SABIC and Plastic Energy are building the world’s first commercial recycling unit to produce circular plastic polymers in the Netherlands.
The plant will be a significant contribution towards the development of a circular economy for plastics.
Plastic Energy, a UK-based pioneer in chemical plastics recycling, and SABIC, a global leader in diversified chemicals, are set to start the construction of the unit which will be based at Chemelot in Geleen.
The destination is a key site for research and development and manufacturing in the Dutch chemicals ecosystem.
The facility is expected to become operational in the second half of 2022.
The project will be realized under a 50-50 joint venture called SPEAR (SABIC Plastic Energy Advanced Recycling BV) and is being executed with a Top Sector Energy subsidy from the Ministry of Economic Affairs and Climate Policy in the Netherlands.