Australia's biggest recycler and packaging manufacturing company Visy has stepped in to acquire the assets of Victorian plastics recycling business Advanced Circular Polymers (ACP), post its collapse late last year.
Located in Somerton in Melbourne’s north, ACP reprocessed plastics from kerbside recycling collections. The facility has the capacity to sort and process more than 30,000 tonnes of plastics annually to be sold for reuse. The site currently houses over 1000 tonnes of unprocessed material, which Visy will now take over and reprocess.
Visy chief executive officer Mark De Wit said Visy will be on site at ACP from this week to begin the clean-up process and is committed to preventing this 1000 tonnes of unprocessed, hard-to-recycle plastics, from going to landfill.
“We’re not just a manufacturing company—diverting material away from landfill is at the heart of what we do,” De Wit said
Some of the material will be sent to Visy's world-class food grade recycled plastics manufacturing site in Smithfield, New South Wales to be reprocessed for food grade rPET and rHDPE containers.
Visy says it has signed a five-year lease with the landlord, demonstrating its commitment to processing hard-to-recycle plastics in Australia.
In 2022, Visy completed a $29m multi-state investment to divert up to 38,000 tonnes of plastics from going to landfill or being exported overseas each year, the equivalent of 1.9 billion plastic bottles.
Visy is Australia’s largest recycling company, partnering with councils across Australia to process approximately 40 per cent of Australia’s kerbside recycling bins.