Re-Gen Waste Invests £20 million in Paper and Glass Re-Melt Products

摘要

Following the announcement of plans to build a £22 million self-funded 'circular economy resource park' in Newry this year, Re-Gen Waste has committed a further £20 million investment in the local manufacture of two, innovative new products. Derived from local household waste, the advanced, absorbent paper product is currently undergoing R&D testing, in association with Queen's University Belfast. Both manufactured goods should be ready to bring to market in 2023 and will drive improvements in local Circular Product use. This new tranche of investment is expected to create 250 local jobs, deliver £20 millions of value to the NI economy annually and provide a strong alternative to incineration and shipping recyclable materials overseas. Managing Director Joseph Doherty said: "In the last ten years SMEs in the NI Waste Sector have been innovating and developing processes and plant, to move Northern Ireland towards a circular economy.