The company Total Pet Packaging will invest approximately $12.5 million in a new PET resin (RPET) recycling plant, which will be located in Heredia. PET is short for polyethylene terephthalate.
Reused products will include plastic waste like bottles and other items, and European technology will be used to produce new packaging, said Ernesto Moreno, president of Total Pet Packaging Company.
"Our schedule aims to have the plant operational by September this year," said Moreno.
According to Financiero.cr.co., thousands of plastic bottles that are discarded every day are recovered to produce products or taken to other countries where they are turned into bottles under the system of RPET. So far, 80% of bottles with PET technology (Polyethylene terephthalate) end up as garbage or are exported to China where they are converted into other products.
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The Ministry of Finance has established an annual quota of 2,400 metric tons, and for the remainder of 2011 will only allow 600 tonnes to be exported.
The regulation reflects the need to ensure the supply of this raw material for the domestic industry under the Governmental Agreement 333-2011 published in the Official Journal.
Total P.E.T. Packaging has obtained a loan for $8.5 million from Banco Nacional for the New World Recycle company, which will build a PET recycling plant in the province of Cartago.
A statement from Total P.E.T. packaging reads:
Banco Nacional and New World Recycle sign loan agreement to build a PET bottle to bottle recycling plant
Reciclados de Centroamérica, a company which is part of Grupo Cervecería Centro Americana, opened its recycling plant yesterday in the town of Pueblo Nuevo Viñas, Santa Rosa.
The objective of this project is to turn disposable plastic bottles into raw material for the production of more PET bottles and containers made of this material. The plant is expected to produce 25 tons a day of resin which is useful for the local market.
Between January and May, recycled plastic exports generated revenues of $2.2 million.
Jalil de Leon, executive director of the union of plastics companies attached to the Chamber of Industry of Guatemala (CIG), said that the domestic industry is also taking advantage of this market, a sector which reported growth of 12% in terms of the volume of what is recycled and transformed.