It is reported that the project is developed by the Dutch company Bin2Barrel. The factory is expected to be put into operation by the end of this year, when the plastics processed will reduce carbon dioxide emissions by 57,000 tons per year.
The new IGES Amsterdam plant began construction on June 15, 2018. The project was supported by the Dutch government, which has just added chemical recycling to the national waste management plan.
The project aims to convert man-made materials that were previously unusable into recyclable resources while providing a more sustainable fuel option based on traditional transportation fuels. The ultimate goal is to achieve chemical recovery.
Bin2Barrel's first plant received nearly 28 million euros of investment, converting 35,000 tons of plastic per year to more than 30 million liters of fuel. The energy converted by this method will be more than twice as much as the original direct burning of plastic.
Although the fuel produced can be used in other fields, Bin2Barrel prefers to focus on the marine market. Roon van Maanen, head of the recycling and renewable energy industry in Amsterdam, said, 'The massive use of plastics and the lack of proper handling of plastics have caused the world. Serious pollution of the sex. Bin2Barrel introduces innovative and much-needed technology, allowing us to follow the current trend of recycling technology in a very meaningful way.