Summary sheet
The project concerns a multi material pots, trays and tubs (PTTs) recycling facility with an input capacity of 100,000 t/yr in Albacete, Spain. The facility will receive PTT waste and convert it with an innovative mechanical recycling method into recycled PET and PE.
The project comprises of investments in a new innovative recycling facility for multi plastic material pots, tubs and trays (PTT), that up to now have been difficult to recycle. The recycled PET produced in the new facility will provide feedstock to PTT producers enabling closed loop recycling. The facility will also produce some recycled polyethylene. The project will increase the material recovery from waste and contribute to attainment of recycling targets. The project supports the transition to a more circular economy, in line with the EU Circular Economy Package, and contributes to the mitigation of climate change.
The project is expected to fall under Annex 2 of the Environmental Impact Assessment (EIA) directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU), and EIAs are required/the screening decision has not yet been received. Compliance with the Habitats directive (92/43/EEC), Birds Directive (79/409/EEC) and the Industrial Emissions Directive 2010/75/EU may also be required, where relevant. This will be verified during the appraisal.
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been or will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.
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