MOSCOW (MRC) -- INEOS and Plastic Energy have agreed to collaborate in constructing a new plant to convert waste plastic into raw material to make new plastic, reported Kemicalinfo.
The new facility would be operational by the end of 2023.
Plastic Energy’s proprietary Thermal Anaerobic Conversion (TAC) technology turns previously unrecyclable plastic waste into TACOIL. The resulting material is then used for replacement of conventional oil-derived raw materials in INEOS crackers to produce virgin plastic for use across medical products, food packaging, lightweight automotive parts and pipes for safe water transportation.
First product results from the new advanced recycling process at Plastic Energy have been completed. At the INEOS cracker at Koln, Germany, the new raw material was successfully converted into virgin polymer. Selected consumers and brands will now use the plastics made from this trial to highlight the benefits of the process.
Advanced recycling allows the finished product to be manufactured with an equivalent specification to virgin material. It eliminates all contamination so that the resulting polymers can be used in food and medical packaging where highest degree of product purity is required for safety standards.
Rob Ingram CEO INEOS Olefins & Polymers Europe said, “This represents the delivery of another important milestone in the INEOS sustainability strategy. To take plastic waste back to virgin plastic is the ultimate definition of recycling and will create a truly Circular Economy solution. This will enable us to offer another opportunity for our customers to help them meet their pledges and commitments in this area.’
Carlos Monreal Founder and CEO of Plastic Energy said, “We will work jointly to bring this new solution on to the market and respond to the growing demand for high quality recycled content and the growing imperative to increase recycling rates and move towards a circular future for plastics.”
As MRC informed previously, earlier this month, INEOS, one of the world’s largest manufacturing companies, announced that it is to build a fourth hand sanitiser plant. The plant to be built in Etian will be located to serve the hard hit hospitals in Paris and North Eastern France as well as meet the needs of Belgium. The company has also announced that it has met its ten-day target to build a hand sanitiser plant in Lavera France and has today started production of 1 million hand sanitisers a month.
We remind that in January 2019, INEOS announced Antwerp as the location for its new petrochemical investment. The EUR3 billion investment will be the biggest ever made by INEOS and is first cracker to be built in Europe in 20 years. The investment is a game changer for the chemical sectors and will bring huge benefits to the Belgium and wider European economies.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 215,390 tonnes in the first month of 2020, up by 23% year on year. Shipments of all grades of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) increased due to higher capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 127,240 tonnes in January 2020, up by 33% year on year. ZapSibNeftekhim's homopolymer PP accounted for the main increase in shipments.
INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products employing 22,000 people. It has 34 businesses, with a production network spanning 183 manufacturing facilities in 26 countries.