NEOPET CYCLE - PET resins with 25% of recycled content
At the beginning of 2021, UAB NEO GROUP, a PET producer operating in Klaipėda FEZ, produced and sent to customers for testing the first PET resins, which were manufactured using up to 25% of recycled raw materials. The company predicts that the commercial application – PET packaging – of this fully circular product will be presented to the market by converters in early May. In the next 3-5 years, NEO GROUP plans that recycled PET will account for 25-30% of the total production.