The global sustainable technology company TOMRA has signed a majority ownership agreement with Plastretur, the Norwegian producer responsibility organization responsible for recycling plastic packaging. The companies will pair up to create a plastic packaging sorting plant located in Norway. The 50M EUR (~600MNOK) joint venture will be split 65 percent TOMRA and 35 percent Plastretur.
In 2020, Plastretur initiated the ambitions to set up sorting infrastructure within Norway, as plastic packaging waste from Norway is currently being sent to Central Europe. Since TOMRA is an expert in the design of advanced sorting facilities and has a broad knowledge of creating circular solutions to enable recycling, Plastretur considered TOMRA as the obvious partner to support them in their vision to contribute to the Norwegian circular economy for plastics and to help achieve future recycling targets.
“On behalf of Plastretur, I am proud that our initiative to build a Norwegian plastic sorting plant, is being realized,” states CEO of Plastretur, Karl Johan Ingvaldsen. “The plant will be the cornerstone in building the national infrastructure needed to reach future recycling targets. With this plant we are taking a major part in building a Norwegian plastic recycling industry and reducing the cross-border transport of waste.”
The total sorting capacity planned for the new site will be 90,000 tons of plastics per year and it will be built in Holtskogen Næringspark, Indre Østfold Holtskogen, Norway (near Oslo). The capital investment consists primarily of machinery and equipment. The groundbreaking is planned to take place in mid-2023 and the plant is scheduled to be commissioned in Q4 2024 and to be fully operational by Q1 2025.
We must transform towards a circular economy now. That means working together across the value chain to find solutions as quickly as possible, because the solutions are there. This joint venture is proof that this is possible and TOMRA is proud to play a key role in it.
Plastretur AS is a non-profit producer responsibility organization (PRO) responsible for the collection and recycling of plastic packaging in Norway. The return scheme is financed by member-companies by paying an environmental fee for the plastic packaging set on the Norwegian market. Plastretur was established in 1995 and is one of the five PROs for packaging that own Grønt Punkt Norge. Plastretur’s ambition is to keep plastic packaging in a closed loop and securing a sound circular economy.