Renewi plc announced the recent opening of its hard plastics sorting facility in Acht, The Netherlands. With this strategic investment, first announced during its Capital Markets Day ("CMD") in October 2023, Renewi is delivering on its sustainable organic growth objectives. Hard plastics are used in a wide variety of products, including children's toys, garden furniture, electronics, household appliances, cars and containers. The newly opened facility will allow the Company to recycle not only separately collected plastics, such as a hard plastic mix from recycling centres, but also more contaminated material from construction and demolition waste. The installation categorises plastics into as many as 18 distinct product streams, with polypropylene and polyethylene being the primary streams. By implementing advanced technology and incorporating sorting and cleaning processes, the purity rate for both types of plastic is a minimum of 95%. This advancement expands the range of high-quality products that can be manufactured using recycled materials. With the opening of its new facility, Renewi advances its recycling efforts, solidifying its position as a leader in the sector and reducing reliance on traditional waste disposal methods. The Acht facility showcases Renewi's innovative approach towards future recycling processes and will help increase the Company's recycling rate further. Renewi aims to expand partnerships with industry leaders and stakeholders, reaffirming its commitment to sustainability and helping leading the charge towards a waste-free future. In FY23, Renewi recycled 7 million tons of the total incoming waste, generating a recycling rate of 63.4%. By leveraging technology, Renewi continues to enhance its recycling capabilities, producing more and more low-carbon secondary materials. Through ongoing innovation and investment in research and development, Renewi seeks to refine its processes and explore new recycling avenues to meet the growing demands of the circular economy.

In FY22 the Company, announced it would invest over ?100m over the subsequent 3 years leading to a ?20m EBIT improvement. This plan encompassed projects such as optimising residual waste sorting, advancements in household appliance recycling and production of biofuels like bio-LNG and green gas from food waste, showcasing promising advancements and reaffirming Renewi's commitment to delivering on its promises. The Acht plastics sorting facility is expected to contribute to achieving Renewi's EBIT and topline growth targets as well as help make progress towards a more sustainable future. Looking forward, Renewi remains committed to investing in high-return projects to drive growth and margin improvement.