Plastics sector to invest over €260 M in Green Recovery

To facilitate the European Recovery Plan, EsPlásticos is promoting a macro-project to enhance the circularity of plastics and drive innovation. The project includes the creation of a research centre focusing on the circular economy, and the companies involved in the initiative expect to create more than 650 new jobs and reduce their carbon footprint by 10-25% over the next four years.

To contribute to the implementation of the Next Generation EU Recovery Plan and the Recovery, Transformation and Resilience Plan presented by the Spanish Government, the EsPlásticos platform is promoting a proposal for a macro-project to enhance the circularity of plastics and drive innovation. This project seeks to act as a driver for ecological transition, one of the pillars of the plan, digital transformation, social and territorial cohesion and equality.  

With planned investment of 262 million euros, the companies involved expect to achieve a dual objective over the next four years: to create more than 673 new jobs and to reduce their carbon footprint by between 10% and 25%. 

The initiative is being coordinated by AIMPLAS, the leading technology centre in the plastics sector, and includes the creation of a research centre focusing on the circular economy in the plastics sector. The creation of this centre is vital in order to overcome all the research challenges involved in the development of new processes and products.

The project has 17 lines of action that focus on: eco-design and product recyclability; the incorporation of new, more sustainable and innovative raw materials; upgrading and increasing capacity in mechanical and chemical recycling; social awareness; quality, traceability, characterisation and labelling; and the creation of intelligent waste collection systems. In addition, work is planned on new Extended Producer Responsibility (EPR) schemes for agricultural plastics, industrial and commercial packaging (such as fruit crates and chemical product packaging) and other types of products such as fishing nets and gear, pallets and textiles.