SABIC and PLASTIC ENERGY sign MOU for recycled feedstock supply

Chemical company SABIC has signed a memorandum of understanding with UK-based PLASTIC ENERGY to supply feedstock for its petrochemical operations in Europe. The companies plan to build a commercial plant in the Netherlands to refine and upgrade a feedstock called TACOIL, produced from the recycling of low-quality, mixed plastic waste. The plant is expected to begin commercial production in 2021 and is a significant step towards SABIC's commitment to establishing a circular economy and achieving its sustainability goals. PLASTIC ENERGY has developed a patented technology to convert hard-to-recycle plastics into usable feedstock.

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