Enespa and Plasteco join forces for sustainable plastic recycling
The Enespa Group enters into a strategic partnership with the Finnish start-up Plasteco Ltd. The focus is on a 40 percent shareholding of Enespa Technologies AG in Plasteco Ltd. as well as close cooperation in the field of recycling technologies.
Enespa is an up-and-coming group of companies in the greentech industry with companies in Switzerland, Liechtenstein, Germany and the USA. It builds and operates industrial plants for chemical plastic recycling, oil refining and tire pyrolysis. Through the partnership with Plasteco Ltd. in Lahti, Enespa aims to promote the development of modern recycling solutions.
As part of the investment, Plasteco is increasing its capital. At the same time, the Enespa Group is appointing two representatives to the Board of Directors: Joachim Vogt, the new COO of the Enespa Group, and Ben Richters, CTO. They will promote close and targeted cooperation between the two companies.
Starting signal with first system delivery
The partnership will begin with the delivery of the first chemical recycling plant, which will be brought to Lahti in February 2025. The machine has a capacity of 5 tons per day. If the construction and tests go according to plan, operations will start in April 2025. The plan for the future is to deliver additional systems every year and to continuously expand capacity.
"In the Enespa Group, we have found the perfect partner to turn our vision of a sustainable circular economy into reality," explains Kari Larjava, CEO of Plasteco Ltd. "The delivery of the first system is the start of a comprehensive collaboration."
Bundled know-how
With this partnership, the Enespa Group and Plasteco Ltd. are taking a significant step towards a sustainable circular economy. Plasteco uses state-of-the-art pyrolysis technology and works closely with local players to efficiently process plastic waste and return it to the cycle. In doing so, they rely on a large network and excellent knowledge of the local market. Enespa develops and builds the plants and uses the partnership to bring its solutions to a growing market. This collaboration underlines Enespa's ambition to play a leading role in the circular economy and establish its solutions internationally.
"This partnership is a significant step for both companies," says Ben Richters, CTO of Enespa. "PlastEco brings the local expertise, infrastructure and network, while we provide the technology and know-how. Together we can take the chemical recycling of plastic waste to a new level."
Economical and sustainable
A decisive advantage of the cooperation lies in the local supply: Plasteco sources the feedstock cost-effectively from the surrounding communities, which not only minimizes operating costs, but also relies on short transport routes and resource-saving logistics. A buyer for the output material has already been found. He will purchase all of the pyrolysis oil from the first plant and is prepared to increase the purchase share accordingly if production is scaled up. These strategic partnerships ensure the long-term profitability and sustainability of the project.
Investment strategy and internationalization
This partnership with Plasteco is strategically designed and marks the start of an internationalization strategy for the Enespa Group. It pursues the goal of opening up markets in key markets through targeted partnerships and acquisitions, gaining customers and producing cost-efficiently. The know-how and resources of partners and their local and regional networks play a decisive role in this. Further investments will follow or are currently being examined.
Source: www.enespa.com
