There is a huge potential for chemical recycling solutions across the globe and hence, companies are racing towards developing these technologies/solutions to ensure a circular economy.  (©Meaw_stocker - stock.adobe.com)
Circular Economy for Plastics

5 Chemical Recycling Solutions of 2021

The global plastic recycling market stood at 162.5 million tons in 2020 and is forecast to reach 263.08 million tons by 2030, growing at a healthy CAGR of 4.49 % until 2030, according to a report by Research and Markets. Chemical recycling is definitely one of the most popular processes in recent times which will aid the plastic recycling industry to transform into a greener and more sustainable circular economy. In this background, PROCESS Worldwide shares with you the top 5 chemical recycling solutions which have been in the news this year.

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The sodium-ion battery technology will secure India’s energy storage requirements for its large renewable energy and fast-growing EV charging market. (Zaiets Roman/Adobe Stock)
India: Next Generation Solution

Reliance to Acquire Sodium-ion Battery Technology Provider Faradion for 135 Million Dollars

The sodium-ion battery technology is claimed to be safe, sustainable, provides high energy density, is a low-cost energy storage technology solution and is significantly cost competitive as compared to other battery technologies. Reliance will make use of the technology at its fully integrated energy storage giga-factory which is a part of the Dhirubhai Ambani Green Energy Giga Complex project at Jamnagar, India. The acquisition will also assist India to become one of the leading countries in battery technologies.

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