A stake in Sohar Aluminium would secure off-take from a smelter that already sells approximately 60% of its output to local downstream customers.
Petco Chief Executive Officer Telly Chauke confirmed that the organisation has successfully met or surpassed the legislated targets for these materials.
The recycled content reduces virgin plastic demand, while the mono-material polyolefin structure (compatible with existing recycling infrastructure) ensures the pack can be processed after use.
The initiative focuses on diverting recyclable waste from landfills, improving resource recovery, and promoting environmental sustainability through community participation and inclusive development.
The framework was designed to close the long-standing exclusion gap within Nigeria’s waste management ecosystem by formally recognising and empowering informal waste workers who play a major role in recycling.
Stakeholders described the initiative as a practical response to Nigeria’s growing plastic pollution crisis, which contributes to blocked drainage systems, flooding, and environmental degradation in major cities.
The first GAINnext application addresses rising demand for food-grade PET trays, distinguishing between takeaway or supermarket trays and consumer or medical packaging based on shape and use, reportedly achieving purity levels over 95%.
Functional parts recovered will be sold through Stellantis’s aftersales network and digital platforms under the SUSTAINera recycling and remanufacturing business unit, which focuses on repair, reuse, recycling, and remanufacturing activities.
The expansion directly supports Tadweer’s recycling infrastructure by ensuring that collected waste is sorted at source and routed to appropriate processing facilities.
For Amcor, the divestment aligns with the packaging giant’s focus on its core packaging operations.