France – Plastic Energy and ExxonMobil collaborate on French recycling project that will convert post-consumer plastic waste into raw materials for the manufacturing of virgin-quality polymers.
The project is expected to be one of the largest advanced recycling plants in Europe, with an initial capacity of 25,000 tonnes of plastic waste per year, and plans to scale up to 33,000 tonnes in the near future.
Plastic Energy and ExxonMobil have been developing plans since 2018. A final investment decision is expected in mid-2021 with startup anticipated in 2023.
Under terms of the agreements with affiliates of ExxonMobil, Plastic Energy will build, own and operate an advanced recycling plant adjacent to ExxonMobil’s Notre Dame de Gravenchon petrochemical complex in France. The plant will convert difficult-to-recycle mixed plastic waste into raw materials that can be transformed into certified circular polymers and other high-value products at ExxonMobil’s petrochemical complex.
This project has received financial support from the French government as part of their Plan de Relance and Regional Planning Grant Scheme.