FEPRA will invest 15 million euro by 2030 to develop the circular economy in Romania

FEPRA strengthens its role as a catalyst for the circular economy in Romania and plans a 15 million euro investment by 2030 to achieve environmental impact mitigation for a more sustainable future. As a result, FEPRA aims to increase plastic packaging waste recycling volumes by over 20,000 tons per year and establish a national network of partners and 50 multi-material waste collection centers to collect monthly more than 450 tons of plastic, thus offsetting about 360 tons of CO2 per month.

Initiatives for the development of the circular economy planned by FEPRA, one of Romania’s leading companies in the sector of recycling and recovery of packaging waste, are part of its broad sustainable development strategy for the next seven years created in partnership with the European Bank for Reconstruction and Development (EBRD).

The company has undergone a comprehensive strategic planning process over the past two years, starting with an analysis of the current market landscape and legal framework and looking at global future trends. FEPRA’s objectives are to further expand the range of services and products offered to current and future clients, broaden its areas of expertise and develop new waste collection, recycling, as well as reuse capabilities. The 15 million euro investment funded from public and private sources will contribute significantly to a more sustainable approach to waste management, making a difference in the European circular economy.

“Through everything we do at FEPRA, we strive to create a sustainable future and keep in mind that progress and consumption are interconnected. Our objective to be a catalyst for the circular economy is a natural step moving forward and we are confident it will help amplify our clients’ sustainability initiatives through efficient waste collection, recycling and reuse solutions. With the support of EBRD, we have succeeded in designing a solid strategic plan and a new governance system to increase our internal capabilities and processes in the following years, under the leadership of our new management team”, says Ionut Georgescu, FEPRA founder.

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During the past two years, as part of the organization transformation process which was supported by the European Bank for Reconstruction and Development (EBRD) and EU Horizon 2020, FEPRA has evolved from an entrepreneurial management to a high-performance international level management gathering a team of professionals with multi-disciplinary expertise, as well as local and international experience. Alongside efficient waste management processes, business and operational digitalization is also an important pillar of the circular economy, which will be the basis for waste prevention and transparency. Therefore, all FEPRA activities and services are highly digitalized and available to clients through Fepra Waste Division (FWD), whose leadership has been taken over by Ana Maria Gergely as CEO from January 2023.

Moreover, Ana Maria Gergely joined FEPRA in 2021 as COO, following an extensive career path in local and international leadership positions in multinational technology, telecommunications, and manufacturing companies. Over the past 20 years, she has led and mentored vast teams to achieve growth and profitability while navigating change, recessions, and restructuring. Ana Maria is also active in the start-up world, where technology meets creativity, innovation, and entrepreneurship.