PUBLISHER: Future Markets, Inc. | PRODUCT CODE: 1262974
PUBLISHER: Future Markets, Inc. | PRODUCT CODE: 1262974
Advanced recycling technologies that utilize heat or chemical solvents to recycle plastics into new plastics, fuels or chemicals are a key strategy for solving the global plastic problem.
Advanced chemical recycling technologies are now being developed by around 130 companies worldwide, and capacities are increasing. Companies including ExxonMobil, New Hope Energy, Nexus Circular, Eastman, Encina are planning to build large plastics recycling plants.
As well as complementing traditional mechanical recycling, advanced recycling offers benefits such as widening the range of recyclable plastic options, producing high value plastics (e.g. for flexible food packaging) and improving sustainability (using waste rather than fossil fuels for plastics production).