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Argaam Tools ×
Recycling Plant- Netherlands
Overview
The project is joint venture between Saudi Basic Industries Corp. (SABIC) and Plastic Energy Co. to develop a plant to produce feedstock Tacoil, which will be produced from the recycling of plastic waste With a production capacity of 18 thousand tons per year,
Plastic Energy Co. will supply the feedstock to support SABIC’s petrochemical operations.
The first plant of its kind in the Netherlands will use special technology to melt plastic in an oxygen free environment and then broken down into synthetic oils to be refined and upgraded as feedstock for traditional petrochemical uses.
Project Information
- Oil & Gas > Petrochemicals
- SABIC and Plastic Energy each own 50% of the project.
- The company announced plans to commence construction of the first commercial unit to produce certified circular polymers. The unit was expected to be operational in H2 2022, but no developments have yet been announced.
-
In 2022 board report, the company revealed that it plans to commence the plant’s operations in 2023.
-
On January 19, 2023, the company announced that deliveries of first circular polymers are expected in 2023.
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Project Developments
Top Saudi projects, expansions to watch in 2021Argaam Special11/01/2021
A look at SABIC's key projects inside, outside Saudi ArabiaArgaam Special15/04/2024
Overview of key delayed projects, expansions of Saudi-listed firms in 2022Argaam Special03/01/2023
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