Circular Resources SARL Acquires Germany’s Green Dot
The aim is to create an integrated mechanical and chemical recycling solution for plastic packaging waste.
Luxembourgian Circular Resources Sàrl, a company established to provide a one-stop-shop for the recycling of plastic waste, has acquired Germany-based DSD – Duales System Holding GmbH & Co. KG and the group of companies with “Der Grüne Punkt” (or the “Green Dot”) with effect from August 10, 2022. The companies acquired include one of the leading dual systems for collecting and recycling used sales packaging in Germany as well as two companies (Systec Plastics), which produce recyclates from plastic waste collected by Der Grüne Punkt – Duales System Deutschland GmbH. “The acquisition of Der Grüne Punkt by Circular Resources is a milestone for closed-loop recycling.
Circular Resources will fully support Der Grüne Punkt’s current licensing, waste collection and mechanical recycling businesses, which are performing very strongly, and complement this by introducing large-scale chemical recycling of waste plastics in Germany,” Founder and President of Circular Resources, Carlos Monreal, is cited. He is also the founder and CEO of Plastic Energy, a global leader in the chemical recycling of end-of-life plastic waste. According to the information, the deal is expected to unlock further synergies between mechanical and chemical recycling of plastic waste in Europe “that will allow plastics currently being lost from the value chain to be brought back into the recycling loop”.
(Published in GLOBAL RECYCLING Magazine 3/2022, Page 39, Foto: DSD)
