€54m earmarked for six plastic processing plants

An Irish company has announced plans for a €54m investment which would see six processing plants constructed with the creation of up to 180 jobs.

At a European Parliament seminar in Brussels last week, Trifol Resources Limited unveiled plans to build six plants which, once fully operational, would process 42,000 tonnes of plastic waste each year generating 40m litres of fuel valued at €28m, excluding taxes and duties.

Trifol holds the exclusive Irish franchise for the technology which was developed by Cynar Plc, a UK-registered, Irish-owned company.