Freepoint Eco-Systems Belgium NV and North Sea Port announced (30 May 2024) the signing of a long-term concession agreement for the development of Freepoint Eco-Systems’ first advanced recycling facility for plastics in Europe. The facility will be situated in the Kluizendok site in Gent.
Upon completion, the facility will operate as one of the largest plastic recycling facilities globally. The location is situated on the left bank of Ghent-Terneuzen Canal, Belgium, within the North Sea Port area.
Freepoint Eco-Systems aims to construct an ISCC-Plus Certified advanced recycling facility. Spanning 10 hectares (24.7 acres) of currently undeveloped land, it will have the capacity to recycle approximately 80,000 metric tons of waste plastic annually. The project is designed for future expansion, with a plot capable of supporting an anticipated total recycling capacity of approximately 160,000 metric tons of waste plastic per year.
Freepoint Eco-Systems is currently engaged in feedstock sourcing and financial planning, aiming to finalize the project timeline by late 2024. Construction is slated to commence upon completion of the permitting process, expected in 2025.
