INEOS and PLASTIC ENERGY have today 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 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 patented 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.
