New recycled PET facility 20-02-2023 - Arhive
New recycled PET facility
-Suez, Loop Industries, SK Geo Centric select site for new recycled PET facility
Plant will be Europe’s first Infinite Loop production facility
Environmental services company Suez, Quebec-based PET recycler Loop Industries and and SK Geo Centric, a subsidiary of South Korean group SK, have announced that they have now selected a site for the previously announced construction of Europe’s first Infinite Loop plant. The three partners, each of whom has an equal share in the project, have opted to build their planned manufacturing facility at the Chemesis industrial platform in Saint-Avold, located in the Grand Est region of France.
Initially, when the project was announced in 2020, it consisted of just Suez and Loop Industries. New recycled PET facility
The partnership was expanded to include SK Global Centric in June 2022, following SKGC’s acquisition of a 10 percent equity stake in Loop Industries the previous year. SK was also given options to acquire additional shares at successively higher prices, and gained representation on Loop’s Board of Directors.
The present project will see the establishment of a facility that will manufacture 100% recycled and infinitely recyclable virgin-quality PET resin based on the proprietary depolymerisation technology developed by Loop. The planned capacity is 70,000 tonnes per year. New recycled PET facility
With the coming European legislation, under which PET bottles will have to contain at least 25% recycled content from 2025, and at least 30% from 2030, high-quality recycled PET will be in short supply. When the capacity of this project comes on stream, it will offer European-based global brands a source of the kind of highly pure, virgin quality recycled PET they need.
Loop Industries is commercialising a no-pressure, low-heat process to break down PET into monoethylene glycol (MEG) and dimethyl terephthalate (DMT), chemicals that can be used to make virgin-quality PET plastic. The partners claim that at full capacity, the facility could save over 255,000 tonnes of CO2 annually, when compared to virgin PET resin made from fossil fuels. New recycled PET facility
The entry flows of feedstock will be collected, sorted and prepared by Suez. The company will utilise the partnerships and infrastructure already in place on behalf of its current waste management operations to ensure the continuity of the feedstock supply.
The project, which represents a projected overall investment of €450 million, is supported by the French Ministries of Industry and Ecology, the Grand Est region and the Saint-Avold Synergy region community.
“This considerable investment, which will create jobs, represents a further decisive step in the environmental transition of the Saint-Avold Carling chemical platform,” said Franck Leroy, President of the Grand Est Region.We want to become the reference region for the circular economy.” New recycled PET facility
Loop Founder and CEO Daniel Solomita explained that “Saint-Avold was chosen as the location of our facility due to its proximity to feedstock sources and its extensive road and rail links in Europe, which facilitates the distribution of Loop PET resin throughout the continent.”
A local consultation process will be launched in the coming weeks to present the project, which will enable the direct creation of 200 new jobs, to the general public. The three partners aim to start construction work in early 2025 with plant commissioning slated for 2027.
The facility in Europe is part of the global commercialization strategy of Loop’s technology. Loop and SKGC are currently focused on the planning of the projected first Infinite Loop manufacturing facility in Ulsan, South Korea, which is expected to break ground in 2023.
New recycled PET facility