Biotrend is developing an advanced plastic recycling facility in Aliağa, İzmir, Türkiye. Credit: Biotrend.

US-based plastic waste solutions provider Freepoint Eco-Systems is to partner with Turkish waste management company Biotrend to develop advanced recycling projects that will divert end-of-life waste plastic from landfills and incineration.

The projects will transform waste plastic through chemical recycling into pyrolysis oil, a product used in the production of petrochemical products including resins used to make new plastic.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Biotrend is developing an advanced plastic recycling facility in Aliağa, İzmir, Türkiye with a processing capacity of 60,000 tons per year.

Freepoint Eco-Systems will contribute its focus on building, owning and operating large-scale advanced recycling facilities that convert waste plastic into pyrolysis oil.

The strategic partnership will also develop projects in Turkey, the Balkans and Central Asia, targeting a total production capacity capable of recycling 250,000 tons of waste plastic annually.

After satisfactory completion of due diligence, Freepoint Eco-Systems would purchase approximately 10% of Biotrend’s shares through a private placement involving an investment by Freepoint in newly issued shares.

Proceeds from Biotrend’s capital increase would then be used to develop and fund advanced recycling facilities including the Aliağa facility.

Biotrend CEO Özgür Umut Eroğlu commented: “This strategic partnership strengthens Biotrend’s leadership in plastic recycling and fosters a more sustainable future.”

Freepoint Eco-Systems president Oscar Gutierrez added: “The expansion of our advanced recycling footprint into Turkey, the Balkans and Central Asia represents an important step forward in our ongoing effort to help solve the plastic waste problem on a global basis.”

In May 2024, Freepoint Eco-Systems collaborated with Dow on a feedstock agreement to procure 65,000 tonnes a year of circular feedstock.