(Finance) – Sustainable Ethical Recovery (RES), a company that has been operating in the Circular Economy and environmental sustainability sector for over 30 years, has obtained from BPM desk a loan of Euro 10 million for the construction of the chemical recycling plant – through pyrolysis – of plastics.
There variable rate credit line with a duration of 8 years with 18 months of pre-amortization it is backed by a SACE Green guarantee (on Euro 8 million) and by Medio Credito Centrale (on Euro 2 million) at 80% and finances the construction in Pettoranello del Molise (IS) of the so-called PHASE II of the related project the creation of an integrated center for the selective selection and recycling of plastics aimed at the production of secondary raw materials and the recovery of process waste by transformation into pyrolytic oil.
In particular, the credit line finances the construction of a innovative industrial plant for the recycling of mixed plastic wastesuch as polyolefin film fractions, through pyrolysis, i.e. the thermochemical decomposition process of plastic waste. The plant will have a treatment capacity of 20,000 tonnes per year.
With the implementation of this third plant, on the technological basis of the multinational BlueAlp, at the Pettoranello del Molise site, the completion of the first totally integrated center for the recovery and transformation of plastics from both mechanical recycling and chemical recycling, through pyrolysis, will be achieved , to be used as virgin raw materials in the plastic, chemical and petrochemical industries.
The Company, pending the formalization of the aforementioned financing, continued to implement the development plan by bringing forward part of the investments in Pettoranello del Molise, so as to be in line with the timing of the corporate strategy communicated to the market.
“This operation allows us to be perfectly aligned with the challenging objectives of completing all the investments in Pettoranello del Molise communicated in the IPO and, therefore, of entering production with the pyrolysis plant by the first half of 2026 – declares Antonio Lucio Valerio , CEO of RES -. This project, in line with our corporate vision of being a solid and innovative pure player in the sector, –. positions RES among the top companies in Europe for innovation in the waste management and circular economy sectors. Thanks certainly go to Banco BPM which has accompanied us from the beginning on this path of evolution of our industrial plan”.