ROTTERDAM, NETHERLANDS: A consortium of companies including Air Liquide SA, AkzoNobel Speciality Chemicals, Enerkem and the Port of Rotterdam has signed a project development agreement covering initial investments in an advanced waste-to-chemistry facility in Rotterdam.
The facility will be the first of its kind in Europe to provide a sustainable alternative solution for non-recyclable wastes, converting waste plastics and other mixed wastes into new raw materials.
The initial investments, which cover detailed engineering, the setup up of a dedicated joint venture and completing the permitting process, will be worth €9 million. The consortium aims to take the final investment decision (FID) for the estimated €200-million project later in 2018 and has appointed Dutch Rabobank as the lead advisor for the financing process.
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