NEXTEK-LTD
24.3.2021 09:33:11 CET | Business Wire | Press release
Following eight years extensive research, Nextek Ltd has launched a global multi-participant project (NEXTLOOPP) to address a missing link in the plastics recycling stream - Polypropylene (PP).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210324005370/en/
PP accounts for around 20 percent of the world’s plastic.1 Mostly used in pots, tubs, trays and films for food packaging, it is also prevalent in non-food household and personal care products, which complicates recycling the 700,000 tonnes/annum used in the UK alone.2
Currently PP packaging is either going to waste-to-energy, landfill or being down-cycled into low-performance applications, wasting precious resources. Furthermore, the absence of food-grade recycled PP (FGrPP) means that all PP food packaging is currently made from virgin plastics.
Looming plastic packaging taxes have sharpened a focus on including at least 30 percent recycled content in packaging and transforming the way we manage our short-lived materials to minimise and reduce current waste levels.
NEXTLOOPP uses commercially-proven technologies to separate food-grade PP using marker technologies. These include cutting-edge decontamination stages to ensure compliance with food-grade standards in the EU and the USA. Now we can finally close the loop on FGrPP.
Major organisations including brand-owners, suppliers, universities and industry associations, through to end-users in the PP supply chain, have joined NEXTLOOPP to produce a world-first; high-quality FGrPP that will be available in the UK by 2022.
Professor Edward Kosior, founder and CEO of Nextek Ltd, explains that creating a circular economy for food-grade PP packaging waste fills the enormous gap in the packaging recycling sector and helps reach Net Zero Carbon targets. “It will allow brand owners to meet their recycling targets and significantly reduce the use of virgin plastics from petrochemicals. It will also greatly reduce CO2 emissions and divert waste from landfill and waste-to-energy.”
UK-based WRAP has confirmed that The UK Plastics Pact is pleased to support the NEXTLOOPP project in delivering a technology that will achieve food-grade polypropylene. WRAP’s Acting Director Insights and Innovation, Claire Shrewsbury, says that finding a way to successfully recycle food-contact polypropylene is a key challenge. “Achieving this will enable UK Plastics Pact members to reach the target of an average of 30 percent recycled content across all packaging by 2025. WRAP believes that NEXTLOOPP offers a potential solution to this and we will work closely with the other stakeholders to develop the project further.”
Viridor’s Director of Business Development (Polymers), Luke Burgess, says the company’s participation in the food-grade trial is in line with Viridor’s ongoing commitment to the UK circular economy. ”Viridor believes that extending its polymers expertise and recycling experience to cross-sector collaboration and innovation is key to ensuring more waste is valued as a resource and returns to the circular economy where it belongs. Reducing our reliance on virgin plastic not only empowers greater circularity, but the continued use of recycled material also offers significant energy savings, contributing to considerable wider environmental benefits for the UK.”
Lubna Edwards, Group Sustainability and Marketing Director at Robinson Packaging says: “NEXTLOOPP is absolutely aligned with Robinson’s goals and those of our customers for closed-loop solutions, as well as governmental circular economy targets. Demand for this high-value recycled material will continue to rise as we shift away from using virgin material. Much of our UK business depends upon PP and this ground-breaking project gives us the opportunity to tap into cutting-edge technology, learn from industry partners and trial the material for sustainable use in our packaging.”
Andrew Fisher, Managing Director of leading plastic packaging manufacturer Sharpak Yate, says: “As part of the Guillin Group, Sharpak has recyclability in its DNA. NEXTLOOPP is an industry-leading initiative and we are proud to be collaborating with this multi-participant project.”
Adam Elman, Group Sustainability Director at Klöckner Pentaplast says: “Capturing the value of plastics by keeping them within the economy and out of our natural environment is key to meeting the Plastics Pact targets and very much part of our business strategy. Swapping the traditional ‘take-make-waste’ linear model for a circular system is also one of the many important steps towards significantly reducing our carbon emissions. We are proud to be working in collaboration with NEXTLOOPP on this important project.”
As of 23 March 2021, 29 organisations across the PP supply chain have joined NEXTLOOPP. Other multinational companies are soon to join.
About Nextek Ltd
Nextek is a global sustainability consultancy that offers strategic advice to regional and multi-national organisations and recycling companies. Launched in 2004, Nextek researches and develops innovative strategies and processes within the recycling ecosystem – from designing recycling plants to developing ground-breaking projects for governments and major organisations. Nextek launched NEXTLOOPP, a two-year multi-participant project, to close the loop on food-grade rPP. This project incorporates unique technological breakthroughs that include innovative sorting and cutting-edge decontamination technology.
