SUEZ and Loop Industries have announced plans to build a chemical recycling plant in Europe that will focus on producing PET.
The partnership will use SUEZ’s resource management expertise with Loop Industries’ technology that produces virgin quality, 100% recycled and infinitely recyclable plastic.
Based in an unnamed location in Europe, the Infinite Loop facility will be the largest PET plant in the world with the potential to produce 4.2 billion food grade beverage bottles made from 100% recycled PET plastic annually.
SUEZ group senior executive vice president – France Region and chief operations officer Jean-Marc Boursier said: “SUEZ has been involved for more than 10 years in mechanical plastic recycling, while investing constantly in research and innovation.
“In 2019, we processed 450,000 tonnes of plastics across Europe and produced 150,000 tonnes of recycled plastics.
“Highly convinced by the complementarity between mechanical and chemical recycling solutions, we are thrilled to be part of this innovative project with Loop Industries as it will expand our offer and our solutions improving the economic and environmental performance of our industrial customers, but also contributing to a sustainable resource management.”
Loop Industries founder and chief executive Daniel Solomita added: “Europe is leading the charge against petroleum-based plastics: through tougher regulations and taxes, they are setting a global example on transitioning to a more circular economy.
“The Infinite Loop technology creates the infrastructure countries need to be able to eliminate plastic waste and increase recycling rates.
“Loop’s expansion is tailored to our customers’ needs allowing them to meet and exceed their ambitious targets for recycled content in their packaging, but also to have the ability to recycle their packaging infinitely, without having to compromise quality.”