Production Capacity Development for Transition from Plastics to Recycled and Biodegradable Packaging

About this project

<p><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">IZA SRL has designed a development strategy that contributes to EU’s target of transitioning from plastic to biodegradable and reusable packaging products.&nbsp;The existing production capacity permits the company to offer limited quantities of recycled products although the available plastic waste is 10 times higher than the quantity that is currently used in the production. To deal with this problem, the company will invest in new equipment to diversify the company’s production by using more environmentally friendly technology in the production flow. The new recycling line will use less resources like water and energy compared to the existing line. </span></span></p> <p><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">The investment will strengthen the company’s position and development, while making the process greener. This will also help the company to gain new clients that need raw material for their production and clients that need recycled plastic films, foils, biodegradable and recycled plastic bags. Key activities include:</span></span></p> <ul> <li><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">Project management with assistance of a consultant.</span></span></li> <li><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">Project promotion of outputs and results.</span></span></li> <li><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">Audit conducted by an external auditor.</span></span></li> <li><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">Investment activity which includes purchasing and implementing state-of-the-art energy efficient equipment.</span></span></li> <li><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">Trademark registration to protect their “green brand” which they will build up.</span></span></li> </ul> <p><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif">CO2 emissions are estimated to decrease by 10.820 tonnes in 2023 compared to baseline year 2019. Annual collection of waste from production and operational process for re-use or recycling is estimated to increase by 4.700 tonnes for the same period. The project is also expected to generate 10 new jobs.</span></span></p>