Episode 997: Think Tank: Chemical recycling under threat, needs more investment

The chemical recycling sector is being undermined by rising costs, lack of feedstocks and unsupportive regulation; more investment is needed to secure its future. -          Current recycling rates only 10% or less-          Chemical recycling is not yet recognized by EU-          Only 120,000 tonnes/year chemical recycling capacity operating in Europe-          By 2028 it could exceed 600,000 tonnes/year based on final investment decisions (FID)-          If pre-FID capacities are approved total could reach more than 2.8m tonnes/year-          Higher energy prices are jeopardising project economics-          Feedstock availability a challenge-          Many projects now being delayed-          Projects starved of cash are going into administration-          Ambitious EU recycling targets require massive investment in collection, sorting, processing