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Saudi Basic Industries Corporation’s (SABIC) first commercial advanced recycling unit in Geleen, The Netherlands, is in the final stages of construction, with the delivery of the first circular polymers expected by the second half of 2023.
The recycling unit has a potential capacity to process around 200,000 tonnes of circular materials per year, the petrochemicals major said in a statement published on the Saudi stock exchange.
SABIC unveiled a target of one million metric tonnes of TRUCIRCLE solutions by 2030, part of its ongoing commitment to sustainability and innovation, said Acting Chief Executive Officer Abdulrahman Al-Fageeh.
TRUCIRCLE is a set of solutions launched to give value chain partners access to more sustainable materials. Its portfolio includes certified circular products, certified bio-based products based on certified second and third-generation renewable feedstock, mechanical recycled polymers, ocean and ocean-bound solutions.
The statement noted that the company is exploring a new world-scale commercial advanced recycling investment and other projects, such as a small-scale advanced recycling plant in Saudi Arabia.
(Writing by D Madhura; Editing by Anoop Menon)
