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Chemical recycling of plastics refers to a set of advanced recycling processes that break down plastic polymers into their constituent monomers or other valuable chemicals, which can then be used to produce new polymers or as raw materials in other chemical processes. Unlike mechanical recycling, which physically remelts and reprocesses plastic waste, chemical recycling can potentially handle a broader range of polymer types, including contaminated or mixed plastics that are typically non-recyclable through conventional means. Methods include pyrolysis, depolymerization, and gasification, each differing in process mechanism and suitable feedstock. Chemical recycling is viewed as a complementary technology to traditional recycling methods, aimed at achieving a circular economy for plastics and reducing reliance on virgin resources.
Several companies have emerged as key players in the chemical recycling market, innovating and commercializing technologies to address the challenge of plastic waste. Notable among these are Agilyx, which focuses on converting mixed plastic waste into synthetic crude oil; Loop Industries, specializing in depolymerization technologies that enable the creation of high-purity PET from a variety of plastic streams; and Carbios, which has developed enzymatic recycling processes for PET plastics. Other companies, such as Plastic Energy and Renewology, are contributing to the field with proprietary thermal and catalytic chemical recycling processes. These enterprises are part of a growing industrial sector that collaborates with petrochemical companies, waste management services, and consumer goods manufacturers to advance sustainable plastic recycling solutions. Show Less Read more