Loop Industries to build recycling plant in Normandy
Canadian chemical recycling specialist Loop Industries has selected a site in France for its first European processing and manufacturing facility.
Loop Industries, a clean technology company, whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fibre, announced the selection of the site for its first European Infinite Loop manufacturing facility.
Read more: An innovative solution to the problem of plastic waste
Loop and French environmental services group Suez have announced their intent to form a joint venture to build the first Infinite Loop manufacturing facility in Europe. The two companies have secured exclusive rights until June 2022 to purchase a 130,000 m² parcel of land in Port-Jérôme-sur-Seine, in the region of Normandy in Northern France.
The site is strategically located for waste plastic feedstock transportation via the Seine River from the Paris region and is well located to service the large French CPG brand companies.
The Infinite Loop manufacturing model is designed to produce 70,000 tonnes of PET resin made from 100% recycled content per year. The facility will provide an opportunity for global CPG brands based in France to accelerate the achievement of their sustainability objectives by gaining access to locally produced virgin-quality PET plastic and polyester fibre made entirely from waste material.
At full capacity, the facility is projected to save over 255,000 tonnes of CO2 annually, when compared to virgin PET resin made from fossil fuels.
The plant will be aligned with European plastic regulations and objectives, such as the EU’s plastic levy, which charges €800 per tonne of non-recyclable plastic waste, as well as France’s ambition to transition to 100% recyclable plastic by 2025.
The capital investment required for the project is expected to be €250 million and the project is expected to create 180 full-time manufacturing and engineering jobs.
Read more: New project could recycle 10kg of PPE per hour
The next major steps for the project include permitting, finalising customer off-take agreements and financing, including support from the French government.
Following the completion of permitting, construction of the facility is expected to begin in 2023, with commissioning approximately 18 months later.
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