INEOS partners with Forever Plast to recycle over 6.5 billion bottle caps
INEOS Olefins & Polymers announced a partnership with Forever Plast SpA, a leading polymer recycling technologies operator in Italy. Together they have developed a range of new polyethylene grades that mirror INEOS virgin grades and fit injection moulding and compression moulding machines.
The new Recycl-IN products take Post Consumer Recyclate (PCR) from used bottle caps and carefully blend them with highly engineered virgin polymer to create new high-quality caps.
Over the next five years an incredible 6.5 billion bottle caps will be diverted from the waste stream to be recycled. For a while PET bottles have been increasingly recycled, and this is one of the first circular developments to tackle the caps.
The partnership of INEOS and Forever Plast is one of the first circular developments to tackle the bottle caps.
As part of its ongoing drive to support a more circular economy and significantly increase plastics recycling, INEOS is expanding its range of Recycl-IN polymers into the polyethylene non-food caps market.
Iain Hogan, CEO INEOS Olefins and Polymers said: “Recycling 6.5 billion caps from bottles is an incredible achievement. We are providing real commercial solutions today for our customers, moving to a more circular approach to plastics, giving waste plastic a value and preventing it from ending up in the environment.”
This development is part of INEOS’s ongoing research and development program to move to a more circular approach to plastic production to support customers globally.
