SABIC, Plastic Energy sign MoU to implement project for chemical recycling of challenging plastic waste into feedstock

SABIC has announced that it has signed a memorandum of understanding (MoU) with UK-based Plastic Energy, a pioneer in chemical plastics recycling, for the supply of feedstock to support SABIC’s petrochemical operations in Europe.

SABIC is the first petrochemical company to implement an investment project for the chemical recycling of challenging mixed plastic waste back to the original polymer.
SABIC is the first petrochemical company to implement an investment project for the chemical recycling of challenging mixed plastic waste back to the original polymer.

SABIC and Plastic Energy intend to build a first commercial plant in the Netherlands to refine and upgrade a valuable feedstock, known as TACOIL, a patented Plastic Energy product, which will be produced from the recycling of low quality, mixed plastic waste otherwise destined for incineration, or landfill.

The plant, which is anticipated to enter commercial production in 2021, is a significant milestone for SABIC towards the company’s commitment to establishing a circular economy and, more broadly, its sustainability goals.

“Sustainability is a core value at SABIC and the circular economy is a cornerstone of our strategy as evidenced by this unique agreement,” said Frank Kuijpers, general manager for corporate sustainability, SABIC.

SABIC is proud to be the first petrochemical company to implement a project for the chemical recycling of challenging plastic waste into feedstock for steam crackers. This exciting project is testament to our commitment to scale up advanced chemical recycling processes of plastics back to the original polymer.”

“We are delighted to be working with SABIC on this exciting project to support their petrochemical operations in Europe,” said Carlos Monreal, founder and CEO of Plastic Energy.

“We have already two industrial plants in Spain operating 24/7 and a technology team with more than 10 years of experience developing this patented technology. Our advanced expertise will promote this new opportunity to turn plastic back into plastic as part of the circular economy.

Plastic Energy has successfully commercialised a patented thermochemical conversion technology to convert a wide range of end-of-life, dirty and contaminated plastics, hardly recyclable for conventional processes, into usable feedstock.

Plastics are melted in an oxygen-free environment and then broken down into synthetic oils at which point the oils need to be refined and upgraded as feedstock for traditional petrochemical uses.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

World Plastics Council welcomes United Nations Environment Assembly resolution on marine litter
The World Plastics Council is a global forum for leading resin producing companies to accelerate cooperation and to deliver improved outcomes for the benefit of society
Editor’s Comment: Digital transformation as a key enabler
One of the stimulating outcomes of digitalisation for the chemical plants of the future is that it easily connects expertise across company boundaries during the project planning and execution phases
Infrastructure development trends and digital-based supply chain integration
Digitalisation is and will continue to be a key element for the growth and development of the refining and petrochemicals industry, and for other sectors also, comment Ekaterina Kalinenko and Konstantin Stezhko
From waste to value: The GCC chemical industry’s contribution to the circular economy
Unlike the take-make-use-dispose approach, the circular economy is designed to maximise the value and utility of materials over their lifecycle and keep them inside the value chain for as long as possible, comments Dr Abdulwahab Al-Sadoun

MOST POPULAR