Cologne, Brussels, 7 November 2018. The European Union is subsidizing an up-to-the-future project of Der Grüne Punkt within the framework of its LIFE program for supporting projects involving environmental protection and nature conservation. The LIFE PEPPCYCLE project assists the EU’s plastics strategy and its action plan for the closed-cycle economy, as well as contributing towards achieving the targets of its climate policy by 2030, stated the European Commission in explaining its decision.
“The favorable decision from the EU not only constitutes an important financial subsidy, but is above all an exceptionally significant tribute to the project,” says Michael Wiener, CEO of Der Grüne Punkt. “PEPPCYCLE has thus been recognized as an up-to-the-future technology for the closed-cycle economy.” Greenlighting of the project is, however, conditional upon the conclusion of appropriate purchase agreements: “Without customers for the recyclates produced, the investment is senseless,” emphasizes Michael Wiener. “The industrial sector is now in its turn called upon to use the recyclates concerned so as to support the project.”
Within the framework of PEPPCYCLE, Der Grüne Punkt is planning an industrial-scale facility for high-quality recycling of packaging waste from the Yellow Sack or the Yellow Bin. In its final configuration, the plant would be producing a total of approximately 36,000 tons of high-quality recyclates a year. These – principally high-density polyethylene (HDPE) and polypropylene (PP) – achieve a quality comparable to that of new plastics, and are accordingly well suited not least for manufacturing new sales packages.
“With this project, we shall for the first time be able to close the cycle for packaging plastics on a large scale,” to quote Dr. Markus Helftewes, General Manager of Der Grüne Punkt. “Packaging waste is thus transformed into new packages again, which saves fossil resources, energy and greenhouse gases compared to the production of new plastics.”
The total investment costs for the large-scale plant in the next five years amount to approximately 38 million euros. The LIFE subsidy from the European Union comes to 4.07 million euros in project costs up to 2022. A decision has not yet been taken as to where the new facility will be located.
Your contact person:
Norbert Völl, Tel.: +49 (0) 22 03 / 937-507
About the Der Grüne Punkt Group:
The companies of Der Grüne Punkt are service providers for extended producer responsibility, leading suppliers of secondary raw materials for plastics, and premium producers of plastic recyclates, and as such positioned as the premier solution providers for the needs of the closed-cycle economy. Der Grüne Punkt – Duales System Deutschland GmbH (DSD) is the market leader of the dual systems in Germany, and stands for intelligent take-back systems, plus the development and marketing of innovative recyclates and services. Systec Plastics, at its facilities in Eisfeld and Hörstel, produces premium-quality recyclates under the Systalen brand name for the international market. The companies are grouped together in DSD – Duales System Holding GmbH & Co. KG.