NOVAPET is the primary producer of PET in the Iberian Peninsula. Our strategy is aimed at innovation, sustainability and the integration of services to the packager, so our portfolio covers the whole PET value chain: standard and specialty resins, concentrates, preforms and bottles

Africa: Northern Africa

America: Caribbean

Europe: Eastern Europe, Northern Europe, Southern Europe, Western Europe

Post-consumer recycled content: 3% (100% from mechanical recycling; 0% from chemical recycling)

Pre-consumer recycled content: 0%

See endnotes for more information on quantitative data

Despite the challenging year the whole world suffered, during 2020 Novapet kept demonstrating a strong commitment towards the circularity of PET, specifically in three different ways: Our main project related to the production of recycled PET was officially approved, under the name of REnovaPET, and this will mean important investments in the following years to reach our post-consumer recycled objectives. As manufacturer of preforms and bottles, we kept working with final packagers to increase the use of recycled PET in their portfolio. As average, the content of rPET in the preforms manufactured by Novapet reached 11% in 2020, from 8% reported in 2019. We kept developing and increasing our own PET bottles recovery system in the area where our factory is located, to educate and share with the people the importance and benefits of PET recycling.

As PET producer, by 2025, thanks to the investments already approved, minimum 15% of our raw materials will come from post-consumer waste, to produce more sustainable PET grades for packaging. First line will be already under operation by the beginning of 2023. In the preform and bottle division, we will keep working with our clients to increase the PCR content in their packaging, with the objective to reach minimum 25% by 2025. Besides, this unique integration along the whole PET value chain also allows us to develop fully recyclable/reusable PET grades for uses and markets that traditionally utilize problematic and less sustainable materials. We are also supporting technically and economically the development of chemical recycling technologies to complement mechanical recycling in difficult to recycle products. Such technologies have the potential to bring a fully circular value chain for PET

Total: $1.9 million

Knowledge (research and IP): 0.5 million

Fixed assets (plants and/or equipment, including technology): 0.95 million

Capabilities (additional specialised staff, employee training and skills): 0.15 million

Inventory (procurement, feedstock): 0.3 million

Besides the premium paid for working with post-consumer raw materials, Novapet invested more than USD 1.5 Million during 2020 in assets and R&I to develop processes to recycle PET waste materials that today are downcycled or go to landfill, as multilayers, colors, opaques or textiles