Aloxe invests €25m to expand PET recycling capacity in France

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Plastics recycler and packaging manufacturer Aloxe aims to be the largest independent PET recycling business in Europe by 2024 with a total annual production capacity of 120,000 tonnes at its sites in France, Poland and Italy. This month, the company announced that it had inaugurated a new PET recycling facility in France, The plant, in which Aloxe said it invested €25m, is located at a brownfield site in Messein in the east of France, and is to replace the existing plant in Vézelise.

The recycling explained that it was in the process of ramping up capacity at the Messein plant. Two new Erema Vacunite production lines went into operation in September 2023. In addition, recycling lines from Aloxe's existing facility in nearby Vézelise are to be moved to the Messein plant in December 2023. Overall, the project would raise Aloxe's recycling capacity for PET 12,500 tonnes a year to 50,000 tonnes, the company reported.

Aloxe was founded in 2021 by Arnaud Piroëlle and Clément Lefebvre. Mr Piroëlle worked in the petrochemical industry for 25 years, including 20 years at BASF, mainly in Brazil and Germany. Mr Lefebvre founded the French waste sorting and recycling company Tridex and managed the company for 13 years. He was most recently head of Plastics Recycling development at Veolia. Aloxe is headquartered in the Netherlands and belongs to Ara Partners' investment portfolio. The private equity company is also backing Repeats's efforts to "become a leading pan-European plastics recycling platform" for LDPE recycling.

By 2025, Aloxe plans to have seven PET recycling sites operating in Europe with 300 employees and a turnover of €220m. In addition to its French operations, the plastics company currently has plants in Italy (Presenzano) and Poland (Gdynia and Wąbrzeźno) with 180 employees and an annual turnover of €35m.

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