MOSCOW (MRC) -- Polystyvert Inc. (Montreal, Queb., Canada) announces the construction of its first full-scale commercial plant to produce recycled polystyrene in Greater Montreal, said Chemengonline.
Representing an investment of USD40 million, this plant will recycle 9,000 tons of post-consumer and post-industrial polystyrene waste annually, with a high degree of contamination. This amount is equivalent to 15% of the polystyrene buried in Quebec each year.
Among the partners, it is important to note the participation of two blue-chip partners in the polystyrene industry who will contribute to the financing of the plant. The supply of raw materials is ensured, as well as the sale of recycled polystyrene.
Polystyvert’s patented technology addresses an essential need in waste management, namely the ability to recycle a material that was once considered difficult to recycle. Thanks to advanced purification, it is now possible to remove contaminants and produce high-quality plastic. This recycled plastic exhibits identical physical and chemical characteristics to virgin resin, while also allowing a reduction in greenhouse gas emissions of up to 90%.
The recycled resin can be used to manufacture products intended for the same applications as virgin resin. In line with Quebec’s and Canada’s economic and environmental objectives, this transformative project benefits from the support of both levels of government.
We remind, Montreal-based specialty recycling company Polystyvert has closed a round of funding to facilitate the development of a full-scale polystyrene (PS) recycling plant. The round includes new investor BEWI Group, a European provider of packaging, components, and insulation solutions, and said to be one of the largest integrated expandable PS (EPS) producers in Europe with an annual EPS production capacity of 200,000 tons, as well as new private investors.