Published On: Tue, Aug 7th, 2012

GREEN IS THE NEW GOLD Deputy PM backs Closed Loop Recycling’s Olympic Legacy

GREEN IS THE NEW GOLD Deputy PM backs Closed Loop Recycling’s Olympic Legacy

GREEN IS THE NEW GOLD Deputy PM backs Closed Loop Recycling’s Olympic Legacy

The Deputy Prime Minister Nick Clegg has today given his backing to London Olympic legacy business Closed Loop Recycling’s expansion plans which will double capacity at the East London state-of-the-art plant, creating the most advanced plastics purification facility in the UK.

Closed Loop Recycling, which was originally born out of the 2000 Sydney Olympics, has helped to stimulate UK consumers to recycle more since it was established in 2008. Its expansion will lead to the creation of potentially hundreds of new green jobs throughout the packaging and recycling industries, including more than 100 new or safeguarded jobs at the Dagenham site itself.
Chris Dow, CEO of Closed Loop Recycling said: “We’re in the middle of the Olympics, which is happening only a javelin-throw from our doorstep and we are proud to be one of its success stories.

“We were in the original bid book which helped London win the Olympics back in 2005 and now seven years later we’ve got one of the best plastic-recycling facilities in the world right here in London. The Olympics can lay claim to stimulating development of some very high-tech infrastructure investment, winning gold medals on every front.”
As well as receiving the support and acknowledgment of Deputy Prime Minister Nick Clegg about the Olympic legacy that Closed Loop Recycling has created, UK Trade and Investment Minister Lord Green also added his own comments:

“I congratulate Closed Loop Recycling on its success in plastics purification and encouraging recycling – especially during the Olympics. I warmly welcome its expansion plans, which are an excellent reflection of the strength of the UK market for low-carbon and environmental goods and services.”