Plastic Energy has announced the final investment decision and start of construction for its advanced recycling plant in northern France. The large-scale recycling plant will have a capacity of 25,000 tonnes of plastic waste per annum, with plans to scale-up to 33,000 tonnes in the near future, and will be adjacent to ExxonMobil’s Notre Dame de Gravenchon petrochemical complex.
Earlier this year, Plastic Energy signed an offtake collaboration agreement with ExxonMobil. As per the agreement, TACOIL (or recycled oils) from this Plastic Energy plant will be used by ExxonMobil to create virgin-quality certified circular polymers and other high-value products. Start-up of the advanced recycling plant is anticipated in 2023.