Ingka Group, the largest retail operator for Ikea, has invested in recycling expert Re-mall, reinforcing its commitment to reducing waste and enhancing the supply of recycled materials. The specifics of this investment have not been publicized.
Re-mall, a recycling specialist with headquarters in Shanghai, specializes in the production of high-quality post-consumer recycled polypropylene. The company stands out as one of the few global providers that can produce transparent pellets from post-consumer food packaging waste on a large scale.
These recycled materials are utilized in a wide variety of products, such as storage containers, tableware, toys, cosmetic packaging, and woven fabrics. Re-mall supplies these materials to a multitude of renowned corporations.
Lukas Visser, the head of circular investments at Ingka Group, spoke on the collaboration with Re-mall: “Re-mall’s well-established supplier network and their partnerships with top Chinese food delivery service providers are already creating significant impact on the local recycling market on a large scale. By investing in Re-mall, our aim is to magnify this effect to help tackle the worldwide issue of plastic waste and aid in the transition to a circular economy.”
Re-mall runs a production facility in the Jiangxi province. The strategic location of this facility allows access to plastic waste sources from major cities like Guangzhou and Shanghai, located in the Yangtze River Delta and Pearl River Delta economic zones.
The company has stated that Ingka Group’s investment will bolster its recycling capabilities and aid in the development of new products.
Zhu Kuan, the CEO of Re-mall, expressed his enthusiasm about the new collaboration: “We are delighted to have Ingka Investments as a strategic partner in our mission to expedite the circular economy in the plastics sector. This partnership is a significant step forward in our journey to scale sustainable solutions on a global level. Together, our goal is to transform plastic waste into valuable resources, contributing to a cleaner planet and a more responsible future.”
Ingka Group runs Ikea retail stores in 31 markets, which equates to approximately 90% of Ikea’s worldwide retail sales.
What does Re-mall specialize in?
Re-mall specializes in the production of high-quality post-consumer recycled polypropylene. They are also one of the few global providers that can produce transparent pellets from post-consumer food packaging waste on a large scale.
What impact will Ingka Group’s investment have on Re-mall?
The investment by Ingka Group will enhance Re-mall’s recycling capabilities and assist in the development of new products.
What is the mission of Re-mall and Ingka Group’s partnership?
The partnership between Re-mall and Ingka Group aims to accelerate the circular economy in the plastics sector, transforming plastic waste into valuable resources, and contributing to a cleaner and more responsible future.
