MOSCOW (MRC) -- The newly formed partnership, Circular Industrial Plastics, which consists of large Danish companies, commits to increase recycling of industrial plastics by at least 20% before 2025, said Hydrocarbonprocessing.
Circular Industrial Plastics has a budget of USD5.6 MM, of which USD2.4 MM were granted by the Danish Eco-Innovation Program under the Danish Environmental Protection Agency. The ambition is to make knowledge and technology within circular plastic available for Danish companies.
Today, many industrial products made of plastic are burnt or deposited after use because they either are not designed for recycling or because the available recycling technologies cannot handle the products. Several of the largest Danish companies prefer a change, and they would like recycling to increase by at least 20% before 2025.
Besides Topsoe, the project partners comprise Coloplast, Novo Nordisk, Danfoss, BASF, Grundfos and COOP. Danish Technological Institute has united the companies in a project called Circular Industrial Plastics.
“By joining forces, we expect to significantly increase knowledge and improve technologies for recycling of plastics. This project will address the issue of plastic waste that our society is struggling with by speeding up the transition to circular economy,” said Kim Gron Knudsen, Chief Strategy and Innovation Officer at Topsoe.
As per MRC, Topsoe’s technologies are set to reduce its customers’ greenhouse gas emissions by 12 MMt in 2022 alone. These reductions will not be one-offs but ongoing for the years to come. The key driver is Topsoe’s renewable fuels solutions, producing low-carbon fuels from waste and biomass.