Suez Environnement, Paris, is partnering with TerraCycle, Trenton, New Jersey, and acquiring 30% of its activities in Europe to develop innovative collection and recycling programs in Belgium, Finland, France, the Netherlands, the United Kingdom and Sweden.
According to both companies, the partnership will bring together TerraCycle's collection programs, which focus on community engagement, and Suez's expertise in waste recycling and recovery.
The two companies say the partnership will offer individuals, businesses and municipalities new solutions for recycling waste that was previously not recyclable in order to transform it into new secondary resources.
“Our programs are among the most innovative for promoting recycling. The partnership will expand Suez’s public-facing recycling opportunities, while speeding up TerraCycle’s development in Europe. With Suez’s expertise, TerraCycle will offer more customized recycling solutions tailored to various waste streams," says Tom Szaky, TerraCycle’s CEO.
TerraCycle develops selective collection systems for recycling more than 100 specific hard-to-recycle waste streams currently not handled by traditional recycling channels. The company partners with mass market companies, brands and municipalities to implement recycling programs tailored to these post-consumer products and their packaging.
Presently, close to 60 million collectors are already working with TerraCycle, either through:
collection programs set by voluntary citizens, “sponsored” by companies or municipalities (collectors register on TerraCycle's website and are awarded points that are converted into donations for the organizations of their choice),
or recycling services paid by companies such as “Zero Waste Boxes.”
Through the partnership, Suez is expanding its range of services in Europe with innovative voluntary collection methods and additional recycling channels for its customers, particularly for products that need complex packaging and require specific collection and sorting solutions. All the waste collected will be reused or recycled into new products.
“We are delighted to embark on this innovative partnership with TerraCycle. Its aim is to recycle more and more waste, even the most complex, by relying on the commitment of everyone – including citizens, municipalities and businesses – wishing to transform waste into new resources for an even more circular and more virtuous economy in Europe,” says Jean-Marc Boursier, Suez’s Deputy CEO for its Recycling and Recovery business in Europe.
“Our programs are among the most innovative for promoting recycling. The partnership will expand Suez’s public-facing recycling opportunities, while speeding up TerraCycle’s development in Europe. With Suez's expertise, TerraCycle will offer more customized recycling solutions tailored to various waste streams,” explains Szaky.
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