Saudi Arabian chemical company Sabic and UK-based cleantech company Plastic Energy are planning to build a plastics recycling plant that will according to their statement recycle previously non-recyclable plastic waste to produce new plastics. The new plant is to be built at Sabic's Dutch site in Geleen and will use the Thermal Anaerobic Conversion (TAC) chemical process developed by Plastic Energy. This shall be used to produce the raw material tacoil, which Sabic in turn intends to process into virgin plastics and market as a circular polymer. For the project, both companies founded the joint venture Sabic Plastic Energy Advanced Recycling (SPEAR), in which each holds a 50 per cent stake. According to the companies, the plant is scheduled to go into operation in the second half of 2022.

Sources:

• plasticker.de (26.1.21)
• Photo: © Sabic + Plastic Energy