Qenos will take Australia once step closer to circular plastics using advanced recycling technology from Plastic Energy and Axens.
This is an important step in the development of the Qenos Circular Plastics Project to meet customer expectations and deliver on recycled content targets by 2025.
Qenos CEO, Stephen Bell, said that this important step in the development of the Qenos Circular Plastics Project (QCPP) was the result of an extensive assessment of suitable advanced recycling technologies and partners, supported in part by the Victorian Government.
The QCPP is the largest proposed circular plastics project in Australia, and is currently being considered for support under the Federal Government’s Modern Manufacturing initiative.
The joint feasibility study is expected to be completed by July 2022 and a final investment decision to be made later this year. Pending a successful outcome, the first of the advanced recycling facilities is expected to be operational by 2025.
Fully commissioned, the QCPP would secure a leadership role for the Australian manufacturing chain in this emerging global sector.