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New Life Plastics Ltd (NLP) is Hong Kong's largest facility dedicated to food-grade ready plastic recycling. The company specializes in processing post-consumer PET beverage bottles and HDPE personal care bottles into recycled raw materials for remanufacturing. NLP operates as a joint venture between ALBA Group Asia Ltd., Baguio Waste Management & Recycling Ltd., and Swire Coca-Cola Ltd. The facility, located in EcoPark, Tuen Mun, began operations in early 2023.