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Dow announced that it is working with the Dutch chemical company Fuenix Ecogy Group to convert waste plastics into pyrolysis oil to expand the recycling of waste plastics and address the growing global waste plastic pollution probl.
Fuenix Ecogy Group has developed a plastic decomposition technology that converts waste plastics into new petroleum materials for recycli.
Dow said a few days ago that it plans to implement the process at its plant in Terneu\zen, the Netherlands, and use it as the main recycling proce.
Chemical companies are faced with addressing the problem of waste plastic pollution that is destroying marine life and ecosystems around the wor.
Retail and consumer giants including Unilever, Walmart, Coca-Cola and others have pledged to increase the use of recycled plastic, creating a market value of about $120 billion in Canada and the United States alo.
Breakthrough Technology: Recycling for Wider Applications
Breakthrough Technology: Recycling is more widely usedBreakthrough Technology: Recycling is more widely usedAccording to a report by Closed Loop Partners, an investment firm focused on saving economic resources, at least 60 businesses are working on recycling solutions and need investment to scale quick.
Most plastic sent to the world is not recycled, and nearly 90% of plastic waste ends up in landfills, incinerators, rivers and ocea.
According to Dow, Fuenix's technology is a more flexible solution than traditional mechanical recycling methods that can only recycle limited plastic applicatio.
The product of this process, called pyrolysis oil, is suitable for the manufacture of food packaging and medical products, applications that typically require the use of nascent plastic feedstocks such as crude o.
It is reported that plastics made from pyrolysis oil produced by the new process are comparable to plastics made from crude o.
By 2025, the partnership will help Dow use at least 100,000 tonnes of recycled plastic to make products and put them on the EU market, the company sa.
The technology can reduce carbon dioxide emissions by 65 percent compared to methods such as incineration and energy recovery, Fuenix sa.
The approach may be able to enter the vast plastics market, and has the opportunity to take a share of the petroleum products mark.
"This is a promising technology for some waste streams that cannot be mechanically recycled right now," he add.
