Molecular Plastics Recycling – PET-bottle 20-01-2022 - Arhive

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Plastics Recycling Loop Industries

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-Eastman to Build World’s Largest Molecular Plastics Recycling Facility in France

French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa will jointly announce Eastman’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman’s polyester renewal technology to recycle more than 176,000 tons annually of hard-to-recycle plastic waste that is currently being incinerated. The investment would create virgin-quality material with a significantly lower carbon footprint.

Eastman’s project has garnered support from global brands who share its commitment to solving the world’s plastic waste problem and view molecular recycling as a pivotal tool for achieving circularity. LVMH Beauty, The Estée Lauder Companies, Clarins, Procter & Gamble, L’Oréal and Danone are signing letters of intent for multiyear supply agreements from this facility.

This multi-phase project includes units that would prepare mixed plastic waste for processing, a methanolysis unit to depolymerize the waste, and polymer lines to create a variety of first-quality materials for specialty, packaging, and textile applications.  Plastics Recycling Loop Industries

Eastman also plans to establish an innovation center for molecular recycling that would enable France to sustain a leadership role in the circular economy. This innovation center would advance alternative recycling methods and applications to curb plastic waste incineration and leave fossil feedstock in the ground. The plant and innovation center would be expected to be operational by 2025, creating employment for approximately 350 people and leading to an additional 1,500 indirect jobs in recycling, energy and infrastructure.

A circular economy is key to addressing the global plastic waste crisis and the climate crisis, which have both been at the center of attention in France and throughout Europe. This long-term partnership between France and Eastman will contribute to the EU achieving its sustainability goals, by reducing carbon emissions and enabling a circular economy. Plastics Recycling Loop Industries

France has demonstrated tremendous leadership by recognizing the vital role of molecular recycling and supporting investments in innovation.

Eastman says its proven polyester renewal technology provides true circularity for hard-to-recycle plastic waste that remains in a linear economy today. This material is typically incinerated because it either cannot be mechanically recycled or must be downcycled with existing technology. This hard-to-recycle waste is broken down into its molecular building blocks and then reassembled to become first-quality material without any compromise in performance. Plastics Recycling Loop Industries

Eastman to Build World’s Largest Molecular Plastics Recycling Facility in France

-Loop Industries, Inc.: Loop Industries Announces Selection of Port-Jérôme, in Normandy, France, as Site for First European Infinite Loop Manufacturing Facility

Loop Industries Announces Selection of Port-Jérôme, in Normandy, France, as Site for First European Infinite Loop Manufacturing Facility

  • Facility to support sustainability objectives of european consumer packaged goods companies
  • Breaking ground of new facility targeted for 2023 with facility startup and commissioning approximately 18 months later
  • Infinite Loop(tm) manufacturing model designed to produce 70,000 tonnes of virgin-quality PET resin made from 100% recycled content annually
  • Projected 255,000 tonnes of CO2 savings annually[1] compared to virgin PET resin made from fossil fuels

Loop Industries, Inc. , a clean technology company, whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today announced the selection of the site for its first European Infinite Loop(TM) manufacturing facility. As previously disclosed, Loop and leading French environmental services group Suez, have announced their intent to form a joint venture to build the first Infinite Loop(TM) manufacturing facility in Europe. Plastics Recycling Loop Industries

The two companies have secured exclusive rights until June 2022 to purchase a 130,000 m² parcel of land in Port-Jérôme-sur-Seine, in the region of Normandy in Northern France. The purchase price for the land is approximately €1.3 M.

The site is strategically located for waste plastic feedstock transportation via the Seine River from the Paris region and is well located to service the large French CPG brand companies. The capital investment required for the project is expected to be €250 M and the project is expected to create 180 full-time manufacturing and engineering jobs. Plastics Recycling Loop Industries

The next major steps for the project include permitting, finalizing customer offtake agreements and financing, including support from the French government. Following the completion of permitting, construction of the facility is expected to begin in 2023, with commissioning approximately 18 months later.

The Infinite Loop(TM) manufacturing model is designed to produce 70,000 tonnes of PET resin made from 100% recycled content per year. The facility will provide an opportunity for global CPG brands based in France to accelerate the achievement of their sustainability objectives by gaining access to locally produced virgin-quality PET plastic and polyester fiber made entirely from waste material. At full capacity, the facility is projected to save over 255,000 tonnes of CO2 annually, when compared to virgin PET resin made from fossil fuels. Plastics Recycling Loop Industries

This CO2 reduction is comparable to the emissions from over 108 million liters of gasoline or over 1 billion kilometers driven by an average passenger vehicle. The majority of the incoming waste plastic feedstock for the facility is currently not recycled and contributes to the waste plastic pollution problem. The facility is aligned with European plastic regulation and objectives, such as the EU’s plastic levy, which charges €800 per tonne of non-recyclable plastic waste, as well as France’s ambition to transition to 100% recyclable plastic by 2025.

Port-Jérôme was selected after an extensive review of several dozen potential sites across Europe. The Normandy region offers a skilled labor pool, favorable logistics and a supportive regional government which has articulated a clear vision of a more sustainable future focused on the circular economy.

The Infinite Loop(TM) France manufacturing facility will create circularity in plastic packaging for leading global consumer brands based in France, including Danone, L’Oréal and L’Occitane, and help them meet their commitments for a high level of recycled plastic content. Plastics Recycling Loop Industries

Plastics Recycling Loop Industries

Eastman to Build World’s Largest Molecular Plastics Recycling Facility in France

Loop Industries, Inc.: Loop Industries Announces Selection of Port-Jérôme, in Normandy, France, as Site for First European Infinite Loop Manufacturing Facility

Oil prices will surge to $100 this year, Goldman Sachs warns

BASF to expand European production for Hexamethylenediamine and Polyamide 6.6

-Combining fossil-based polymers with renewable raw materials results in a bio-attributed composition of 80 to 95%.

-Scientists Develop New Class Of Degradable Plastic Polymers Using Sugar Compounds

-Combined action on dyeing and finishing

-Belgium: TotalEnergies increases its production of high-performance polymers for specialty markets

Plastics Recycling Loop Industries

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