SABIC (Riyadh, Saudi Arabia) has reaffirmed its commitment to accelerating the circular carbon economy during the World Economic Forum Annual Meeting in Davos by unveiling its ambition to process one million metric tons of TRUCIRCLE circular products and technologies annually by 2030.
SABIC pioneered the industry back in Davos in 2019, when it announced plans to build a world-first small-scale commercial unit to produce certified circular polymers from the advanced recycling of used plastics. Since then, SABIC has been employing existing facilities to process smaller volumes of advanced recycled materials for brand owners and customers for a variety of applications already available in the market.
Construction of the company’s first commercial unit in Geleen, the Netherlands is now entering the final stages and deliveries of first circular polymers are expected in 2023.
As a next step on the roadmap to meet this 2030 target, SABIC will upscale volumes globally of advanced and mechanical recycling as well as bio-based materials. In that context, SABIC also announced that it is exploring a new world-scale commercial advanced recycling investment that would have a potential capacity to process around 200kilotons (KT) of circular materials per year, as well as other projects such as a small-scale advanced recycling plant in Saudi Arabia.