About 400 million tonnes of plastic are produced every year and more than one-third of that is for single use. A small fraction of the disposed of plastic is recycled leading to the plastic waste problem that we encounter today as some plastic products can take even 500 years to decompose.
While mechanical recycling, the current dominant technology, is energy-efficient, environment-friendly, capital-light, and free of toxic by-products and waste streams, it requires thorough sorting and cleaning. Its applications are mostly “downcycled”. Further, plastics can be mechanically recycled only a few times. Chemical recycling has the potential to be the optimal solution for most plastic problems but the jury is still out on it.
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