Plastic Energy, a UK-based recycler, is working with ExxonMobil on an advanced recycling project in France that will convert post-consumer plastic waste into raw materials for manufacturing virgin grade polymers.
Based on current plans, the project is expected to be one of the largest advanced recycling plants in Europe, with an initial capacity of 25,000 tonnes of plastic waste per year, and plans to grow to 33,000 tonnes in the near future. to come up.
The precise location of the plant has not been disclosed.
Plastic Energy specializes in recycling end-of-life plastics that would otherwise go to landfill, incineration or end up in the environment.
“This project with ExxonMobil is another important step towards a more circular economy for plastics,” said Carlos Monreal, Founder and CEO of Plastic Energy. “The objective of Plastic Energy is to continue to build recycling infrastructures in France, and in the world, to increase the recyclability of plastics.”
“Our projects with Plastic Energy demonstrate how industry, government and consumers can work together to build a more circular system to capture the value of post-consumer plastic,” said Karen McKee, president of ExxonMobil. “We are well positioned to add value through our expertise in manufacturing plastics and high performance products to help advance projects like this, which provide sustainable solutions at scale.”
Plastic Energy and ExxonMobil have been developing plans since 2018. A final investment decision is expected in mid-2021 with a start-up scheduled for 2023. Under the terms of the agreements with ExxonMobil affiliates, Plastic Energy will build, own and operate a advanced recycling adjacent to ExxonMobil’s Notre Dame de Gravenchon petrochemical complex in France. The plant will convert difficult-to-recycle mixed plastic waste into raw materials that can be transformed into certified circular polymers and other high-value products at the ExxonMobil petrochemical complex.
The project has received financial support from the French government as part of its Recovery Plan and its Land Use Planning Subsidy Plan.