Italian chemical company Versalis, a subsidiary of energy giant Eni, and engineering company, Servizi di Ricerche e Sviluppo (S.R.S.) has launched a new project. HoopTM is focused on the development of a new technology that will chemically recycle plastic waste.
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S.R.S. owns a pyrolysis technology that will be further developed to transform mixed plastic waste, which cannot be mechanically recycled, into raw material in order to produce new virgin polymers.
Versalis says it intends to leverage its technological and industrial expertise to build a first plant with a capacity of 6,000 tonnes per year at its site in Mantova, Italy, with a view to progressively scaling up, starting at its sites in Italy.
“This project confirms Versalis’ strategy to develop a chemical recycling technology that complements mechanical recycling technology, which the company is already engaged in, with the goal to give new life to plastic waste,” said Daniele Ferrari, Versalis’ CEO.
“The HoopTM project aims to create a theoretically endless plastic recycling process, producing new virgin polymers suitable for all applications and that are identical to polymers that come from fossil raw materials.”
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