Axens to begin licensing Plastic Energy’s TAC process for advanced plastic recycling
Plastic Energy’s advanced recycling technology will now be licensed by Axens. Axens will provide its customers with associated services that includes basic engineering, supply of proprietary equipment, and technical assistance for start-up and operation of the plant, leveraging the expertise of Plastic Energy at each step. Axens may also deliver the licensed technology as a complete modular unit.
Plastic Energy’s TAC process for plastic waste is a unique, patented and industrially proven advanced recycling technology, processing end-of-life mixed plastic waste into TACOIL™, which can be used to create virgin-quality plastics. Plastic Energy and Axens are the exclusive licensors of the TAC process.
Axens can license Plastic Energy’s recycling technology either independently or combined with its Rewind® Mix purification process.
This is a major milestone in the cooperation between Plastic Energy and Axens, allowing Axens to now deploy Plastic Energy’s recycling technology worldwide, answering the strong demand of the market for robust and proven technological solutions to industrially develop advanced recycling of mixed plastics waste.
We are delighted to be able to move to the next phase of our strategic partnership with Axens in the licensing of our unique and patented advanced recycling technology. This will provide endless opportunities worldwide to recycle more plastic waste and to provide more food-grade post-consumer recycled content to the marketplace for incorporation into products and packaging.
About Plastic Energy
Plastic Energy is a global leader in chemical recycling, offering a sustainable solution to help prevent plastic waste, transforming previously unrecyclable plastic waste into a valuable resource. Its patented and proven chemical recycling technology converts end-of-life plastic waste into an optimal feedstock (TACOIL™) for making virgin-quality recycled plastics. Plastic Energy currently has two chemical recycling plants that are in constant operation in Spain and is one of the few companies worldwide that has sold TACOIL™ from the conversion of end-of-life plastic waste to replace fossil oils in the manufacturing of new plastics. Plastic Energy is leading its field in the transition to a low-carbon circular economy for plastics.
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Axens group provides a complete range of solutions for the conversion of oil and biomass to cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics and all natural gas treatment and conversion options. The offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility study to unit start-up and follow-up throughout the entire unit life cycle. This unique position ensures the highest level of performance with a reduced environmental footprint. Axens global offer is based on highly trained human resources, modern production facilities and an extended global network for industrial, technical supports & commercial services. Axens is an IFP Group company. Axens’ ambition is to develop and propose an extended portfolio of advanced plastics chemical recycling technologies in order to complement mechanical recycling and meet the ambitious targets of the plastic circular economy.
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