Viridor backs chemical recycling of plastic with proposed acquisition of Quantafuel ASA
28th February 2023 | 3 mins
- Quantafuel’s Plastics-to-Liquids (PtL) pyrolysis technology transforms hard-to-recycle polymers back to its base molecules for new plastics production, replacing fossil based virgin materials
- C. £90m Proposed acquisition is key part of Viridor’s commitment to achieve complete plastic circularity by 2025
- Process provides a viable, sustainable route to creating recycled film plastics that meet required standards in the food industry
- Diversion of plastics away from Energy from Waste will drive decarbonisation of residual waste stream as plastic packaging accounts for 70% of EfW fossil carbon footprint