Eren Holding, a Turkish conglomerate, has officially launched the Shotton Mill project, a £1bn ($1.33bn) investment in paper production campus.  

The Shotton Mill facility, upon completion, will enable the UK to shift from being a net importer to a net exporter of containerboard.  

It will process a quarter of the UK's waste cardboard that is currently recycled overseas.  

This aligns with the company's sustainability goals, as the plant will be energy self-sufficient, featuring a hydrogen-enabled combined heat and power plant. 

The project has secured a £136m Export Development Guarantee from UK Export Finance and almost £13m in funding from the Welsh Government.  

These funds will support job retention and the production of containerboard using recycled materials from within the UK. 

Eren Holding board member Hamdullah Eren said: "This is the first step towards building a world-class facility that will completely transform recycling levels in the UK. We cannot wait to start production and to turn our vision into reality. We are extremely pleased to have the support of both the UK and Welsh Governments." 

The project was launched in the presence of officials from the UK government and the Welsh Government. 

UK Business and Trade Secretary of State Jonathan Reynolds said: "This is a massive vote of confidence in the Welsh economy and this government's plans to make Britain the destination of choice for investments in the industries of tomorrow. This transformative investment will not only support local skilled jobs but raise living standards in the community."