Italian chemical recovery company Garbo has signed a deal with engineering firm Saipem to built the first plastic chemical recycling plant in Italy.
The first industrial facility will be built in Cerano but both companies will work together to industrialise, develop and market the Chempet technology developed by Garbo.
This Chempet technology depolymerises the PET-based feedstock allowing it to be turned into high-quality PET for the chemical and food industry.
Garbo chief executive Guido Fragiacomo said: “This agreement allows Chempet to consolidate its industrial leadership in chemical recycling through the immediate industrialization of a 45,000 tonnes per year plant and the development of technology licensing on a global scale.
“Chempet technology is born from Garbo’s more than twenty years of expertise and R&D investments in the recovery processes of industrial chemical by-products and waste.”