(Yicai Global) June 19 -- French water and waste management giant Veolia Environnement has brought in the Swiss unit of Sanlian Hope Shin-Gosen Technical Service to provide technology solutions for a packaging recycling facility in Indonesia.
Swiss thermal treatment solution provider Polymetrix AG will supply Veolia with related technical services for the plant, which it is undertaking on behalf of food multinational Danone, the Beijing-based firm said in a statement.
Traditionally a fiber engineering company, Sanlian Hope Shin-Gosen branched out into the polymer processing and recycling fields when it acquired an 80-percent stake in Polymetrix late last year in a deal worth CHF20.6 million (USD20.6 million).
The project, slated for completion in 2020, marks the first time that Polymetrix will provide a full process solution going from the treatment of dirty bottles to the production of clean food-grade bottle raw materials. The contract value is EUR14.5 million (USD16.8 million) or the equivalent of 133.7 percent of Polymetrix's annual revenue last year.
The Indonesian project will recycle used bottles as raw materials to produce clean and recycled polyethylene terephthalate, which will be used in PET bottles. Danone aims to use the products in bottled water and other beverages for the Indonesian market.
Veolia opted for Polymetrix's recycling technology due to a recommendation from Danone, the statement said.
Editor: William Clegg