- The plant in the Netherlands is expected to start commercial production in 2021.
- The plant will produce TACOIL from low quality, mixed plastic waste.
- PLASTIC ENERGY has two industrial plants in Spain operating 24/7.
- The process involves converting plastics into synthetic oils for petrochemical use.
Project Overview
SABIC has signed a memorandum of understanding with PLASTIC ENERGY for the supply of recycled feedstock to support its petrochemical operations in Europe. The collaboration aims to build a commercial plant in the Netherlands to refine and upgrade TACOIL, a patented product from PLASTIC ENERGY, produced from recycling low quality, mixed plastic waste.
Timeline and Production
The plant is anticipated to enter commercial production in 2021. This initiative marks a significant step towards SABIC’s commitment to establishing a circular economy and achieving its sustainability goals.
Technological Expertise
PLASTIC ENERGY has commercialized a patented thermochemical conversion technology that converts end-of-life, dirty, and contaminated plastics into usable feedstock. The process involves melting plastics in an oxygen-free environment and breaking them down into synthetic oils, which are then refined and upgraded for traditional petrochemical uses.
Existing Operations
PLASTIC ENERGY already operates two industrial plants in Spain, running 24/7, and has a technology team with over 10 years of experience in developing this patented technology. Their expertise will be crucial in promoting the new plant's success and contributing to the circular economy.
