ALTEO Group’s new waste treatment plant will help the transition to a circular economy

FE-GROUP INVEST Zrt. will process the waste from products subject to the Deposit Refund System (DRS) introduced this year, at its new waste processing plant. The investment, 70 percent of which was awarded by the Energy Strategy Institute Nonprofit Ltd’s non-refundable grant worth HUF 300 million, includes a special line of machinery consisting of an automatic sorting plant extended with mechanical separation technology, two baling machines capable of baling metal beverage cans and PET bottles, and a conveyor belt.

“It is equally important of our commitment to sustainability and the development of our waste management business that we use the money won from the tender to support the technological transition of waste from the DRS system to circular economy,” said Anita Simon, Deputy CEO for Sustainability and Circular Economy at ALTEO.

The investment will enable ALTEO’s subsidiary to produce 11,400 tonnes of PET bales and 3,050 tonnes of aluminium bales per year, while another 760 tonnes of tin and ferrous metals will be separated during processing. To this end, the site will receive 15,210 tonnes of mixed waste per year under a two-year service contract signed last summer with MOHU MOL Hulladékgazdálkodási Zrt., the winner of a 35-year waste concession in Hungary, which can be extended for a further two years.