XiamenJune 16, 2023/ PR Newswire /-- recently, Tao Lang signed an agreement with Plastretur, a producer responsibility organization responsible for plastic packaging collection and recycling in Norway, that the two companies will work together to build a plastic packaging sorting plant in Norway, with a total investment of 50 million euros. Tao Lang accounts for 65% of Plastretur and accounts for 35%.
Effect diagram of sorting plant
First, go hand in hand to promote the development of plastic circular economy
At present, the daily plastic packaging waste generated in Norway is transported to Central Europe for disposal. In order to promote the development of local plastic recycling economy in Norway, Plastretur launched a sorting infrastructure construction plan in 2020.Because of Tao Lang's world-renowned sorting industry experience and cutting-edge technologyPlastretur selected Tao Lang as a partner to help achieve Norway's future resource recovery goals.
At the same time, the investment is also part of Tao Lang's strategy to use Tao Lang's professional and extensive sorting knowledge and technology to build a profitable business focused on solving global environmental problems. Today, global recyclers' demand for high-quality recycled plastic materials is very strong and continues to grow, and Tao Lang's investment will also make up for the gap between supply and demand of raw materials. In response, Joachim N. Amland, Senior Vice President of Taolang, said: "Tao Lang is very pleased to participate in this project and will play an important role in the transition of Norwegian plastic packaging to a circular economy. We are recycling resources that were originally burned or landfills and are using our expertise to provide high-quality recycled materials to the market, which has so far been missing."
Second, complement each other to make up the gap between supply and demand of recycled raw materials
The joint venture plant will be the first specialized plastic packaging sorting plant in Norway, in which Plastretur is responsible for purchasing plastic packaging waste from the Norwegian municipal, trade and industrial sectors and delivering it to the factory, while Taolang is responsible for waste sorting and raw material sales. After sorting, the plastic feed will be divided into seven types, which will be used to process into high-quality recycled raw materials and to produce new plastic packaging and other products.
The factory is scheduled to2023Ground breaking began in the middle of each year, and in2024Started production in the fourth quarter of 20002025It will be fully put into production in the first quarter of the year, and the capacity of plastic sorting will reach annually.nineTen thousand tons.
"I am proud of the plastic sorting plant we will build in Norway," said Karl Johan Ingvaldsen, chief executive of Plastretur. "the plant will be the cornerstone for achieving future Norwegian resource recovery goals. Through this plant, we will play an important role in promoting the development of the Norwegian plastic recycling industry and reducing the cross-border transport of waste."
Tove Andersen, president and chief executive of Taolang Group, said: "now the world must transition to a circular economy, which means that the entire value chain needs to work together to find a solution as soon as possible, and the establishment of this joint venture factory precisely proves that this is possible. Tao Lang is proud to play a key role in it."
About Tao Lang
Founded in 1972, Taolang Group is a global leader in sorting and recycling technology. Tao Lang has always been committed to the development of cutting-edge separation technology. Its sensor-based solution is widely used and is suitable for the separation of a variety of solid wastes, including mixed waste plastics, domestic waste, mixed metals, scrap broken tailings, electronic waste, etc.Accurate separation of high-purity recyclable components (such as PET, PE, PP and other plastics and stainless steel, wires, all kinds of non-ferrous metals).
At present, Taolang Group has more than 100000 equipment installed in more than 100 countries and regions around the world, with a turnover of about 10.9 billion Norwegian kroner. The Group has about 4600 employees worldwide and is listed on the Oslo Stock Exchange (OSE:TOM).