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Enka to invest more than US$15 million in its third bottle-to-bottle PET recycling plant

FinanceColombiaEl Colombiano40 s readAI summary
Image: El Colombiano

Enka approved investments of more than US$15 million, financed with its own resources, to build its third bottle-to-bottle PET recycling plant and produce EKO PET resin. The phased project will reach a capacity of 60,000 tons per year and will take about two years to start operating. Its president, Álvaro Hincapié Vélez, said the initiative aims to anticipate the targets of Colombia's Single-Use Plastics Law. Green businesses already generate about 73% of the company's revenue.

In 40 seconds

  • Enka approved investments of more than US$15 million, with its own resources, for its third bottle-to-bottle PET plant.
  • The phased project targets a capacity of 60,000 tons per year and will take about two years to operate.
  • The company aims to anticipate the recycled-content targets of the Single-Use Plastics Law.
Read the full story at El Colombiano

IASummary generated by artificial intelligence from a story by El Colombiano. It may contain errors: the original source prevails.

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