SABIC and Plastic Energy Set to Start Construction of Pioneering Advanced Recycling Unit to Increase Production of Certified Circular Polymers

21 January 2021

In another significant contribution towards the development of a circular economy for plastics, SABIC and Plastic Energy are set to commence construction on the first commercial unit to produce its flagship certified circular polymers, part of the TRUCIRCLE™ portfolio, which are made from the upcycling of mixed and used plastic.

SABIC, a global leader in diversified chemicals, along with partner Plastic Energy, a pioneer in chemical plastics recycling, are set to start the construction phase for the unit, which will be based in Geleen, the Netherlands and is expected to become operational in the second half of 2022. The project will be realized under a 50-50 joint venture called SPEAR (SABIC Plastic Energy Advanced Recycling BV) and is being executed with a Top Sector Energy Subsidy from the Ministry of Economic Affairs in the Netherlands.

As part of the project’s market foundation stage, SABIC has worked together with Plastic Energy and leading customers and converters to produce and commercialise certified circular polymers since early 2019. The new unit will enable SABIC to significantly upscale the production of certified circular polymers to provide customers with greater access to sustainable materials which have been recycled, repurposed and produced in a way that can help protect our planet’s natural resources, whilst acting as a drop-in solution.

‘Advancements in this pioneering project take us one step closer to driving the change needed to become a circular global industry,’ said Fahad Al Swailem, Vice President, PE& Sales at SABIC. ‘We have overcome significant external, global challenges to reach this important milestone and remain fully committed to closing theloop on used plastic. We are continuing to collaborate on an unprecedented level with our partners upstream and downstream to achieve this.’

‘It has been an exciting journey in making our vision of building advanced recycling plants come to life, and we are delighted to announce the construction of this new facility with SABIC,’ said Carlos Monreal, Founder and CEO of Plastic Energy. ‘We have worked jointly with SABIC towards our common goal of making plastics more sustainable and moving towards a more circular economy for plastics.”

SABIC’s certified circular polymers are produced using Plastic Energy’s advanced recycling technology to convert low quality, mixed, and used plastic, otherwise destined for incineration or landfill, into TACOIL. The TACOIL produced in the new commercial unit will be used by SABIC in their production process as an alternative to traditional fossil materials to create new circular polymers.

The circular polymers form part of SABIC’s TRUCIRCLE portfolio and services for circular innovations. Launched in 2019, the TRUCIRCLE portfolio is a considerable milestone on the journey towards closing the loop and creating a circular economy for plastics and intends to provide manufacturers with access to more sustainable materials. The TRUCIRCLE portfolio spans design for recyclability, mechanically recycled products, certified circular products from feedstock recycling of used plastic and certified renewables products from bio-based feedstock.

MEDIA CONTACTS:
SABIC
Lindsay Clarkmead - [email protected]
PLASTIC ENERGY
Susan Fitzsimons [email protected]

ABOUT SABIC

SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. SABIC manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products:  chemicals, commodity and high performance plastics, agri-nutrients and metals.

SABIC supports its customers by identifying and developing opportunities in key end-use applications such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy. Production in 2019 was 72.6 million metric tons.

SABIC has more than 33,000 employees worldwide and operates in around 50 countries. Fostering innovation and a spirit of ingenuity, SABIC has 11,738 global patent filings, and has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.

ABOUT PLASTIC ENERGY
Plastic Energy is at the forefront of the use and development of a chemical recycling technology to transform traditionally non-recyclable plastic waste into hydrocarbon products (TACOIL) which can be used to make recycled, virgin-quality plastic. Plastic Energy currently operates two commercial plants, 24/7, 330days a year. It is one of the few companies worldwide that has sold millions of litres of recycled oils (TACOIL) from the conversion of end-of-life plastic waste, using patented technology. Plastic Energy is leading the way in its field in the transition to a low-carbon circular economy for plastics. Learn more at plasticenergy.com.