European plastics manufacturers plan 7.2 billion Euros of investment in chemical recycling

PlasticsEurope announces a significant increase in planned chemical recycling investment: from 2.6 billion Euros in 2025 to 7.2 billion Euros in 2030. To further accelerate investments in this key technology and the transition towards a circular economy, PlasticsEurope calls for a harmonised and strong policy and regulatory framework.

It is estimated that by 2050 nearly 60% of global plastics production could be based on reuse and recycling. PlasticsEurope members are already investing billions of Euros and teaming up with innovative value chain partners to ramp up chemical recycling and other leading-edge technology solutions. Member companies are planning to increase their investment in chemical recycling to produce 1.2Mt in 2025 and 3.4 Mt in 2030 of recycled plastics.


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