Itelyum, a specialist in oil and chemical refining, has entered the plastics recycling business with the partial acquisition of Plasta Rei, an Italy-based PET chemical recycler.
Plasta Rei has its operations in Cisterna di Latina, central Italy, where it took over a factory from Ecolab, an US-based food safety company, in 2021. It has since transformed the site into a depolymerisation and bioplastics research and development centre.
Together with Itelyum, Plasta Rei is planning to build a chemical recycling plant in Cisterna di Latina to recycle PET waste derived primarily from food packaging, with the aim of converting it into 100% recycled PET granules.