(Alliance News) - Sustainable Ethical Recovery Spa announced Wednesday a contract with Dutch provider BlueAlp, founded in 2015.

The project involves the construction of an innovative industrial plant to recycle mixed plastic waste, such as polyolefin film fractions, through pyrolysis, which is the thermochemical decomposition process of plastic waste. "This gives new life to process waste that would have been used as fuel for waste-to-energy/cement plants or would have ended up in landfills," RES explains in a note.

The new production plant will employ about 20 workers and will be able to handle up to 20,000 tons per year of input material, with an expected production capacity of 15,000 tons per year of output material, a far greater yield than the original project presented to investors at the IPO.

The investment represents the third pillar of the company's industrial project announced at the IPO and positions RES among the most innovative companies in the Italian integrated waste system landscape, presiding over the sectors of collection, disposal, recovery, mechanical recycling, washing, granulation and now chemical recycling.

"With more than 10 years of presence in the market and a patented technology for the chemical recycling of plastics capable of transforming polyolefin plastic waste, which cannot be mechanically recycled, into high-quality pyrolytic oil to be re-inserted into the production cycle of new polymers, BlueAlp has demonstrated a solidity and technological maturity of the highest level in the field with the construction and commissioning of an industrial-scale plant in Belgium, in Ostend, for Renasci, among the pioneers of the circular economy in the country," the company points out in a note.

The plant in question has thousands of hours of operation under its belt and the production of thousands of tons of pyrolytic oil approved by leading chemical operators. BlueAlp has a continuous process, operates at low temperatures and offers the most economically attractive and sustainable technology on the market.

Leading international fuel&oil petrochemical players, such as Shell Group and Borealis, are part of the current ownership structure.

RES stock trades in the red by 2.5 percent at EUR5.85 per share.

By Chiara Bruschi, Alliance News reporter

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