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Saudi Basic Industries Corporation (SABIC) and chemical plastics recycling company Plastic Energy have begun construction of a plant in the Netherlands for the production of SABIC's Trucircle range of circular polymers
.
SABIC has been working with Plastic Energy and customers and processors since early 2019 to produce and commercialize certified ring polymers
.
Fahad Al Swailem, Vice President of Sales at SABIC said: "The progress made with this project allows us to further advance the global circular economy industry
.
Produced by SABIC using Plastic Energy's advanced recycling technology, which converts low-quality, blended or used plastics (that were intended to be incinerated or landfilled) into Tacoil, a recycled oil that can be used in petrochemical plants to produce ethylene and propylene
.