- WRAP (www.wrap.org.uk ): PlasticFlow 2025 – Plastic Packaging Flow Data Report. August 2018
- PlasticsEurope Market Research Group (www.plasticseurope.org/en/resources/publications/4312-plastics-facts-2020 ): AF_Plastics_the_facts-WEB-2020-ING_FINAL.PDF; Slides 23 & 25.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210324005370/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Thales Launches Imperva for AWS to Help Organizations Protect Applications and APIs3.8.2026 14:00:00 CEST | Press release
Imperva for AWS delivers enterprise-grade web application, API, and bot protection for AWS environments Using Amazon CloudFront, AWS's fully managed content delivery network, to simplify deployment while strengthening application security Reduces operational complexity with centralized security visibility and policy management across AWS and multi-cloud environments Thales today announced the availability of Imperva for AWS, bringing its industry-leading web application firewall (WAF) to Amazon Web Services, Inc. (AWS) Marketplace as a SaaS offering. Built on key AWS services, Imperva for AWS helps organizations protect web applications and APIs against common cyber threats and malicious bot activity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260803503864/en/ ©Thales The 2026 Thales Bad Bot Report found that automated traffic now accounts for 53% of all internet requests, with 27% of bot attacks targeting APIs directly.
MEX Exchange, Part of MultiBank Group Strengthens Leadership Team with Key Appointment3.8.2026 13:39:00 CEST | Press release
MEX Exchange, the institutional electronic trading platform of MultiBank Group, today announced the appointment of Vibhanshu Bahuguna as Senior Director, reinforcing the company's commitment to building a world-class leadership team as it expands its global institutional business and technology capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260803009139/en/ MEX Exchange, the institutional electronic trading platform of MultiBank Group, today announced the appointment of Vibhanshu Bahuguna as Senior Director, reinforcing the company's commitment to building a world-class leadership team as it expands its global institutional business and technology capabilities. With more than 20 years of experience across sales, business development and electronic trading, Bahuguna joins MEX Exchange with extensive expertise in electronic trading solutions spanning EMS, OMS, OTC and ECN technologies across the foreign exchange
NIQ Returns to IFA 2026 to Lead Industry Conversations on Growth, Innovation, AI and Consumer Transformation3.8.2026 12:45:00 CEST | Press release
Exclusive insights, executive thought leadership and industry dialogue at the IFA Retail Leaders Summit and NIQ Business Breakfast As the Official Global Insights Partner of IFA Berlin 2026, NIQ (NYSE: NIQ) will continue to play a leading role shaping industry discussions , bringing together data, AI-driven intelligence, and human insight to illuminate the forces reshaping growth, innovation, and consumer behavior. Through executive keynotes, panel discussions, exclusive market intelligence, and strategic customer engagements (including participation in the IFA Retail Leaders Summit, the fourth NIQ Business Breakfast, and a dedicated SMB-focused event) NIQ will help translate rapid market change into actionable opportunity for the global technology ecosystem. Under this year’s IFA theme, “The Future Is Now,” NIQ will provide timely perspectives on the forces redefining consumer technology, home appliances, and retail—from AI-driven innovation and evolving shopper expectations to omnich
Prodalim Reports Q2 2026 Results, with Continued Accelerated Growth in its Specialty Ingredients & Solutions Business3.8.2026 12:03:00 CEST | Press release
SIS revenues (Specialty Ingredients & Solutions) grew 131% in Q2 to US$22 million.Group revenues for the quarter grew 16% to US$92.5 million.Adjusted EBITDA1 for the SIS grew by more than 3 times YoY to US$4.2 million, reflecting an adjusted EBITDA margin of 19.2%.The SIS business represented 24% of total revenues and 40% of adjusted EBITDA.Group’s adjusted net profit grew 4% to US$5.3 million.Cashflow from operating activities was strong, increasing to US$15.5 million. Tsahi Barak, Chairman of the Board and CEO of the Company, commented: "We are pleased to report another quarter of growth, highlighted by the increasing contribution of our Specialized Ingredients Solutions (SIS) business. We are clearly seeing the results of the transformation we have been leading over the past year, with revenue from our Specialized Ingredients Solutions business more than doubling compared to the same period last year. The business now contributes approximately 40% of the Group's adjusted EBITDA. We
Historic French Luxury Leather Goods House Moreau Paris Sold to Leading Manufacturer3.8.2026 11:00:00 CEST | Press release
ASTEREN announces that the Paris Commercial Court has approved the acquisition of Moreau Paris, one of France’s most prestigious luxury leather goods houses, by Cardinal Invest, owner of the French luxury manufacturer Groupe Lécuyer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260803029803/en/ Paris flagship rue du Faubourg Saint-Honoré (source: Moreau Paris) The transaction concludes a competitive international sale process conducted under the supervision of the Paris Commercial Court and marks the beginning of a new chapter for one of the last independent historic Paris monogram houses. Led by judicial liquidator Pablo Castanon at ASTEREN, with Richard Morgan Advisory as financial advisor, the process launched in early June attracted substantial interest from trade and financial investors worldwide. The Court order signed on 29 July lays the foundations for renewed investment, international expansion and long-term indus
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom
