Plastic Energy is the industry leader in the chemical recycling of end-of-life plastic waste and is instrumental in the creation of a circular economy for plastic. The company has over 10 years of experience developing their patented technology and owns and operates two plastic recycling plants in Spain.
Unlike mechanical recycling, which degrades plastics and can only be repeated a limited number of times, chemical recycling can be continuously repeated with no reduction in quality in addition to being less carbon-intensive. Unlike traditional methods, Plastic Energy’s technology produces plastics suitable for food packaging, and has signed commercial agreements with some of the leading consumer brands such as Tesco, Unilever and Nestlé.
Plastic Energy uses patented Thermal Anaerobic Conversion (TAC) technology to convert end-of-life plastics into various recycled oils, called TACOIL, that can be used as a feedstock to create clean recycled plastics. Plastic Energy’s process complements traditional mechanical recycling efforts and energy recovery activities, to help build a circular economy of plastic.
“The management team at Plastic Energy have created a pioneering company with compelling growth potential. We look forward to working with them and growing the company.”
How does Plastic Energy support sustainability?
- Reducing pollution - improving waste management by diverting plastics away from landfills and incineration, and preventing leaks into the ocean
- Increasing recycling - supporting countries in reaching plastic waste targets by recycling previously non-recyclable plastics
- High quality recycled content - increasing availability of virgin-quality recycled plastic suitable for food-grade products
- Move to a circular economy - closing the plastic loop by using end-of-life material to create new plastics, instead of natural resources
Plastic Energy’s modular plants can be built almost anywhere and can be integrated with existing infrastructure and processes. Plastic Energy is the only company to have operational plants solely focused on plastic-to-plastic recycling and has signed agreements with a number of the world’s largest energy and chemical companies, including SABIC, TotalEnergies and ExxonMobil. The first of these new facilities is already under construction in the Netherlands, and two others, to be constructed in France, are in development.
For more information please visit the Plastic Energy website.