Glass recycling company Recresco recently announced it is developing a glass recycling plant on an industrial site in Northfleet, Kent. The 3-acre plot is being supported by a £5.5M finance package from HSBC bank and will be the company's fifth UK plant. The plant will be able to take 40 tonnes of glass an hour for cleaning and sorting, before removing materials such as ceramics and paper to produce furnace ready cullet to distribute to glass manufacturers. Clear and brown glass will remain predominantly with UK manufacturers and green glass will be exported to EU glass producers. Recresco expects to create 40 jobs as a result of the expansion and a £10M rise in turnover to more than £28M. It forecasts the plant will drive processed glass export sales - exports account for a quarter of revenue, but that is expected to increase to 50%. The facility will open in July 2013.
