Plastic Energy provides a solution to the global plastic waste problem and is paving the way as one of the world leaders in chemical recycling end-of-life plastics. Plastic Energy uses its patented TAC™ technology to transform plastic waste that is difficult or unable to be mechanically recycled, such as flexibles and films, diverting it from landfill and incineration. Recycled oils from its process (called TACOIL™) are used as a replacement for fossil oils, in the production of virgin-quality food-grade plastics, contributing to the circular economy.
With two industrial recycling plants currently in operation in Spain, Plastic Energy has been developing its TAC™ technology and the chemical recycling industry for over a decade. They have announced multiple large-scale projects in Europe, the US and Asia, and have one plant currently under construction in the Netherlands, and two plants under construction in France. Plastic Energy's process has moved beyond the proof-of-concept stage, and through collaboration with its value-chain partners, food-grade packaging made from TACOIL™ has been commercialised on the European market. There are currently more than 10 everyday products made from recycled polymers from Plastic Energy's TACOIL™, including Magnum ice cream tubs and Vinventions wine closures.