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Plastic Recycling August 14, 2019 12:30:57 PM

Israel's New Consortium to Promote Plastic Recycling Technologies

Paul Ploumis
ScrapMonster Author
The newly announced CIRCLE consortium will receive an investment of nearly $8.6 million.

Israel's New Consortium to Promote Plastic Recycling Technologies

SEATTLE (Scrap Monster): The Israel Innovation Authority has given approval for establishment of a new consortium that will promote the use of recycled materials in plastics industry and innovative technologies in plastic recycling.

The newly announced CIRCLE consortium will receive an investment of nearly $8.6 million. It will operate within Israel Innovation Authority’s MAGNET consortium that focuses on research and development of cutting-edge technologies. The consortium will bring together companies in the recycling sector, manufacturers as well as academic and research institutions in developing innovative recycling technologies, so as to give the domestic industry an edge in international markets.

ALSO READ: City of Anderson Announces New $18 Million Plastic Recycling Facility

The consortium is being established with the aim of leveraging the country’s academic and industrial capabilities to close the existing technological gap and elevate Israel’s plastics industry to international level.

Israel’s Economy and Industry Minister Eli Cohen stated that use of recycled or innovative materials will help in creation of responsible industry and economy and protection of environment.

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