Chemical Recycling Crisis Deepens in Europe
Europe’s chemical recycling sector is coming under increasing pressure as projects are being delayed, closed or reconsidered amid weak economics, regulatory uncertainty and difficult market conditions.
Recent developments include:
- Viridor / Quantafuel closing chemical recycling operations in Oslo, Skive and Malmö after concluding that the business was not commercially viable.
- Plastic Energy entering administration in the UK, creating uncertainty around several projects and partnerships.
- Mura Technology / Dow facing setbacks in Germany after Dow decided to close its Böhlen steam cracker, undermining the economics of the planned recycling project.
- ExxonMobil pausing planned chemical recycling investments in Europe amid disagreement over EU rules on recycled-content accounting.
The setbacks raise further questions about whether pyrolysis-based chemical recycling can achieve the scale, economics and environmental performance long promised by the plastics industry.
Source
https://viridor.co.uk/news-and-insights/viridor-to-close-european-chemical-recycling-operations/