Sabic signs MoU with Plastic Energy supply recycled feedstock

Sabic signs MoU with Plastic Energy for supply of recycled feedstock

11:51 AM, 5th December 2018
Sabic signs MoU with Plastic Energy for supply of recycled feedstock

SITTARD, THE NETHERLANDS: Sabic has signed a memorandum of understanding (MoU) with UK-based Plastic Energy Ltd, for the supply of feedstock. This deal support Sabic’s petrochemical operations in Europe.

Both companies intend to build a first commercial plant in Netherlands to refine and upgrade a valuable feedstock, known as Tacoil.

Tacoil is 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. 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,” said Frank Kuijpers, general manager for corporate sustainability, Sabic.

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

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