France: Chemical Plastic Recycling Advanced Recycling Project: Plastic Energy Collaborates with Exxon Mobil
Chemical recycling company Plastic Energy is collaborating with Exxon Mobil on an advanced recycling project in France that will convert post-consumer plastic waste into raw materials for the manufacturing of virgin-quality polymers.
Le Havre/France — Based on current plans, a joint project of Plastic Energy and Exxon Mobil 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, and plans to scale up to 33,000 tonnes in the near future. Plastic Energy’s aim is to continue to build recycling infrastructure in France, and globally, to increase recyclability of plastics.
The company is specializing in recycling end-of-life plastics that would otherwise be destined for landfill, incineration or end up in the environment. Their patented technology transforms plastic waste into raw materials that can be used to create virgin-quality polymers.
Plastic Energy and Exxon Mobil have been developing plans since 2018. A final investment decision is expected in mid-2021 with startup anticipated in 2023. Under terms of the agreements with affiliates of Exxon Mobil, Plastic Energy will build, own and operate an advanced recycling plant adjacent to Exxon Mobil’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 Exxon Mobil’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. This project has received financial support from the French government as part of their Plan de Relance and Regional Planning Grant Scheme.