What is it?
Advanced chemical recycling, also known as feedstock recycling or tertiary recycling, is a set of technologies that break down plastic waste into its chemical constituents, allowing for the production of new plastics, chemicals, and fuels. Unlike traditional mechanical recycling, which has limitations in terms of the quality and applicability of recycled plastics, advanced chemical recycling can produce virgin-quality materials from a wider range of plastic waste streams.
Why is it important?
Advanced chemical recycling can significantly increase the amount of plastic waste that can be recycled, helping to reduce plastic pollution and the environmental impact of plastic production. By displacing the need for virgin fossil feedstocks, advanced chemical recycling can help reduce greenhouse gas emissions associated with the production of plastics and chemicals. Advanced chemical recycling allows for the recovery and reuse of valuable chemical resources from plastic waste, improving resource efficiency and reducing the reliance on finite fossil resources.
What industries will it impact?
Plastics and packaging, Chemical and petrochemical, Waste management and recycling, Consumer goods and retail.
Market players
Agilyx, APK AG, Aquafil, Carbios, Eastman, Extracthive, Fych Technologies, Garbo, gr3n SA, Hyundai Chemical Ioniqa, RePEaT Co., Ltd., Synova, SABIC.