Closed Circle Plastic Production
Dutch startup Fuenix has developed a method of turning ‘post-consumer’ plastic waste into oil and from there into brand new plastic and got chemical giant Dow interested to
scale up the process for prime time. Fuenix claims that they can achieve a conversion efficiency old plastic –> new plastic of 70%, eliminating half the carbon dioxide emissions that result from plastic production from oil. Dow’s goal: at minimum 100,000 metric ton of recycled plastic by 2025 in the EU.