Energy, Oil & Gas Magazine Issue 220 May 2024 | Page 56

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“ Over the past 12 months ,” begins Tim , “ there have been two significant highlights within the business . The first is the acquisition of Quantafuel , a chemical recycling business headquartered in Norway . This acquisition reflects Viridor ’ s ambition to lead innovation in the plastics recycling sector and deliver full circularity in all four major plastics by 2025 . This is an important step for us in terms of our ESG strategy . Taking plastic packaging out of the waste stream is incredibly important for decarbonization . As a business , while we operate mechanical recycling facilities , and reprocess plastic back into raw material , we were experiencing a couple of shortfalls . One was that plastic film cannot readily be recycled in those facilities and the second is that there was no viable route to take three of the four major plastics back to food contact grade .
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“ The chemical recycling process at Quantafuel , however , can do both of those things . Quantafuel ’ s plastics to liquids process converts waste plastics into a raw material , comparable to virgin fossil oil

Transporting bulk liquids , compressed liquid gases

and powders across the UK

Proud partners of
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