Manchester-based polymer manufacturing consultancy PREA Ltd., and International Environmental Solutions (IES), based in Bridgwater, Somerset, have signed a memorandum of understanding (MoU) which will see the two companies sourcing and trading recycled plastics.
In addition, the MoU covers other areas of partnership, including the purchase and sale of recycling companies, recycling plant setup and upgrades, related warehousing services, and recruitment services.
Speaking about the MoU, Pravin S. Mistry, CEO of PREA, said: “The addition of the recycling expertise from IES will be beneficial. We were always being asked to provide those recycling services and with the support of IES that will be possible.”
John Gibbins, MD at IES, has more than 30 years of experience setting up recycling plants. Speaking about the new partnership, he said: “The venture will benefit both companies and customers. In the face of geopolitical changes we will be capable of sourcing and transporting recycled plastic materials to fulfil customer requirements.”