Announcements of investment and partnerships from several plastic producers, energy companies, major consumer brand owners and recycling technology companies have accelerated just within the past six months as media coverage of growing global plastic waste problems intensify at the same time that regulatory proposals to ban single-use plastic products have increased worldwide.
Chemical recycling, which typically includes pyrolysis and depolymerisation, is becoming the focus of more attention for investments and partnerships as it is reportedly more in line with the principles of a circular economy compared to upcycling or mechanical recycling. Chemical recycling is described by some experts as any reprocessing technology using chemical agents or processes that directly affect either the formulation of the plastic or the polymer itself. Chemical recycling could address some limitations present in mechanical recycling such as the mixing, contamination and degradation of polymers.
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