Sabic, a global leader in diversified chemicals, has joined hands with Plastic Energy, a pioneer in chemical plastics recycling, to start the construction phase for the unit, which will be based in Geleen, the Netherlands. It is expected to become operational in the second half of 2022.
The project will be realized under a 50-50 joint venture called Spear (Sabic Plastic Energy Advanced Recycling BV) and is being executed with a Top Sector Energy Subsidy from the Ministry of Economic Affairs in the Netherlands.
As part of the project’s market foundation stage, Sabic has worked together with Plastic Energy and leading customers and converters to produce and commercialise certified circular polymers since early 2019.
According to Sabic, the new unit will enable the firm to significantly upscale the production of certified circular polymers to provide customers with greater access to sustainable materials which have been recycled, repurposed and produced in a way that can help protect our planet’s natural resources, whilst acting as a drop-in solution.
"Advancements in this pioneering project take us one step closer to driving the change needed to become a circular global industry," remarked Fahad Al Swailem, Vice President, PE & Sales at Sabic.
"We have overcome significant external, global challenges to reach this important milestone and remain fully committed to closing the loop on used plastic. We are continuing to collaborate on an unprecedented level with our partners upstream and downstream to achieve this," he added.
Plastic Energy Founder and CEO Carlos Monreal said: "It has been an exciting journey in making our vision of building advanced recycling plants come to life, and we are delighted to announce the construction of this new facility with Sabic."
"We have worked jointly with Sabic towards our common goal of making plastics more sustainable and moving towards a more circular economy for plastics," he noted.
Sabic’s certified circular polymers are produced using Plastic Energy’s advanced recycling technology to convert low quality, mixed, and used plastic, otherwise destined for incineration or landfill, into Tacoil, he stated.
The Tacoil produced in the new commercial unit will be used by Sabic in their production process as an alternative to traditional fossil materials to create new circular polymers, he added.-TradeArabia News Service