{"id":3808,"date":"2020-02-28T12:02:06","date_gmt":"2020-02-28T12:02:06","guid":{"rendered":"https:\/\/plasticenergy.com\/?p=3808"},"modified":"2023-06-12T17:23:41","modified_gmt":"2023-06-12T17:23:41","slug":"world-economic-forum-2020-sabic-is-collaborating-with-plastic-energy-on-the-chemical-recycling-of-plastics-as-part-of-their-trucircle-portfolio-of-solutions","status":"publish","type":"post","link":"https:\/\/plasticenergy.com\/world-economic-forum-2020-sabic-is-collaborating-with-plastic-energy-on-the-chemical-recycling-of-plastics-as-part-of-their-trucircle-portfolio-of-solutions\/","title":{"rendered":"World Economic Forum 2020: SABIC is collaborating with PLASTIC ENERGY on the chemical recycling of plastics, as part of their TRUCIRCLE portfolio of solutions"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">PRESS RELEASE<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">DAVOS, SWITZERLAND, 23 JANUARY 2020<\/span><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>SABIC REVEALS PLANS FOR TRUCIRCLE\u2122 SOLUTIONS TO CLOSE THE PLASTICS LOOP IN 2020<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>SABIC reveals its intentions at World Economic Forum, Davos, for TRUCIRCLE\u2122 solutions to drive to close the plastics loop in 2020\u00a0<\/b><\/li>\n<\/ul>\n<ul>\n<li>TRUCIRCLE\u2122 circular solutions and global collaborations demonstrate commitment and further progress towards closing the loop<\/li>\n<\/ul>\n<ul>\n<li>New collaborations take the organisation ever closer to bringing its new semi-commercial plant online, which is expected to be operational in 2021<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC, a global leader in the chemical industry, has revealed its intentions for TRUCIRCLE\u2122 solutions to drive to close the loop on plastics waste in 2020, together with global collaborators.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Ambitions were shared during a reception, hosted by SABIC Vice Chairman &amp; CEO, Yousef bin Abdullah Al-Benyan, during the 2020 World Economic Forum (WEF) in Davos, Switzerland. Business representatives came together at the iconic, energy-efficient, quick to construct and reusable ICEHOUSE\u2122 building, constructed using SABIC materials. The ICEHOUSE\u2122 with ICE standing for \u201cInnovation for the Circular Economy\u201d, was a fitting venue for the occasion, underlining a key strategic sustainability priority for SABIC.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Closed loop recycling of plastic will see post-consumer plastic waste collected, recycled and used to make new products. For this vision to actually work, consumers, retailers, recyclers and manufacturers must work together to reclaim valuable materials from our waste stream and process them to make new products. This process requires a total transformation of the value chain, which SABIC has been working hard with its downstream and upstream collaborators to achieve.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC has driven significant advancements to date and is leading the way in the drive to close the loop through alliances with partners, customers and collaborators across the value chain. During the past 12 months, SABIC customers and brandowners, such as Unilever and Tupperware Brands,\u00a0 have pioneered and brought to market an array of commercially viable and highly anticipated consumer products which leverage SABIC\u2019s ground-breaking TRUCIRCLE\u2122 solutions made possible by a collaboration with UK-based Plastic Energy Ltd. which enables the recycling of plastic waste which has historically been classified as non-recyclable.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC developments have led to the launch of TRUCIRCLE\u2122, a complete portfolio of solutions that span design for recyclability, mechanically recycled products, certified circular products from feedstock recycling of plastic waste streams and certified renewables products from bio-based feedstock. Since the launch in late 2019, TRUCIRCLE\u2122 has received unprecedented demand from businesses looking for commercially and environmentally viable solutions which help to address the plastic waste challenge.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Mark Vester, Circular Economy Leader at SABIC, said: \u2018At SABIC, we firmly believe that true collaboration and innovation will drive positive change, and we\u2019ve collaborated with a wide range of companies across the value chain to get to where we are today. With our TRUCIRCLE\u2122 initiative, we\u2019re more committed than ever to building a circular economy and closing the loop on plastic waste in 2020.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u20182020 will see us forge bold, new collaborations with high calibre partners\u00a0 in order to create a circular, transparent and sustainable economy for plastics, and we invite players from across the value chain to join us to truly transform our world.\u2019<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC has also confirmed new collaborations to take the organisation ever closer to bringing its new semi-commercial plant online. The new facility in the Netherlands, located at SABIC\u2019s Geleen site, will increase the production of pyrolysis oil from plastic waste, and is expected to be operational by 2021. Certified circular polymers will be produced from a feedstock known as Tacoil \u2013 a patented product from UK-based Plastic Energy Ltd. \u2013 from the recycling of low quality, mixed plastic waste otherwise destined for incineration or landfill.