ExxonMobil Collaborates with Plastic Energy on advanced recycling project in France
Both companies have been developing plans since 2018 and a final investment decision is expected in mid-2021, with start-up anticipated in 2023. The new plant will convert difficult-to-recycle mixed plastic waste into raw materials that can be transformed into certified circular polymers and other high-value products at ExxonMobil’s petrochemical complex. The project has received financial support from the French government.
Plastic Energy is a global leader in advanced recycling, specialising in recycling end-of-life plastics that would otherwise be destined for landfill, incineration or end up in the environment. It will build, own and operate an advanced recycling plant adjacent to ExxonMobil’s Notre Dame de Gravenchon petrochemical complex in France.
“Our plans with Plastic Energy demonstrate how industry, government and consumers can work together to build a more circular system to capture value from post-use plastic,” said Karen McKee, president of ExxonMobil Chemical Company. “We’re well-positioned to add value through our expertise in plastic manufacturing and high-performance products to help advance projects like this, which deliver sustainable solutions at scale.”