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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IUPAC has put together the 10 most promising innovations in chemistry for a more sustainable world (symbol image). (creative commons, markmags)
Chemical Developments of the Future

The 10 Chemical Innovations with the Highest Sustainability Potential

Since the establishment of the Periodic Table of Elements (PSE) 150 years ago, not only the number of known elements has increased, but new technologies have also emerged: Chemical pesticides to protect the harvest, batteries for energy on the move and plastics in every form, color, and function. The current focus is on the sustainability aspect. But here, too, chemistry offers new solutions. The 10 most promising technologies for a more sustainable world have been selected by the chemical association IUPAC.

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The chemical recycling technology, developed by OMV, converts plastic waste into synthetic feedstock, under moderate pressure and normal refinery operating temperatures, which is then primarily used to produce again high-quality plastics. (OMV)
Austria: Circular Economy

OMV to Set Up Chemical Recycling Demo Plant

The chemical recycling demo plant will be based on OMV’s proprietary ReOil technology and will be built at the Schwechat refinery in Austria. The demo plant with a design capacity of 16,000 t/year will help to scale up the ReOil technology which helps to convert plastics into synthetic feedstock for the petrochemical industry.

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