European plastics producers plan to invest billions of euros in the coming years to scale up chemical recycling of plastic waste to an industrial level. According to Plastics Europe, companies want to significantly increase their investments in chemical recycling across Europe from €2.6bn in 2025 to €7.2bn by 2030. Starting in 2025, plastics-producing companies want to produce 1.2 million tonnes of recycled plastics through chemical recycling and increase this figure to 3.4 million tonnes a year as of 2030.
Chemical recycling, which industry players like to call “advanced recycling”, is seen sceptically by some parts of the business community and environmental organisations, as EUWID has previously reported. Now, a new report by Nova Institute wants to “clear up this jungle of information” about chemical recycling of plastic waste. The consulting and research institute's report looks at the processes, such as pyrolysis and gasification, which are available on the market now or will be soon.
The 200-page report profiles 103 recycling technologies and their suppliers. The target audiences for the report include the chemical and plastics industries as well as investors and political decision-makers.
Most of the technologies covered in the report come from Europe, especially the Netherlands and Germany, with the rest stemming from North America, Asia and Australia. The report also features “the first identified post-processing and upgrading technology providers which will also play a key role in the conversion of secondary valuable materials into chemicals, materials, and fuels”....