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Nova Chemicals have recently inked a deal with Plastic Energy, a leading advanced recycling firm headquartered in London, to develop a chemical recycling facility in the Sarnia, Ontario, area. The partnership aims to assess the project's feasibility and determine the facility's potential.

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Plastic Energy's pyrolysis technology, which is based on a patented thermal anaerobic conversion process called TAC, will be used at the facility. The process involves converting postconsumer plastic waste into a feedstock known as Tacoil, which is a crucial component in producing new, virgin-grade plastics, including HDPE and LDPE, suitable for food contact and high-performance applications. Each tonne of plastic waste processed at the facility will yield 850 liters of chemical feedstock Tacoil.

Nova Chemicals is fully invested in prolonging the life cycle of its products and plastic packaging. The company's recently released Roadmap to Sustainability Leadership report outlines a commendable target to achieve 30 percent recycled content as a share of its total polyethylene (PE) sales by the year 2030. This is a lofty goal, but one that is definitely achievable with the right strategies in place. Nova Chemicals plans to achieve this goal by expanding its mechanical recycling business and exploring advanced recycling technologies.

Furthermore, Plastic Energy already has two commercial recycling plants in Spain and is currently working on new projects in Europe and Asia. This clearly indicates that the future of recycling is bright, with immense potential to further promote the circular economy.

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According to Procurement Resource, this collaboration between Nova Chemicals and Plastic Energy is a significant step in the right direction toward sustainable waste management and recycling. Utilizing post-consumer plastics can greatly benefit the circular economy, and this agreement with Plastic Energy is a positive step forward in creating recycled plastics by utilizing their patented technology, thermal anaerobic conversion.