United Kingdom-based Viridor says it has signed a memorandum of understanding (MoU) designed to develop a new project that could convert up to 30,000 tons per year of what it calls “previously unrecycled plastic” into a recycled-content TACOIL product.
The U.K.-based waste and recycling company says by the end of 2023, if the project is completed on schedule, it would supply “predominantly low-density [LDPE] plastic film—a stream traditionally not recycled due to contamination” to a chemical recycling plant operated by London-based Plastic Energy.
“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,” states a news release issued by the two companies.
The chemical recycling facility would be owned, developed and operated by Plastic Energy. The recycled oils (TACOIL) produced from the plastic scrap would be used as a feedstock to create what the companies call “virgin-quality recycled plastic material in collaboration with the chemical industry.”
“This project is further evidence of Viridor’s ongoing commitment to investment and innovation to push the boundaries of what is recycled and reprocessed in the United Kingdom,” says Phillip Piddington, managing director of Viridor. “We are very proud to be working with Plastic Energy to develop a project which further demonstrates how all waste can be considered a resource and not rubbish and that collaboration is the key to achieving our green economy goals.”
Comments Carlos Monreal, founder and CEO of Plastic Energy, “We are delighted to support the development of an integrated site with Viridor in the U.K., and provide a solution for plastics previously not recycled. Chemical recycling will support the government’s goal to move towards a circular economy and to increase recycling rates for plastics, effectively making plastic [scrap] a valuable resource.”