Plastic Energy and Axens announce a strategic collaboration in the field of advanced recycling of plastic waste

London, 08 November 2021 –

The partners will provide customers with technical and business case studies, basic engineering, technical services, proprietary equipment, complete modular units and support to operations, leveraging Plastic Energy and Axens’ complementary operational, licensing and engineering skills.The partners will also be in position to propose and license a complete technological solution for the pyrolysis pathway, combining Plastic Energy’s recycling technology and the Axens Rewind® Mix process for the purification of plastics pyrolysis oil.

“We are extremely glad to announce our strategic partnership with Plastic Energy, a major milestone in Axens’ ambition to develop and propose an extended portfolio of advanced technologies for the plastic circular economy. Achieving a true circular economy of recycled polymers, including for food contact and health care grade, is a largely shared objective. We believe that Plastic Energy and Axens, together and leveraging our complementary operational and technological skills, can now offer a combination of proven technologies to make it possible,” said Jean Sentenac, Chairman and CEO of Axens.

“I am delighted to announce this collaboration agreement with solution-provider Axens to expand our patented and proven advanced recycling technology globally,” said Carlos Monreal, CEO of Plastic Energy. “The operational experience that Plastic Energy has gained over the last 5 years from our current recycling plants in Spain sets us apart in the market and will be invaluable to our new licensing customers. Through this partnership with Axens, we will be able to increase the amount of plastic waste that can be recycled and work towards a more circular economy for plastics.”

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About Plastic Energy

Plastic Energy is a global leader in chemical recycling, offering a sustainable solution to help prevent plastic pollution, transforming previously unrecyclable plastic waste into a valuable resource. Our patented and proven chemical recycling technology converts end-of-life plastic waste into an optimal feedstock (TACOIL) for making virgin-quality recycled plastics. Plastic Energy currently has two chemical recycling plants that are in constant operation in Spain and is one of the few companies worldwide that has sold TACOIL from the conversion of end-of-life plastic waste to replace fossil oils in the manufacturing of new plastics. We are leading our field in the transition to a low-carbon circular economy for plastics.

Learn more on our website, and follow us on Twitter and Linkedin.

Press inquiries: press@plasticenergy.com or +44 7557 969966

About Axens

Axens is a group providing a complete range of solutions for the conversion of oil and biomass to cleaner fuels, the production and purification of major petrochemical intermediates as well as all of natural gas’ treatment and conversion options. The offer includes technologies, equipment, furnaces, modular units, catalysts, absorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility study to unit start-up and follow-up throughout the entire unit cycle life. This unique position ensures the highest level of performance with a reduced environmental footprint. Axens global offer is based on highly trained human resources, modern production facilities and an extended global network for industrial, technical supports & commercial services. Axens is an IFP Group company. Axens’ ambition is to develop and propose an extended portfolio of advanced plastics chemical recycling technologies in order to complement mechanical recycling and meet the ambitious targets of the plastic circular economy.

Learn more on our website, and follow us on Twitter and Linkedin.

Press inquiries: press@axens.net