“ITERUM” has invested well over 10 million euros in the creation of the new factory, while the total investment reaches more than 35 million euros.
Considering the goals of climate neutrality and the “Green Deal” set by the European Union (EU), the role of waste recycling will significantly increase in its member states in the coming years. While the leading countries of the EU – Germany, Slovenia, Austria, the Netherlands, etc. – can recycle an average of 65% of generated waste, Latvia reaches less than 50%.
Continuing to expand the full-cycle circulation of waste in Latvia and beyond, the PET bottle recycling company “ITERUM” of the largest environmental resource management and recycling company group in the Baltics “Eco Baltia” will open a new factory in Olaine. The newly opened factory will be one of the largest and most modern PET processing plants in Northern Europe and one of the largest industrial buildings in Latvia, with a total indoor area of approximately 30,000 square meters and an outdoor area of approximately 40,000 square meters.
The project complies with the highest energy efficiency indicators. The building complies with the sustainable construction standard Breem, it will fully use energy obtained from renewable resources. Wastewater treatment equipment, unique in Latvia, has been installed in the factory, which allows to significantly reduce the consumption of chemicals in the process of wastewater treatment. An efficient air recuperation system has been created, which also provides that the excess thermal energy generated in the PET melting process will be used for heating the building. The new factory will have more than 250 jobs, with a special focus on employee well-being and the sustainability of the working environment.
