Green Group

Green_GroupThe Green Group is the first industrial waste recycling park in Romania that was established  by Romcarbon SA, a Romania-based plastic and chemical production copany. The Green Group was founded in 2011 as a holding company, with the purpose to create synergies between four independent greentech companies. Located in the Frasinu industrial park near Buzau, a city in the south-east of Romania, the four companies have developed step by step over a period of ten years, starting in 2002. They offer solutions for waste collection, transportation, treatment, recycling and disposal:

- GreenTech SA was the first company of the Group established as a plastic waste recycling factory, founded in 2002. GreenTech is currently an important plastic waste recycler in South-Eastern Europe and a pioneer on the Romanian market. The company owns recycling installations in Romania (in Buzau and Iasi), as well as in neighbouring countries like Macedonia, Serbia, Ukraine and Greece.

- GreenFiber International was founded in 2004. It is the only company manufacturing synthetic polyester fiber and PET band in Romania. It produces a wide range of fibers (solid fibers, hollow fibers, HCS fibers and tailor made fibers of different colors) and PET strapping for clients in the European market.

- The opening of the third company of the Group, GreenWEEE International SA followed in 2009, with an initial investment  that amounted to €10 million. It is the first and largest factory offering integrated electrical and electronic waste treatment in the country, equipped with state-of-the-art technology.

- In 2010, GreenLamp Reciclare SA was created as the only recycling unit for used lighting equipment in Romania that uses an advanced technological process for this purpose. It has the capacity to treat the used lighting equipments through an advanced distillation process meant for recovering the mercury existing in fluorescent tubes, or other discharge lamps such as the high intensity discharge lamps (HID). Around 7-8 million florescent tubes and HID lamps are consumed on average per year in Romania, but only around 10% of them are recycled. GreenLamp aims to offer solutions for increasing this percentage.    

By integrating the operations of the fours companies, the Group will be able to close the recycling loop and better save resources and energy, while the services of the four member companies will be further developed.   

In 2012, the European Bank for Reconstruction and Development and Global Finance closed an investment of around €22.7 million for the further development of the Green Group recycling park. The Green Group will enhance its recycling services by investing in new infrastructure and technologies related to special reverse vending machines that will be installed in supermarkets to collect plastic bottles and other recycled material.

Barriers and drivers

The Green Group member companies have been facing the barrier of poor waste collection in Romania. In Romania, only 1% of waste is collected, as landfills are still the predominant solution in the country. The Green Group therefore intends to expand its activity focusing on the field of waste collection in the future, and the trust received from investors encourages the Group to develop these plans.

Economic performance

The Green Group has over 1,500 employees and opened operational work points in several locations in Romania: Buzau, Bucharest, Ilfov, Iasi, Corabia, Arad and Cluj. In addition, the Group has work stations in Serbia, Macedonia and Germany. 

Environmental impact

GreenTech has  a monthly absorption capacity of 4,000 tonnes PET packaging, which gives the company the ability to recycle  an estimated 40% of the packages introduced in the Romanian market. GreenWEEE has a capacity of 50,000 tonnes.

Further information

ttp://www.green-group.ro

 http://www.greentech.ro/

EBRD Factsheet on Romania, 2012: www.ebrd.com/downloads/research/factsheets/romania.pdf;

Ecologic.ro, 2012: "Green Group, patru firme de reciclare si 1500 de angajati", http://www.ecologic.rec.ro/articol/read/actualitate/7421/   

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