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">With new agreements established recently, Danish company, Haldor Tops\u00f8e, will provide license and basic engineering for a novel hydrotreating solution, and Renewi, a leading waste to product company, will build a dedicated formulation line that will supply feedstock from mixed plastic waste for the pyrolysis process.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The output from the site will initially provide materials for SABIC\u2019s downstream collaborators but the long term intention is to rapidly scale up the supply of its certified circular polymers for all global customers.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">As part of its commitment to closing the loop, SABIC became a founding member of the World Plastics Council and the Alliance to End Plastic Waste and a partner of The Ocean Clean-Up. Each initiative aims to prevent plastic waste from reaching marine environments and ecosystems or to remove them. The organisation also sees each of its TRUCIRCLE\u2122 solutions as a firm contribution to its efforts to meet the UN Sustainable Development Goals.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC\u2019s commitment to using more plastic waste as feedstock for its circular polymers runs parallel to its 2020 ambition to increase the uptake of recycled plastic from mechanical recycling. SABIC is determined to increase the amount of plastic it processes in Europe to 200.000 metric tons by 2025, in line with its pledge to the EU Commission.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">ENDS<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">NOTES TO EDITORS<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SABIC and brands marked with \u2122 are trademarks of SABIC or its subsidiaries or affiliates.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">High-resolution photos are available upon request.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SABIC should be written in every instance in all uppercase.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a9 2020 Saudi Basic Industries Corporation (SABIC). All Rights Reserved.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Any brands, products or services of other companies referenced in this document are the trademarks, service marks and\/or trade names of their respective holders.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">ABOUT SABIC<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high-performance plastics, agri-nutrients and metals.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">We support our customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">We support our customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC recorded a net profit of US$ 5.7 billion in 2018. Sales revenues for 2018 totaled US$ 45 billion while total assets stood at US$ 85 billion. Production in 2018 was 75.3 million metric tons.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SABIC has more than 33,000 employees worldwide and operates in around 50 countries. Fostering innovation and a spirit of ingenuity, we have 11,738 global patent filings, and have significant research resources with innovation hubs in five key geographies \u2013 USA, Europe, Middle East, South Asia and North Asia.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>SABIC Media Contacts<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Lindsay Clarkmead<\/span><\/p>\n<p><span style=\"font-weight: 400;\">E: <\/span><a href=\"mailto:lindsay.clarkmead@sabic.com\"><span style=\"font-weight: 400;\">lindsay.clarkmead@sabic.com<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">T: +34 968 127 740<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Marketing Solutions<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kevin Noels<\/span><\/p>\n<p><span style=\"font-weight: 400;\">E: <\/span><a href=\"mailto:knoels@marketing-solutions.com\"><span style=\"font-weight: 400;\">knoels@marketing-solutions.com<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">T: +32 3 31 30 311<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This press release and relevant photography can be downloaded from <\/span><a href=\"http:\/\/www.pressreleasefinder.com\"><span style=\"font-weight: 400;\">www.PressReleaseFinder.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Alternatively for very high resolution pictures please contact:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kevin Noels (<\/span><a href=\"mailto:knoels@marketing-solutions.com\"><span style=\"font-weight: 400;\">knoels@marketing-solutions.com<\/span><\/a><span style=\"font-weight: 400;\">, +32 3 31 30 311).<\/span>[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text] PRESS RELEASE DAVOS, SWITZERLAND, 23 JANUARY 2020 SABIC REVEALS&#8230;<\/p>\n","protected":false},"author":4,"featured_media":3809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3808","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-media"},"acf":[],"_links":{"self":[{"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/posts\/3808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/comments?post=3808"}],"version-history":[{"count":1,"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/posts\/3808\/revisions"}],"predecessor-version":[{"id":3810,"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/posts\/3808\/revisions\/3810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/media\/3809"}],"wp:attachment":[{"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/media?parent=3808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/categories?post=3808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plasticenergy.com\/wp-json\/wp\/v2\/tags?post=3808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}