Chemicals and plastic resins producer NOVA Chemicals has partnered with waste to renewable fuels and chemicals producer Enerkem to find a new way to recycle plastic waste.
The two companies have entered a joint development agreement.
As part of this agreement, the parties will conduct research on advanced recycling technology for hard-to-recycle municipal waste.
The aim is to produce ethylene at full commercial scale using waste such as plastics, household waste, and construction materials.
NOVA Chemicals president and CEO Todd Karran said: “We are excited to work with Enerkem to create innovative, sustainable solutions for a plastics circular economy.
“Our R&D teams will collaborate to develop game-changing technology to push the boundaries for recycling waste to create new feedstocks and bring value to the environment, economy and society.
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By GlobalDataNOVA Chemicals has pledged to make 100% of plastics packaging re-used, recycled or recovered by 2040.
It also remains committed to achieving 100% plastics packaging that is recyclable or recoverable by 2030.
Karran added: “This research is one of the ways NOVA Chemicals is innovating to recapture the value of plastic products and create a world free of plastic waste. Working together, we can shape a world that is better tomorrow than it is today.”
Headquartered in Montréal, Québec, Canada, Enerkem produces renewable methanol and ethanol from non-recyclable, non-compostable municipal solid waste at full commercial scale.
Enerkem CEO and CFO Dominique Boies said: “We are delighted to team up with NOVA Chemicals to collaborate on new technology for waste-to-ethylene feedstock to solve one of the world’s most pressing environmental issues.”