20 May 2020 --- UK waste management specialist Viridor and chemical recycling pioneers PLASTIC ENERGY have signed a Memorandum of Understanding (MoU) on a feasibility project to convert hard-to-recycle plastics such as films into recycled oils (TACOIL). The recycled oils would be used as a feedstock to create virgin-quality food-grade plastic material while the process would enable PLASTIC ENERGY to generate low-carbon electricity as a fuel source. The commenced feasibility work would seek to return up to 30,000 tons of previously unrecyclable plastic to the economy every year. If successful, the project is expected to be finalized by the end of 2023.
