Page 58 - Plastics News July 2026

BUSINESS NEWS

INEOS and Recuro Sign sMoU for Recycling fa- carbon from plastic waste by retaining both the
cility in Norway oil and gas fractions produced during recycling
for further use, rather than diverting them to en-
ergy generation. Carbon is essential for produc-
ing the materials used in everyday products, and
keeping carbon-based materials such as plastics
in circulation is key to reducing overall CO emis-
2
sions.

INEOS will use the recycled product as feed-
stock to produce recycled ethylene at its Rafnes
cracker, enabling the nearby Bamble plant to
manufacture virgin-quality recycled polyeth-
ylene that meets the EU’s stringent regulatory
requirements for high-performance applications
NEOS and Norwegian recycling company Recu-
ro have signed a Memorandum of Understand- such as food and medical packaging, this will
ing to develop a state-of-the-art advanced re- lead to higher overall recycling rates.
cycling facility at INEOS’ Bamble polymer site in “What makes the ‘Full Circle’ project stand out is
Norway. Once commissioned, the plant will pro- its holistic approach,” said Arve Jakobsen, CEO
cess up to 33,000 metric tonnes of end-of-life of Recuro. “By reusing an existing industrial site,
plastic waste annually, supporting the availabil-
ity of recycled feedstocks needed to
meet the EU’s Packaging and Pack-
aging Waste Regulation (PPWR) re-
quirements.

The initiative, named ‘Full Circle’, is
designed to combine environmental
responsibility with economic viability
by recycling waste using existing in-
dustrial infrastructure, land and ser-
vices, an approach that reduces both
the associated costs and overall envi-
ronmental footprint.

Powered entirely by renewable Nor-
wegian energy, the plant will be de-
signed to operate with minimal emis-
sions and utilize advanced pyrolysis technology, optimising infrastructure, and locating the plant
which maximizes the recovery of embedded next to a steam cracker facility, we can recover

62 PLASTICS NEWS July 2026