Although there has been an increase in global momentum to tackle the issue of plastic waste, more technologies are required to provide a solution that will decrease plastic pollution and make plastics more sustainable. Plastic Energy provides a solution to this problem and is paving the way as one of the world leaders in chemical recycling waste plastics. Plastic Energy uses its patented TAC™ technology to transform plastic waste that is difficult or unable to be mechanically recycled, such as flexibles and multilayer films, diverting it from landfill and incineration. Recycled oils from its process (called TACOIL™) are used as a replacement for fossil oils, in the production of virgin-quality food-grade plastics, contributing to the circular economy.
With two industrial recycling plants currently in operation in Spain, Plastic Energy has been developing its TAC™ technology and the chemical recycling industry for over 10 years. They have announced multiple projects in Europe, the US and Asia, including partnerships with SABIC in the Netherlands, TotalEnergies in France, Freepoint Eco-systems in the US, and Petronas in Malaysia. With Plastic Energy’s value-chain partners, they have moved beyond the proof-of-concept stage to the commercialisation of food-grade packaging made from their TACOIL™. TACOIL™ has been incorporated into more than 10 products on the European market, including Magnum ice cream tubs and Vinventions wine closures.
- With commercial recycling plants in operation in Spain, Plastic Energy uses its patented chemical recycling technology to transform plastic waste into recycled oils (called TACOIL™) that can be used to replace fossil oils in the creation of virgin-quality plastics for food-grade applications.
- Plastic Energy has collaborated with key partners across Europe, the US and Asia for new recycling projects, as well as with partners from the entire value-chain, to commercialise food-grade packaging made from its TACOIL™.
- Plastic Energy currently has three projects under construction in Europe, one in the Netherlands and two in France, which are significantly upscaled.