TOMRA: TOMRA and Plastretur Sign Joint Venture to Create Norway’s First Dedicated Sorting Plant to Enable Circularity of Plastic Packaging
TOMRA has signed an agreement with Plastretur AS, the Norwegian producer responsibility organization responsible for recycling plastic packaging, to create a plastic packaging sorting plant located in Norway. TOMRA will invest 32 MEUR through a joint venture where TOMRA will hold a 65% ownership stake and Plastretur AS will hold a 35% ownership stake. The strategic investment is part of TOMRA’s Feedstock business venture, which seeks to close the gap in plastic recycling by using TOMRA’s core knowledge and technology. There is a strong and growing demand for high-quality plastic