Sabic, UK firm to build chemical recycling plant

Comments Email
Photo by Plastic Energy Ltd The process ,called thermal anaerobic conversion (TAC), converts plastic waste into Tacoil for making new virgin food-safe plastics.

Saudi chemicals company Sabic has signed a memorandum of understanding (MoU) with UK-based Plastic Energy Ltd, a chemical plastics recycler, for the supply of feedstock to Sabic’s petrochemical operations in Europe.

Based in London, Plastic Energy has developed a patented, low carbon footprint technology called thermal anaerobic conversion (TAC), which converts plastic waste into Tacoil for making new virgin food-safe plastics.

The company owns and operates two plastic recycling plants in Seville and Almeria, Spain, which have been operational since 2014 and 2017.

The 4-Dec agreement with Sabic will involve building a first commercial plant in the Netherlands to refine and upgrade Tacoil.

Sabic said the plant, which is anticipated to enter commercial production in 2021, is a significant milestone for 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.

Newsletters

Select from the list below to subscribe to customized Plastics News Europe e-mail news alerts. Check the options you wish to receive.