ICIS launches global database of chemical recycling projects
- 01/11/2021
Targets set by brand-owners and regulators have been contributing to a growing demand for recycled plastics globally, particularly for use in food and beverage packaging. However, supply of high-quality food grade recycled polymer material remains limited.
To assist the industry in effectively securing supply of recycled resins suitable for these applications, ICIS has announced the release of the ‘Recycling Supply Tracker – Chemical’ which provides FMCGs, chemical producers, large converters and retailers with a comprehensive view of the emerging chemical recycling market.
Many industry players have public sustainability targets and need to understand the capacities in the market to ensure they can source the necessary materials to meet these. As of 2021, the global installed capacity for chemical recycling is under 2.5 million t, including both commercial and pre-commercial facilities with Asia Pacific and North America as the leading regions. The ICIS Recycling Supply Tracker – Chemical will provide up to date data including installed capacity, output volume, process, and feedstock, as well as details about the licensor and investors.
Source: hydrocarbonengineering.com
