Swedish furniture giant invests in Dutch recycling company Morssinkhof Rymoplast / Part of commitment to sustainable materials
Home furnishers and consumer goods retailer Ikea (www.ikea.com) has acquired a 15% minority stake in Dutch plastics recycling company Morssinkhof Rymoplast (Lichtenvoorde; www.morssinkhofplastics.nl). The Swedish-based furniture giant said the investment is part of a EUR 1 bn financial plan to secure a long-term supply of sustainable materials by investing in forestry as well as companies active in recycling, renewable energy development and biomaterial developments.

This is the first investment in recycling under the plan. Morssinkhof Rymoplast processes sorted post-consumer and pure post-industrial plastics, and has a process capacity of about 200,000 t, Ikea said in a statement. The Ikea Group investment will enable Morssinkhof Rymoplast to further develop its capacity and capabilities to produce high quality recycled raw materials made from plastic waste, the retailer stated. The investment will contribute to business expansion opportunities that can save an additional 50,000 t of CO2 annually due to increased recycling volumes.

Steve Howard, chief sustainability officer at Ikea, said the investment is part of the company’s commitment to the circular economy. "Moving to the circular economy is essential if we are to continue to meet people’s needs and dreams while staying within the limits of one planet," he said. "We want to be part of accelerating this transition – through the investments we make, by changing waste into resources across our operations and enabling millions of people to live a more sustainable life at home."

Last year, Finnish oil producer Neste (Espoo; www.neste.com) has entered into a partnership with the Swedish retailer to promote the use of Neste’s bioplastics (see Plasteurope.com of 19.09.2016).
14.02.2017 Plasteurope.com [236157-0]
Published on 14.02.2017
Ikea: Einstieg in das KunststoffrecyclingGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 24.05.2024 08:24:45   (Ref: 1067791351)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp