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Plastic Energy and Axens announce strategic collaboration

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Hydrocarbon Engineering,

Plastic Energy and Axens have announced the signing of a strategic collaboration agreement in the field of advanced recycling of plastics, to increase recycling and decrease plastic waste.

Plastic Energy and Axens will market and license Plastic Energy’s patented, industrially proven advanced recycling technology, which uses a thermal anaerobic conversion (TAC) pyrolysis process to recycle, end-of-life plastics that would otherwise be destined for landfill, incineration or end up in the environment. The plastic waste from Plastic Energy’s process is turned into raw materials that can be used to create virgin-quality polymers.

The partners will provide customers with technical and business case studies, basic engineering, technical services, proprietary equipment, complete modular units and support to operations, leveraging Plastic Energy and Axens’ complementary operational, licensing and engineering skills.

The partners will also be in position to propose and license a complete technological solution for the pyrolysis pathway, combining Plastic Energy’s recycling technology and the Axens Rewind® Mix process for the purification of plastics pyrolysis oil.

“We are extremely glad to announce our strategic partnership with Plastic Energy, a major milestone in Axens’ ambition to develop and propose an extended portfolio of advanced technologies for the plastic circular economy. Achieving a true circular economy of recycled polymers, including for food contact and health care grade, is a largely shared objective. We believe that Plastic Energy and Axens, together and leveraging our complementary operational and technological skills, can now offer a combination of proven technologies to make it possible,” said Jean Sentenac, Chairman and CEO of Axens.

“I am delighted to announce this collaboration agreement with solution-provider Axens to expand our patented and proven advanced recycling technology globally.” added Carlos Monreal, CEO of Plastic Energy. “The operational experience that Plastic Energy has gained over the last five years from our current recycling plants in Spain sets us apart in the market and will be invaluable to our new licensing customers. Through this partnership with Axens, we will be able to increase the amount of plastic waste that can be recycled and work towards a more circular economy for plastics.”

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