Bewi Invest AS

Environmental & Social Information • May 31, 2024

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

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

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.