Romco Extends The Fight In The War On Recycling
LONDON, July 10, 2019 /PRNewswire-PRWeb/ -- With the fight against waste on the minds of consumers and in the board rooms for most conglomerates, it is safe to say that recycling has to be the number one priority.
On the 18th March 2019, both Veolia and Nestle announce the signature of a partnership covering plastic waste collection, sorting and recycling, focusing in particular on flexible plastic packaging, in eleven priority countries in Asia, Africa, Latin America and Europe. On the prioritised regions the Romco Group has sufficient exposure in three of the listed continents and plans to expand ever further.
Most companies are working towards using 100% recycled goods in their operations. As a start, Nestle have modestly opted towards the following targets, the goal is to reach 35% recycled content in plastic bottles and 15% in all packaging produced by 2025.
Veolia and Nestle will deploy various technologies to find a viable model to recycle in the various regions. When questioned about the expansion co-founder of the Romco Group Ivan Paoli went on to say, 'these regions targeted by the companies are developing at rapid rates, hence the logical sense to gain a foothold over there'.
Like the companies mentioned, Romco Group is also a firm believer in the war on recycling. Romco Group combines efficient collection and sorting techniques along with low carbon emitting technologies to produce renewable waste feedstock for their downstream partners for further processing.
At the start of 2018, China banned 24 types of recyclable materials, including recycled plastics, as part of an environmental reform movement designed to deal with its own growing waste problems.
After two decades of importing 106 million metric tons (or 45% of all plastic waste) China refused to buy any recycled plastic scrap that wasn't 99.5% pure. This move upended a $200 billion global recycling industry and threw the rest of the world into turmoil. Romco however saw this as an opportunity, 'at first we saw this as a major opportunity for us at Romco, creating a huge gap in the ASEAN region, then the strategy shifted from not just a regional opportunity but to that of a global one'.
Most recently Romco Group announced the launch of their mini bond, which allows for retails investors to gain a foothold in the sector by investing in the company's 3 year secured bond offering a coupon of 9.25% per anum.
For information please contact info(at)romcometals(dot)com, for investment inquiries please contact invest(at)romcometals(dot)com or call 020 3637 7195 - http://www.romcometals.com.
SOURCE Romco Group
