As advanced recycling strategies gain favor, Barclays sees an underinvested way to play the theme. Analyst Katherine Ogundiya said there are both economic and environmental reasons to consider advanced recycling, which involves purifying plastic so that it can go back into the circular economy. And she said a crop of companies providing the feedstock needed for the process have been overlooked by investors.
mountain Tomra shares have fallen more than 30% year to date. Advanced recyclers Despite growth in the space, Ogundiya noted there are still just a handful of companies with a notable exposure to advanced plastic recycling. She said Aduro Clean Technologies and Loop Industries are both "pure" plays, but are relatively small. Though considered a small player, Loop has plans to expand capacity through new plants in South Korea and France.
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