Plastrec

What Plastrec does

Plastrec inc. is a privately held Canadian manufacturer of food grade recycled PET (rPET) resin, founded in 1992 and headquartered in Joliette, Quebec. The company operates an 11-step decontamination process that combines optical sorting (infrared, X-ray, metal detection, high-speed color cameras), mechanical separation, multi-stage washing with centrifugal contaminant removal, vacuum extrusion, and Solid State Polycondensation (SSP) to convert post-consumer PET containers into resin suitable for food-contact applications at up to 100% recycled content. With capacity recognized as the largest in Canada (per Recyc-Québec, 2016) and a top-5 position in North America, Plastrec processes more than 100 million pounds of PET annually — equivalent to nearly two billion bottles — sourced from municipal collection programs in Quebec, Ontario, and the United States.

The product portfolio spans crystallized rPET pellets (clear and green), amorphous rPET, washed PET flake (clear and mixed color), hot-rinsed bottle cap regrind, and recycled aluminum, with intrinsic viscosity (IV) configurable across a 0.68–1.10 range to serve bottle, sheet, strapping, fiber, and bulk continuous filament (BCF) manufacturers. Plastrec generates revenue through direct B2B sales of resin and flake to manufacturing customers on a custom-quoted, truckload-shipped basis from its single Joliette facility. The company holds FDA approval for food-contact rPET — a credential achieved first in Quebec through its 2011 technology integration — and sells primarily to PET converters under sales-led, relationship-driven commercial motion.

The business is operated by a small management team (President/GM Louis Robitaille, Sales & Procurement Manager Jennifer Dubé, Director of HR Sarah Archambault, Director of Finance Luis Godin) supporting a 51–100 employee organization. No parent company, institutional investors, funding rounds, M&A activity, or public listing are disclosed, and Plastrec appears to be an independently held, founder/management-controlled private company. Revenue, financial performance, and detailed customer composition are not publicly disclosed.

Name

Plastrec

Legal name

Plastrec inc.

Website

https://plastrec.ca

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Plastrec inc. is a private Canadian manufacturer, founded in 1992 in Joliette, Quebec, that produces FDA-approved food grade recycled PET resin from post-consumer containers for B2B customers in bottle, sheet, fiber, strapping, and BCF applications across North America.

Ownership category

akta.pro rank

Product category

Recycled PET Resin Manufacturing

NAICS

Plastics Material and Resin Manufacturing (325211)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH)

akta.pro secondary industry

Reprocessed Resin & Recycled Polymer Compounding (PCR/PIR Compounds) (IMANAMAG)

Keywords

• Recycled PET resin
• Food grade plastics
• Post-consumer recycling
• PET bottle processing
• Plastic resin manufacturing

Headquarters

HQ city

Joliette

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Food Grade Recycled PET Resin Sales: Plastrec generates revenue by processing post-consumer PET containers and selling food grade recycled PET resin to manufacturers. The resin is sold in crystallized and amorphous forms in various colors and IV (intrinsic viscosity) specifications. Customers include manufacturers of bottles, sheet, strapping, fiber, and BCF applications.
2. Washed PET Flake Sales: Secondary revenue stream from selling washed PET flake, which serves as an alternative to crystallized resin for certain manufacturing applications.
3. Bottle Cap Regrind Sales: Revenue from processing and selling bottle cap regrind from post-consumer PET containers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Plastrec manufactures food grade recycled PET resin from post-consumer PET containers collected through municipal recycling programs in Quebec, Ontario, and the United States. The resin is sold to industrial manufacturers for use in bottle, sheet, fiber, strapping, and BCF applications at up to 100% recycled content, providing an alternative to virgin PET resin. Supporting products include washed PET flake (clear and mixed color), bottle cap regrind, and recycled aluminum.

Product overview

Plastrec is a manufacturer of food-grade recycled PET resin and related materials from post-consumer containers. The company's product portfolio centers on two main categories: crystallized and amorphous recycled PET resin pellets (Clear Crystallized recycled PET pellets, Green crystallized recycled PET pellets, Clear amorphous recycled PET) and washed PET flake products (Washed mixed color PET flake, Washed clear PET flake). Supporting products include Bottle cap regrind and Aluminum. These products are used in PET applications including sheet, fiber, strapping, BCF, and bottles up to 100% recycled content, serving as an alternative to virgin PET resin.

