CHASE Plastics, a UK manufacturer of recycled polyethylene raw materials (rPE), has announced ‘significant’ business growth after growing turnover by 72% in 2021.
The company revealed it is targeting sustained growth in 2022. The recycler, a recipient of £1 million in UK Government funding under the Resource Action Fund, has increased plastic packaging recycling volumes with the installation of a new recycling line.
In addition to increasing recycling capacity, the grant awarded by WRAP, which administers the fund on behalf of Defra, enables further development of Chase Plastics’ RECOTHENE rPE range.
Claire Shrewsbury, director WRAP, said, “The Resource Action Fund was developed to support resource efficiency initiatives such as this. Building a stronger recycling system is a core goal of the UK Plastics Pact led by WRAP. Our support of Chase Plastics’ recycling activities illustrates how business, NGOs and government can work together to divert waste from landfill or incineration and better manage resources.”
Chase Plastics chairman David Harris added, “We are delighted with the progress being made by Chase Plastics, and view the future with confidence. Increasingly, manufacturers are looking for rPE to meet their customers’ ESG requirements and respond to the Plastic Packaging Tax so demand for our high performance materials is strong.”
