Enerkem Advances Chemical Recycling Project

Recently, Enerkem Canada announced that the company successfully completed a round of financing earlier this month, and is further advancing the joint chemical recycling project with Nova Chemicals

It is reported that Nova Chemicals and Enerkem have reached an agreement in 2020 to explore the possibility of converting non-recyclable and non-compostable municipal waste into ethylene and to start building a pilot-scale reactor system that will be obtained from waste plastics.

In its latest funding round, the company has raised a total of C$255 million, of which C$4.

"The project aims to expand the types of recyclable materials and increase recycling rates, while reducing incineration and landfill emissions, and keeping plastics out of the environment," said Michel Chonet, executive vice president of engineering, innovation and operations at Enerkem

Greg DeKunder, vice president of polyethylene marketing at Nova Chemicals, added that Nova Chemicals has a bold ambition to create a circular economy for plastics and is committed to designing a low carbon, zero plastic waste future