Financial boost for Re-Match extension in France

All in all, Re-Match invests around 10 million euros in its new recycling facility in Alsace, the North-Eastern part of France. The investment will create approximately 40 new full-time jobs.

This initiative and the fact that Re-Match’s artificial turf recycling concept will help to address a significant environmental problem is now recognised by the Grand Est region in the form of a grant of almost 2.0 million euros and by ADEME (Agency for the Environment and Energy Management) with a grant of 0.3 million euros.

Re-Match receives this grant on top of the 4.5 million euros that the Dutch authorities recently gave to the construction of the company’s new factory in Tiel, the Netherlands.

Once operational, the French plant will be able to process more than 60,000 tonnes of waste and save the environment up to 100,000 tonnes of CO₂ each year – compared to the current practice of burning artificial turf.

“Re-Match has been very well received in Alsace and we have had a constructive dialogue not only with the Grand Est region, but also with ADEME and the Association of Municipalities in the Erstein District,” says CEO of Re-Match France, Eric Levresse.

“With the establishment of Re-Match in France, we will be able to offer sustainable recycling to the French market as well as Germany, Switzerland, Austria, Luxembourg and Northern Italy – and I am pleased that we continue to see overwhelming local support everywhere we plan to build. This further encourages us in pursuit of our goal of establishing 24 Re-Match factories worldwide,” adds CEO of Re-Match, Nikolaj Magne Larsen.

The grants received for the factory construction in France and also recently in the Netherlands are positively surprising for Re-Match and the company’s many new investors, as it was not expected in the budget laid in connection with the company’s recent IPO.