Chemical recycling is a complementary process to traditional mechanical recycling. It enables plastic waste that is unfit for mechanical recycling to be recovered and turned into valuable raw materials for the chemical industry, an alternative to fossil fuel-based feedstock.
The agreement with Vitol helps Braskem increase the circularity of its products around the world. It is part of the Wenew ecosystem, a concept that represents and consolidates Braskem's efforts in the circular economy on four pillars - products, education, technology, and circular design. The initiative has a significant impact on the company's growth strategy and the achievement of plastic waste reduction targets. By 2030, Braskem plans to sell 1 million tons of products with recycled material and recover 1.5 million tons of plastic from the environment.
"The circular economy is an objective linked to Braskem's business strategy. Adopting initiatives that include plastic waste recovery, and mechanical, and chemical recycling in our production processes is connected to our company's purpose to provide a more circular and sustainable future. We believe that Vitol's infrastructure and expertise combined with WPU's plastic waste recycling technology will enable Braskem to take an important step towards developing sustainable solutions for our clients", said
Global Head of Naphtha trading at Vitol,
For Niels Stielund, chairman of the board at WPU -
About Vitol
Vitol is a leader in the energy sector with a presence across the spectrum: from oil to power, renewables, and carbon. Vitol trades 7.4 million barrels per day of crude oil and products, and charters around 6,000 sea voyages every year.
Vitol's counterparties include national oil companies, multinationals, leading industrial companies, and utilities. Founded in
About WPU
WPU - Waste Plastic Upcycling was founded in 2019 and is based in
WPU utilizes a proprietary batch technology. It is extremely tolerant and can handle various types of plastic. It has an indiscriminate intake of polluted plastic waste. Almost no sorting of the plastic waste is needed before the pyrolysis process.
Only ISCC-certified end-of-life plastic is processed to ensure the highest degree of sustainability possible. Circularity in the pyrolysis process is ensured by using gas from the production to keep the reactors running.
.
(C) 2023 M2 COMMUNICATIONS, source