GreenPak Coop reports best year of operation

32% on fees paid in 2016 being refunded

GreenPak Coop, the largest waste recovery system in Malta, announced that 2016 was its best year yet. This success follows increases in its membership base as well as increases in the tonnage of packaging waste collected and recycled.

2016 also marked the first full year of GreenPak operation in the Waste Electrical & Electronic Equipment scheme. In the last quarter of 2016 GreenPak also launched Batree, its battery waste collection and recycling scheme. All this activity together with efficient operations lead to GreenPak declaring the highest surplus to date.

During the Annual General Meeting held at Kooperattivi Malta in Qormi, GreenPak’s president Victor Galea said that its members had declared: “20,381, tons of packaging waste placed on the market of which more than 13,200 tons were recycled.” The amount exceeded the minimum national target set at 55%.

Mr Galea said that GreenPak should be proud of this achievement and added that in its first year of operating the WEEE scheme GreenPak had collected 568 tons of the 3,990 tons of electronic waste declared by its members. “The GreenPak Cooperative model is working well and GreenPak members should be proud to form part of this cooperative.”

“The 2016 operations have yielded the highest surplus of funds generated to-date. The surplus equating to 32% of fees paid will be distributed to the co-operative shareholders as patronage refunds,” Mr Galea added. The financial results of GreenPak were audited by PriceWaterhouseCoopers.

CEO Ing. Mario Schembri said: “GreenPak strengthened its leadership in waste recovery as the cooperative continued to develop three areas of activities, namely packaging waste, WEEE and the Batree schemes.” Mr Schembri announced that over the next two years GreenPak’s bring-in sites’ infrastructure will be upgraded while by the end of this year more than 500 battery recycling points will be available across Malta and Gozo.

Ing. Schembri added that GreenPak is committed at improving its existing collection systems and as an example he cited the fact that within a short time of launching the Batree scheme 200 collection bins in schools, shops, supermarkets and local councils were available to the general public to dispose of their used batteries. By the end of this year GreenPak’s target is to have 500 battery collection points available across Malta and Gozo.

“Looking ahead, GreenPak is conscious of Malta’s Waste Management Road Map and the ongoing changes in EU waste regulations. The landscape around us keeps changing yet we are confident and determined to provide Maltese companies with the best solution to fulfil their extended producer re- sponsibility,” Schembri.

GreenPak’s elected new Committee Board is composed of Victor Galea, executive director of VJ Salomone Marketing; Denis Zammit Cutajar, CEO of P. Cutajar & Co.; Edward von Brockdorff, director of Von Brockdorff Imports; Pierre Fava, concluded Ing. CEO of Kemimport; Brian Galea, general manager at GSD Marketing; Lionel M. Cassola, company secretary of G.A. Enterprises; Norman Aquilina, Group chief executive at Farsons and Peter Martin, director at Attard & Co. Food. During the AGM, PwC were re-appointed as auditors.

GreenPak’s CEO Ing. Mario Schembri giving an overview of 2016 and plans for 2017

GreenPak’s new Committee Board: Mr Edward von Brockdorff, Mr Norman Aquilina, Ing. Mario Schembri, Mr Victor Galea, Mr Denis Zammit Cutajar, Mr Peter Martin, Mr Lionel M. Cassola and Mr Brian Galea

GreenPak’s gradual increase in Packaging Waste recycling year after year

GreenPak’s president Mr Victor Galea addressing the shareholders