Plastics recycling firm Closed Loop Recycling is planning to open a series of plants across Britain. The company, which produces food-grade rHDPE and rPET, has hired UBS bank to help raise £30 million in financing for its plans. Closed Loop Recycling already has a plant in Dagenham, Essex, which has been operating since 2008 and has been very successful. The company is now intent on building a second plant on Deeside. The Dagenham plant already produces 35,000 tonnes of plastic bottles from consumer waste every year. The new plant will bring total annual production capacity up to 85,000 tonnes. The combined ... Full Story

