The Italian company Seri Industrial Spa announces that the Development Contract has been signed by the Ministry of Enterprises and Made in Italy and Invitalia Spa to support the industrial project proposed by Packaging to Polymers Srl ("P2P"), a company co-participated by the subsidiary Seri Plast Spa and Unilever Ventures Holdings.
P2P intends to set up a new production unit in Pozzilli (Isernia, Molise, Italy) for the production of recycled plastic raw materials from the recovery of post-consumer packaging (Post consumer resyn - PCR) necessary for the production of new-life plastic packaging.
The project also includes a research and development program of innovative technologies that will guarantee, from waste sorting to compound extrusion, a very high quality of the PCRs placed on the market. In addition, a technology will be developed for waste recognition and separation using optical sorters, coupled with deep learning machines that will perform waste detection by automatic learning of end-of-life plastics recognition.
The project envisages total investments of around EUR 109 million, subsidized with MIMIT resources of around EUR 82 million (of which EUR 30 million non-repayable grant and EUR 52 million subsidized loan).
Through this project, and taking advantage of Seri Plast's historical know-how in the circular economy and plastics processing, P2P will be Unilever's main strategic partner for the supply of recycled plastics raw materials for all Unilever sites in Europe, in line with EU and Italian directives on sustainability and circularity and with the Unilever Sustainable Living Plan (USLP) strategy for maximizing the use of recycled plastics in packaging solutions.
The project, which is part of the industrial reconversion program of the Pozzilli site, also expects a strong employment impact through the re-employment of personnel for at least 75 employees. Finally, it should be noted that preparatory activities for the Site and the demolition of the old plants have been completed.
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21 June 2023
