Revolutionary plastic recycler Heerenveen bankrupt again

Plastic recycling company Blue Cycle in Heerenveen has gone bankrupt. The pilot plant, which started up last year, was the first in the Netherlands to make oil from plastic waste. According to director Eric Witvoet, the bankruptcy is the result of a combination of circumstances. "There were higher costs, high investments and a delay in the start-up," he says at Omrop Fryslân. "In short, more money was needed than originally thought." Blue Cycle …

It was announced as a revolutionary development. Barely a year after plastic recycling company Blue Cycle opened a factory in Heerenveen where oil was made from plastic waste, they have already gone bankrupt. Millions of euros in government money were probably lost in the process, Omroep Fryslân reports.