To create circular material flows, there is a need for cooperation, concrete plans and bold goals. Stena Recycling's new sustainability event Circular Initiative gathered over 200 people, when representatives from leading industrial companies met to discuss solutions for a sustainable future.
Swedish companies can do more to prevent waste and make better use of the waste that is produced in various types of industry. With technical development and new broader collaborations, resources can be saved and multiple circular flows can be created. This is a necessity if there are to be enough resources for tomorrow.
In May, the Stena Metall Group issued its first green bond, amounting to SEK 800 million, with the money being earmarked for sustainable investment in the Stena Nordic Recycling Center. The first report has now been published, which specifically shows where the money has been spent.
Interest from investors was considerable when the Stena Metall Group issued its first green bond on May 23. The amount was SEK 800 million with a term of five years. The net proceeds is earmarked for sustainable investments in the Stena Nordic Recycling Center, one of Europe's most advanced and efficient recycling plants, where cars can be recycled up to 95%.
Stena Oil has signed an agreement to create a new marine fuel terminal in the Port of Frederikshavn. The facility will be fully adapted for the new Sulphur Directive 2020 and its location will reduce the distances travelled by bunkering vessels. The oil terminal will be the largest of its kind in Scandinavia, with a capacity of 75 000 cubic metres.
The Stena Nordic Recycling Center took the Waste Processor of the Year award (Årets avfallsbehandlare) at the Recycling Gala, held at Berns in Stockholm on January 25th.
