Plastics recycler Interzero has signed a supply agreement with Eastman to provide up to 20,000 tonnes per year of hard-to-recycle PET to the latter’s molecular recycling plant in France.
Germany company Interzero is closely related to ALBA Group, both of which are led by chairman and shareholder Axel Schweitzer.
Once complete, Eastman’s facility in Normandy will be the world’s largest molecular recycling plant taking 160,000 tonnes of hard-to-recycle post-consumer polyester annually. It is expected to be operational by 2025.
Interzero Plastic Recycling chief commercial officer Jacco de Haas said: “Eastman is a leader in molecular recycling with decades of innovation expertise. Joining forces by combining the leading know how of Eastman and Interzero is the next step in closing the loop with our partners and a step closer towards a world without waste.
“The world is facing a plastic waste crisis with far too little plastic waste being recycled, either from lack of collection or because it simply cannot be recycled by traditional methods. Eastman’s innovative process and this agreement bring a solution to this.”
Eastman’s facility in France is expected to take coloured and opaque PET scrap and turn it into clear and transparent rPET through a chemical process.