The European Bank for Reconstruction and Development (EBRD) has approved a €15 million loan to ECSO, a prominent Lithuanian company specialising in the production of plastic granules manufactured entirely from recycled materials.

Owned by Abris Capital Partners, a private equity firm and certified B Corporation focused on environmental, social, and governance enhancement, ECSO processes industrial and domestic plastic waste to create low-density polyethylene (LDPE) granules. These granules are crucial in manufacturing various products, including plastic packaging and carrier bags.

This financial backing from the EBRD will bolster ECSO's expansion efforts. The investment is directed towards incorporating innovative solutions in their production line, such as an automated sorting facility for raw waste, and enhancing filtration systems, quality control, and water treatment processes. These improvements are expected to streamline ECSO's production capabilities and enhance the quality of their output.

In line with the EBRD’s Green Economy Transition initiative, the investment will aid ECSO in reducing raw plastic waste and resolving technological limitations in their production cycle. It also aims to elevate the company's waste management methodologies.

Since being acquired by Abris in 2022, ECSO has benefited from the firm’s extensive expertise in recycling across central and south-eastern Europe and the Baltic nations. Abris also owns Green Group, a leading recycler with 11 facilities in Lithuania, Romania, and the Slovak Republic. Green Group’s wide-ranging recycling expertise includes polyethylene terephthalate (PET), waste electrical and electronic equipment (WEEE), LDPE, glass, and industrial waste management services.

The EBRD stands as a significant institutional investor in Lithuania, having invested over €1.4 billion in 123 projects within the country, predominantly in the private sector. Advancing green economic transitions and enhancing the private sector’s competitiveness remain pivotal to the EBRD’s objectives in Lithuania.