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New market report on chemical recycling

Silver pipes, boilers and blue turbines in an industrial plant

According to the results of a recent market study by ecoprog, more than 40 chemical recycling plants are in operation worldwide, with over 100 more in planning.

The Chemical Recycling market study by market research company ecoprog analyses the technical fundamentals, market factors, development status, existing plants, projects and competition in the field of chemical recycling worldwide. The report has reportedly been updated in its third edition and concludes that the introduction of chemical recycling will enter a decisive phase in the next two to three years. According to the report, almost 50 new chemical recycling plants are expected to go into operation in the coming years, more than half of them in Europe. According to the authors, this would show whether technical solutions can be realised as planned - and at the assumed costs. In total, the market survey describes more than 40 active plants and more than 100 chemical recycling projects, of which almost 20 are currently under construction. Thereby the number of active plants and plants under construction is siad to have once again increased compared to the previous year.
 
In ecoprog's opinion, the adoption of the legal basis is at least as important as the expansion of capacities, especially in the EU. This relates in particular to the legal definition of the calculation method for chemically recycled product content, which is currently to be regulated in the EU primarily via the implementing decision for the EU Single-Use Plastics Directive (SUPD). According to ecoprog, if the chemical industry's demand for the recycling performance to be recognised in the sense of a "fuel use exempt" were to prevail, the pyrolysis oil used, for example, could be counted almost equally as recycled plastic. At the same time, it would be possible to "dilute" it with fossil-based naphtha in production processes with higher tolerances in terms of impurities. With a real mass approach, as demanded above all by environmental organisations and material recyclers, the crediting rate would often not even be half as high in practice.
 
Further information: Reading sample and ordering option on the ecoprog website
 
Sources:

  • Press release ecoprog (30.4.2024)
  • Photo: Symbolic image, unsplash.com, Chrystal Kwok

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