INEOS and PLASTIC ENERGY have today announced a collaboration on the construction of a new plant to convert waste plastic into the raw material to make new plastic. Production of the new facility would be targeted for the end of 2023. Advanced recycling technology converts waste plastic back to its basic molecules. The resulting material is then used in INEOS crackers to replace traditional raw materials derived from oil. First trials of product from PLASTIC ENERGY’s current advanced recycling process have been completed.