Differentiator

Problem solved

Functional benefit

Products and services

• Clear Crystallized Recycled PET Pellets Food-grade crystallized PET resin pellets made from 100% post-consumer sources, featuring fine filtration and an intrinsic viscosity (IV) range from 0.68 to 1.10, for use in food and beverage bottles, sheet, fiber, strapping, and BCF applications at up to 100% recycled content.
• Green Crystallized Recycled PET Pellets Food-grade green-colored crystallized PET resin pellets made from 100% post-consumer sources, available across an IV range of 0.68 to 1.10 for various PET applications.
• Clear Amorphous Recycled PET Amorphous PET resin with fine filtration, made from 100% post-consumer sources, offered as an alternative to washed flakes for PET manufacturing applications.
• Washed Mixed Color PET Flake 100% post-consumer washed PET flake in mixed color, with low PVC content, processed to personalized customer specifications.
• Washed Clear PET Flake 100% post-consumer clear PET flake, washed and processed for various PET manufacturing applications.
• Bottle Cap Regrind Hot-rinsed bottle caps sourced from post-consumer PET containers, processed into regrind material for recycling applications.
• Recycled Aluminum 100% post-consumer recycled aluminum cans recovered as part of Plastrec's broader recycling operations.

Quantifiable outcome

• 100 million+ pounds processed annually, equivalent to nearly 2 billion PET bottles per year
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Quebec Municipal Collection ProgramscoreOthersPlastrec sources post-consumer PET containers from various municipal collection programs throughout Quebec, Ontario, and the United States. These partnerships are essential to the company's raw material supply chain, providing the billions of PET bottles needed for processing into recycled resin.
• Ontario Municipal Collection ProgramscoreOthersMunicipal recycling programs in Ontario supply post-consumer PET containers to Plastrec, complementing Quebec sources and expanding the raw material supply network across eastern Canada.
• US Municipal Collection ProgramscoreOthersMunicipal collection programs from the United States supply post-consumer PET containers, extending Plastrec's raw material sourcing to cross-border regions to ensure adequate supply volumes.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Indorama Ventures: World's largest PET producer with vertically integrated food-grade rPET (PETvalue) operations across North America, Europe, and Asia. Directly competes with Plastrec in FDA-approved rPET resin for bottle and sheet applications.
• Phoenix Technologies (formerly CarbonLite): US-based producer of food-grade rPET resin from post-consumer bottles, serving beverage and thermoforming customers in North America. Closest North American competitor on FDA-approved, 100% recycled-content PET.
• Evergreen Plastics: Food-grade PET reprocessor producing rPET resin and flake for the beverage, food, and consumer goods industries. Competes with Plastrec on crystallized FDA-grade rPET pellets sold to North American converters.
• Verdeco (formerly PET FLAKE): North American producer of washed PET flake and food-grade rPET resin from post-consumer bottles. Directly comparable feedstock, customer profile, and product mix to Plastrec's washed flake and crystallized resin offerings.
• UltrePET: US producer of food-grade rPET resin and flake for the thermoform and packaging markets. A direct niche competitor targeting many of the same sheet, strapping, and bottle converters that Plastrec serves.
• KW Plastics: Largest US recycler of post-consumer HDPE and PET, producing washed flake and resin with food-grade capability. Comparable PCR recycling footprint and similar end-market diversification into bottles and packaging.
• MBA Polymers: Global recycler producing PCR resins (PET, HDPE, PP) from complex waste streams. Comparable technology platform in post-consumer plastics recovery and compounding, with overlapping customer base in packaging and durable goods.
• Bantam Group (Envision Plastics): Specialty PCR plastics manufacturer producing food-grade HDPE and rPET resin and flake. Direct overlap on FDA-approved recycled resin and similar B2B sales motion to converters and brand owners.

Broad incumbents

• ALPLA Group: Global packaging manufacturer with growing food-grade rPET (ECO rPET) resin production, most recently via its ALPLA North America / Bora/Eccles acquisition. Overlaps Plastrec on recycled resin supply into bottlers while competing more broadly in preforms and packaging.

Regional players

• Morssinkhof Plastics: European producer of recycled PET (rPET) resin and flake, including food-contact grades. Comparable product mix and end-use applications (bottles, sheet, strapping) to Plastrec, but primarily serves EU/UK markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Plastrec