The Project “Greentech’s Emissions Reductions from PET Recycling, Romania", developed by Greentech – a member company of Green Group, is the first project in Europe to apply PET waste frameworks through PET waste recycling, proactively reducing greenhouse gases emissions (GHGs) that would be otherwise required for the production of plastic products made of virgin inputs and accelerating progress towards many of the Sustainable Development Goals (SDG’s).
The total GHG emission reductions for the 10 years crediting period (2016-2025) are estimated at 453,800 t CO2. The annual average GHG emission reduction is 45,380 t CO2/year.
Furthermore, the project is in line with specific UN requirements because it contributes to local environmental sustainability, since recycling instead of using material from virgin inputs decreases the overall energy use, GHGs and environmental burden caused by natural resources extraction.
At the same time, PET waste recycling reduces the amount of waste to be disposed in the landfill. The project also contributes towards better working conditions and better revenue distribution to improve local and regional economic development, increases employment opportunities in the area; it contributes to the development of new technologies, to regional integration and connection with other sectors, and to a large extent to the local municipalities’ funds for social insurance, such as health and pension funds, and to local and social community development.