Australian company Pact Group has received a grant of NZ$ 3 million (EUR 1.7 million) from the New Zealand government to develop the nation’s first 100% recycled plastic food packaging plant.
The funding covers half the total cost of the new facility which will be located in Auckland and will have a processing capacity of 10 000 tonnes of plastic scrap per year.
The money comes from the Ministry of the Environment’s Waste Minimisation Fund and is the biggest grant dished out by the NZ$ 15 million a year programme this year. Pact Group’s executive general manager Eric Kjestrup says the company itself will provide the rest of the capital.
Associate Environment Minister Eugenie Sage says: ‘This new plant will contribute usefully to increasing New Zealand’s onshore recycling infrastructure.’ She is glad that material that is usually discarded as waste will finally be recycled and reused locally, rather than shipped overseas.
Pact Group currently owns more than 110 operations in 15 different countries around the world, mostly in Australasia and Asia. The packaging manufacturer employs over 6000 people.
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