Close the Loop, Sicut Enterprises share in $7.4m to turn soft plastics into vital infrastructure

Close the Loop, Sicut get $7.4m for plastic recycle projects

Listed zero waste group Close the Loop (ASX: CLG) will join UK-based Sicut Enterprises in playing a key role in a NSW Government initiative announced today to divert more than 12,000 tonnes of soft and hard-to-recycle plastics a year from landfills and transform them into materials for local manufacturing and civil infrastructure including sleepers for local rail networks.

Close the Loop, a Melbourne-headquartered company that is currently subject to a $143.6 million takeover by Sydney’s Adamantem Capital, has received a grant of $2.35 million to set up an advanced mechanical recycling facility in south-west NSW.

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