ETW launches production of regranulate for recycled bags

Published: 08.12.2020 Related countries:  New Zealand New Zealand, Australia Australia

Starting in 2021, a European tax will be introduced, requiring EU countries to pay EUR 0.8 for every kg of non-recycled packaging. Company is able to save the state up to CZK 120m in taxes.

ETW, which has developed a technology for recycling agricultural and municipal plastics, is launching the production of so-called regranulate. This is a material from which companies can create recycled garbage bags. Starting in 2021, a European tax will be introduced, requiring EU countries to pay EUR 0.8 for every kg of non-recycled packaging. The Czech Republic would pay over CZK 2bn a year. ETW’s CEO Tomáš Louda said that with the maximum utilisation of current capacities, the company is able to save the state up to CZK 120m in taxes. However, provided that Czech companies learn to use regranulate for production rather than the original raw material, i.e. oil.  

Source: Daily news | ČIA news
Czech Trade and Czech Invest Sydney