iDRATE is a leading PET plastic recycling company in Nigeria. Founded in 2019, its main products are PET flakes, including clear, green and blue flakes, which can be used as raw material for fibres and new food and beverage packaging. It processes more than 10 million bottles per month, collected in Nigeria, and supplies recycled PET to customers in Europe, Asia and America.
Under the GSP, Nigeria benefits from zero-duty access for recycled PET flakes to the EU market; the standard tariff is 6.5%. In a highly price-sensitive market where international freight, collection, processing and logistics already represent substantial costs, the zero-duty preference has a significant impact for the competitiveness of Nigerian recycled materials in the EU market.
iDRATE started exporting recycled PET materials to the EU in 2022. Since then, the EU has become an important strategic market for the company Using the GSP, the company’s strategy is to build long-term relationships with EU buyers and progressively scale their export volumes.
The company notes: “We see preferential access to the EU market under the GSP as an important opportunity for Nigeria’s recycling industry. It creates a direct link between our country’s waste-management challenges and international demand for recycled raw materials, while also supporting local jobs and investment in recycling infrastructure.”
Overall, the EU’s imports of PET flakes and similar materials from Nigeria have rapidly increased from almost zero around 2020 to €4.3 million in 2025.