Synpet Technologies wants to build a plastic waste recycling plant in Genk, it announced in a press release. The unit is expected to be operational in 2024 and employ around 70 people. Synpet has been working on its plastic waste recycling process since 2014. All waste containing carbon is targeted, including dirty non-recyclable plastics.
Concretely, the plastic is transformed into synthetic naphtha (normally a derivative of petroleum), which can be used to produce new plastic materials. Additionally, the process also produces natural gas, biochar, and liquid organic fertilizer.
In 2016, Synpet set up a small pilot plant in Istanbul. The company now wants to build a commercial factory in Belgium.
The plant will be located in Genk and will have the capacity to process some 180,000 tonnes of plastic per year. This is an investment of 90 million euros, the financing of which is almost complete. Depending on permit applications and construction work, the plant is expected to be operational by the end of 2024.
In addition, Synpet is already considering a second factory in Belgium. Finally, Synpet also plans to eventually transfer its research and development site from Turkey to Belgium. This would create additional jobs in Genk.