Antwerp to host large plant to recycle southern European plastics
The Turkish-Belgian company Synpet Technologies and the Swiss Kolmar Group are investing 100 million euros to build a large recycling plant in the port of Antwerp. From 2025, it will import and process tonnes of plastic from southern Europe.
"Our first plant will be located in the port of Antwerp, in the heart of one of the largest chemical clusters in Europe," said Cem Ozsuer, CEO of Synpet Technologies, in a press release. "We are very proud to invest in the heart of Flanders, in one of Europe's most renowned and well-equipped ports."
The company had initially planned to set up in Genk. However, as Synpet will be importing a lot of southern European plastics, Antwerp, with all its facilities, was considered to be more suitable.
"We will make a sustainable contribution to the Flemish region by tackling the problem of plastic waste, reducing carbon emissions and creating sustainable jobs," Ozsuer said. "The plant will create 70 new jobs in the Antwerp region and another 25 in Brussels."
Kolmar Group has taken a stake in Synpet in an initial financing round. In the first phase in 2025, the companies aim to process 180,000 tonnes of wet-rejected plastic waste a year. By 2030, Synpet aims to have a processing capacity of 1 million tonnes of plastic waste. It will be processed using "advanced technology" to produce circular naphtha, a primary raw material from which the industry makes plastic.
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