Plastic Energy, ExxonMobil plan for joint recycling project
Plastic Energy is collaborating with ExxonMobil on an advanced recycling project in France that will convert post-consumer plastic waste into raw materials for the manufacturing of virgin polymers. The project is expected to be one of the largest advanced recycling plants in Europe, with an initial capacity of 25,000 tonnes of plastic waste per year.
Plastic Energy and ExxonMobil have been developing plans since 2018. A final investment decision is expected in mid-2021 with startup anticipated in 2023. The plan demonstrates how industry, government and consumers can work together to build a more circular system to capture value from post-use plastic.
Circular Economy support
Plastic Energy will build, own and operate an advanced recycling plant adjacent to ExxonMobil’s Notre Dame de Gravenchon petrochemical complex in France. The plant will convert difficult-to-recycle mixed plastic waste into raw materials that can be transformed into certified circular polymers and other high-value products at ExxonMobil’s petrochemical complex. The construction of this new advanced recycling plant will support the circular economy in Europe and will add to Plastic Energy’s growing portfolio of recycling units.
The announcement follows other recent announcements of plastics recycling plans by Enespa/Biofabrik in Switzerland and Cumapol/CuRe technology in the Netherlands.
