Gurit’s newly formed company Gurit Italy PET Recycling has signed an agreement to acquire a polyethylene terephthalate (PET) recycling production facility from Italian company Valplasticfor an undisclosed purchase price.

‘Gurit has and will continue to invest significantly into recycled PET core material production assets globally for wind and non-wind industry customers to cope with the material demand,’ the company said in a press release. ‘In order to have sufficient feedstock of quality controlled and properly blended PET for the extrusion process, Gurit needs to have good access to this part of the value chain.’

Valplastic specializes in the recycling of PET bottles and the production of recycled PET-flakes and granules later used for extrusion of recycled PET core.

This story uses material from Gurit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.