Viridor and PLASTIC ENERGY have signed a Memorandum of Understanding (MoU) and commenced feasibility work to develop a new project which would seek to return up to 30,000 tonnes of previously unrecycled plastic to the economy every year and prioritise resource and energy efficiency.
If successful, the project is expected to be finalised by the end of 2023.
The project would represent a ground-breaking UK circular economy collaboration, integrating with Viridor’s polymers investments to deliver a more complete plastics recycling solution.
Viridor would provide predominantly low-density plastic film – a stream traditionally not recycled due to contamination – to a PLASTIC ENERGY chemical recycling plant. This project envisages a plant co-located with a Viridor energy recovery facility, allowing PLASTIC ENERGY to draw low-carbon electricity generated from the process Viridor uses to put non-recyclable waste to work as a fuel source.
The chemical recycling facility would be owned, developed and operated by PLASTIC ENERGY. The recycled oils (TACOIL) produced from the plastic waste would be used as a feedstock to create virgin-quality recycled plastic material in collaboration with the chemical industry.