Closed Loop Recycling, owner of the Dagenham plant due to open in June, says it is already pursuing plans for a second plant "within an hour of Liverpool and Manchester"
Md Chris Dow says: "We are basing this project on the footprint of the Dagenham plant, but I'm hoping to add another level to that. Very exciting things are happening in plastics recycling, and this could be an opportunity to reprocess non-bottle waste."
Currently, input capacity of 35,000t, split between polyethylene terephthalate (PET) and high density polyethylene (HDPE), is envisaged for both plants. Closed Loop says the Dagenham plant will open at full capacity. The aim is to produce food-grade material, including recycled HDPE which will be converted into bottles for Dairy Crest milk.
"Assuming that collection levels continue to rise, we plan to build five recycling plants around the UK over as many years by reinvesting our profits," says Dow.
Venture capital company Foresight Group invested £4.6M in Closed Loop a year ago.