BEWI further increases its recycling capacity by opening a circular hub in Norrköping, Sweden

31 May 2024 07:30 CEST

BEWI, a leader in sustainable packaging, components, and insulation solutions,
announces the opening of its new circular hub in Norrköping, Sweden, elevating
the company's EPS (expanded polystyrene) recycling capacity by 40 per cent. BEWI
has strong ambitions to increase collection and use of recycled EPS in its
product offering, meeting customers' demand for more circular solutions as well
as international targets and requirements for recycled content.

"We are proud to present our new, state-of-the art recycling facility here in
Norrköping. We are well positioned to meet the growing demand for products with
recycled content, driven by both the market and legislations", says Aljosa
Krizman, EVP and Head of BEWI's Circular segment.

The circular hub is a result of a transformation of BEWI's former insulation
facility in Norrköping. The facility is equipped with the latest recycling
extrusion technology and offers a potential for further expansion. Its strategic
location in Norrköping enables efficient transportation to and from customers
and BEWI's facilities, such as the extruder for recycled polystyrene in the
Netherlands creating new EPS raw material. In addition to offering external
customers recycled feedstock, the circular hub facilitates the use of recycled
material in BEWI's downstream business units, increasing the offering of
solutions with reduced CO\2\ footprint.

Recycling in practice and at scale

Since 2018, BEWI has invested significantly in circular capabilities. The
company collects and recycles used EPS packaging and insulation products, such
as fish boxes and construction debris. The UN Environment Programme (UNEP)
recognises EPS transport packaging as «recycled at scale and in practice». Last
year, BEWI collected 27 000 tonnes of used EPS for recycling - more than any
other insulation company - equivalent to approximately 90 per cent of the fish
boxes it produced, clearly demonstrating recycling at scale and in practice.

"We collect and convert used EPS into high-quality recycled raw material,
effectively contributing to increase recycling and establish a closed-loop
system. With the circular hub in Norrköping, we enhance our recycling platform,
expand our product offering and strengthen our market position," explains
Christian Bekken, CEO of BEWI ASA.

The recycled material, rGPPS (recycled general-purpose polystyrene), is used in
a range of applications, including insulation boards, protective packaging, and
manufacturing of new EPS raw material. BEWI also offers tailored waste
management solutions as well as a range of recycled products for various
industries. The new facility in Norrköping brings the company closer to becoming
a circular company, confirming the commitment to leading the change towards a
circular economy.

Contact:

Charlotte Knudsen, Chief Communications and IR Officer BEWI ASA, tel: +47 9756
1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation
solutions. The company's commitment to sustainability is integrated throughout
the value chain, from production of raw materials and end goods, to recycling of
used products. With a vision to protect people and goods for a better every day,
BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

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