling line.
GreenWEEE recovers over 98% of
materials and the output is ferrous and
non-ferrous metals (copper, alumini-
um), plastic, glass, wood, cement and
printed circuit boards.
Ceo of GreenWEEE is Marius
Costache, who’s also responsible for
GreenGlass. With 20 years’ experience,
Costache is a well-known figure in the
European e-scrap scene. Since 2016,
he has been member of the board of
directors of European Electronics
Recyclers Association (EERA)
MILLIONS OF GLASS BOTTLES
GreenGlass was founded is 2013 and is
the largest glass recycler in Romania
with the capacity to handle 110 000
tonnes of glass per year. On a yearly
basis some 200 million glass bottles
are processed into cullets.
THE LITHUANIAN CONNECTION
Since 2019, GreenGroup has been
actively establishing a significant recy-
cling hub in Lithuania, with the aim of
creating a regional model of a circular
economy. At the fridge recycling line.
Making new products from 100% recycled materials.
Marius Costache (left) and Constantin Damov: ‘Copper makes the world go round.’
Inside the washing machine rubber scrap stocks.
20-21-22-23_greengroup.indd 23 14-09-2023 08:53
