ALSO READ:\u00a0Mandatory recycling to be enforced in July<\/a><\/h4>\nHe said the target date for commencing the additional supply was the third quarter of 2019.<\/p>\n
\u201cOur board remains firmly committed to the recycling of PET, as we have done for almost two decades.<\/p>
<\/div>\n\u201cThese expansion plans are a testament to our willingness to support the PET industry\u2019s growing mandate towards meeting the goals of the circular economy,\u201d said Wadhwani.<\/p>\n
The PET Recycling Company (Petco), which is the national body responsible for driving the recycling of post-consumer plastic bottles throughout the PET value chain, welcomed Extrupet\u2019s announcement.<\/p>\n
Petco chief executive officer Cheri Scholtz applauded the investment, adding that the expansion would allow brand owners to specify even higher levels of recycled content and reduce reliance on virgin PET products.<\/p>\n![\"\"](\"https:\/\/germistoncitynews.co.za\/wp-content\/uploads\/sites\/31\/2018\/08\/Extrupet2_03076-520x390.jpg\")
It was recently announced that Germiston-based PhoenixPET will undergo a R200-million expansion. Here Extrupet joint managing director Chandru Wadhwani explains the expansion plans for the PhoenixPET rPET facility to the PET Recycling Company (Petco) stakeholder relations manager Janine Basson.<\/figcaption><\/figure>\n\u201cIt certainly strengthens SA\u2019s position as a circular economy leader in Africa and places us competitively within the global packaging market,\u201d said Scholtz.<\/p>\n
\u201cThe PET industry has a long-standing commitment to using locally sourced rPET in new packaging, and in 2017, we saw record levels of demand for bottle-to-bottle rPET.\u201d<\/p>\n
Over the next five years, Petco aims to see jobs created by the various PET recycling projects it supports grow from the current 2 400 to over 3 100.<\/p>\n
ALSO READ:\u00a0Recycling project to help get needy wheelchairs<\/a><\/h4>\nIt also wants to see 75 000 people benefit from various industry income opportunities over this period.<\/p>\n
By entering into five-year contracts with its recycling partners, Scholtz said Petco had demonstrated its commitment to supporting their growth and efforts to meet the market demand.<\/p>\n
\u201cThe result is a confident investment by stakeholders such as Extrupet.<\/p>\n
\u201cWe are well on track to meeting our target of 70 per cent post-consumer PET bottles recycled by 2022,\u201d Scholtz said.<\/p>\n
Have a story?<\/strong><\/p>\nContact the newsroom by emailing: Melissa Hart (Editor)\u00a0<\/span>germistoncitynews@caxton.co.za<\/a><\/strong>or Leigh Hodgson (News Editor)\u00a0<\/span>leighh@caxton.co.za<\/a>\u00a0<\/strong>or\u00a0Kgotsofalang Mashilo (journalist)\u00a0kgotsofalangm@caxton.co.za<\/strong><\/a><\/p>\nRemember to visit the Germiston City News on the following social media platforms:<\/p>\n
Facebook<\/a><\/strong><\/p>\nTwitter<\/a><\/strong><\/p>\nInstagram<\/a><\/strong><\/p>\nYouTube\u00a0<\/a><\/strong><\/p>\nOr add the GCN on\u00a0<\/b><\/span>WhatsApp 079 406 1181<\/strong>\u00a0<\/span>or\u00a0BBM (BBM Pin: 7F102137)<\/strong>\u00a0<\/b><\/span>today, to get all the latest news.<\/p>\nCatch-up on more local news with our sister newspapers\u00a0<\/span>Bedfordview Edenvale News<\/a><\/strong>,\u00a0<\/span>Alberton Record<\/a><\/strong>\u00a0and\u00a0<\/span>Kempton Express<\/a><\/strong>.<\/p>\n\n
\u201cThese expansion plans are a testament to our willingness to support the PET industry\u2019s growing mandate towards meeting the goals of the circular economy,\u201d said Wadhwani.<\/p>\n
The PET Recycling Company (Petco), which is the national body responsible for driving the recycling of post-consumer plastic bottles throughout the PET value chain, welcomed Extrupet\u2019s announcement.<\/p>\n
Petco chief executive officer Cheri Scholtz applauded the investment, adding that the expansion would allow brand owners to specify even higher levels of recycled content and reduce reliance on virgin PET products.<\/p>\n \u201cIt certainly strengthens SA\u2019s position as a circular economy leader in Africa and places us competitively within the global packaging market,\u201d said Scholtz.<\/p>\n \u201cThe PET industry has a long-standing commitment to using locally sourced rPET in new packaging, and in 2017, we saw record levels of demand for bottle-to-bottle rPET.\u201d<\/p>\n Over the next five years, Petco aims to see jobs created by the various PET recycling projects it supports grow from the current 2 400 to over 3 100.<\/p>\n It also wants to see 75 000 people benefit from various industry income opportunities over this period.<\/p>\n By entering into five-year contracts with its recycling partners, Scholtz said Petco had demonstrated its commitment to supporting their growth and efforts to meet the market demand.<\/p>\n \u201cThe result is a confident investment by stakeholders such as Extrupet.<\/p>\n \u201cWe are well on track to meeting our target of 70 per cent post-consumer PET bottles recycled by 2022,\u201d Scholtz said.<\/p>\n Have a story?<\/strong><\/p>\n Contact the newsroom by emailing: Melissa Hart (Editor)\u00a0<\/span>germistoncitynews@caxton.co.za<\/a><\/strong>or Leigh Hodgson (News Editor)\u00a0<\/span>leighh@caxton.co.za<\/a>\u00a0<\/strong>or\u00a0Kgotsofalang Mashilo (journalist)\u00a0kgotsofalangm@caxton.co.za<\/strong><\/a><\/p>\n Remember to visit the Germiston City News on the following social media platforms:<\/p>\n Facebook<\/a><\/strong><\/p>\n Twitter<\/a><\/strong><\/p>\n Instagram<\/a><\/strong><\/p>\n YouTube\u00a0<\/a><\/strong><\/p>\n Or add the GCN on\u00a0<\/b><\/span>WhatsApp 079 406 1181<\/strong>\u00a0<\/span>or\u00a0BBM (BBM Pin: 7F102137)<\/strong>\u00a0<\/b><\/span>today, to get all the latest news.<\/p>\n Catch-up on more local news with our sister newspapers\u00a0<\/span>Bedfordview Edenvale News<\/a><\/strong>,\u00a0<\/span>Alberton Record<\/a><\/strong>\u00a0and\u00a0<\/span>Kempton Express<\/a><\/strong>.<\/p>\nALSO READ:\u00a0Recycling project to help get needy wheelchairs<\/a><\/h4>\n