“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.

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