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Bag recycler PlasRecycle in administration

Posted on 25 July 2016

The company behind a £12 million plant set up to recycle LDPE plastic bags in Woolwich, West London – which was backed with funding from WRAP and the London Waste and Recycling Board (LWARB) – has been placed into administration.

PlasRecycle, which was set up by former Sterecycle director Duncan Grierson, developed a plant in South East London to process bags and films to produce a plastic granulate that can be used to manufacture new bags and damp proof membranes.

A total of £10.7 million in funding was secured for the plant which opened in 2013, coming from sources including the Waste & Resources Action Programme (WRAP), the Foresight Environmental Fund and LWARB, which provided around £3,455,000. See link: http://www.letsrecycle.com/news/latest-news/bag-recycler-plasrecycle-in-administration/