In the context of chemicals, chemical recycling refers to a series of advanced processes that can convert waste plastics back into their original monomers or other useful chemicals, which can then be utilized to produce new polymers or different chemical products. Unlike mechanical recycling, which physically reprocesses materials, chemical recycling breaks down polymer chains, thus potentially allowing for the recycling of materials that are not suited for traditional recycling methods. The chemical recycling market encompasses various technologies including pyrolysis, gasification, and chemical depolymerization. These processes cater to the challenges posed by the heterogeneity and contamination of plastic waste. Demand for chemical recycling is driven by the need for more sustainable and circular approaches in the material life cycle, as well as tightening regulations pertaining to waste management and the reduction of landfill usage. Some key players in the chemical recycling market include Agilyx, Loop Industries, and Plastic Energy. Agilyx specializes in converting mixed plastic waste into synthetic crude oil. Loop Industries focuses on the depolymerization of PET plastics into their base monomers. Plastic Energy uses thermal anaerobic conversion to turn a wide range of plastic wastes into usable oil, dubbed "TACOIL," for creating new plastics. These companies, among others, are contributing to the gradual shift towards a more sustainable future in the production and reuse of plastic materials. Show Less Read more
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