In advance in France, Reborn, with the support of Bpifrance, is investing 16 million euros to develop its five factories.
Driven by tougher regulations and by consumers, candy, shampoo and yogurt manufacturers are looking for recycled plastic. This is why manufacturers have announced more than 1 billion euros in investments in France alone this month of January. The palm goes to the American Eastman, which devotes nearly 900 million euros to the construction of a factory (capacity of 160,000 tons, 350 jobs) in a place to be defined. The Canadian Loop, associated with Suez, is paying 250 million euros for its first European site (capacity of 70,000 tonnes, 180 jobs) in Port-Jérôme-sur-Seine (Normandy), including L’Occitane, L’ Oréal and Danone will be customers.
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The investment of 16 million announced on Monday by the French Reborn is certainly more modest, but this sum comes in part from Bpifrance, whose SPI fund (industrial project company) enters the capital of XL Recycling, the subsidiary dedicated to the collection and polyethylene recycling…
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