At a new recycling plant operated by Fe-Group Invest – a company of Alteo Nyrt. – 15,000 tons of PET bottles and aluminum cans will be processed annually. The project involves an investment of HUF 1 billion (approx. EUR 2.5 million), with 30% of the investment supported by the state.
The modern facility is designed to ensure that the secondary raw materials are truly suitable for reuse in industry. The new plant, located in Budapest’s 10th district, is capable of compressing 11,400 tons of selectively collected PET bottles and 3,050 tons of aluminum cans into bales. Since the launch of the innovative beverage container collection system last summer, the public has collected 2.2 billion plastic and glass bottles as well as cans.