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Plastic2Plastic™ Recycling to Build a Global Circular Economy

09 Jun 2022
Closing the Loop on Plastic Waste
As production of plastics increase to more than 1 million tonnes per day, we face a growing plastic challenge that must be managed. Today, less than 14% of plastics that we use are recycled, and more than 8 million tonnes of plastics are leaking into our oceans and our environment each year. Although there has been an increase in global momentum to tackle this plastic waste issue, urgent efforts are required to provide a solution that will decrease plastic pollution and make plastics more sustainable. Plastic Energy provides a solution to this problem and is paving the way as one of the world leaders in chemical recycling end-of-life plastics. Plastic Energy uses its patented thermal anaerobic conversion (TAC) technology to transform plastic waste that is difficult or unable to be mechanically recycled. Recycled oils from its process (called TACOIL) are used as a replacement for fossil oils, in the production of virgin-quality food-grade plastics, contributing to the circular economy. With two industrial recycling plants currently in operation in Spain, Plastic Energy has been developing its Plastic2Plastic™ technology and the chemical recycling (also called advanced recycling) industry for the past 10 years. In the last few years Plastic Energy has announced multiple partnerships with key players in Europe Southeast Asia and the US, and is currently building two plants in France, one in the Netherlands and has recently announced a new plant to be built in Texas. With Plastic Energy’s value-chain partners, the company has moved beyond the proof-of-concept stage to the commercialisation of food-grade packaging made from their TACOIL. It has been incorporated into products in Europe such as Magnum ice cream tubs, Tupperware reusable straws and Vinventions wine closures. Chemical recycling has been the missing link to recycling an increased number of plastics, such as flexibles and multi-layer films, that would otherwise end up in landfills or incinerators. Plastic Energy is working towards a circular economy for plastics and a more sustainable future for us all.
Speakers
Carlos Monreal, CEO - Plastic Energy