The European Commission (EC) has approved a French State aid scheme to boost the chemical recycling of certain types of plastic waste. The EC hopes that the €500 million (US$516 million) scheme to convert mixed or contaminated plastic waste back into “virgin-like” raw materials will help meet its 2024–2029 priorities “for a more circular and resilient economy.”The French scheme aims to boost investment in the chemical recycling of plastic trays, films, non-beverage bottles, and textile materials with some polyester content.
