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Ineos and Plastic Energy to collaborate on new advanced plastic recycling facility

“To take plastic waste back to virgin plastic is the ultimate definition of recycling and will create a truly circular economy solution.”

Ineos and Plastic Energy has announced a collaboration on the construction of a new plant to convert waste plastic into the raw material to make new plastic.

Production of the new facility would be targeted for the end of 2023.

Advanced recycling technology converts waste plastic back to its basic molecules. The resulting material is then used in Ineos crackers to replace traditional raw materials derived from oil.

First trials of product from Plastic Energy’s (@PlasticEnergy) current advanced recycling process have been completed.  The new raw material has been successfully converted into virgin polymer through the Ineos cracker at Köln, Germany.   The plastics made from this trial will now be used by selected customers and brands to demonstrate the benefits of the process.

Plastic Energy’s technology called Thermal Anaerobic Conversion (TAC) transforms previously unrecyclable plastic waste into Tacoil. This new recycled raw material could be used by many Ineos sites to produce virgin plastic for use across medical products, food packaging, lightweight automotive parts and pipes for safe water transportation.

Advanced recycling makes it possible to produce final product with an identical specification to virgin material. It removes all contamination so that the resulting polymers can be used in food and medical packaging, where safety standards require the highest level of product purity.

Ineos @Ineos Olefins & Polymers Europe CEO Rob Ingram said: “This represents the delivery of another important milestone in the Ineos sustainability strategy.  To take plastic waste back to virgin plastic is the ultimate definition of recycling and will create a truly circular economy solution. This will enable us to offer another opportunity for our customers to help them meet their pledges and commitments in this area.”

Plastic Energy founder and CEO Carlos Monreal said: “We will work jointly to bring this new solution on to the market and respond to the growing demand for high quality recycled content and the growing imperative to increase recycling rates and move towards a circular future for plastics.”

If you were interested in this bioeconomy story, you may also be interested in the ones below.

Read: Conventional plastic industry is using ‘Coronavirus as an excuse’ to revive old habits

Read: Ineos to produce bio-based PVC from pulp production by-product.

Read: Neste and Remondis link up to develop chemical recycling of plastic waste.

Read: Ineos Styrolution and Agilyx advance US chemical recycling facility.

Read: Braskem starts trials on chemical recycling of plastic waste.

Read: UPM to invest in new biorefinery to produce wood-based biochemicals.

Read: Dow teams up with UPM to produce bio-based plastics.

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