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Novel business on DURable and COMPostable products based on REcycled plastic

Novel business on DURable and COMPostable products based on REcycled plastic

Objective

More than 25 million tonnes of plastic waste are produced every year in the EU28 (50 kg per EU citizen). Although the rates of plastic waste recovery have increased (26% mechanical recycling; 35.6% energy recovery), 38.4% of this waste is still landfilled (9.6 million tonnes). This goes against the EU Waste Framework Directive 2008/98/EC as it has a high environmental impact (0.105kg CO2/kg plastic waste landfilled; production of one million tonnes of CO2) and wastage of resources (€590/tonne of recycled plastic ; losses of €5,664 M).

INTERVAL, S.A. is a family-owned business created in 1982 specialised the recycling and transformation of plastics. We employ 22 people and have an annual turnover of €3,240,066. We produce more than 7,000 tonnes of plastic products per year using the most advanced technology in our production processes.Through ReDurComp, we aim to launch innovative, low-cost products onto the EU market based on premium recycled PE. We will start by introducing two products for which a clear market need has been identified (i.e. plastic sacks for household waste collection and plastic covers for pallets). As a whole, sales of about €48.3 million are forecast within a five-year period, generating profits of over €4.8 million.

During phase 1, a feasibility study including a business plan will be developed in line with the overall internationalisaton and growth plan of our company. This study will include: (1) a market assessment to confirm INTERVAL’s products acceptance in the two segments considered; (2) a technical assessment to validate our recycled PE material according to relevant EU standards and procedures, as well as final testing; (3) a stakeholder assessment to identify the key players and activities for the second and third phases of the project; (4) a complete Business Plan including a cost analysis of raw materials and production activities, marketing and sales strategies, target market, investment requirements, and sales partners.
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Coordinator

INDUSTRIAS TERMOPLASTICAS VALENCIANAS, S.A.

Address

Calle Del Cid 24
46970 Alacuas Valencia

Spain

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 50 000

Project information

Grant agreement ID: 674067

  • Start date

    1 May 2015

  • End date

    31 October 2015

Funded under:

H2020-EU.3.5.

H2020-EU.2.3.1.

  • Overall budget:

    € 71 429

  • EU contribution

    € 50 000

Coordinated by:

INDUSTRIAS TERMOPLASTICAS VALENCIANAS, S.A.

Spain