Moscow, Russian Federation, February 3, 2023 – UCY Ventures Group (UCY) announced the launch of a new recycling technology project aimed at transforming PET bottle waste into food-grade rPET pellets.
The new facility will create more than 100 new jobs once all phases are complete. The first phase of the project involves the renovation of an existing building in Ozery, which has been acquired for the purpose, and the purchase of necessary equipment for the facility. First production runs are planned to start in 2023.
The new project represents a major milestone in UCY’s ongoing efforts to reduce waste and promote sustainable solutions. The company will use state-of-the-art technology to process and recycle the PET plastic waste of approximately 12 million people.
This project underscores UCY Group’s commitment to investing in recycling technology, which is essential for a sustainable future. “At UCY, we believe that recycling is a global responsibility, and we are committed to playing our part in this important effort,” said a UCY spokesperson. “Especially in times of political tensions it is important not to forget mankind’s responsibility to a circular economy. Global warming does not stop at borders and thus requires a global solution. ”
About UCY Ventures Group
UCY Ventures Group is a leading conglomerate of companies that specializes in investments and development projects across a range of industries. With a focus on innovation and sustainability, UCY Ventures Group is dedicated to creating long-term value for its stakeholders while promoting environmental and social responsibility.