Synpet Technologies wants to build a plastic waste recycling plant in Genk, it announced in a press release. The unit is expected to be operational in 2024 and employ around 70 people, said Chemicalrecycling.
Synpet has been working on its plastic waste recycling process since 2014. All waste containing carbon is targeted, including dirty non-recyclable plastics.
Concretely, the plastic is transformed into synthetic naphtha (normally a derivative of petroleum), which can be used to produce new plastic materials. Additionally, the process also produces natural gas, biochar, and liquid organic fertilizer.
In 2016, Synpet set up a small pilot plant in Istanbul. The company now wants to build a commercial factory in Belgium.
The plant will be located in Genk and will have the capacity to process some 180,000 tonnes of plastic per year. This is an investment of 90 million euros, the financing of which is almost complete. Depending on permit applications and construction work, the plant is expected to be operational by the end of 2024.
In addition, Synpet is already considering a second factory in Belgium. Finally, Synpet also plans to eventually transfer its research and development site from Turkey to Belgium. This would create additional jobs in Genk.
We remind, Indaver has started building a new facility for recycling end-of-life plastics into valuable basic chemicals for the industry. This Plastics2Chemicals facility will recycle approximately 65,000 tonnes of end-of-life plastics and will thus become the first and largest fully-industrial plant on an EU scale. The foundation stone was laid in September 2022. Start-up is scheduled for early 2024 with an initial capacity of 26,000 tonnes. This will be scaled up to run at full capacity from 2027 onwards. The new facility will provide direct employment for approximately 50 people.
mrchub.com