Preem's refinery in Lysekil, Sweden has begun to process 50,000 tons of pyrolysis oil which will be used as feedstock to produce renewable petrol. The company aims to produce approximately 5 million cubic meters of renewable fuels by 2030.

Under a long-term agreement signed between Braven and Chevron Phillips Chemical (CPChem), Braven will supply its pyrolysis-derived feedstock Braven Pychem to the chemical major. The move will establish a circular economy for the manufacturing of new plastics.

Mitsubishi Chemical has signed a license agreement with Mura Technology for a chemical recycling process called HydroPRS. The process is used for manufacturing raw materials from plastic wastes for chemical products.

Coperion is supplying an extrusion system to Ghent University in Belgium for comprehensive research and development tasks in chemical recycling of mixed plastic waste. The company designed this laboratory system, built upon a ZSK 18 Megalab twin screw extruder, especially for chemical recycling of post-consumer waste within a throughput range of 1-10 kg per hour.

BASF and Mitsui Chemicals have launched a collaborative study to promote a circular economy for plastics in Japan. Mitsui Chemicals has plans to become carbon-neutral by 2050 and thus, aims at developing recycling technologies.

Orlen Unipetrol has recently commissioned a pyrolytic testing unit for processing waste-plastics at its chemical plant in Litvínov, Czech Republic. With this move, the company intends to expand the conventional fuel and plastic production from fossil fuels with new sources that will lead to the decarbonization of the country.

By 2050, BASF wants to be climate-neutral. Based on recent progress in the development of CO2-reduced and CO2-free technologies, the company is simultaneously increasing its medium-term reduction target for greenhouse gas emissions by 2030.

BASF produces two types of styrene with a mass balance approach – renewable feedstock based-styrene and styrene based on chemically recycled feedstock. Trinseo has secured the first supplies of styrene based on the two different kinds of circular feedstock and will use it to produce styrene butadiene rubber and polystyrene products.

Under Evonik’s global circular plastics program, the company has plans to generate additional sales of at least 414 million dollars by 2030 with its circular plastics solutions. To encourage a circular economy, the company wants to offer its customers solutions for all stages in the polymer value chain.

With the new production plant, Orlen Unipetrol has plans to launch dicyclopentadiene, a new product which can be used across the automotive, construction, electrical engineering, health care and the pharmaceutical industry.