Plastic Energy, Axens to partner with Qenos for circular plastics manufacturing
Plastic Energy and Axens are partnering with Qenos in the planning of a major circular plastics manufacturing facility in Australia.
Plastic Energy and Axens will support the recently announced Qenos and Cleanaway joint feasibility study for the conversion of up to 100,000 t of household soft plastic waste and mixed plastics back into circular polyethylene.
Circular plastics manufacturing using advanced recycling takes soft plastics and other hard-to-recycle plastic waste, which currently goes to landfill, incineration or escapes into the environment and recycles this back into the same products. It is the next major phase in recycling, and is forecast to attract $680 B of investment globally by 2050.
Circular polyethylene has identical properties to virgin polyethylene and can be used in food contact and high-performance applications thereby supporting local packaging and food manufacturers to achieve the 2025 APCO national packaging targets.
Qenos CEO, Stephen Bell said "this important step in the development of the Qenos circular plastics project (QCPP) was the result of an extensive assessment of suitable advanced recycling technologies and partners, supported in part by the Victorian Government. Qenos’ objective is to deliver a project of market leading scale which will meet customer expectations and deliver on recycled content targets by 2025. These partnerships are crucial – Plastic Energy and Axens are world class companies that also see this opportunity to partner with Qenos, and support the establishment of a new major manufacturing sector worth $350 MM annually with 3100 jobs over the longer term."
"We are pleased to be partnering with Qenos as the advanced recycling technology provider, along with Axens, for this study into the creation of a circular polyethylene capability in Australia. Our patented and proven recycling process for plastic waste has been in operation in Europe since 2016, exemplifying why we were identified by Qenos as a leader in the advanced recycling sector, and a reliable partner on this project," said Carlos Monreal, Founder and CEO of Plastic Energy.
Stephane Fedou, Axens Plastics Circular Economy Director said "Axens is proud to have been selected by Qenos, a world class polyethylene manufacturer and specialty polymers supplier. This reveals all the potential of our alliance with Plastic Energy to provide, at scale, a complete and optimized solution, for advanced recycling of waste plastic, which otherwise would end up incinerated or landfilled, for the production of food-grade plastics while minimizing carbon footprint."
The QCPP is the largest proposed circular plastics project in Australia, and is currently being considered for support under the Federal Government’s modern manufacturing initiative.
The joint feasibility study is expected to be completed by July 2022 and a FID to be made later this year. Pending a successful outcome, the first of the advanced recycling facilities is expected to be operational by 2025. Fully commissioned, the QCPP would secure a leadership role for the Australian manufacturing chain in this emerging global sector.
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