Strategic partnership with PlastEco
enespa and the Finnish start-up PlastEco Ltd. intertwine their efforts in a strategic partnership. It began with the delivery of a chemical recycling plant for plastic waste.
Partner PlastEco
Founded in 2022, the Finnish start-up PlastEco Ltd. always utilises cutting-edge industry technology to recycle plastic waste through chemical recycling. PlastEco continues working towards its vision of becoming a leading plastics recycling company in Finland and the neighbouring regions by 2030.
Unlike competitors that rely on high-capacity centralised systems, PlastEco provides localised solutions. These solutions allow for flexible scaling and require only a moderate initial investment, making them ideal for sites with medium volumes of plastic waste or limited pre-treatment capabilities.
The first enespa plant in Finland has a capacity of 5 tonnes per day. In the video, the plant is still at the production facility in Tangstedt, Germany.
The first enespa plant in Finland has a capacity of 5 tonnes per day. In the video, the plant is still at the production facility in Tangstedt, Germany.
PlastEco utilises our pyrolysis technology and works in close collaboration with local stakeholders to efficiently process plastic waste and return it to the cycle. It operates as an extensive network and prides itself on its in-depth knowledge of the local market. PlastEco cost-effectively sources feedstock from surrounding communities, thereby minimising operating costs, shortening transport routes and supporting resource-efficient logistics.
Project overview
At the heart of the project is the strategic partnership between enespa technologies ag in Appenzell, Switzerland, and PlastEco Ltd. in Lahti, Finland. enespa ag has acquired a 40% stake in the subsidiary. PlastEco has increased its capital stock accordingly. Further, enespa group has appointed two representatives to join the board of directors at PlastEco Ltd. Joachim Vogt, the COO of enespa group, and Ben Richters, the CTO, will be actively involved in PlastEco and foster close and targeted collaboration between the two companies.
- to date, 1 plastic-to-oil plant with a capacity of 5 tons/day
- PlastEco's investment in the project, including an enespa production plant: approx. EUR 2.5 million
- Approx. EUR 1.5 million turnover in 2025 (sales of pyrolysis oil)
- Starting in 2026, approx. EUR 1.7 million per P5 machine
The partnership with PlastEco provides us with access to the Finnish market. Plans for the future include the annual delivery of additional plants and thus the ongoing expansion of existing capacities along with a corresponding increase in turnover.
Project team
Kari Larjava
Tuomo Järvinen
Petri Jaakkola
Reijo Kohonen
Johan Winberg
Ben Richters
Joachim Vogt
Julian Dick
Milestones
The initial milestones were reached in Finland – thanks to the close collaboration of the international team. A local buyer for the pyrolysis oil produced in Finland was found. They plan to scale up their procurement as production expands.
July 2025
Commissioning of the pyrolysis plant
Daily capacity of 5 tonnes
March - May 2025
Assembly and testing of the pyrolysis plant
February 2025
Delivery of the plant: Tangstedt-Lahti
January 2025
Announcement of strategic partnership between enespa and PlastEco Ltd.
Contact for questions
I will be happy to provide you with more information about this project.
enespa and PlastEco launch strategic partnership
© enespa 2025
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The road to a circular economy for plastics is a long one. However, we are not travelling this path alone, but together with you. Celebrate with us when we come one step closer to our goal.
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The road to a circular economy for plastics is a long one. However, we are not travelling this path alone, but together with you. Celebrate with us when we come one step closer to our goal.
Subscribe to newsletter
The road to a circular economy for plastics is a long one. However, we are not travelling this path alone, but together with you. Celebrate with us when we come one step closer to our goal.