Ineos Olefins & Polymers Europe and Plastic Energy have signed a Memorandum of Understanding (MOU) to produce 100,000 t/y of petrochemical feedstock from recycled plastic waste.
The EU Commission’s ambitious plan for a European Green Deal, launched shortly before the pandemic struck in early 2020, aims to make the continent the world’s first climate-neutral region by 2050. The goals spelled out in January last year call for reduction of greenhouse gas emissions by at least 50% up to 2030, compared with 1990 levels.
Ineos has joined forces with Plastic Energy to help promote and employ chemical recycling.
