ADVERTISEMENT

MOL to Plow HUF 50 bln Into Reverse Vending Machine Rollout

Recycling

Image by Postmodern Studio / Shutterstock.com

Mohu, the waste management unit of Hungarian oil and gas company MOL, will invest around HUF 50 billion to install reverse vending machines for bottles and cans around the country ahead of the introduction of uniform deposit fees from January 1, the company's head of producer responsibility systems said on Tuesday, according to a report by state news wire MTI.

Szilvia Szabó said MOL would recoup that investment from the extended producer responsibility (EPR) fee within five years.

Already, 1,000 of the reverse vending machines have been installed at supermarkets larger than 400 sqm, but the number of locations is expected to rise to 4,000-5,000. Around the same number of manual return sites will be set up starting in the spring.

Although the law requires reverse vending machines for supermarkets larger than 400 sqm, Mohu recommends them for stores bigger than 200 sqm, Szabó said.

Mohu is getting the reverse vending machines from Tomra and Envipco which have set up local units to service the machines. It is also partnering with Hungary's Returmatic. 

MOL's waste management unit took over a 35-year concession to manage Hungary's municipal waste collection in the summer.

OECD Puts Hungary 2024 GDP Growth at 2.1% Analysis

OECD Puts Hungary 2024 GDP Growth at 2.1%

Gov't Acknowledges S&P Rating Government

Gov't Acknowledges S&P Rating

Clean Air in the Office Has Positive Impact on Work Efficien... Sustainability

Clean Air in the Office Has Positive Impact on Work Efficien...

CEETRA Celebrates Regional Brands in Budapest Tourism

CEETRA Celebrates Regional Brands in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.