Dow and Fuenix enter into a partnership for the production of 100% circular plastic
August 29 2019 - 8:00AM
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 recycled plastic waste.
The feedstock will be used to produce new polymers at Dow’s
production facilities at Terneuzen, The Netherlands.
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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.
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Judith Hicks (Dow) +41 44 728 2319 jchicks@dow.com
Annemieke Nol (Fuenix) +31 6 25 19 67 89
Annemieke.Nol@hkstrategies.com
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