Polysmart unveils $60m plant to recycle 15m bottles daily.
The facility, which will process 100,000 tonnes of mixed plastics annually when operating at full capacity, may recycle approximately 6.5 billion PET bottles yearly, converting discarded plastics into food-grade recycled polyethylene terephthalate (rPET) […] Polysmart Packaging Limited has unveiled a $60 million recycling facility designed to process up to 15 million plastic bottles daily.
Speaking at the official opening and commissioning of the facility, the Chief Executive Officer of Polysmart Packaging Limited, Wasiu Balogun, said the investment represented a significant milestone in the company’s journey from a modest beginning in 2013 to becoming a major player in Nigeria’s recycling industry.
Balogun recalled that the company started with an initial capital of N2 million, noting that its growth into a $60 million industrial investment reflected its commitment to addressing Nigeria’s plastic waste challenge through large-scale recycling.
He said: “When this facility is running at full capacity, it will take in 100,000 tonnes of mixed plastics every year. “Think about that: about 15 million bottles a day that will no longer be buried, burned or washed into the Atlantic.” According to him, the facility will sort, wash and decontaminate collected plastics before transforming them into food-grade recycled PET, suitable for manufacturing new bottles. “Instead, they will be sorted, washed, decontaminated and transformed into food-grade recycled PET, clean enough to become a new bottle again. Every recycled bottle means less crude oil drawn from the ground and less energy burned to make new plastic,” he said.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Daily Trust.