Freepoint Eco-Systems aims to construct an ISCC-Plus Certified advanced recycling facility. The state-of-the-art facility will recycle end-of-life waste plastic, diverting it from incineration. Spanning 10 hectares (24.7 acres) of currently undeveloped land, it will have the capacity to recycle approximately 80,000 metric tons of waste plastic annually.
The project is designed for future expansion, with a plot capable of supporting an anticipated total recycling capacity of approximately 160,000 metric tons of waste plastic per year. Freepoint Eco-Systems is currently engaged in feedstock sourcing and financial planning, with construction slated to commence upon completion of the permitting process, which is expected in 2025.
"The announcement of our inaugural European location signifies the next phase in our global strategy," said Oscar Gutierrez, President of Freepoint Eco-Systems International. "We look forward to supporting the European waste management industry, offering solutions for hard-to-recycle plastic streams. Our plans underscore our commitment to helping the petrochemical industry achieve its goal of developing the circular economy and meeting low-carbon feedstock objectives."
Freepoint Eco-Systems specializes in developing and operating advanced recycling facilities for plastics globally. The Ghent location is the first of several European projects currently in development.
"The strategic location of North Sea Port aligns perfectly with our business model of building circular economy infrastructure at scale with access to superior logistics, enabling us to better serve our global customers," said Gutierrez. "We want to thank North Sea Port and Flanders Investment and Trade for believing in our mission and for providing the support necessary to launch this project. Our team looks forward to shaping a more sustainable future together."
