(Business Wire) MIDLAND, Mich. & WEERT, The Netherlands--(BUSINESS WIRE)--Dow (NYSE: DOW) today announced an agreement with the Fuenix Ecogy Group, based in Weert, The Netherlands, for the supply of pyrolysis oil feedstock, which is made from plastic waste. The feedstock will be used to produce new polymers at Dow’s production facilities at Terneuzen, The Netherlands.
This agreement marks an important step forward to increase feedstock recycling – the process of breaking down mixed waste plastics into their original form to manufacture new virgin polymers. The polymers produced from this pyrolysis oil will be identical to products produced from traditional feedstocks, and as such, they can be used in the same applications, including food packaging.
This agreement is an example of Dow’s strategy to enable a shift to a circular economy for plastics by focusing on resource efficiency and integrating recycled content and renewable feedstocks into its production processes. By doing so, post-consumer plastics will continue to have value through an extended lifespan. This agreement also contributes to Dow’s commitment to incorporate at least 100,000 tonnes of recycled plastics in its product offerings sold in the European Union by 2025.
“We believe plastics are too valuable to be lost as waste and should be part of the circular economy,” said Diego Donoso, business president for Dow Packaging & Specialty Plastics. “With partners in South America, we have supported the development of construction materials made with recycled plastics for schools, and in Southeast Asia, Mexico and the United States, we have built roads made with recycled plastics. This partnership with Fuenix is an important next step in moving us closer to the future we envision, which is the sustainable production of circular polymers.”
Sirt Mellema, CEO Fuenix commented: “This partnership offers us the opportunity to scale up our technology. Our ambition is to ensure the value of plastic waste is fully used to create new, circular plastic while significantly reducing the global use of virgin raw materials and CO2 emissions. We are excited to be working with Dow on this initiative and look forward to playing our part in helping to produce more sustainable materials.”
Dow will be showcasing their recycling portfolio at K 2019, the world’s largest plastics and rubber trade fair from 16-23 October in Dusseldorf, Germany.
About Dow
Dow (NYSE: DOW) combines one of the broadest technology sets in the industry with asset integration, focused innovation and global scale to achieve profitable growth and become the most innovative, customer centric, inclusive and sustainable materials science company. Dow’s portfolio of performance materials, industrial intermediates and plastics businesses delivers a broad range of differentiated science-based products and solutions for our customers in high-growth segments, such as packaging, infrastructure and consumer care. Dow operates 113 manufacturing sites in 31 countries and employs approximately 37,000 people. Dow delivered pro forma sales of approximately $50 billion in 2018. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
About Fuenix
Fuenix is an innovative company that converts plastic waste to its original form: oil. Fuenix gives plastic waste a whole new life as a raw material for new plastic. Fuenix Ecogy Group has developed the unique hybrid Fuenix Ecogy® technology to process ‘end of life’ sorted post-consumer packaging material (mixed waste plastics) into premium circular feedstocks (naphtha, paraffin and LPG). The unique advantage of the Fuenix Ecogy® technology is that out of every kilo of plastic, 70% can be transformed into new plastic with half the CO2 emissions.