INEOS signs agreement with Plastic Energy for its largest plant to produce 100,000 tonnes of raw materials from plastic waste
- The agreement follows a collaboration between both companies to explore the construction of a commercial scale plant which began in 2020.
- The recycled material has already been successfully converted into virgin-quality polymer through the INEOS cracker at Köln, Germany, and used by selected customers and brands.
- As well as reducing the risk of plastic pollution re-use of ‘end of life’ plastic will also help to reduce total emissions, supporting the transition to net zero.
- Rob Ingram, CEO INEOS Olefins & Polymers Europe said: “This is further evidence of our commitment to creating a more sustainable future for our industry and in particular developing a circular economy that keeps valuable materials in use and out of the environment.”
INEOS Olefins & Polymers Europe and Plastic Energy, have today announced a Memorandum Of Understanding to produce 100,000 tonnes per annum of recycled raw materials from plastic waste. This will be the largest use of Plastic Energy technology on the market. These new raw materials will enable a circular approach to produce essential plastic items that meet the requirements of demanding food contact and medical applications.
Production will be based in Köln, Germany. Plastic Energy’s patented TAC™ recycling technology will turn difficult-to-recycle plastic waste otherwise destined for incineration or landfill, into a valuable raw material TACOIL™, a Plastic Energy product that can be used to create virgin-quality polymers.
INEOS will also invest in technology to process the TACOIL™ further before feeding it to their steam crackers, where it will replace traditional raw materials derived from oil. This use of advanced recycling enables plastic waste to be turned into new, virgin-quality materials that can be used in demanding applications where safety standards require the highest level of product purity and performance.
As well as reducing the risk of plastic pollution and the use of fossil-based raw materials, the circular re-use of ‘end of life’ plastic will also help to reduce total emissions, supporting the transition to net zero.
INEOS and Plastic Energy first announced a collaboration to explore the construction of a commercial scale plant in 2020. Working together TACOIL has already been successfully converted into virgin-quality polymer through the INEOS cracker at Köln, Germany, and used by selected customers and brands to demonstrate the viability and demand for materials from advanced recycling. As a result, INEOS and Plastic Energy are now delighted to announce this extension of their partnership. Production is targeted for the end of 2026.
Rob Ingram, CEO, INEOS O&P Europe North, said: “Advanced recycling is an essential part of the solution for turning plastic waste into materials that can be used for demanding applications. Our position is that advanced recycling has to be done at scale in order to make the process environmentally and commercially viable. I’m therefore delighted to take this first step with Plastic Energy towards building that kind of capability from day one.”
“This is further evidence of our commitment to creating a more sustainable future for our industry and in particular developing a circular economy that keeps valuable materials in use and out of the environment.”
Carlos Monreal, Founder and CEO of Plastic Energy, said: “We are pleased to announce this project with INEOS to further scale our portfolio of plants in Europe. TACOIL™ from our recycling process has already been used in products that have been commercialised on the European market, and we look forward to working with INEOS to enable the production of more recycled content.”
Using a mass balance approach, an independent, third-party organization such as ISCC or RSB will certify that fossil-based feedstocks have been substituted by the new, recycled materials and ensure that recycled benefits are being accounted for correctly. A mass balance approach enables co-processing of circular and fossil feedstocks, a key step in the transition to a circular economy.
More on INEOS O&P Europe’s recycling solutions
This is further evidence of INEOS O&P Europe’s commitment to taking action across the value chain to create a more sustainable future. Advanced recycling solutions are complementary to its Recycl-IN range, which compounds mechanically recycled materials with highly engineered polymers to produce products that enable converters and brand owners to meet consumer demands for an increase in the use of recycled materials, while meeting high performance specifications.
Advanced recycling provides solutions for applications such as food contact and medical, while the Recycl-IN range targets non-food contact uses. The complementary nature of the two approaches is also reflected in the type and qualities of waste used for each.
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Notes to Editors:
Some of the action O&P Europe is taking to create a more sustainable future:
- Investing in state-of-the-art technology that will enable O&P Europe to work with partners to produce new, recyclable flexible packaging films, creating the potential to prevent approximately one million tons of waste per year from being sent to landfill or incineration
- Building Project One, the most environmentally sustainable cracker in Europe and largest investment in the European chemical sector in a generation
- Conducting a feasibility study into the construction of a 100-megawatt water electrolysis plant for producing green hydrogen at our site in Cologne, which could cut CO2 by more than 100,000 tonnes per year
- The Recycl-IN polymer range, which compounds post-consumer recycled plastic with new highly engineered virgin polymers to meet the demand for recycled products that meet high performance specifications
- Recycling investments that will drive up recycling levels and produce food-grade certified recycled content
This is just a small sample of the action being taken across INEOS to deliver net zero emissions and develop a circular economy in which valuable materials stay in use. Go to https://www.ineos.com/sustainability/ for more.