Madrid-based manufacturer of plastic packaging Coexpan SA has pledged to have a mean recycled content of 70% in its PET products by 2025.
The move is in alignment with a PET Sheet Europe commitment to step up its circular economy activities to meet the goals laid down in the EU Plastics Strategy.
Under the new EU plans, all plastic packaging on the EU market will be recyclable by 2030, the consumption of single-use plastics will be reduced and the intentional use of microplastics will be restricted.
The Madrid-based company says it currently uses 50% recycled material in its rigid PET sheets produced primarily for the manufacture of packaging for foodstuffs, household products, personal hygiene products and other industrial applications.
The figure, according to Coexpan, is already above the European average of 45%.
“Our commitment… is to design optimal and sustainable packaging solutions using the main polymers such as PS, PP, PET and PLA, that guarantee the preservation and protection of products and ensure the responsible use of our natural resources,” added Coexpan's CEO, Dinis Mota.
Coexpan is the rigid plastics arm of the Madrid-headquartered Grupo Lantero packaging firm. Globally, Coexpan has 13 production plants in Germany, France, Spain Italy, Russia, Chile, Brazil and México, with a turnover of €353m.
The European operations of Coexpan includes three production plants in Spain, Italy and Germany, specialised in the extrusion of PET and rPET-based plastic sheet, suitable for food contact. The company also has another two plants in France specialised in thermoformed packaging that produce trays and other rPET-based products for food packaging.
The company's Italian subsidiary, Coexpan Montonate is one of the founder members of the PET Sheet Europe, representing the ten leading PET sheet manufactures in Europe.